Global HVAC Drive Market Growth 2025-2031

Product Code: 1280850

Industry: Machinery & Equipment

Published: Jan 13,2025

Pages: 122

Delivery Time: 2-3 business days

Global HVAC Drive Market Growth 2025-2031

Product Code: 1280850

Industry: Machinery & Equipment

Published: Jan 13,2025

Pages: 122

Delivery Time: 2-3 business days

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Description

The global HVAC Drive market size is predicted to grow from US$ 3464 million in 2025 to US$ 4637 million in 2031; it is expected to grow at a CAGR of 5.0% from 2025 to 2031.

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 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.

LP Information, Inc. (LPI) ' newest research report, the “HVAC Drive Industry Forecast” looks at past sales and reviews total world HVAC Drive sales in 2024, providing a comprehensive analysis by region and market sector of projected HVAC Drive sales for 2025 through 2031. With HVAC Drive sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world HVAC Drive industry.

This Insight Report provides a comprehensive analysis of the global HVAC Drive landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on HVAC Drive portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global HVAC Drive market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for HVAC Drive and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global HVAC Drive.

This report presents a comprehensive overview, market shares, and growth opportunities of HVAC Drive market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Below 10 KW
    10~100 KW
    Above 100 KW

Segmentation by Application:
    Air Handling Units
    Cooling Towers
    Pumps

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

    ABB
    Siemens
    Danfoss
    Schneider Electric
    Nidec
    Mitsubishi Electric
    Fuji Electric
    Hitachi
    Yaskawa
    Toshiba
    WEG SA
    Eaton
    Johnson Controls
    Daikin
    Trane

Key Questions Addressed in this Report
What is the 10-year outlook for the global HVAC Drive market?
What factors are driving HVAC Drive market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do HVAC Drive market opportunities vary by end market size?
How does HVAC Drive break out by Type, by Application?

List Of Tables

List of Tables
 Table 1. HVAC Drive Annual Sales CAGR by Geographic Region (2020, 2024 & 2031) & ($ millions)
 Table 2. HVAC Drive Annual Sales CAGR by Country/Region (2020, 2024 & 2031) & ($ millions)
 Table 3. Major Players of Below 10 KW
 Table 4. Major Players of 10~100 KW
 Table 5. Major Players of Above 100 KW
 Table 6. Global HVAC Drive Sales by Type (2020-2025) & (K Units)
 Table 7. Global HVAC Drive Sales Market Share by Type (2020-2025)
 Table 8. Global HVAC Drive Revenue by Type (2020-2025) & ($ million)
 Table 9. Global HVAC Drive Revenue Market Share by Type (2020-2025)
 Table 10. Global HVAC Drive Sale Price by Type (2020-2025) & (USD/Unit)
 Table 11. Global HVAC Drive Sale by Application (2020-2025) & (K Units)
 Table 12. Global HVAC Drive Sale Market Share by Application (2020-2025)
 Table 13. Global HVAC Drive Revenue by Application (2020-2025) & ($ million)
 Table 14. Global HVAC Drive Revenue Market Share by Application (2020-2025)
 Table 15. Global HVAC Drive Sale Price by Application (2020-2025) & (USD/Unit)
 Table 16. Global HVAC Drive Sales by Company (2020-2025) & (K Units)
 Table 17. Global HVAC Drive Sales Market Share by Company (2020-2025)
 Table 18. Global HVAC Drive Revenue by Company (2020-2025) & ($ millions)
 Table 19. Global HVAC Drive Revenue Market Share by Company (2020-2025)
 Table 20. Global HVAC Drive Sale Price by Company (2020-2025) & (USD/Unit)
 Table 21. Key Manufacturers HVAC Drive Producing Area Distribution and Sales Area
 Table 22. Players HVAC Drive Products Offered
 Table 23. HVAC Drive Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
 Table 24. New Products and Potential Entrants
 Table 25. Market M&A Activity & Strategy
 Table 26. Global HVAC Drive Sales by Geographic Region (2020-2025) & (K Units)
 Table 27. Global HVAC Drive Sales Market Share Geographic Region (2020-2025)
 Table 28. Global HVAC Drive Revenue by Geographic Region (2020-2025) & ($ millions)
 Table 29. Global HVAC Drive Revenue Market Share by Geographic Region (2020-2025)
 Table 30. Global HVAC Drive Sales by Country/Region (2020-2025) & (K Units)
 Table 31. Global HVAC Drive Sales Market Share by Country/Region (2020-2025)
 Table 32. Global HVAC Drive Revenue by Country/Region (2020-2025) & ($ millions)
 Table 33. Global HVAC Drive Revenue Market Share by Country/Region (2020-2025)
 Table 34. Americas HVAC Drive Sales by Country (2020-2025) & (K Units)
 Table 35. Americas HVAC Drive Sales Market Share by Country (2020-2025)
 Table 36. Americas HVAC Drive Revenue by Country (2020-2025) & ($ millions)
 Table 37. Americas HVAC Drive Sales by Type (2020-2025) & (K Units)
 Table 38. Americas HVAC Drive Sales by Application (2020-2025) & (K Units)
 Table 39. APAC HVAC Drive Sales by Region (2020-2025) & (K Units)
 Table 40. APAC HVAC Drive Sales Market Share by Region (2020-2025)
 Table 41. APAC HVAC Drive Revenue by Region (2020-2025) & ($ millions)
 Table 42. APAC HVAC Drive Sales by Type (2020-2025) & (K Units)
 Table 43. APAC HVAC Drive Sales by Application (2020-2025) & (K Units)
 Table 44. Europe HVAC Drive Sales by Country (2020-2025) & (K Units)
 Table 45. Europe HVAC Drive Revenue by Country (2020-2025) & ($ millions)
 Table 46. Europe HVAC Drive Sales by Type (2020-2025) & (K Units)
 Table 47. Europe HVAC Drive Sales by Application (2020-2025) & (K Units)
 Table 48. Middle East & Africa HVAC Drive Sales by Country (2020-2025) & (K Units)
 Table 49. Middle East & Africa HVAC Drive Revenue Market Share by Country (2020-2025)
 Table 50. Middle East & Africa HVAC Drive Sales by Type (2020-2025) & (K Units)
 Table 51. Middle East & Africa HVAC Drive Sales by Application (2020-2025) & (K Units)
 Table 52. Key Market Drivers & Growth Opportunities of HVAC Drive
 Table 53. Key Market Challenges & Risks of HVAC Drive
 Table 54. Key Industry Trends of HVAC Drive
 Table 55. HVAC Drive Raw Material
 Table 56. Key Suppliers of Raw Materials
 Table 57. HVAC Drive Distributors List
 Table 58. HVAC Drive Customer List
 Table 59. Global HVAC Drive Sales Forecast by Region (2026-2031) & (K Units)
 Table 60. Global HVAC Drive Revenue Forecast by Region (2026-2031) & ($ millions)
 Table 61. Americas HVAC Drive Sales Forecast by Country (2026-2031) & (K Units)
 Table 62. Americas HVAC Drive Annual Revenue Forecast by Country (2026-2031) & ($ millions)
 Table 63. APAC HVAC Drive Sales Forecast by Region (2026-2031) & (K Units)
 Table 64. APAC HVAC Drive Annual Revenue Forecast by Region (2026-2031) & ($ millions)
 Table 65. Europe HVAC Drive Sales Forecast by Country (2026-2031) & (K Units)
 Table 66. Europe HVAC Drive Revenue Forecast by Country (2026-2031) & ($ millions)
 Table 67. Middle East & Africa HVAC Drive Sales Forecast by Country (2026-2031) & (K Units)
 Table 68. Middle East & Africa HVAC Drive Revenue Forecast by Country (2026-2031) & ($ millions)
 Table 69. Global HVAC Drive Sales Forecast by Type (2026-2031) & (K Units)
 Table 70. Global HVAC Drive Revenue Forecast by Type (2026-2031) & ($ millions)
 Table 71. Global HVAC Drive Sales Forecast by Application (2026-2031) & (K Units)
 Table 72. Global HVAC Drive Revenue Forecast by Application (2026-2031) & ($ millions)
 Table 73. ABB Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 74. ABB HVAC Drive Product Portfolios and Specifications
 Table 75. ABB HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 76. ABB Main Business
 Table 77. ABB Latest Developments
 Table 78. Siemens Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 79. Siemens HVAC Drive Product Portfolios and Specifications
 Table 80. Siemens HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 81. Siemens Main Business
 Table 82. Siemens Latest Developments
 Table 83. Danfoss Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 84. Danfoss HVAC Drive Product Portfolios and Specifications
 Table 85. Danfoss HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 86. Danfoss Main Business
 Table 87. Danfoss Latest Developments
 Table 88. Schneider Electric Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 89. Schneider Electric HVAC Drive Product Portfolios and Specifications
 Table 90. Schneider Electric HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 91. Schneider Electric Main Business
 Table 92. Schneider Electric Latest Developments
 Table 93. Nidec Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 94. Nidec HVAC Drive Product Portfolios and Specifications
 Table 95. Nidec HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 96. Nidec Main Business
 Table 97. Nidec Latest Developments
 Table 98. Mitsubishi Electric Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 99. Mitsubishi Electric HVAC Drive Product Portfolios and Specifications
 Table 100. Mitsubishi Electric HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 101. Mitsubishi Electric Main Business
 Table 102. Mitsubishi Electric Latest Developments
 Table 103. Fuji Electric Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 104. Fuji Electric HVAC Drive Product Portfolios and Specifications
 Table 105. Fuji Electric HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 106. Fuji Electric Main Business
 Table 107. Fuji Electric Latest Developments
 Table 108. Hitachi Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 109. Hitachi HVAC Drive Product Portfolios and Specifications
 Table 110. Hitachi HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 111. Hitachi Main Business
 Table 112. Hitachi Latest Developments
 Table 113. Yaskawa Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 114. Yaskawa HVAC Drive Product Portfolios and Specifications
 Table 115. Yaskawa HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 116. Yaskawa Main Business
 Table 117. Yaskawa Latest Developments
 Table 118. Toshiba Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 119. Toshiba HVAC Drive Product Portfolios and Specifications
 Table 120. Toshiba HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 121. Toshiba Main Business
 Table 122. Toshiba Latest Developments
 Table 123. WEG SA Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 124. WEG SA HVAC Drive Product Portfolios and Specifications
 Table 125. WEG SA HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 126. WEG SA Main Business
 Table 127. WEG SA Latest Developments
 Table 128. Eaton Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 129. Eaton HVAC Drive Product Portfolios and Specifications
 Table 130. Eaton HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 131. Eaton Main Business
 Table 132. Eaton Latest Developments
 Table 133. Johnson Controls Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 134. Johnson Controls HVAC Drive Product Portfolios and Specifications
 Table 135. Johnson Controls HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 136. Johnson Controls Main Business
 Table 137. Johnson Controls Latest Developments
 Table 138. Daikin Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 139. Daikin HVAC Drive Product Portfolios and Specifications
 Table 140. Daikin HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 141. Daikin Main Business
 Table 142. Daikin Latest Developments
 Table 143. Trane Basic Information, HVAC Drive Manufacturing Base, Sales Area and Its Competitors
 Table 144. Trane HVAC Drive Product Portfolios and Specifications
 Table 145. Trane HVAC Drive Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 146. Trane Main Business
 Table 147. Trane Latest Developments


List of Figures
 Figure 1. Picture of HVAC Drive
 Figure 2. HVAC Drive Report Years Considered
 Figure 3. Research Objectives
 Figure 4. Research Methodology
 Figure 5. Research Process and Data Source
 Figure 6. Global HVAC Drive Sales Growth Rate 2020-2031 (K Units)
 Figure 7. Global HVAC Drive Revenue Growth Rate 2020-2031 ($ millions)
 Figure 8. HVAC Drive Sales by Geographic Region (2020, 2024 & 2031) & ($ millions)
 Figure 9. HVAC Drive Sales Market Share by Country/Region (2024)
 Figure 10. HVAC Drive Sales Market Share by Country/Region (2020, 2024 & 2031)
 Figure 11. Product Picture of Below 10 KW
 Figure 12. Product Picture of 10~100 KW
 Figure 13. Product Picture of Above 100 KW
 Figure 14. Global HVAC Drive Sales Market Share by Type in 2025
 Figure 15. Global HVAC Drive Revenue Market Share by Type (2020-2025)
 Figure 16. HVAC Drive Consumed in Air Handling Units
 Figure 17. Global HVAC Drive Market: Air Handling Units (2020-2025) & (K Units)
 Figure 18. HVAC Drive Consumed in Cooling Towers
 Figure 19. Global HVAC Drive Market: Cooling Towers (2020-2025) & (K Units)
 Figure 20. HVAC Drive Consumed in Pumps
 Figure 21. Global HVAC Drive Market: Pumps (2020-2025) & (K Units)
 Figure 22. Global HVAC Drive Sale Market Share by Application (2024)
 Figure 23. Global HVAC Drive Revenue Market Share by Application in 2025
 Figure 24. HVAC Drive Sales by Company in 2025 (K Units)
 Figure 25. Global HVAC Drive Sales Market Share by Company in 2025
 Figure 26. HVAC Drive Revenue by Company in 2025 ($ millions)
 Figure 27. Global HVAC Drive Revenue Market Share by Company in 2025
 Figure 28. Global HVAC Drive Sales Market Share by Geographic Region (2020-2025)
 Figure 29. Global HVAC Drive Revenue Market Share by Geographic Region in 2025
 Figure 30. Americas HVAC Drive Sales 2020-2025 (K Units)
 Figure 31. Americas HVAC Drive Revenue 2020-2025 ($ millions)
 Figure 32. APAC HVAC Drive Sales 2020-2025 (K Units)
 Figure 33. APAC HVAC Drive Revenue 2020-2025 ($ millions)
 Figure 34. Europe HVAC Drive Sales 2020-2025 (K Units)
 Figure 35. Europe HVAC Drive Revenue 2020-2025 ($ millions)
 Figure 36. Middle East & Africa HVAC Drive Sales 2020-2025 (K Units)
 Figure 37. Middle East & Africa HVAC Drive Revenue 2020-2025 ($ millions)
 Figure 38. Americas HVAC Drive Sales Market Share by Country in 2025
 Figure 39. Americas HVAC Drive Revenue Market Share by Country (2020-2025)
 Figure 40. Americas HVAC Drive Sales Market Share by Type (2020-2025)
 Figure 41. Americas HVAC Drive Sales Market Share by Application (2020-2025)
 Figure 42. United States HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 43. Canada HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 44. Mexico HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 45. Brazil HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 46. APAC HVAC Drive Sales Market Share by Region in 2025
 Figure 47. APAC HVAC Drive Revenue Market Share by Region (2020-2025)
 Figure 48. APAC HVAC Drive Sales Market Share by Type (2020-2025)
 Figure 49. APAC HVAC Drive Sales Market Share by Application (2020-2025)
 Figure 50. China HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 51. Japan HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 52. South Korea HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 53. Southeast Asia HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 54. India HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 55. Australia HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 56. China Taiwan HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 57. Europe HVAC Drive Sales Market Share by Country in 2025
 Figure 58. Europe HVAC Drive Revenue Market Share by Country (2020-2025)
 Figure 59. Europe HVAC Drive Sales Market Share by Type (2020-2025)
 Figure 60. Europe HVAC Drive Sales Market Share by Application (2020-2025)
 Figure 61. Germany HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 62. France HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 63. UK HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 64. Italy HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 65. Russia HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 66. Middle East & Africa HVAC Drive Sales Market Share by Country (2020-2025)
 Figure 67. Middle East & Africa HVAC Drive Sales Market Share by Type (2020-2025)
 Figure 68. Middle East & Africa HVAC Drive Sales Market Share by Application (2020-2025)
 Figure 69. Egypt HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 70. South Africa HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 71. Israel HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 72. Turkey HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 73. GCC Countries HVAC Drive Revenue Growth 2020-2025 ($ millions)
 Figure 74. Manufacturing Cost Structure Analysis of HVAC Drive in 2025
 Figure 75. Manufacturing Process Analysis of HVAC Drive
 Figure 76. Industry Chain Structure of HVAC Drive
 Figure 77. Channels of Distribution
 Figure 78. Global HVAC Drive Sales Market Forecast by Region (2026-2031)
 Figure 79. Global HVAC Drive Revenue Market Share Forecast by Region (2026-2031)
 Figure 80. Global HVAC Drive Sales Market Share Forecast by Type (2026-2031)
 Figure 81. Global HVAC Drive Revenue Market Share Forecast by Type (2026-2031)
 Figure 82. Global HVAC Drive Sales Market Share Forecast by Application (2026-2031)
 Figure 83. Global HVAC Drive Revenue Market Share Forecast by Application (2026-2031)

Companies Mentioned

ABB

Siemens

Danfoss

Schneider Electric

Nidec

Mitsubishi Electric

Fuji Electric

Hitachi

Yaskawa

Toshiba

WEG SA

Eaton

Johnson Controls

Daikin

Trane

Methodology

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

Data Sourse

Primary Source

Secondary Source

Players/Suppliers

Journals and Periodicals

Industry Experts

Government Bodies

Distributors/Traders

Annual Reports

Opinion Leaders

Presentations

Front-line Staff