The heating, ventilation and air conditioning systems (HVAC) need to be energy efficient and help reduce operating costs. In buildings ranging from office towers to hospitals, schools to data centers, and across many applications - including air handlers, water pumps, cooling towers and chillers - all use electric motors that can help ensure are run in the most efficient and reliable manner. That's where variable speed drives (VFD) for HVAC can help. They are simple to set up, and the drives integrate seamlessly into building management and automation systems.
The HVAC Drives market revenue was 3223.15 Million USD in 2022, and will reach 4657.01 Million USD in 2028, with a CAGR of 6.33% during 2022-2028.
This report elaborates the market size, market characteristics, and market growth of the HVAC Drives industry, and breaks down according to the type, application, and consumption area of HVAC Drives. The report also introduces players in the industry from the perspective of the industry chain and marketing chain and describes the leading companies.
In Chapter 2.3 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for HVAC Drives in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
Chapter 2.5 covers the analysis of the impact of COVID-19 from the perspective of the industry chain.
In addition, chapters 6-10 consider the impact of COVID-19 on the regional economy.
Key players in the global HVAC Drives market covered in Chapter 11:
Danfoss Drives
Mitsubishi Electric
Hitachi
Eaton
Toshiba
Schneider Electric
ABB
General Electric
Emerson (Nidec)
Siemens
WEG SA
Yaskawa
Fuji Electric
In Chapter 3, on the basis of types, the HVAC Drives market from 2018 to 2028 is primarily split into:
Below 10 KW
10~100 KW
Above 100 KW
In Chapter 4, on the basis of applications, the HVAC Drives market from 2018 to 2028 covers:
Air Handling Units
Cooling Towers
Pumps
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2028) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10:
North America (Covered in Chapter 6)
United States
Canada
Mexico
Europe (Covered in Chapter 7)
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific (Covered in Chapter 8)
China
Japan
South Korea
Australia
India
Middle East and Africa (Covered in Chapter 9)
Saudi Arabia
UAE
Egypt
South Africa
South America (Covered in Chapter 10)
Brazil
Argentina
Columbia
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028
Global HVAC Drives Market Insights: Impact of COVID-19 and Future Expectations to 2028
Table of Content
1 Report Overview
1.1 Research Objectives
1.2 Study Scope
1.3 Key Market Segments
1.4 Market Investment Scenario Strategic
2 Industry Insights
2.1 Industry Ecosystem Analysis
2.1.1 Industry Chain Analysis
2.1.2 Distribution Channel Analysis
2.2 Market Trend Analysis
2.2.1 Growth Drivers
2.2.2 Industry Constraints and Challenges
2.3 Industry Trends Under COVID-19
2.3.1 Risk Assessment on COVID-19
2.3.2 Assessment of the Overall Impact of COVID-19 on the Industry
2.3.3 Pre COVID-19 and Post COVID-19 Market Scenario
2.4 Industry Innovation Prospect Analysis
2.5 The Impact of Covid-19 From the Perspective of Industry Chain
3 Global HVAC Drives Market, By Product Type
3.1 Global HVAC Drives Sales, Revenue and Market Share by Types (2018-2023)
3.1.1 Global HVAC Drives Sales and Market Share by Types (2018-2023)
3.1.2 Global HVAC Drives Revenue and Market Share by Types (2018-2023)
3.1.3 Global HVAC Drives Price by Types (2018-2023)
3.2 Key Trends by Types
3.3 Global HVAC Drives Sales, Price and Growth Rate of Below 10 KW (2018-2023)
3.4 Global HVAC Drives Sales, Price and Growth Rate of 10~100 KW (2018-2023)
3.5 Global HVAC Drives Sales, Price and Growth Rate of Above 100 KW (2018-2023)
4 Global HVAC Drives Market, By Applications
4.1 Global HVAC Drives Consumption, Revenue and Market Share by Applications (2018-2023)
4.1.1 Global HVAC Drives Consumption and Market Share by Applications (2018-2023)
4.1.2 Global HVAC Drives Revenue and Market Share by Applications (2018-2023)
4.2 Air Handling Units
4.3 Cooling Towers
4.4 Pumps
5 Global HVAC Drives Market, By Regions
5.1 Global HVAC Drives Market Sales and Market Share by Regions
5.1.1 Global HVAC Drives Sales by Regions (2018-2023)
5.1.2 Global HVAC Drives Sales Market Share by Regions (2018-2023)
5.2 Global HVAC Drives Market Revenue and Market Share by Regions
5.2.1 Global HVAC Drives Revenue by Regions (2018-2023)
5.2.2 Global HVAC Drives Revenue Market Share by Regions (2018-2023)
5.3 Key Trends by Regions
5.3.1 Emerging Market Analysis
6 North America HVAC Drives Market Analysis
6.1 North America HVAC Drives Market Size
6.1.1 North America HVAC Drives Market Sales and Growth Rate (2018-2023)
6.1.2 North America HVAC Drives Market Revenue and Growth Rate (2018-2023)
6.2 U.S. HVAC Drives Market Size
6.3 Canada HVAC Drives Market Size
6.4 Mexico HVAC Drives Market Size
6.5 Key Macroeconomic Indicators
6.6 The Influence of COVID-19 on North America Market
7 Europe HVAC Drives Market Analysis
7.1 Europe HVAC Drives Market Size
7.1.1 Europe HVAC Drives Market Sales and Growth Rate (2018-2023)
7.1.2 Europe HVAC Drives Market Revenue and Growth Rate (2018-2023)
7.2 Germany HVAC Drives Market Size
7.3 United Kingdom HVAC Drives Market Size
7.4 France HVAC Drives Market Size
7.5 Italy HVAC Drives Market Size
7.6 Spain HVAC Drives Market Size
7.7 Russia HVAC Drives Market Size
7.8 Key Macroeconomic Indicators
7.9 The Influence of COVID-19 on Europe Market
8 Asia-Pacific HVAC Drives Market Analysis
8.1 Asia-Pacific HVAC Drives Market Size
8.1.1 Asia-Pacific HVAC Drives Market Sales and Growth Rate (2018-2023)
8.1.2 Asia-Pacific HVAC Drives Market Revenue and Growth Rate (2018-2023)
8.2 China HVAC Drives Market Size
8.3 Japan HVAC Drives Market Size
8.4 South Korea HVAC Drives Market Size
8.5 Australia HVAC Drives Market Size
8.6 India HVAC Drives Market Size
8.7 Key Macroeconomic Indicators
8.8 The Influence of COVID-19 on Asia Pacific Market
9 Middle East and Africa HVAC Drives Market Analysis
9.1 Middle East and Africa HVAC Drives Market Size
9.1.1 Middle East and Africa HVAC Drives Market Sales and Growth Rate (2018-2023)
9.1.2 Middle East and Africa HVAC Drives Market Revenue and Growth Rate (2018-2023)
9.2 Saudi Arabia HVAC Drives Market Size
9.3 UAE HVAC Drives Market Size
9.4 Egypt HVAC Drives Market Size
9.5 South Africa HVAC Drives Market Size
9.6 Key Macroeconomic Indicators
9.7 The Influence of COVID-19 on Middle East and Africa Market
10 South America HVAC Drives Market Analysis
10.1 South America HVAC Drives Market Size
10.1.1 South America HVAC Drives Market Sales and Growth Rate (2018-2023)
10.1.2 South America HVAC Drives Market Revenue and Growth Rate (2018-2023)
10.2 Brazil HVAC Drives Market Size
10.3 Argentina HVAC Drives Market Size
10.4 Columbia HVAC Drives Market Size
10.5 Key Macroeconomic Indicators
10.6 The Influence of COVID-19 on South America Market
11 Competition Landscape and Company Profiles
11.1 Danfoss Drives
11.1.1 Danfoss Drives Basic Information
11.1.2 Danfoss Drives Product Profiles, Application and Specification
11.1.3 Danfoss Drives HVAC Drives Market Performance (2018-2023)
11.2 Mitsubishi Electric
11.2.1 Mitsubishi Electric Basic Information
11.2.2 Mitsubishi Electric Product Profiles, Application and Specification
11.2.3 Mitsubishi Electric HVAC Drives Market Performance (2018-2023)
11.3 Hitachi
11.3.1 Hitachi Basic Information
11.3.2 Hitachi Product Profiles, Application and Specification
11.3.3 Hitachi HVAC Drives Market Performance (2018-2023)
11.4 Eaton
11.4.1 Eaton Basic Information
11.4.2 Eaton Product Profiles, Application and Specification
11.4.3 Eaton HVAC Drives Market Performance (2018-2023)
11.5 Toshiba
11.5.1 Toshiba Basic Information
11.5.2 Toshiba Product Profiles, Application and Specification
11.5.3 Toshiba HVAC Drives Market Performance (2018-2023)
11.6 Schneider Electric
11.6.1 Schneider Electric Basic Information
11.6.2 Schneider Electric Product Profiles, Application and Specification
11.6.3 Schneider Electric HVAC Drives Market Performance (2018-2023)
11.7 ABB
11.7.1 ABB Basic Information
11.7.2 ABB Product Profiles, Application and Specification
11.7.3 ABB HVAC Drives Market Performance (2018-2023)
11.8 General Electric
11.8.1 General Electric Basic Information
11.8.2 General Electric Product Profiles, Application and Specification
11.8.3 General Electric HVAC Drives Market Performance (2018-2023)
11.9 Emerson (Nidec)
11.9.1 Emerson (Nidec) Basic Information
11.9.2 Emerson (Nidec) Product Profiles, Application and Specification
11.9.3 Emerson (Nidec) HVAC Drives Market Performance (2018-2023)
11.10 Siemens
11.10.1 Siemens Basic Information
11.10.2 Siemens Product Profiles, Application and Specification
11.10.3 Siemens HVAC Drives Market Performance (2018-2023)
11.11 WEG SA
11.11.1 WEG SA Basic Information
11.11.2 WEG SA Product Profiles, Application and Specification
11.11.3 WEG SA HVAC Drives Market Performance (2018-2023)
11.12 Yaskawa
11.12.1 Yaskawa Basic Information
11.12.2 Yaskawa Product Profiles, Application and Specification
11.12.3 Yaskawa HVAC Drives Market Performance (2018-2023)
11.13 Fuji Electric
11.13.1 Fuji Electric Basic Information
11.13.2 Fuji Electric Product Profiles, Application and Specification
11.13.3 Fuji Electric HVAC Drives Market Performance (2018-2023)
12 Global HVAC Drives Market Forecast, By Type and Applications
12.1 Global HVAC Drives Market Forecast by Types (2023-2028)
12.1.1 Global HVAC Drives Market Forecast Sales and Market Share by Types (2023-2028)
12.1.2 Global HVAC Drives Market Forecast Revenue and Market Share by Types (2023-2028)
12.2 Global HVAC Drives Market Forecast by Applications (2023-2028)
12.2.1 Global HVAC Drives Market Forecast Consumption and Market Share by Applications (2023-2028)
12.2.2 Global HVAC Drives Market Forecast Revenue and Market Share by Applications (2023-2028)
13 Global HVAC Drives Market Forecast, By Regions
13.1 Global HVAC Drives Market Forecast Sales and Market Share by Regions (2023-2028)
13.2 Global HVAC Drives Market Forecast Revenue and Market Share by Regions (2023-2028)
13.3 North America HVAC Drives Market Forecast (2023-2028)
13.4 Europe HVAC Drives Market Forecast (2023-2028)
13.5 Asia-Pacific HVAC Drives Market Forecast (2023-2028)
13.6 Middle East and Africa HVAC Drives Market Forecast (2023-2028)
13.7 South America HVAC Drives Market Forecast (2023-2028)
14 Appendix
14.1 Methodology
14.2 Research Data Source
14.2.1 Secondary Data
14.2.2 Primary Data
14.2.3 Market Size Estimation
14.2.4 Legal Disclaimer
List of Tables and Figures
Table HVAC Drives Key Market Segments
Figure Global HVAC Drives Market Size and Growth Rate 2018-2028
Figure Channel Status of HVAC Drives
Table Market Driving Factors of HVAC Drives
Table Market Industry Constraints and Challenges of HVAC Drives
Figure Global COVID-19 Status
Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19
Table Global HVAC Drives Sales by Types (2018-2023)
Table Global HVAC Drives Sales Share by Types (2018-2023)
Table Global HVAC Drives Revenue ($) by Types (2018-2023)
Table Global HVAC Drives Revenue Share by Types (2018-2023)
Table Global HVAC Drives Price by Types (2018-2023)
Figure Global Below 10 KW Sales and Growth Rate (2018-2023)
Figure Global Below 10 KW Price (2018-2023)
Figure Global 10~100 KW Sales and Growth Rate (2018-2023)
Figure Global 10~100 KW Price (2018-2023)
Figure Global Above 100 KW Sales and Growth Rate (2018-2023)
Figure Global Above 100 KW Price (2018-2023)
Table Global HVAC Drives Consumption by Applications (2018-2023)
Table Global HVAC Drives Consumption Share by Applications (2018-2023)
Table Global HVAC Drives Revenue ($) by Applications (2018-2023)
Table Global HVAC Drives Revenue Share by Applications (2018-2023)
Figure Global Air Handling Units Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Cooling Towers Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Pumps Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global HVAC Drives Sales and Growth Rate (2018-2023)
Table Global HVAC Drives Sales by Regions (2018-2023)
Table Global HVAC Drives Sales Market Share by Regions (2018-2023)
Figure Global HVAC Drives Sales Market Share by Regions in 2022
Figure Global HVAC Drives Revenue and Growth Rate (2018-2023)
Table Global HVAC Drives Revenue by Regions (2018-2023)
Table Global HVAC Drives Revenue Market Share by Regions (2018-2023)
Figure Global HVAC Drives Revenue Market Share by Regions in 2022
Figure North America HVAC Drives Market Sales and Growth Rate (2018-2023)
Table North America HVAC Drives Sales by Countries (2018-2023)
Figure North America HVAC Drives Market Revenue ($) and Growth Rate (2018-2023)
Table North America HVAC Drives Revenue ($) by Countries (2018-2023)
Figure U.S. HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure U.S. HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Canada HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Canada HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Mexico HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Mexico HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure North America COVID-19 Status
Figure Europe HVAC Drives Market Sales and Growth Rate (2018-2023)
Table Europe HVAC Drives Sales by Countries (2018-2023)
Figure Europe HVAC Drives Market Revenue and Growth Rate (2018-2023)
Table Europe HVAC Drives Revenue by Countries (2018-2023)
Figure Germany HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Germany HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure United Kingdom HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure United Kingdom HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure France HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure France HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Italy HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Italy HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Spain HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Spain HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Russia HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Russia HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Europe COVID-19 Status
Figure Asia-Pacific HVAC Drives Market Sales and Growth Rate (2018-2023)
Table Asia-Pacific HVAC Drives Sales by Countries (2018-2023)
Figure Asia-Pacific HVAC Drives Market Revenue and Growth Rate (2018-2023)
Table Asia-Pacific HVAC Drives Revenue by Countries (2018-2023)
Figure China HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure China HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Japan HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Japan HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure South Korea HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure South Korea HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Australia HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Australia HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure India HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure India HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Asia Pacific COVID-19 Status
Figure Middle East and Africa HVAC Drives Market Sales and Growth Rate (2018-2023)
Table Middle East and Africa HVAC Drives Sales by Countries (2018-2023)
Figure Middle East and Africa HVAC Drives Market Revenue and Growth Rate (2018-2023)
Table Middle East and Africa HVAC Drives Revenue by Countries (2018-2023)
Figure Saudi Arabia HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Saudi Arabia HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure UAE HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure UAE HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Egypt HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Egypt HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure South Africa HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure South Africa HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure South America HVAC Drives Market Sales and Growth Rate (2018-2023)
Table South America HVAC Drives Sales by Countries (2018-2023)
Figure South America HVAC Drives Market Revenue and Growth Rate (2018-2023)
Table South America HVAC Drives Revenue by Countries (2018-2023)
Figure Brazil HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Brazil HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Argentina HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Argentina HVAC Drives Market Revenue and Growth Rate (2018-2023)
Figure Columbia HVAC Drives Market Sales and Growth Rate (2018-2023)
Figure Columbia HVAC Drives Market Revenue and Growth Rate (2018-2023)
Table Danfoss Drives Company Profile
Table Danfoss Drives Production, Value, Price, Gross Margin 2018-2023
Figure Danfoss Drives Production and Growth Rate
Figure Danfoss Drives Value ($) Market Share 2018-2023
Table Mitsubishi Electric Company Profile
Table Mitsubishi Electric Production, Value, Price, Gross Margin 2018-2023
Figure Mitsubishi Electric Production and Growth Rate
Figure Mitsubishi Electric Value ($) Market Share 2018-2023
Table Hitachi Company Profile
Table Hitachi Production, Value, Price, Gross Margin 2018-2023
Figure Hitachi Production and Growth Rate
Figure Hitachi Value ($) Market Share 2018-2023
Table Eaton Company Profile
Table Eaton Production, Value, Price, Gross Margin 2018-2023
Figure Eaton Production and Growth Rate
Figure Eaton Value ($) Market Share 2018-2023
Table Toshiba Company Profile
Table Toshiba Production, Value, Price, Gross Margin 2018-2023
Figure Toshiba Production and Growth Rate
Figure Toshiba Value ($) Market Share 2018-2023
Table Schneider Electric Company Profile
Table Schneider Electric Production, Value, Price, Gross Margin 2018-2023
Figure Schneider Electric Production and Growth Rate
Figure Schneider Electric Value ($) Market Share 2018-2023
Table ABB Company Profile
Table ABB Production, Value, Price, Gross Margin 2018-2023
Figure ABB Production and Growth Rate
Figure ABB Value ($) Market Share 2018-2023
Table General Electric Company Profile
Table General Electric Production, Value, Price, Gross Margin 2018-2023
Figure General Electric Production and Growth Rate
Figure General Electric Value ($) Market Share 2018-2023
Table Emerson (Nidec) Company Profile
Table Emerson (Nidec) Production, Value, Price, Gross Margin 2018-2023
Figure Emerson (Nidec) Production and Growth Rate
Figure Emerson (Nidec) Value ($) Market Share 2018-2023
Table Siemens Company Profile
Table Siemens Production, Value, Price, Gross Margin 2018-2023
Figure Siemens Production and Growth Rate
Figure Siemens Value ($) Market Share 2018-2023
Table WEG SA Company Profile
Table WEG SA Production, Value, Price, Gross Margin 2018-2023
Figure WEG SA Production and Growth Rate
Figure WEG SA Value ($) Market Share 2018-2023
Table Yaskawa Company Profile
Table Yaskawa Production, Value, Price, Gross Margin 2018-2023
Figure Yaskawa Production and Growth Rate
Figure Yaskawa Value ($) Market Share 2018-2023
Table Fuji Electric Company Profile
Table Fuji Electric Production, Value, Price, Gross Margin 2018-2023
Figure Fuji Electric Production and Growth Rate
Figure Fuji Electric Value ($) Market Share 2018-2023
Table Global HVAC Drives Market Forecast Sales by Types (2023-2028)
Table Global HVAC Drives Market Forecast Sales Share by Types (2023-2028)
Table Global HVAC Drives Market Forecast Revenue ($) by Types (2023-2028)
Table Global HVAC Drives Market Forecast Revenue Share by Types (2023-2028)
Table Global HVAC Drives Market Forecast Consumption by Applications (2023-2028)
Table Global HVAC Drives Market Forecast Consumption Share by Applications (2023-2028)
Table Global HVAC Drives Market Forecast Revenue ($) by Applications (2023-2028)
Table Global HVAC Drives Market Forecast Revenue Share by Applications (2023-2028)
Table Global HVAC Drives Market Forecast Sales by Regions (2023-2028)
Table Global HVAC Drives Market Forecast Sales Share by Regions (2023-2028)
Table Global HVAC Drives Market Forecast Revenue ($) by Regions (2023-2028)
Table Global HVAC Drives Market Forecast Revenue Share by Regions (2023-2028)
Figure North America Market Sales and Growth Rate Forecast (2023-2028)
Figure North America Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure Europe Market Sales and Growth Rate Forecast (2023-2028)
Figure Europe Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure Asia-Pacific Market Sales and Growth Rate Forecast (2023-2028)
Figure Asia-Pacific Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure Middle East and Africa Market Sales and Growth Rate Forecast (2023-2028)
Figure Middle East and Africa Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure South America Market Sales and Growth Rate Forecast (2023-2028)
Figure South America Market Revenue ($) and Growth Rate Forecast (2023-2028)
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