The AC electronically commutated (EC) centrifugal fans market is expected to grow from US$ 1,403.06 million in 2022 to US$ 1,979.65 million by 2030; it is estimated to record a CAGR of 4.7% from 2023 to 2030.
AC Electronically Commutated (EC) Centrifugal Fans Market Analyst Perspective:
The electronically commutated (EC) technology combines AC and DC voltages to achieve the most desired outcome. The EC runs on a DC voltage with a single-phase 230 V or three-phase 400 V AC supply. The non-rotating part of EC motors is extended to make room for an electronic printed circuit board (PCB), which includes power AC to DC transformation and controls. The EC electronics are different from frequency inverters, and they decide how the stator's motor phases are supplied with current (commutation), depending on the position, rotation direction, and default. EC motors (ECMs) need individual DC power supply, which leads to additional cost and complexity in applications. EC fans that could operate directly from AC mains incorporated with electronics became obtainable in the early 2000s. The electronics in EC fans transformed AC to DC, accomplished the commutation, and operated the fan speed by controlling the motor's power, generally with pulse-width modulation (PWM).
AC Electronically Commutated (EC) Centrifugal Fans Market Overview:
Various countries in the world are focusing on energy savings through the implementation of different strategies. The US Department of Energy (DOE) has verified that components in equipment and appliances and electric motor-driven systems account for ~25% of the primary energy consumption of residential and commercial sectors. Substituting current equipment with innovative energy-efficient motors results in a considerable drop in cost and energy usage. EC fans enable substantial power savings, offering airflow and cooling solutions for applications with better electrical efficiency requirements. This factor is anticipated to propel the global AC Electronically Commutated (EC) Centrifugal Fans market during the forecast period.
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AC Electronically Commutated (EC) Centrifugal Fans Market: Strategic Insights
Market Size Value in US$ 1,403.06 million in 2022 Market Size Value by US$ 1,979.65 million by 2030 Growth rate CAGR of 4.7% from 2023 to 2030 Forecast Period 2023-2030 Base Year 2022
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AC Electronically Commutated (EC) Centrifugal Fans Market: Strategic Insights
| Market Size Value in | US$ 1,403.06 million in 2022 |
| Market Size Value by | US$ 1,979.65 million by 2030 |
| Growth rate | CAGR of 4.7% from 2023 to 2030 |
| Forecast Period | 2023-2030 |
| Base Year | 2022 |
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AC Electronically Commutated (EC) Centrifugal Fans Market Restraint:
Rising Use of Smart Synchronous Permanent Magnet Motors to restrict Growth of AC Electronically Commutated (EC) Centrifugal Fans Market
Smart synchronous permanent magnet motors (SSPMMs) consume less energy and confer greater efficiency. Synchronous motors are used in robot actuators, ball mills, watches, record players, and turntables. The smart synchronous permanent magnet motors help skip the power conversion process after the motor is started, which leads to energy savings and efficiency hikes. SSPMMs eliminate the use of electronics and use a coil for any surge in line. Moreover, greater efficiency and lower power loss of the SSPMM reduce the operating temperature and increase the expected operation life.
Further, the market for smart synchronous permanent magnet motors often caters to different segments and applications. Smart synchronous permanent magnet motors find applications in various industries, including automotive, robotics, and industrial machinery, where high-performance motors are needed. Also, of SSPMMs excel in certain applications where high torque and power density are essential. Therefore, the surging use of SSPMMs restrains AC Electronically Commutated (EC) Centrifugal Fans market growth.
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AC Electronically Commutated (EC) Centrifugal Fans Market Segmental Analysis:
Based on application, the AC electronically commutated (EC) centrifugal fans market has been segmented into air conditioners, refrigerators, ventilation systems, electronic cabinets, and others. The air conditioners segment is expected to account for the largest AC electronically commutated (EC) centrifugal fans market share in 2023. Air conditioning provides faster speed because colder air is denser. Air-conditioning technology in the market is characterized by three main requirements that are energy efficiency, controllability for good load matching, and the adaptability to meet a wide range of customer needs. The EC motor operates quietly and efficiently even under part-load conditions. All fan control, programming, and monitoring typically needed throughout the air-conditioning industry are available through the integrated motor electronics that and can be operated via software and even accessed wirelessly.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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.
AC Electronically Commutated (EC) Centrifugal Fans Market Key Player Analysis:
The ac electronically commutated (EC) centrifugal fans market analysis consists of the players such as Rosenberg Ventilatoren GmbH; Ebm-papst; Delta Electronics; Ziehl-Abegg; Airtècnics; Hidria.; PBM Motor and Fan (suzhou)Co Ltd., Ltd.; Simx Ltd.; Shipox Inc; Regal Rexnord Corp; and Continental Fan are the top two players owing to the diversified product portfolio offered.
AC Electronically Commutated (EC) Centrifugal Fans Market Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the ac electronically commutated (EC) centrifugal fans market. A few recent key market developments are listed below:
- In 2020, Regal Rexonard Corporation announced the launch of Regal Perceptiv intelligence. Regal Perceptiv intelligence is a new way of using and interacting with Regal products and services. It is hardware, software, and “humanware.” Perceptiv intelligence is an interconnected matrix of smart, digital solutions that have the potential to empower customers when engaging with Regal to maximize equipment reliability and plant production.
- In 2019, Rosenberg Ventilatoren GmbH launched a new EC motor generation 3 which is 30% more powerful than generation 2. The integration of the new EC motor begins with free-wheeling wheels, axial fans, centrifugal fans and the ECFanGrid. It is likely to replace the Generation 2 motor in standard fans such as roof, box, and duct fans.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Diameter Size, Application, and Power Range
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Surging technological advancements is Impacting AC Electronically Commutated (EC) centrifugal fans anticipated to play a significant role in the investor ESG software market in the coming years.
The global AC Electronically Commutated (EC) centrifugal fans market was estimated to be US$ 1.40 billion in 2022 and is expected to grow at a CAGR of 4.7% during the forecast period 2023 - 2030.
The growing demand of electronically commutated fans and increasing inclination toward power savings are the major factors that propel the AC Electronically Commutated (EC) centrifugal fans market.
The incremental growth expected to be recorded for the AC Electronically Commutated (EC) centrifugal fans market during the forecast period is US$ 545.68 million.
The key players, holding majority shares, in AC Electronically Commutated (EC) centrifugal fans market includes Rosenberg Ventilatoren GmbH; Ebm-papst; Delta Electronics; Ziehl-Abegg; Airtècnics; Hidria.
The AC Electronically Commutated (EC) centrifugal fans market is expected to reach US$ 1.97 billion by 2030.
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 Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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