Transparency Market Research delivers key insights on the global electronically commutated (EC) fans market. In terms of revenue, the global electronically commutated (EC) fans market is estimated to expand at a CAGR of 4.8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global electronically commutated (EC) fans market.
Companies are heavily investing in R&D to launch an exclusive collection of electronically commutated (EC) fans. Manufacturers are expanding their product lines to meet the increasing demand for electronically commutated (EC) fans. Moreover, the growing demand from the industrial segment is expected to boost the market during the forecast period.
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Electronically Commutated (EC) Fans Market: Key Segments
In terms of type, axial fans are expected to hold major share of the electronically commutated (EC) fans market, followed by centrifugal, mixed flow, and cross flow fans. The operating speed of axial fans is higher than centrifugal fans. Furthermore, axial fans are available in a compact design and offer a high volume of air as compared to other fans. All these factors are expected to boost their demand during the forecast period.
Based on mounting type, spider mounting electronically commutated fans are expected to dominate the market during the forecast period. However, despite holding major market share, the spider mounting type segment is expected to expand at a slow growth rate during the forecast period.
In terms of voltage, 110 VAC- 210 VAC electronically commutated fans is likely to be the highly sold motor across the globe from 2017 to 2031. This voltage range is preferred in different end-use industries for different applications such as cooling applications and others.
In terms of motor design, the external motor segment is expected to hold major share and expand at the fastest rate during the forecast period. Most electronic companies are replacing their existing fans with EC fans due to their controllability, efficiency, and cost-saving characteristics. This is expected to have a positive impact on the electronically commutated (EC) fans market in terms of motor design during the forecast period.
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Based on motor output power, the below 0.5 HP (~350W) segment is expected to hold dominant share in the global electronically commutated (EC) fans market at a maximum average value CAGR rate during the forecast period. This range of power is preferred throughout the market.
In terms of application, the global market is strongly dependent on the automotive industry, HVAC, and manufacturing industry among others. The future prospects of the above listed industries are intensely correlated to economic activity, especially in core sectors such as heating & ventilation, consumer electronics, etc.
Electronically Commutated (EC) Fans Market: Prominent Regions
The market in Asia Pacific is expected to expand at the highest CAGR and become an significant market for electronically commutated (EC) fans in terms of sales. The region has predominantly developing countries, which are witnessing growth in their industrial sector. Furthermore, various industries are shifting their manufacturing facilities to the Asia Pacific region. Therefore, the market in this region is anticipated to have the fastest growth rate throughout the forecast period. In the region, China is the largest Asian market for electronically commutated fans. Moreover, Europe is expected to be a prominent region in terms of electronically commutated (EC) fans sales during the forecast period.
As compared to other regions, the markets in Middle East & Africa and South America are expected to witness slower growth rate during the forecast period.
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Electronically Commutated (EC) Fans Market: Key Players
Key players operating in the global electronically commutated (EC) fans market are Airtècnics, Continental Fan, Delta Electronics, Inc., Ebm-papst, ECOFIT, Epec LLC., Heko Electronic (Suzhou) Co., Ltd., Hidria, Orion Fans, Rosenberg Ventilatoren GmbH, Systemair AB, Sunonwealth Electric Machine Industry Co. (Sunon), and Ziehl-Abegg SE, among others.
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