AC Electronically Commutated (EC) Centrifugal Fans Market Size, Share, Growth by 2030

The market for AC electronically commutated (EC) centrifugal fans is projected to expand from US$ 1.40 billion in 2022 to US$ 1.97 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030.

The consumer goods sector is vibrant, featuring established corporations alongside agile new entrants striving to establish a competitive edge in the industry. Centrifugal fans are recognized for their efficiency and versatility as air-moving devices. The increasing demand for consumer electronics and appliances is a significant factor driving the growth of the AC electronically commutated (EC) centrifugal fans market. This surge in consumer electronics sales is largely due to heightened household demand, evolving lifestyles, improved access to credit, and rising disposable incomes.

Incorporating AC electronically commutated (EC) centrifugal fans into consumer products can provide manufacturers with a distinct competitive advantage. By offering energy-efficient and high-performance cooling and ventilation solutions, companies can set themselves apart from their rivals. These fans not only enhance the attractiveness of products but also appeal to environmentally conscious consumers, potentially boosting sales and market share. Manufacturers can utilize the benefits of AC electronically commutated (EC) centrifugal fans to distinguish their offerings, gain a competitive edge, and tap into the increasing consumer focus on energy efficiency and sustainability.

Additionally, the advent of connectivity and the Internet of Things (IoT) has profoundly influenced the AC electronically commutated (EC) centrifugal fans market. Fan systems can now be integrated into comprehensive building management systems, facilitating centralized control, remote monitoring, and predictive maintenance. Connected centrifugal fans can relay data regarding fan speed, power consumption, and operational status, allowing users to optimize performance, troubleshoot problems, and make informed decisions. The integration of IoT enhances the efficiency, reliability, and management ease of fan systems, thus contributing to the growth of the AC electronically commutated (EC) centrifugal fans market.

Impact of the COVID-19 Pandemic on the North American AC Electronically Commutated (EC) Centrifugal Fans Market

North America stands as a crucial region for the adoption and advancement of new technologies, supported by favorable government policies aimed at fostering innovation and enhancing infrastructure capabilities. Consequently, any disruption in industrial growth is likely to adversely affect the region's economic development.

The COVID-19 pandemic led to business shutdowns and delays in procurement activities during the latter half of 2020, significantly impacting the growth of the AC electronically commutated (EC) centrifugal fans market. Additionally, the decline in GDP negatively influenced the growth rate of this market segment. The pandemic has disrupted operations throughout the value chain, affecting everything from supplier networks to manufacturing and customer delivery. However, in the coming years, the AC electronically commutated (EC) centrifugal fans market is anticipated to experience substantial growth opportunities as companies replace existing equipment with innovative energy-efficient motors, resulting in significant reductions in costs and energy consumption. Thus, the overall impact of COVID-19 on the AC electronically commutated (EC) centrifugal fans market in Europe is assessed as low to moderate.

The AC electronically commutated (EC) centrifugal fans market is categorized by power range into segments: Below 0.5kW, 0.5 to 3 kW, 3.1 to 5 kW, and Above 5 kW. The segment above 5 kW accounted for the largest market share in 2022, followed closely by the 3.1 to 5 kW segment. The 3.1-5 kW EC centrifugal fans are utilized in various industrial applications, including chemical processing, dust collection, drying, process cooling, and heating, with demand increasing due to the need for energy-saving devices. These fans are employed in numerous end-user applications, such as ventilation systems and electronic cabinets. With the support of Industry 4.0, which emphasizes energy efficiency, optimization of energy use, and reduction of carbon emissions, the demand for energy-efficient EC centrifugal fans is on the rise. Furthermore, the growing volume of data has led to an increased need for data centers to store, analyze, and process information. As data centers operate continuously, there is a pressing requirement for efficient and energy-saving cooling systems, such as the 3.1-5 kW EC centrifugal fans, which drives demand and propels the growth of the AC electronically commutated (EC) centrifugal fans market.

Key players in the AC electronically commutated (EC) centrifugal fans market include Rosenberg Ventilatoren GmbH, Ebm-papst, Delta Electronics, Ziehl-Abegg, Airt?cnics, Hidria, PBM Motor and Fan (Suzhou) Co. Ltd., Simx Ltd., Shipox Inc., Regal Rexnord Corp, and Continental Fan. These companies, along with several other significant players, were analyzed during this market research study.