South America AC Electronically Commutated (EC) Centrifugal Fans Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Diameter Size (Below 250mm, 251mm–400mm, 401mm–550mm, and 551mm–700mm) and Application (Air Conditioners, Refrigerators, Ventilation systems, Electronic Cabinets, and Others)
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The AC electronically commutated (EC) centrifugal fans market in South America is expected to grow from US$ 274.45 Mn in 2019 to US$ 362.77 Mn by 2027; it is estimated to grow at a CAGR of 4.4% from 2020 to 2027.
Brazil, Argentina are major economies in South America. Electronically commuted fans at high demand 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 South America 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 South America
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 AC EC centrifugal fans market. The is expected to grow South America AC EC centrifugal fans market at a good CAGR during the forecast period.
South America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner.
Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter and is expected to rebound once the pandemic is contained. Several countries in South America have been severely affected by the COVID-19 outbreak. Brazil has had the worst hit in the region, with the number of positive cases continuing to surge on a daily basis. The outbreak of COVID-19 has weakened the manufacturing volume and trade in Brazil and other countries in SOUTH AMERICA, which has a negative impact on the South America AC Electronically Commutated (EC) Centrifugal Fans market offerings. Hence, the overall impact of COVID-19 on South America region is moderate. Due to the shutdown of businesses and delay in procurement activities in the last six months of 2020, the market is significantly impacted. Moreover, due to the falling GDP, the market will have negative impact on the growth rate of South America AC Electronically Commutated (EC) Centrifugal Fans market. The COVID-19 crisis has drastically upended operations across the value chain, from supplier networks to the customer in manufacturing sector. The region has presence of several electronic component manufacturers, who cater advanced and innovative components for manufacturing AC Electronically Commutated (EC) Centrifugal Fans. Also, the region is equipped with several companies that offer complete AC Electronically Commutated (EC) Centrifugal Fans for the enterprises. The COVID-19 outbreak has severely affected these companies in production activities as well as supplying their products to their clients. However, in the coming years, the AC Electronically Commutated (EC) centrifugal fans market is expected to foresee significant growth opportunities owing to substituting current equipment with innovative energy-efficient motors results in considerable drop in cost and energy usage. Thus, the overall impact of COVID-19 on the European region is low to moderate.
South America AC Electronically Commutated (EC) Centrifugal Fans Market Segmentation
South America AC Electronically Commutated (EC) Centrifugal Fans Market – By Diameter Type
- Below 250mm
- 251mm-400mm
- 401mm-550mm
- 551mm-700mm
South America AC Electronically Commutated (EC) Centrifugal Fans Market– By Application Type
- Air Conditioners
- Refrigerators
- Ventilation systems
- Electronic Cabinets
- Others
South America AC Electronically Commutated (EC) Centrifugal Fans Market – By Country
- Brazil
- Argentina
- Rest of SOUTH AMERICA
South America AC Electronically Commutated (EC) Centrifugal Fans Market – By Company
- Delta Electronics
- Rosenberg Ventilatoren GmbH
- ZIEHL-ABEGG
- Ebm-Papst
- Regal Beloi
- t Corporation
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