Global HVAC Drive Market Growth 2023-2029

Global HVAC Drive Market Growth 2023-2029

HVAC Drive is designed to bring optimized process control to all heating, ventilation and air conditioning (HVAC) applications. The Drive designed specifically for HVAC applications, drives are installed on a daily basis in various heating, ventilation and air conditioning (HVAC) and water-boosting applications in new and existing buildings and infrastructural systems all over the world. They enhance air quality and indoor comfort levels, improve control and energy-saving possibilities, ensure better asset protection, reduce maintenance costs and increase reliability.

LPI (LP Information)' newest research report, the “HVAC Drive Industry Forecast” looks at past sales and reviews total world HVAC Drive sales in 2022, providing a comprehensive analysis by region and market sector of projected HVAC Drive sales for 2023 through 2029. With HVAC Drive sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world HVAC Drive industry.

This Insight Report provides a comprehensive analysis of the global HVAC Drive landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on HVAC Drive portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global HVAC Drive market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for HVAC Drive and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global HVAC Drive.

The global HVAC Drive market size is projected to grow from US$ 3025.8 million in 2022 to US$ 4251.8 million in 2029; it is expected to grow at a CAGR of 4251.8 from 2023 to 2029.

The key players in the market include ABB, Siemens, Danfoss, Schneider Electric, Emerson (Nidec), Mitsubishi Electric, Fuji Electric, Hitachi, Yaskawa, Toshiba, WEG SA and Eaton and among others.

On the basis of region, USA is the largest market segment of HVAC Drives, with a revenue market share nearly 28%. The second place is Europe, following USA with the market share over 24%. China is another important market of HVAC Drives.

This report presents a comprehensive overview, market shares, and growth opportunities of HVAC Drive market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Below 10 KW

10~100 KW

Above 100 KW

Segmentation by application

Air Handling Units

Cooling Towers

Pumps

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

ABB

Siemens

Danfoss

Schneider Electric

Nidec

Mitsubishi Electric

Fuji Electric

Hitachi

Yaskawa

Toshiba

WEG SA

Eaton

Johnson Controls

Daikin

Trane

Key Questions Addressed in this Report

What is the 10-year outlook for the global HVAC Drive market?

What factors are driving HVAC Drive market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do HVAC Drive market opportunities vary by end market size?

How does HVAC Drive break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.