Global HVAC Drives revenue market is expected to reach 2804.06 million USD by the end of 2022 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH
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• HVAC Drives used in industry including Air Handling Units, Cooling Towers and Pumps. Report data showed that 65.75% of the HVAC Drives market demand in Air Handling Units in 2016. • ABB, Siemens, Danfoss Drives, Schneider Electric, Emerson (Nidec), Mitsubishi Electric are major players in the HVAC Drives in 2016. ABB dominated with 18.03% production value share. Market polarization of products is more serious.
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• On the basis of region, USA is the largest market segment of HVAC Drives, with a revenue market share nearly 28.79% in 2016, which has great market potential in the future. • The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. • Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
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Despite the presence of competition problems, due to the global recovery trend is slightly and positive attitude of the government , investor are still optimistic about this area; the future will still have more new investment enter the field.
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