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Global HVAC Drive Market Research Report 2025
Synopsis
HVAC Drive is designed to bring optimized process control to all heating, ventilation and air conditioning (HVAC) applications. 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.
The global HVAC Drive market was valued at US$ 3093.1 million in 2023 and is anticipated to reach US$ 4311.3 million by 2030, witnessing a CAGR of 4.8% during the forecast period 2024-2030.
The key players in the market include ABB, Siemens, Danfoss, Schneider Electric, Emerson (Nidec), Mitsubishi Electric, Fuji Electric, Hitachi, Yaskawa, Toshiba, WEG SA and Eaton and among others.
On the basis of region, USA is the largest market segment of HVAC Drives, with a revenue market share nearly 28%. The second place is Europe, following USA with the market share over 24%. China is another important market of HVAC Drives.
This report aims to provide a comprehensive presentation of the global market for HVAC Drive, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HVAC Drive.
Report Scope
The HVAC Drive market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global HVAC Drive market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the HVAC Drive manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Siemens
Danfoss
Schneider Electric
Nidec
Mitsubishi Electric
Fuji Electric
Hitachi
Yaskawa
Toshiba
WEG SA
Eaton
Johnson Controls
Daikin
Trane
Segment by Type
Below 10 KW
10~100 KW
Above 100 KW
Segment by Application
Air Handling Units
Cooling Towers
Pumps
Production by Region
North America
Europe
Southeast Asia
South America
Japan
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of HVAC Drive manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of HVAC Drive by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of HVAC Drive in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
HVAC Drive is designed to bring optimized process control to all heating, ventilation and air conditioning (HVAC) applications. 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.
The global HVAC Drive market was valued at US$ 3093.1 million in 2023 and is anticipated to reach US$ 4311.3 million by 2030, witnessing a CAGR of 4.8% during the forecast period 2024-2030.
The key players in the market include ABB, Siemens, Danfoss, Schneider Electric, Emerson (Nidec), Mitsubishi Electric, Fuji Electric, Hitachi, Yaskawa, Toshiba, WEG SA and Eaton and among others.
On the basis of region, USA is the largest market segment of HVAC Drives, with a revenue market share nearly 28%. The second place is Europe, following USA with the market share over 24%. China is another important market of HVAC Drives.
This report aims to provide a comprehensive presentation of the global market for HVAC Drive, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HVAC Drive.
Report Scope
The HVAC Drive market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global HVAC Drive market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the HVAC Drive manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Siemens
Danfoss
Schneider Electric
Nidec
Mitsubishi Electric
Fuji Electric
Hitachi
Yaskawa
Toshiba
WEG SA
Eaton
Johnson Controls
Daikin
Trane
Segment by Type
Below 10 KW
10~100 KW
Above 100 KW
Segment by Application
Air Handling Units
Cooling Towers
Pumps
Production by Region
North America
Europe
Southeast Asia
South America
Japan
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of HVAC Drive manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of HVAC Drive by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of HVAC Drive in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 HVAC Drive Market Overview
1.1 Product Definition
1.2 HVAC Drive Segment by Type
1.2.1 Global HVAC Drive Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Below 10 KW
1.2.3 10~100 KW
1.2.4 Above 100 KW
1.3 HVAC Drive Segment by Application
1.3.1 Global HVAC Drive Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Air Handling Units
1.3.3 Cooling Towers
1.3.4 Pumps
1.4 Global Market Growth Prospects
1.4.1 Global HVAC Drive Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global HVAC Drive Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global HVAC Drive Production Estimates and Forecasts (2019-2030)
1.4.4 Global HVAC Drive Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global HVAC Drive Production Market Share by Manufacturers (2019-2024)
2.2 Global HVAC Drive Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of HVAC Drive, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global HVAC Drive Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global HVAC Drive Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of HVAC Drive, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of HVAC Drive, Product Offered and Application
2.8 Global Key Manufacturers of HVAC Drive, Date of Enter into This Industry
2.9 HVAC Drive Market Competitive Situation and Trends
2.9.1 HVAC Drive Market Concentration Rate
2.9.2 Global 5 and 10 Largest HVAC Drive Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 HVAC Drive Production by Region
3.1 Global HVAC Drive Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global HVAC Drive Production Value by Region (2019-2030)
3.2.1 Global HVAC Drive Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of HVAC Drive by Region (2025-2030)
3.3 Global HVAC Drive Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global HVAC Drive Production by Region (2019-2030)
3.4.1 Global HVAC Drive Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of HVAC Drive by Region (2025-2030)
3.5 Global HVAC Drive Market Price Analysis by Region (2019-2024)
3.6 Global HVAC Drive Production and Value, Year-over-Year Growth
3.6.1 North America HVAC Drive Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe HVAC Drive Production Value Estimates and Forecasts (2019-2030)
3.6.3 Southeast Asia HVAC Drive Production Value Estimates and Forecasts (2019-2030)
3.6.4 South America HVAC Drive Production Value Estimates and Forecasts (2019-2030)
3.6.5 Japan HVAC Drive Production Value Estimates and Forecasts (2019-2030)
3.6.6 China HVAC Drive Production Value Estimates and Forecasts (2019-2030)
4 HVAC Drive Consumption by Region
4.1 Global HVAC Drive Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global HVAC Drive Consumption by Region (2019-2030)
4.2.1 Global HVAC Drive Consumption by Region (2019-2024)
4.2.2 Global HVAC Drive Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America HVAC Drive Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America HVAC Drive Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe HVAC Drive Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe HVAC Drive Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific HVAC Drive Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific HVAC Drive Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa HVAC Drive Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa HVAC Drive Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global HVAC Drive Production by Type (2019-2030)
5.1.1 Global HVAC Drive Production by Type (2019-2024)
5.1.2 Global HVAC Drive Production by Type (2025-2030)
5.1.3 Global HVAC Drive Production Market Share by Type (2019-2030)
5.2 Global HVAC Drive Production Value by Type (2019-2030)
5.2.1 Global HVAC Drive Production Value by Type (2019-2024)
5.2.2 Global HVAC Drive Production Value by Type (2025-2030)
5.2.3 Global HVAC Drive Production Value Market Share by Type (2019-2030)
5.3 Global HVAC Drive Price by Type (2019-2030)
6 Segment by Application
6.1 Global HVAC Drive Production by Application (2019-2030)
6.1.1 Global HVAC Drive Production by Application (2019-2024)
6.1.2 Global HVAC Drive Production by Application (2025-2030)
6.1.3 Global HVAC Drive Production Market Share by Application (2019-2030)
6.2 Global HVAC Drive Production Value by Application (2019-2030)
6.2.1 Global HVAC Drive Production Value by Application (2019-2024)
6.2.2 Global HVAC Drive Production Value by Application (2025-2030)
6.2.3 Global HVAC Drive Production Value Market Share by Application (2019-2030)
6.3 Global HVAC Drive Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB HVAC Drive Corporation Information
7.1.2 ABB HVAC Drive Product Portfolio
7.1.3 ABB HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 Siemens
7.2.1 Siemens HVAC Drive Corporation Information
7.2.2 Siemens HVAC Drive Product Portfolio
7.2.3 Siemens HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Siemens Main Business and Markets Served
7.2.5 Siemens Recent Developments/Updates
7.3 Danfoss
7.3.1 Danfoss HVAC Drive Corporation Information
7.3.2 Danfoss HVAC Drive Product Portfolio
7.3.3 Danfoss HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Danfoss Main Business and Markets Served
7.3.5 Danfoss Recent Developments/Updates
7.4 Schneider Electric
7.4.1 Schneider Electric HVAC Drive Corporation Information
7.4.2 Schneider Electric HVAC Drive Product Portfolio
7.4.3 Schneider Electric HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Schneider Electric Main Business and Markets Served
7.4.5 Schneider Electric Recent Developments/Updates
7.5 Nidec
7.5.1 Nidec HVAC Drive Corporation Information
7.5.2 Nidec HVAC Drive Product Portfolio
7.5.3 Nidec HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Nidec Main Business and Markets Served
7.5.5 Nidec Recent Developments/Updates
7.6 Mitsubishi Electric
7.6.1 Mitsubishi Electric HVAC Drive Corporation Information
7.6.2 Mitsubishi Electric HVAC Drive Product Portfolio
7.6.3 Mitsubishi Electric HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Mitsubishi Electric Main Business and Markets Served
7.6.5 Mitsubishi Electric Recent Developments/Updates
7.7 Fuji Electric
7.7.1 Fuji Electric HVAC Drive Corporation Information
7.7.2 Fuji Electric HVAC Drive Product Portfolio
7.7.3 Fuji Electric HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Fuji Electric Main Business and Markets Served
7.7.5 Fuji Electric Recent Developments/Updates
7.8 Hitachi
7.8.1 Hitachi HVAC Drive Corporation Information
7.8.2 Hitachi HVAC Drive Product Portfolio
7.8.3 Hitachi HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Hitachi Main Business and Markets Served
7.7.5 Hitachi Recent Developments/Updates
7.9 Yaskawa
7.9.1 Yaskawa HVAC Drive Corporation Information
7.9.2 Yaskawa HVAC Drive Product Portfolio
7.9.3 Yaskawa HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Yaskawa Main Business and Markets Served
7.9.5 Yaskawa Recent Developments/Updates
7.10 Toshiba
7.10.1 Toshiba HVAC Drive Corporation Information
7.10.2 Toshiba HVAC Drive Product Portfolio
7.10.3 Toshiba HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Toshiba Main Business and Markets Served
7.10.5 Toshiba Recent Developments/Updates
7.11 WEG SA
7.11.1 WEG SA HVAC Drive Corporation Information
7.11.2 WEG SA HVAC Drive Product Portfolio
7.11.3 WEG SA HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.11.4 WEG SA Main Business and Markets Served
7.11.5 WEG SA Recent Developments/Updates
7.12 Eaton
7.12.1 Eaton HVAC Drive Corporation Information
7.12.2 Eaton HVAC Drive Product Portfolio
7.12.3 Eaton HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Eaton Main Business and Markets Served
7.12.5 Eaton Recent Developments/Updates
7.13 Johnson Controls
7.13.1 Johnson Controls HVAC Drive Corporation Information
7.13.2 Johnson Controls HVAC Drive Product Portfolio
7.13.3 Johnson Controls HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Johnson Controls Main Business and Markets Served
7.13.5 Johnson Controls Recent Developments/Updates
7.14 Daikin
7.14.1 Daikin HVAC Drive Corporation Information
7.14.2 Daikin HVAC Drive Product Portfolio
7.14.3 Daikin HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Daikin Main Business and Markets Served
7.14.5 Daikin Recent Developments/Updates
7.15 Trane
7.15.1 Trane HVAC Drive Corporation Information
7.15.2 Trane HVAC Drive Product Portfolio
7.15.3 Trane HVAC Drive Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Trane Main Business and Markets Served
7.15.5 Trane Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 HVAC Drive Industry Chain Analysis
8.2 HVAC Drive Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 HVAC Drive Production Mode & Process
8.4 HVAC Drive Sales and Marketing
8.4.1 HVAC Drive Sales Channels
8.4.2 HVAC Drive Distributors
8.5 HVAC Drive Customers
9 HVAC Drive Market Dynamics
9.1 HVAC Drive Industry Trends
9.2 HVAC Drive Market Drivers
9.3 HVAC Drive Market Challenges
9.4 HVAC Drive Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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