Fortune Business Insights’ latest report, titled “HVAC Drive Market Size, Share & COVID-19 Impact Analysis, By Type (DC Drives, AC Drives, and Others), By Power Range (Less Than 10 KW, 10-100 KW and 101 and Above KW), By Application (Air Handling Units, Pumps, Cooling Towers and Others) and Regional Forecast, 2020-2027,” provides comprehensive insights for establishing a HVAC Drive manufacturing plant. The report covers industry performance, key success factors, risk factors, manufacturing requirements, project costs and economics, expected ROI, and profit margins. It combines desk research and qualitative primary research, making it an essential resource for entrepreneurs, investors, researchers, consultants, and business strategists planning to enter the HVAC Drive industry.
The market is projected to grow from USD 2.22 billion in 2020 to USD 2.69 billion in 2027 at a CAGR of 2.8% in the 2020-2027 period.
Key Industry Development:
March 2020: Danfoss Drives and its HVAC partner Digicon installed Danfoss VLT FC102 HVAC Drives in 30 Air Handling Unit Fan (AHU) applications at New College, North East England. The project was implemented to reduce energy consumption and maintain a healthy and comfortable environment.
August 2019 – Magneti Marelli S.p.A. announced a strategic partnership with Shanghai Highly (Group) Co., Ltd. (Highly). Both companies have also agreed to establish a joint venture to operate the Marelli HVAC business.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies – Strong/Active/Niche/Trivial
This study also covers company profiling, specifications and product picture, sales, market share and contact information of various regional, international and local vendors of HVAC Drive Market. The market proposition is frequently developing ahead with the rise in scientific innovation and MandA activities in the industry. Additionally, many local and regional vendors are offering specific application products for varied end-users. The new merchant applicants in the market are finding it hard to compete with the international vendors based on reliability, quality and modernism in technology.
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The HVAC Drive Market is expected to grow significantly over the forecast period between 2023 and 2027. In 2023, the market will grow steadily, and with the increasing adoption of strategies by the major players; the research study is expected to rise above the forecast horizon. The competitive analysis focuses on key players and the innovations and business strategies undertaken by them. The report captures the best long-term growth opportunities for the industry and includes the latest process and product developments.
1) Project Kick-off
Getting the research team on board
Discussing research objectives, timeline, and challenges
2) Desk Research
Developing Contact lists, questionnaires, and market models
Conducting Desk research through credible published sources to collect relevant qualitative & Quantitative Data in relation to the research objectives.
3) Primary Research
Conducting interviews with key opinion leaders(KOLs) and stakeholders to drive data in relation to the research objectives and validate market numbers estimates through market models and industry-leading research tools
4) Analysis & Report Writing
Analyzing the data sourced via desk and primary research and building reports, conclusions, and recommendations based on research objectives
North America (the USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
The HVAC Drive Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.
Global HVAC Drive Market -Segmentation by Geography
Middle East and Africa
Future Forecast of the Global HVAC Drive Market from 2027R
Future Forecast of the Global HVAC Drive Market from 2027R Segment by Region
Global Production and Growth Rate Forecast by Type 2027R
Global Consumption and Growth Rate Forecast by Application 2027R
Research Data Source
Fortune Business Insights™ Delivers Accurate Data and Innovative Corporate Analysis, Helping Organizations of All Sizes Make Appropriate Decisions. We Tailor Novel Solutions for Our Clients, Assisting Them in Address Various Challenges Distinct to Their Businesses. Our Aim Is to Empower Them with Holistic Market Intelligence, Providing A Granular Overview of the Market They Are Operating In.