Report : North America 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 5.0% CAGR, the North America AC Electronically Commutated (EC) Centrifugal Fans Market is speculated to be worth US$ 428.22 million by 2030, says Business Market Insights
According to Business Market Insights research, the North America AC electronically commutated (EC) centrifugal fans market was valued at US$ 305.34 million in 2023 and is expected to reach US$ 428.22 million by 2030, registering a CAGR of 5.0% from 2023 to 2030. Growing demand of electronically commutated fans and yield improvement and increasing inclination toward power savings are the critical factors attributed to the North America AC electronically commutated (EC) centrifugal fans market expansion.
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 North America 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. Additionally, AC motors have been used as a primary air driving force in HVAC applications that continually run at full power. The HVAC industry is witnessing significant growth 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 market significantly.
On the contrary, rising use of smart synchronous permanent magnet motors hurdles the growth of North America AC electronically commutated (EC) centrifugal fans market.
Based on diameter size, the North America AC electronically commutated (EC) centrifugal fans market is segmented into Below 250mm, 251mm-400mm, 401mm-550mm, and 551mm-700mm. The 251mm-400mm segment held 35.5% share of North America AC electronically commutated (EC) centrifugal fans market in 2023, amassing US$ 108.26 million. It is projected to garner US$ 154.17 million by 2030 to expand at 5.2% CAGR during 2023–2030.
Based on application, the North America AC electronically commutated (EC) centrifugal fans market is segmented into air conditioners, refrigerators, ventilation systems, electronic cabinets, and others. The air conditioners segment held 38.1% share of North America AC electronically commutated (EC) centrifugal fans market in 2023, amassing US$ 116.25 million. It is projected to garner US$ 171.83 million by 2030 to expand at 5.7% CAGR during 2023–2030.
Based on power range, the North America 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 35.9% share of North America AC electronically commutated (EC) centrifugal fans market in 2023, amassing US$ 109.59 million. It is projected to garner US$ 161.07 million by 2030 to expand at 5.7% CAGR during 2023–2030.
Based on country, the North America AC electronically commutated (EC) centrifugal fans market is segmented into the US, Canada, Mexico. Our regional analysis states that the US captured 76.9% share of North America AC electronically commutated (EC) centrifugal fans market in 2023. It was assessed at US$ 234.72 million in 2023 and is likely to hit US$ 333.67 million by 2030, exhibiting a CAGR of 5.2% during the forecast period.
Key players profiles in the North America AC electronically commutated (EC) centrifugal fans market report Continental Fan.; Delta Electronics Inc; ebm-papst; Hidria; Oriental Motor USA Corp.; Regal Rexnord Corp; Rosenberg Ventilatoren GmbH; Simx Ltd; and Ziehl-Abegg UK Ltd, among others.
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