Research objective

The purpose of the market research study conducted by the Rowelto Associates is to conduct a thorough analysis of the ‘HVAC Variable Frequency Drive Market’. It provides in depth knowledge and insights on the market size, revenue, various segmentation, growth drivers, restraining factors and regional presence of the industry. The report also covers various established and emerging start-ups and organizations performing in the industry. Thereby, the report provides a comparative analysis by providing the reader with various aspects of the markets in the report. Thus, the report provides a comparative analysis by providing the user various aspects of the markets.

The Global HVAC Variable Frequency Drive Market analysis report is the outcome of incessant efforts guided by knowledgeable forecasters, innovative analysts and brilliant researchers. With the specific and state-of-the-art information provided in this report, businesses can get idea about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product which is already present in the market. By providing an absolute overview of the market, HVAC Variable Frequency Drive Market report covers various aspects of market analysis, product definition, market segmentation, key developments, and the existing vendor landscape.

COVID 19 coverage

The report aims to cover how the ‘HVAC Variable Frequency Drive market’ was impacted by the global pandemic scenario and subsequent lockdown impositions in the first quarter of 2020. COVID has a major impact on the market in terms of sales as more than A% of Sales of units are hampered owing to disruption in transport capabilities of the manufacturers due to strict norms of lockdown and increasing safety concerns. Nationwide shutdown of industries and lack of available labor made it tough for the industries to keep going. The demand-supply imbalance, shortage of raw resources, and price volatility arose as a result of government-imposed lockdowns on many industries. With easing lockdowns, in subsequent months followed by relaxations, the supply finally started to meet the demand.

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HVAC Variable Frequency Drives Market Report Scope

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Players Covered in HVAC Variable Frequency Drive Market are,

• ABB Ltd.
• Siemens AG
• Schneider Electric SE
• Rockwell Automation Inc.
• Mitsubishi Electric Co.
• Yaskawa Electric Corporation
• Roman Manufacturing Inc.
• Danfoss
• Hammond Power Solutions
• Controlled Magnetics Inc.
• TCI LLC
• Badger Magnetics Inc.
• MGM Transformer Company
• L/C Magnetics

segmentation

The report covers all the types of segmentations ranging from Regional Segmentation, Geographical Segmentation, Segmentation by Product type, Segmentation by end-user industry, Segmentation by Application. Segmentation by Product, in 2022, the yy product segment had the highest revenue share of more than A%, and this dominance is projected to continue throughout the forecast period. The other alternative segment accounted for around B% of total sales. These segmentations have been prepared by extensive research on various parameters and conditions in different geographies and economic conditions.

HVAC Variable Frequency Drives Market Segmentation:

Global HVAC Variable Frequency Drive Market: Type Segment Analysis

Global HVAC Variable Frequency Drive Market: Application Segment Analysis

• residential
• Commercial
• Industrial

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Global HVAC Variable Frequency Drives Market Regional Outlook:

• North America (US, Canada, Mexico)
• Europe (UK, France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
• Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
• Latin America (Brazil, Rest of LA)
• Middle East And Africa(Turkey, GCC, Rest of Middle East)

Competitive Landscape

Competition has been growing for the HVAC Variable Frequency Drive industry as the supply and demand has been on an increasing trend sine past ZZ years. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. The report also mentions about the technical infrastructure, marketing and operational strategies and financial viability and strategy. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided

The report provides insights on the following pointers:

• Market Penetration: Provides comprehensive information on the market offered by the key players
• Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
• Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
• Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
• Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

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Rowelto provides high-quality market research services at a convenient cost. We are a global leader in market research, able to reach as many nations as feasible. We provide one-of-a-kind data collection services in various industries and ensure that our insights are unique and objective. We’ve assembled a global research unit and advisors familiar with your role, company, and sector.

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Low occupancy? Look At Variable Speed ​​HVAC

Coupled with the need to increase outdoor air into the building, lower occupancies may present a challenge to facilities teams.

By John Sheff
From the October 2021 Issue

It’s a bit of an understatement to say that the COVID-19 pandemic has changed the way we work. Many offices are either totally empty or operating at a fraction of their intended occupancy. Remote work, once thought of as a drag on productivity, has proven so successful that it’s likely here to stay in some capacity irrespective of the pandemic. And, as people slowly return to the office, those spaces are experiencing major changes in how they operate. More than 18 months into the pandemic, masking, social distancing, and vaccines are still effective ways to mitigate the virus’ spread, but facility managers and building owners are also investing in new hardware to help that effort. Adding upgraded air filtration systems and ultraviolet lighting are recommended, but the most important mitigation feature is increasing the supply of outdoor air in the building, which helps increase air flow and disperse virus particles in the air.

(PHOTO: ADOBE STOCK – DENISISMAGILOV)

This combination of fluctuating occupancy coupled with the need to increase the flow of outdoor air present facility managers and building owners with an unusual challenge: How to maintain a steady flow of air to properly ventilate a space that only a small number of people are using.

The vast majority of US offices utilizes constant speed HVAC systems to heat and cool their occupied spaces. Whether we’re talking about large commercial office buildings using chillers and boilers or low-rise office suites with rooftop units, these systems are by and large fixed speed, meaning they operate at either 100% or 0% capacity with nothing in between. Just like your home HVAC system, these systems turn on when they condition the space to thermostat’s set point and click off when that set point is reached. When the system is off there is no air flow occurring.

This worked in the pre-pandemic world because offices were mostly full, and ventilating beyond what building codes required was unnecessary. In the middle of a pandemic, however, it presents problems. These constant volume systems are designed to heat and cool during the hottest and coldest days of the year, which occur roughly 2% of the time. The other 98% of the time, the system is oversized. Bringing more outside air into the building, which then needs to be heated or cooled, drives up system usage and utility bills. Not to mention that this oversized system is operating more than usual to condition outside air and ventilate the building for only a handful of people. In this context it makes sense that even as office occupancies have cratered by 70% or more, energy use in those offices has decreased by just 25%, according to a recent Greentech Media article.

Variable speed technology, which is available in office applications large and small, provides some solutions to this unique set of challenges. Unlike constant speed systems, variable speed ones can run between 20% and 100% capacity, effectively matching HVAC load to the building’s actual demand. And, as opposed to the on/off operation method of their fixed-speed counterparts, variable speed systems operate continuously, providing a steady stream of conditioned air.

These two features of variable speed systems give facility managers distinct advantages during this pandemic. First, as people slowly return to the workplace and while future lockdowns are possible, the ability to ramp a system up and down depending on demand is vital.

Even if an office is totally empty, many leases require tenant spaces to be minimally conditioned at all times. Many HVAC systems, particularly hydronic ones involving water, require regular usage to avoid corrosion. Variable speed systems can be run continuously at lowered speeds to match low demand and maintain system usage. When more people return to the office, the system ramps up to meet their needs.

Second, since a variable speed system is continuously operating, even at a lowered rate, it is also continuously ventilating the space. Facility managers no longer need to increase systems operating hours to increase ventilation. They need only increase the flow of outdoor air, which the system conditions and moves around the space, or raise the system’s minimum speed to allow for more air flow.

Under normal circumstances, variable speed HVAC systems offer attractive paybacks and low total cost of ownership. During this pandemic, however, these next generation systems prove essential. They provide facility managers and owners with the flexibility needed to manage in this very uncertain time.

Sheff is director of public and industry affairs for Danfoss in North America. Previously, he was business development manager, leading cross-business initiatives within buildings. Before joining Danfoss, Sheff worked as an energy and sustainability policy analyst in the office of Maryland Governor Martin O’Malley before earning an MBA from the Robert H. Smith School of Business at the University of Maryland, College Park in 2014.

Do you have a comment? Share your thoughts in the Comments section below, or send an e-mail to the Editor at [email protected].

Check out all the recent HVAC Factor columns from Facility Executive magazine.

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