The global AC motors market is estimated to expand at 6.90% CAGR during the forecast period. HVAC motors are designed with balanced rotors to reduce vibrations and noiseless operations. These motors generally have a power rating ranging from 0.18 kW to 75 kW. These motors find applications in air curtains, condenser units, chiller units, exhaust fans, fan coil units, and blowers. Additionally, these motors are also used for variable torque electronic controls, which are ultimately used to conserve electricity.

Additionally, the horsepower of these motors might vary from 0.25 HP to 100 HP. These motors are primarily used in heavy-duty industrial and commercial end-use industries. Within these end-use industries, these motors are used in ventilators, direct drive and belted fans, exhaust fans, air conditioning units, unit heaters, and refrigeration condensers.

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The increasing demand for HVAC systems to reduce energy consumption and government regulations and policies for conserving energy are some of the factors driving the global HVAC motors market. Additionally, rapid industrialization and growing GDP, especially in China and India, are presenting several growth opportunities to the global HVAC motors market. Moreover, governments across the globe are focusing on reducing energy consumption in industries and households by encouraging them to use energy-saving techniques. HVAC motors offer an ideal solution for energy saving by increasing the efficiency of the machines, thereby helping increase the growth of the global HVAC motors market.

Industry Segmentation

The global HVAC motors market has been segmented based on type, application, and end-use. On the basis of application, the market has been classified into heating equipment, ventilation equipment, and cooling equipment. Within the heating equipment segment, the heat pumps subsegment is likely to dominate the market, owing to their evolving capabilities including performing both, space-cooling and heating functions, along with the ability to heat water. Within the ventilation equipment segment, the air handling subsegment is expected to dominate the market, mainly due to the ambient air that these motors draw.

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Regional Outlook

Region wise, in 2017, Asia-Pacific held the largest market share of the global HVAC motors market. It is also expected that the region would continue to be the largest market during the forecast period. In Asia-Pacific, China held the largest share in the HVAC motors market, owing to several beneficial government policies. For instance, the Ministry of Housing and Urban-Rural Development of P.R. China (MOHURD) implemented certain standards and protocols related to construction policies regarding HVAC motor installations.

Leading Players

Some of the key players in the global HVAC motors market are WEG (Brazil), Regal Beloit Corporation (US), Honeywell International Inc. (US), Ingersoll-Rand Plc, (Ireland), Johnson Controls (US), Mitsubishi Electric (Japan), Danfoss (Denmark), Hitachi (Japan), LG Electronics (South Korea), ABB (Switzerland), Siemens (Germany), Bosch Rexroth (Germany), and GE (US).

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