Market Overview The global HVAC Motors Market Size is expected to exhibit a robust 6.90% CAGR over the forecast period from 2018 to 2023, according to the latest research report published by Market Research Future (MRFR). The entire of process of heating, ventilating, and air conditioning is denoted by an acronym HVAC. HVAC (Heating, Ventilation and Air Conditioning) is the technique of monitoring and controlling vehicular and indoor environments. Often, HVAC is used to extend the benefits derived from refrigeration. HVAC systems are required in industrial and office buildings to control the costs of heating and cooling, precisely when the assembly is huge, and it demands diverse temperature zones throughout the building. An efficient HVAC framework aims to offer indoor comfort and thermal control, and one that is premeditated applying the ideologies of fluid mechanics, heat transfer, and thermodynamics. The key aspects of HVAC framework that drives its growth include the heavy-gauge steel foundation that makes HVAC motor apt for escalating in any position coupled with the ball bearings. Noise free operation along with decreased levels of vibration caused by the rotors make the HVAC a dynamically balanced system. Moreover, HVAC finds wide application across several industries in drill presses, band saws, summer cooling fans, farm equipment, ventilators, and many others. This drives the demand for HVAC motors to a considerable level. The integration of HVAC systems is assisting smart electricity firms to come up with an inclusive energy management framework. The framework facilitates sustained safety and comfort of their employees without triggering a surge in energy costs. Consequently, HVAC motors are getting extensively adopted for a variety of applications that, at the end of the day, lessens electricity consumption. Market Segmentation As per the reports published by Market Research Future, the HVAC motors market has been segmented based on applications and types. Based on applications, the market has been segmented into WSHP, heat pump, furnace, air handler, fan powered terminal unit, unitary, ventilator, and air conditioner. Based on types, the market has been segmented into condenser fan motors, chiller/cooling tower motors, shaft grounding motors, and fan and blower motors. Regional Analysis Market Research Future (MRFR) has conducted an exhaustive study about the HVAC market of US. The reports revealed that the market is projected to develop at 7.5% CAGR over the forecast period that would conclude in 2021. The market is estimated to reflect a worth of US $17, 257 mn by the conclusion of the forecast period. The factors driving the US HVAC motors market growth include the features, utility, demand for effectual energy management, and need for the employee’s safety. As per utility, HVAC systems have proved to be useful in office buildings and industrial to handle the costs of cooling and heating. Their demand is greater in the large frameworks where different temperature zones prevail throughout the structure. Moreover, the continuous upgradation and innovation introduced by the key players, plays a remarkable role in accelerating the market demand for HVAC. Of late, Regal Beloit Corporation, a manufacturer of electrical motion controls, electric motors, power transmission components, and power generation declared it will debut a range of upgrades to its JuggerNaut motor series, unleash under the Century brand. JuggerNaut motor lineup reviews the new Century JuggerNaut Pro motor with bearing current protection (BCP) and upgraded Century
JuggerNaut motor. The Century JuggerNaut motor presently features full-phase insulation and works with a non-conductive grease. The Century JuggerNaut Pro motor with BCP is about to be released. It will also include MaxGuard insulation as well as carbon brush technology that reduces induced shaft voltage. Both motors reflect D-133 inverter duty wire, that assists in limiting the bearing currents. Key Players The key players dominating the HVAC motors market include Marathon Electric Motors, Baldor, Genteq Motors, Fasco Motors, US Motors, and others. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future +1 646 845 9312 Email: sales@marketresearchfuture.com