ReleaseWire

Global HVAC Drives Market Will Grow at a CAGR 3.6% and Reach USD 2.9 Billion by 2023, from USD 2.35 Billion in 2017

New Global HVAC Drives Market Report Covers market forecast and top Companies like Top ABB, Siemens, Danfoss Drives, Schneider Electric, Emerson (Nidec) and others.

Posted: Wednesday, July 25, 2018 at 11:39 PM CDT

Lewes, DE -- (SBWire) -- 07/25/2018 --HVAC Drives market will register a 3.6% CAGR in terms of revenue, reach US$ 2900 million by 2023, from US$ 2350 million in 2017.

This report studies the HVAC Drives market, The Drive designed specifically for HVAC applications, drives are installed on a daily basis in various heating, ventilation and air conditioning (HVAC) and water-boosting applications in new and existing buildings and infrastructural systems all over the world. They enhance air quality and indoor comfort levels, improve control and energy-saving possibilities, ensure better asset protection, reduce maintenance costs and increase reliability.

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.

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.

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.

Over the next five years,study projects that HVAC Drives will register a 3.6% CAGR in terms of revenue, reach US$ 2900 million by 2023, from US$ 2350 million in 2017.

This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
ABB
Siemens
Danfoss Drives
Schneider Electric
Emerson (Nidec)
Mitsubishi Electric
General Electric
Fuji Electric
Hitachi
Yaskawa
Toshiba
WEG SA
Eaton

Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Below 10 KW
10~100 KW
Above 100 KW

Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Air Handling Units
Cooling Towers
Pumps

Spanning over 142 pages "Forecast of Global HVAC Drives Market 2023" report covers HVAC Drives Market Overview, Global HVAC Drives Sales, Revenue (Value) and Market Share by Players, Global HVAC Drives Sales, Revenue (Value) by Regions, Type and Application (2013-2018), North America Top 5 Players HVAC Drives Sales, Revenue and Price, Europe Top 5 Players HVAC Drives Sales, Revenue and Price, Asia-Pacific Top 5 Players HVAC Drives Sales, Revenue and Price, South America Top 5 Players HVAC Drives Sales, Revenue and Price, Middle East & Africa Top 5 Players HVAC Drives Sales, Revenue and Price, Global HVAC Drives Players Profiles/Analysis, Global HVAC Drives Market Forecast (2018-2023), HVAC Drives Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis, Research Findings and Conclusion, Appendix.

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Forecast of Global HVAC Drives Market 2023