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.
USA is the largest market segment of HVAC Drives, with a revenue market share nearly 28.65% in 2018, which has great market potential in the future. The second place is Europe; following USA with the market share over 24.91% in 2018. China is another important market of HVAC Drives.
According to this study, over the next five years the HVAC Drives market will register a 5.3% CAG
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