AC Electronically Commutated (EC) Centrifugal Fans Market is expected to reach US$ 1.97 billion by 2030

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.

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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 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.

The List of Companies - AC Electronically Commutated (EC) Centrifugal Fans Market:

Delta Electronics Inc
Ziehl-Abegg UK Ltd
Hidria
ebm-papst
Continental Fan
Oriental Motor USA Corp
Regal Rexnord Corp
Rosenberg Ventilatoren GmbH
Simx Ltd
PBM Motor and Fan (suzhou) Co Ltd

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.

AC Electronically Commutated (EC) Centrifugal Fans Market Regional Analysis:

The global AC electronically commutated (EC) centrifugal fans market is segmented into five major regions-North America, Europe, APAC, the MEA, and SAM. Europe led the market in 2022 and is anticipated to dominate the AC electronically commutated (EC) centrifugal fans market share during the forecast period. Several industries across APAC and North America are shifting their heavy manufacturing facilities to Europe to enhance their profit margins. The AC electronically commutated (EC) centrifugal fans market growth in APAC is mainly attributed to the increasing inclination toward power savings in various countries in the region. Further, EC fans are a preferred choice to attain energy efficiency in motors. EC fans and motors conforming to the European standard EN 60335-2-89 are the preferred choice of several commercial refrigeration manufacturers for applications involving the use of flammable refrigerants such as R290 (propane). Many electronic companies in Europe are replacing existing fans with EC fans because of their efficiency, controllability, and cost-saving characteristics. Various companies that provide electronically commutated (EC) fans adopted acquisition and merger as their key strategy to increase their geographical foothold and develop their product technologies. In May 2019, IKOR, a Spanish-based manufacturer of fans and motors, merged with Ebm-Papst Group. The Ebm-Papst Group, based in Mulfingen, Germany, has a workforce of 15,000 employees, 48 subsidiaries and sales offices, and 27 production sites. The company provides motors and fans for household appliances, ventilation, and telecommunications. This move will help drive IKOR's sustainable growth strategy in all the markets of Ebm-Papst Group.

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