According to a market report by Lucintel, the future of the global HVAC drive market looks promising with opportunities in the industrial, residential, and commercial sectors. The global HVAC drive market is expected to reach an estimated $3.5 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are increasing demand for this product to improve indoor air quality, growing number of smart building and smart city construction, and rising installation of this drive in healthcare sector.
A more than 150–page
report is developed to understand trends, opportunity and forecast in HVAC
drive market to 2030 by type (DC drives, AC drives, and others), application
(air handling units, pumps, cooling towers, and others), end use industry
(industrial, residential, and commercial), and region (North America, Europe,
Asia Pacific, and the Rest of the World).
In this market, air
handling unit, pump, and cooling tower are the major segments of HVAC drive
market by application type.
Lucintel forecasts that
air handling unit is expected to witness highest growth over the forecast
period due to increasing use of HVAC drives in these systems to control and
circulate air, keep blowers, heating or cooling components, filter racks
functioning properly, and lengthen lifespan.
Within this market,
commercial will remain the largest segment due to growing need for
energy-efficient HVAC systems in various commercial buildings, such as office
buildings, hospitals, and hotels.
North America is
expected to witness highest growth over the forecast period due to increasing
number of green building construction, presence of key manufacturing hubs, and
rising awareness towards improved indoor air quality in the region.
Siemens, ABB, Danfoss, YASKAWA Electric, Regal Beloit, Fuji Electric, Eaton, WEG Industries, Schneider Electric, and Galco Industrial Electronics are the major suppliers in the HVAC drive market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056
or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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