USA HVAC Motors Market 2020 Report offers a professional and in-depth study on the current state of the Global USA HVAC Motors Market along with competitive landscape, USA HVAC Motors Market share and revenue forecasts 2023.
USA HVAC Motors Market Synopsis:
Heating, Ventilation & Air Conditioning (HVAC) is the technology of that controls and monitors indoor and vehicular environments. Market Research Future (MRFR) has published a research report about the United States of America (USA) HVAC motors market that anticipates an increase for this market at 7.5% CAGR (Compound Annual Growth Rate) during the forecast period that would end in 2021. By value, the market has been figured to be worth the US $17, 257 mn by the end of the forecast period.
The special features of HVAC motor that help the market growth include ball bearings, heavy-gauge steel base that makes HVAC motor suitable for mounting in any position. The dynamically balanced rotors of HAVC motors enable reduced vibration and quiet operation. Hence, the demand for HVAC motors is increasing across sectors, and they are being used in band saws, drill presses, farm equipment, summer cooling fans, ventilators, and many others.
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The factors helping the USA HVAC motors market growth include the utility, features, demand for the workers’ safety and demand for efficient energy management. Regarding utility, HVAC systems are essential in industrial and office buildings to manage the costs of heating and cooling. Their requirement is more in the large structures where different temperature zones throughout the building are required. Motors are used extensively in HVAC systems. Investing in the variable speed drives for motors to reduce speed and save energy does have benefits.
The USA HVAC motors market can be segmented on the basis of application, type, and lastly, region.
The application-based segmentation segments this market into the air conditioner, air handler, fan powered terminal unit, furnace, heat pump, unitary applications, ventilator, and water source heat pump (WSHP).
By type, the market has been segmented into condenser fan motors, chiller/cooling tower motors, fan & blower motors, and shaft grounding motors.
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The regional overview of the USA HVAC motors market covers regions such as Washington, California, Texas, and others. The HVAC motors market in the U.S. is increasing at a speedy pace and will carry on growing due to enormous demand for HVAC motors in the application segment such as furnace, unitary, WSHP, heat pump, air conditioner, ventilator, air handler, and fan-powered terminal unit. The current demand in the market is being sustained by the production of HVAC motors, which is increasing. The mounting infrastructure and construction industry are among the key reasons backing the development of the USA HVAC motors market.
The key players in the USA HVAC motors market include Baldor Motors (USA), Fasco Motors (USA), Genteq Motors (USA), Marathon Electric Motors (India), and US Motors (USA).
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