HVAC Motor Market: New Research Report Analysis, And Forecast 2019 - 2027
HVAC Motor Market: Introduction According to a new market report pertaining to the global HVAC motor market published by Transparency Market Research the global HVAC motor market is anticipated to reach volume of 10,116 thousand units by 2027 . The HVAC motor market is projected to expand at a CAGR of ~ 4% from 2019 to 2027 in terms of sale. Growth of the HVAC motor market can be attributed to integration of smart technology into HVAC motors, which has triggered their demand globally. Over the forecast period, North America is anticipated to emerge as the leading HVAC motor market, followed by Europe and Asia Pacific. Rising Production of Automobiles Drives HVAC Motor Market The surge in demand for efficient machine control in the automotive industry due to extensive adoption of efficient HVAC motors is one of the important factors accelerating the demand for HVAC motors across the globe. Additionally, HVAC motors a...