Report : Asia Pacific AC Electronically Commutated (EC) Centrifugal Fans Market Forecast to 2030 - COVID-19 Impact and Regional 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 to 3 KW, 3.1 to 5 KW, and Above 5kW)
At 5.5% CAGR, the Asia Pacific AC Electronically Commutated (EC) Centrifugal Fans Market is speculated to be worth US$ 522.28 million by 2030, says Business Market Insights
According to Business Market Insights research, the Asia Pacific AC electronically commutated (EC) centrifugal fans market was valued at US$ 359.36 million in 2023 and is expected to reach US$ 522.28 million by 2030, registering a CAGR of 5.5% from 2023 to 2030. Rise in sales of consumer goods and yield improvement and surging technological advancements are the critical factors attributed to the Asia Pacific AC electronically commutated (EC) centrifugal fans market expansion.
The consumer goods market bustles with well-known corporate players and nimble new brands attempting to carve out the next great industry for competitive advantage. Centrifugal fans are among the most efficient and versatile pieces of air-moving equipment. Increasing use of consumer electronics and appliances generates outstanding sales opportunities in AC electronically commutated (EC) centrifugal fans market. Further, the growth in sales of consumer electronics can be attributed to increased demand from households, changing lifestyles of individuals, easier access to credit, and rising disposable incomes. Moreover, integrating AC EC centrifugal fans into consumer goods can give manufacturers a competitive advantage. They can differentiate themselves from competitors by offering products equipped with energy-efficient and high-performance cooling and ventilation systems. Centrifugal fans enhance product appeal, attract environmentally conscious consumers, and potentially increase sales and market share. Manufacturers can leverage the advantage of AC EC centrifugal fans to differentiate their products, gain a competitive edge, and capitalize on the growing consumer interest in energy efficiency and sustainability.
On the contrary, rising use of smart synchronous permanent magnet motors hurdles the growth of Asia Pacific AC electronically commutated (EC) centrifugal fans market.
Based on diameter size, the Asia Pacific AC electronically commutated (EC) centrifugal fans market is segmented into Below 250mm, 251mm-400mm, 401mm-550mm, and 551mm-700mm. The 251mm-400mm segment held 35.6% share of Asia Pacific AC electronically commutated (EC) centrifugal fans market in 2023, amassing US$ 127.96 million. It is projected to garner US$ 187.36 million by 2030 to expand at 5.6% CAGR during 2023–2030.
Based on application, the Asia Pacific AC electronically commutated (EC) centrifugal fans market is segmented into air conditioners, refrigerators, ventilation systems, electronic cabinets, and others. The air conditioners segment held 35.0% share of Asia Pacific AC electronically commutated (EC) centrifugal fans market in 2023, amassing US$ 125.82 million. It is projected to garner US$ 189.93 million by 2030 to expand at 6.1% CAGR during 2023–2030.
Based on power range, the Asia Pacific AC electronically commutated (EC) centrifugal fans market is below 0.5kW, 0.5 to 3 KW, 3.1 to 5 KW, and above 5kW. The above 5kW segment held 37.9% share of Asia Pacific AC electronically commutated (EC) centrifugal fans market in 2023, amassing US$ 136.09 million. It is projected to garner US$ 210.34 million by 2030 to expand at 6.4% CAGR during 2023–2030.
Based on country, the Asia Pacific AC electronically commutated (EC) centrifugal fans market is segmented into China, South Korea, Japan, Australia, India, and the Rest of Asia Pacific. Our regional analysis states that China captured 40.0% share of Asia Pacific AC electronically commutated (EC) centrifugal fans market in 2023. It was assessed at US$ 143.72 million in 2023 and is likely to hit US$ 214.12 million by 2030, exhibiting a CAGR of 5.9% during the forecast period.
Key players profiles in the Asia Pacific AC electronically commutated (EC) centrifugal fans market report Delta Electronics Inc; ebm-papst; Hidria; Oriental Motor USA Corp.; PBM Motor and Fan (suzhou) Co Ltd; Regal Rexnord Corp; Rosenberg Ventilatoren GmbH; Simx Ltd; and Ziehl-Abegg UK Ltd, among others.
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