USA HVAC Motors Market – Overview
Maintaining indoor air comfort and keeping rising energy costs at bay are both top priorities for anybody. HVAC motors are the advanced technology of variable speed electronically commutated motors and are high of efficiency motors designed to provide significant energy savings.
HVAC (Heating, Ventilation and Air Conditioning) is the technology of controlling and monitoring indoor and vehicular environments. Sometimes, HVAC is used to characterize the added field of Refrigeration. HVAC systems are needed in office and industrial buildings to manage the costs of cooling and heating, specifically when the assembly is large and it needs different temperature zones across the building.
According to a recent study report published by the Market Research Future, the USA HVAC Motors market has been increasing. The market is expected to grow at a rapid pace during the forecast period (2017 – 2021). The USA HVAC Motors Market is forecasted to demonstrate a spectacular growth of $17,257 million by 2021, surpassing its previous growth records in terms of value with a striking 7.5% of CAGR during the anticipated period (2017 – 2021). The USA HVAC motors market had valued USD 11,193 million in 2015.
The USA HVAC Motors Market has seen a tremendous growth over the past few years and it has been estimated that the growth pattern will continue due to huge demand of HVAC motors in the application segment such as unitary, furnace, WSHP, air conditioner, heat pump, ventilator, air handler and fan powered terminal unit. To meet the current demand it was analyzed that the production of HVAC motors has been increased. The growing infrastructure and construction industry is one of the major reasons for this kind of growth.
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USA HVAC Motors Market – Key Players
HVAC motors market in USA is well established. Several large and small players having international presence adorn the market of USA HVAC Motors. The market is expected to witness fierce competition during the forecast period. Well established players incorporate acquisition, collaboration, partnership, expansion, product launch in order to gain competitive advantage in this market and to maintain their market position. The Key players operating in this market emphasis upon the product innovation and new manufacturing processes which in turn is anticipated to fuel the already intensified competition during the forecast period. USA HVAC motors market demonstrates high growth prospect which is turn is attracting several new entrants to the market which is apparently anticipated to intensify the market competition.
Profiled in MRFR Analysis some of the leading market players operating in the USA HVAC motors market primarily include Baldor, Marathon Electric Motors, Us Motors, Fasco Motors, Genteq Motors and others.
USA HVAC Motors Market – Segmentation
The USA HVAC Motors Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Types: Comprises chiller/cooling tower motors, fan and blower motors, condenser fan motors and shaft grounding motors, and others.
Segmentation By Application: Comprises unitary, furnace, WSHP, air conditioner, heat pump, ventilator, air handler and fan powered terminal unit and others.
Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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USA HVAC Motors Market – Synopsis
At present, buildings, such as offices, warehouses, hotels, and hospitals, utilize thousands of fans and pumps to manage the heat, to cool the air, and to pump fresh water. Moreover, HVAC system paves its way into many sectors owing to its advanced features and high reliability, which facilitate in the development of energy-efficient buildings. The HAVAC motors are highly efficient electric motors, with potential to save a substantial percentage of energy. Therefore, the demand for HAVAC motors is on a rise for applications in various residential as well as office buildings, hotels, and warehouses.
Most of today’s HVAC motors are built with sealed bearings. As a result, the primary cause of bearing failure in VFD-controlled motors is electrical damage. This damage occurs because voltages build up on the shaft and then discharge in short bursts along the path of least resistance–through the bearings. Over time, this discharge can lead to pitting and fluting. The National Electrical Manufacturers Association (NEMA) officially recommends bearing insulation to address these problems. Bearing Protection Rings provide a maintenance-free solution to bearing insulation in HVAC applications. Two rows of conductive microfibers lining the entire inner circumference of the ring provide safe avenues for discharge. Additionally, rings qualify as sustainable technology under the Federal Energy Management Program.
The USA HVAC motors market is poised to reach USD 11,193 million in 2015 from $17,257 million in 2021, with a CAGR of 7.5% during the forecasted period.
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