Publication Month: Apr 2021 | Report Code: TIPRE00021094 | No. of Pages: 85 | Category: Electronics and Semiconductor | Status: Published
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific AC EC centrifugal fans market. The is expected to grow Asia Pacific AC EC centrifugal fans market at a good CAGR during the forecast period.
According to latest situation report from World Health Organization (WHO), the US, Brazil, India, Russia, South Africa, Spain, UK, Germany, and France among others are some of the worst affected countries due to COVID-19 outbreak. The COVID-19 crisis is affecting the industries worldwide and the economy is anticipated to take a worst hit in the year 2020 and likely in 2021 also.
The APAC region is hugely affected by a COVID-19, owing to a massive number of cases in China, the country is the most crucial manufacturer and industrial producer since it trades more manufacturing goods than any other country ; it is also a world leader in several types of goods. According to the Organization for Economic Co-operation and Development (OECD), the other major economies outside of China have also impacted by the pandemic, such as huge South Korea, India, Australia, and Japan, and are experiencing downward growth. Since the outbreak of COVID-19 across the Asia-Pacific, several countries have suffered heavily. China, Japan, South Korea, India, Hong Kong, and Taiwan are some of the countries that have incurred a huge loss. The manufacturing sectors in the countries mentioned above have been experiencing low production and a weak supply chain. However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighboring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period. Hence, the overall impact of COVID-19 on APAC region is low to moderate.
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Asia Pacific AC Electronically Commutated (EC) Centrifugal Fans Market Segmentation
Asia Pacific AC Electronically Commutated (EC) Centrifugal Fans Market – By Diameter Type
Asia Pacific AC Electronically Commutated (EC) Centrifugal Fans Market– By Application Type
Asia Pacific AC Electronically Commutated (EC) Centrifugal Fans Market – By Country
Asia Pacific AC Electronically Commutated (EC) Centrifugal Fans Market – By Company
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