HVAC Market Benefits From Building Boom Rising competition is squeezing electric drive manufacturers' profit margins, especially with the rising demand for smaller and low-cost HVAC drives. The boom in the construction business has rippled into the heating, ventilation and air conditioning (HVAC) industry in Europe, which, in turn, has buoyed the electric drives market This is because HVAC accounts for nearly 10% of its total market revenue. New analysis from Frost and Sullivan Electric Drives Market in the European HVAC Industry, finds that the market earned revenues of US $292.5 million in 2007 and estimates this to reach US $456.5 million in 2014. The HVAC industry's status as one of the major consumers of electrical energy among industries in Europe and the recent hike in energy costs have compelled electric drive manufacturers to develop energy-efficient systems. The passing of standards and directives stressing energy conservation bolstered this development. However, the ...
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