Global HVAC Variable Frequency Drive Market

HVAC Variable Frequency Drive Market Size, Share, Growth Analysis, By Type(AC Drive, DC Drive, and Servo Drive), By Power range(Micro, low, medium, and high), By Application(Residential, commercial, and industrial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20D2079 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 91 | Figures: 70

HVAC Variable Frequency Drive Market Competitive Landscape

Global HVAC variable frequency drive market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

HVAC Variable Frequency Drive Market Top Player's Company Profiles

ABB Ltd.
Siemens AG
Schneider Electric SE
Rockwell Automation, Inc.
Mitsubishi Electric Co.
Yaskawa Electric Corporation
RoMan Manufacturing, Inc.
Danfoss
Hammond Power Solutions
Controlled Magnetics, Inc.
TCI, LLC
Badger Magnetics, Inc.
MGM Transformer Company
L/C Magnetics

HVAC Variable Frequency Drive Market Recent Developments

In July 2022, MTE Corporation, a prominent leader in delivering power quality solutions, released Matrix Air EC Motor Filter for growing energy efficiency in HVAC-R and Data Center Cooling Applications.

HVAC Variable Frequency Drive Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

HVAC Variable Frequency Drive Market size was valued at USD 3.74 billion in 2022 and is poised to grow from USD 3.96 billion in 2023 to USD 6.21 billion by 2031, growing at a CAGR of 5.8% during the forecast period (2024-2031).

HVAC variable frequency drive market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'ABB Ltd.', 'Siemens AG', 'Schneider Electric SE', 'Rockwell Automation, Inc.', 'Mitsubishi Electric Co.', 'Yaskawa Electric Corporation', 'RoMan Manufacturing, Inc.', 'Danfoss', 'Hammond Power Solutions', 'Controlled Magnetics, Inc.', 'TCI, LLC', 'Badger Magnetics, Inc.', 'MGM Transformer Company', 'L/C Magnetics'

Increasing preference of making investments in infrastructure advancements due to the growing urbanization in the developing economies, energy efficiency in buildings, increasing construction activities and others are driving the market growth.

The wide acceptance of HVAC variable frequency drive is increasing in several industries, modification of new technologies, and also the growing infrastructural developments, are boosting the market. The HVAC market is growing tremendously due to its properties like energy efficiency, converting power in hybridization applications, lowering mechanical load on machines, induction motor size, and others.

Asia Pacific (APAC) is assumed to hold a significant share in the HVAC variable frequency drive market owing to the increasing preference on the infrastructural upgradation in several countries including Australia, Japan, and China. The growing Foreign Direct Investments in the industrial and manufacturing sectors will also propel the market growth during the forecast period. The growing urbanization, the rising need for energy efficiency in buildings, rapid industrialisation in emerging economies, and others are also anticipated to add a positive impact to the market growth of HVAC variable frequency drive.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

HVAC Variable Frequency Drive Market Size, Share, Growth Analysis, By Type(AC Drive, DC Drive, and Servo Drive), By Power range(Micro, low, medium, and high), By Application(Residential, commercial, and industrial), By Region - Industry Forecast 2024-2031

HVAC Variable Frequency Drive Market Competitive Landscape

HVAC Variable Frequency Drive Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of HVAC Variable Frequency Drive Market?

Who are the key vendors in the HVAC Variable Frequency Drive Market?

What is the key driver of HVAC Variable Frequency Drive Market?

What is the key market trend for HVAC Variable Frequency Drive Market?

Which region accounted for the largest share in HVAC Variable Frequency Drive Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300