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NEW YORK, July 25, 2022 /PRNewswire/ — The BLDC Fan Market is segmented by Geography (APAC, North America, Europe, South Americaand the Middle East and Africa). 54% of the market’s growth will originate from APAC during the forecast period. China, Indiaand Japan are the key markets for the brushless direct current fan market in APAC. Market growth in this region will be slower than the growth of the market in South America. The increased need for cooling solutions for residential applications will facilitate the BLDC fan market growth in APAC over the forecast period. Moreover, the Y-OY- growth rate of 2022 for the BLDC fan market is estimated at 6.75%.
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BLDC Fan Market: Growing Demand for Energy-efficient Electrical Fan to Drive Growth
- Nowadays, fans and blowers are employed in a wide range of end-user applications from ceiling fans for home use to multiple blade fans of varying sizes and dynamic airflow utilized in diverse industrial equipment for cooling and effective airflow circulation.
- Customers are looking for something that is both energy efficient and small that necessitates the use of a smart cooling system. Hence, BLDC fans are good to go.
- BLDC fans are smaller than traditional fans and can be easily fitted into sophisticated equipment where cooling is a priority, such as high-end personal computers, communication server devices, and other medical equipment. Such factors are expected to drive the growth of the global BLDC fan market during the forecast period.
BLDC Fan Market: High-end Product Cost to Challenge Growth
- BLDC fans, which are commonly used in household applications, are rather expensive due to the benefits of better energy savings and efficiency. Individuals with limited disposable income in underdeveloped and developing countries, who cannot afford such high-priced fans, are expected to limit the product’s sales.
- For instance, as Indian consumers are generally cost-sensitive, BLDC fans have failed to gain popularity. They are more expensive than traditional fans, but they also rely on imports for some crucial elements.
- Magnet and motor control are two crucial components that are primarily imported from China. Such factors may challenge the BLDC fan market growth during the forecast period.
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BLDC Fan Market: Segmentation Analysis
- The BLDC fan market is segmented by End-user (commercial and residential). The market share growth by the commercial segment will be significant during the forecast period.
- The rising demand for tiny and compact DC fans in electrical equipment across various industry verticals is expected to drive the growth of the commercial segment.
- Moreover, the increasing demand for cooling systems across a wide range of applications, growing demand among various industries for advanced technological products that are more efficient and effective and consume less energy, and increased trade in fans across the world are expected to contribute significantly to the global BLDC fan market growth during the forecast period.
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BLDC Fan Market: Vendor Landscape
- Allied Motion Technologies Inc.
- Atomberg Technologies Pvt. Ltd.
- Brilltech Vayu
- Crompton Greaves Consumer Electricals Ltd.
- Fanimation Inc.
- Fantasia Distribution Ltd.
- Havells India Ltd.
- Hunter Fan Co.
- Kichler Lighting LLC
- Luminance Brands LLC
- MinebeaMitsumi Inc.
- Minka Lighting Inc.
- Nidec Corp.
- OCECO ENERGY Pvt. Ltd.
- Orient Electric Ltd.
- Panasonic Holdings Corp.
- Perfect Enterprises
- Usha International Ltd.
- Versa Drives Pvt Ltd.
- Westinghouse Electric Corp.
The BLDC fan market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.
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