Asia Pacific AC Electronically Commutated (EC) Centrifugal Fans Market to Grow at a CAGR of 4.8% to reach US$ 432.86Mn from 2020 to 2027

The AC electronically commutated (EC) centrifugal fans market in Asia Pacific is expected to grow from US$ 316.48 Mn in 2019 to US$ 432.86Mn by 2027; it is estimated to grow at a CAGR of 4.8% from 2020 to 2027.

China, South Korea, Japan, Australia, India, Rest of Asia Pacific are major economies in Asia Pacific. Rise in demand of Electronically commuted fans are the major factor driving the growth. AC motors have been in use as a primary air driving force in HVAC applications that continually run at full power. The continuously increasing demand for highly energy-efficient solutions with a premium range of operation possibilities has led to the development of EC motors. Since its development in the 1960s, the share of EC technology has grown steadily in the Asia Pacific AC EC (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 the EC technology as a new standard for motors. Moreover, minimum efficiency standards have been encouraging the move from AC to EC. Increasing standards push toward more efficient technology approximately every three years, and manufacturers must continue to improve to adhere to these regulations also bolstering the growth of the industry. Thus, the growth is expected to create a significant demand AC EC centrifugal fans in the coming years, which is further anticipated to drive the market in Asia Pacific

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

• Below 250mm
• 251mm-400mm
• 401mm-550mm
•  551mm-700mm

Asia Pacific AC Electronically Commutated (EC) Centrifugal Fans Market– By Application Type

• Air Conditioners
• Refrigerators
• Ventilation systems
• Electronic Cabinets
• Others

Asia Pacific AC Electronically Commutated (EC) Centrifugal Fans Market – By Country

• China
• South Korea
• Japan
• Australia
• India
• Rest of APAC

Asia Pacific AC Electronically Commutated (EC) Centrifugal Fans Market – By Company

• Delta Electronics
• Rosenberg Ventilatoren GmbH
• ZIEHL-ABEGG
• Ebm-Papst
• Hidria
• Regal Beloit Corporation
• Simx Limited
• PBM Motor and Fan (Suzhou) Co. Ltd.