HVAC motors are witnessing innovation in adaptive liquid management solutions. For instance, Danfoss-a provider of energy efficient technologies, won the AHR Expo 2020 Innovation Award for developing the Danfoss CO2 Adaptive Liquid Management (CALM) solution for cold rooms. Companies in the HVAC motor market are increasing R&D to combine liquid ejector with adaptive liquid control case controller algorithm to efficiently utilize the evaporator surface in display cases.

The HVAC motor market is estimated to grow exponentially and reach a revenue of ~US$ 19.8 Bn by the end of 2027. This is evident since manufacturers are aiming toward greater energy efficiency and energy savings in CO2 refrigeration. Manufacturers are bolstering their credibility in the market for HVAC motors by assisting customers to turn toward climate-friendly refrigerants to ensure system reliability and food safety. Adaptive liquid management is growing popular as the next-gen energy savings technology.

hvac motor market infographic

Request a sample to get extensive insights into the HVAC Motor Market?

Cutting-edge HVAC Motors Gain Prominence in Enhanced IoT Connectivity

Companies in the HVAC motor market are increasing research to manufacture smaller and quieter motors. Ultra-high efficiency motors are generating incremental opportunities for manufacturers. As such, the HVAC motor market is expected to reach a production of ~10,100 units by 2027. Thus, ultra-high efficiency motors are being highly publicized, since these novel motors offer energy saving to customers. Lightweight HVAC motor is another key driver contributing to the growth of the HVAC motor market.

Manufacturers are introducing circuit board stator in HVAC motors so that motors offer superior durability and improved performance in IoT implementations. They are increasing R&D to transform the size and weight of HVAC motors. On the other hand, startups are tapping opportunities in the electric motor technology that has promising potential in HVAC applications. Since automotive industry is anticipated to dominate the HVAC motor market, in terms of value and volume, startups are gaining expertise to reduce the complexity and size of electric powertrains.

VR in 3D Simulation Courses Creates Availability of Industry-ready HVAC Professionals

The HVAC motor market indicates positive growth in terms of volume, since the market is anticipated to progress at a volume CAGR of ~6% during the forecast period. Since companies want to revolutionize the weight and size of HVAC motors, there is a need for trained professionals in the highly competitive automotive, petrochemical, and agricultural sectors. Hence, companies are introducing online course catalogs to increase the availability of trained professionals. For instance, Interplay Learning – a company that offers online 3D simulation courses revealed their SkillMill™ Skilled Trades Course Catalog that gives HVAC professionals the accessibility to learn technical concepts on their mobile devices.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Virtual reality (VR) is creating quite a stir in the HVAC motor market with the introduction of on-demand training course catalogs. Thus, companies can gain competitive edge over other companies by onboarding trained HVAC professionals. Individuals are gaining worksite skills with the help of these online courses.

Product Safety Standards and Building Codes Imply Safe Use of Low-GWP Refrigerants

The HVAC motor market is largely consolidated with leading players accounting for ~25%-35% of the total market share. This indicates that prominent and emerging players can pose as a tough competition to major players. However, manufactures need to tackle regulatory challenges to advance in the HVAC motor market.

Read TMR Research Methodology at: https://www.transparencymarketresearch.com/methodology.html

For instance, North America is projected to dictate the highest value and volume in the market for HVAC motors. The U.S., being one of the major countries in North America has the potential to offer revenue opportunities to HVAC equipment companies. However, lower-GWP (Global Warming Potential) refrigerants possess risks of inflammation, which is likely to slow down market growth. Hence, companies in the U.S. are increasing awareness about streamlining product safety standards and building codes to ensure safe use of refrigerants that are introduced in the market. Analysts of Transparency Market Research (TMR) opine that strong sales are creating revenue streams for manufacturers, owing to unpredictable warm weather and favorable economic conditions.

hvac motor market segmentation

Stuck in a neck-to-neck competition with other brands? Request a custom report on HVAC Motor Market

Read Our Latest Press Release:

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

Contact

Transparency Market Research State Tower,

90 State Street,

Suite 700,

Albany NY – 12207

United States

USA – Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com