According to the latest research report titled “AC Electronically Commutated (EC) Centrifugal Fans Market Forecast to 2027 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market was valued at US$ 1,300.78 million in 2019 and is projected to reach US$ 1,687.70 million by 2027; it is expected to grow at a CAGR of 4.1% from 2020 to 2027.
APAC AC Electronically Commutated (EC) Centrifugal Fans Market to Grow at Highest CAGR during Forecast Period
The electronically commutated (EC) technology combines both AC and DC voltages, bringing the most excellent 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. For many years, EC motors (ECMs) needed individual DC power supply, leading 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).
Additionally, the APAC region is expected to grow at the highest CAGR of 4.8% during 2020-2027. Countries in the region are witnessing an upsurge in the middle-class population, along with rising urbanization, which offers ample opportunities to the key players in the AC electronically commutated (EC) centrifugal fans market. Rapid technological advances and policy support, as well as economic digitization and the middle-income class community's growing disposable income are among the factors that help the economy transition from developing to the developed phase. Moreover, Asia Pacific is the world's biggest consumer and machinery producer. Owing to the increasing disposable income and population growth, the market in Asia-Pacific is projected to grow at the highest growth rate than other areas during the forecast period. China and Japan are the hubs of AC EC centrifugal fans manufacturing. Also, India has emerged as a manufacturing hub. The 'Make in India' campaign places India on the world map as a manufacturing center and gives global recognition to the Indian economy. These factors are anticipated to propel the growth of the Asia Pacific AC EC centrifugal fans market during the forecast period. However, the COVID-19 outbreak has adversely affected the manufacturing sector in APAC. As the neighboring countries are linked to one another through trade relations and supply chain, the entire region is hindered due to the outbreak, which will have a significant impact on the Asia Pacific AC electronically commutated (EC) centrifugal fans market during the forecast period. Hence, the overall impact of COVID-19 pandemic on APAC region is low to moderate.
Key findings of study:
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 demand for EC fans during the forecast period. Several companies are replacing their existing fans with EC fans to leverage their controllability, efficiency, and cost-saving characteristics. Heating, ventilation, and air conditioning (HVAC) systems traditionally comprised AC fans, which are now being replaced by EC fans. The expansion of infrastructural facilities, growth of businesses in developing regions, need for electric vehicles due to environmental concerns, rise in consumer goods sales, and rapid growth in robotics are creating significant opportunities for the growth of the AC Electronically Commutated (EC) centrifugal fans market. 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 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.
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