Growing Demand of Electronically Commutated Fans Boosting AC Electronically Commutated (EC) Centrifugal Fans Market Growth
According to our latest study on “AC Electronically Commutated (EC) Centrifugal Fans Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Diameter Size, Application, and Power Range,” the market is projected to grow from US$ 1.40 billion in 2022 to US$ 1.97 billion by 2030; it is estimated to record a CAGR of 4.7% from 2023 to 2030.
The continuously increasing demand for high energy-efficient solutions with a premium range of operation possibilities has led to the development of electronically commutated (EC) motors. Since its development in the 1960s, the share of EC technology has grown steadily in the AC electronically commutated (EC) centrifugal fans market to replace the AC technology in several air movement applications. Due to substantial improvements in the energy efficiency of EC-based motor technology, many OEM product designers perceive EC technology as a new standard for motors. Further, minimum efficiency standards have encouraged moving from AC to EC.
AC Electronically Commutated (EC) Centrifugal Fans Market – by Region, 2022 and 2028
AC Electronically Commutated (EC) Centrifugal Fans Market Forecast to 2030 - Global Analysis by Diameter Size (Below 250mm, 251mm-400mm, 401mm–550mm, and 551mm-700mm), Application (Air Conditioners, Refrigerators, Ventilation systems, Electronic Cabinets, and Others), and Power Range (Below 0.5kW, 0.5–3kW, 3.1-5kW, and Above 5kW)
AC Electronically Commutated Centrifugal Fans Market Size Report & Overview 2023 to 2030
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Source: The Insight Partners Analysis
AC motors have also been used as a primary air driving force in HVAC applications that continually run at full power. The HVAC industry is witnessing significant growth globally due to expanding construction activities, increasing urbanization, and rising awareness of indoor air quality. AC EC centrifugal fans have extensive applications in HVAC systems, as they provide efficient air circulation, cooling, and ventilation. Further, the energy efficiency of EC fans leads to cost savings for end users. By consuming less electricity, EC fans also help reduce operational expenses, making them an attractive option for businesses and individuals looking to lower their energy bills over the long term. Thus, the aforementioned factors have increased demand for electronically commutated fans, driving the AC electronically commutated (EC) centrifugal fans market size significantly.
The AC electronically commutated (EC) centrifugal fans market is segmented into diameter size, application, and power range. By diameter size, the AC electronically commutated (EC) centrifugal fans market is segmented into below 250mm, 251mm–400mm, 401mm–550mm, and 551mm–700mm. Based on application, the global AC electronically commutated (EC) centrifugal fans market is classified into air conditioners, refrigerators, ventilation systems, electronic cabinets, and others. Based on power range, the global AC electronically commutated (EC) centrifugal fans market is classified into air conditioners, refrigerators, ventilation systems, electronic cabinets, and others. Geographically, the AC electronically commutated (EC) centrifugal fans market is segmented into North America, Europe, Asia Pacific, and Rest of World.
Impact of COVID-19 Pandemic on AC Electronically Commutated (EC) Centrifugal Fans Market Growth
A number of companies were focusing on automation systems to reduce their production costs before the COVID-19 outbreak. Unfortunately, companies faced critical cash flow issues and difficulties in progressing with the new projects related to the implementation of AC electronically commutated (EC) centrifugal fans in their factories during the pandemic. Several manufacturing companies halted their production, which collaterally damaged the supply chain and negatively impacted the AC electronically commutated (EC) centrifugal fans market size.
Rosenberg Ventilatoren GmbH; Ebm-papst; Delta Electronics; Ziehl-Abegg; Airtècnics; Hidria Movent.; PBM Motor and Fan (Suzhou)Co., Ltd.; Simx Limited.; Shipox Inc; Regal Rexonard Corporation; and Continental Fan are among the key players operating in the AC electronically commutated (EC) centrifugal fans market.
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