China AC-DC-EC Market is expected to reach $2.4 billion by 2026 at a CAGR of 5.8% during the forecast period 2021-2026. These fans are employed to create a pressure differential to enhance the air flow in the system. The increase in commercial, residential and industrial infrastructures is set to drive the installation of HVAC systems thereby assisting the AC-DC & EC fan market. Moreover increasing concerns in the power consumption due to continuous operation of these tangential fans, the demand for energy efficient HVAC are increasing especially ‘electronically commuted’ fans featuring prominent service period, reduced energy consumption and electronic speed control. Furthermore demand for construction industry in and encouraging initiatives by government of china on aeration and ventilation are projected to boost the demand for AC-DC-EC fans in the forecast period 2021-2026.
China AC-DC-EC Fans Market Segment Analysis - By Fan Type
Cross Flow Fans are growing at a highest CAGR of 8.8% in the forecast period. This type of fan is different from others because the air enters in a perpendicular direction to the motor shaft, and it’s deflected by the fan blades and expelled. This types of Fans fan has many applications within the floor heaters, in pellet stoves or hoods, or in the “wall of air” that can encounter in entering some shops or malls. They are preferred for their low noise like the power, and then starred in workplaces and the homes.
Moreover Cross Flow tangential Fans are used as ventilation widely throughout the HVAC and electronics industries, cross flow fans produce an even laminar airflow to keep components from overheating. Cross flow fans deliver a fairly two-dimensional flow and can be mounted horizontally or vertically. On the other hand, this type of fan is commonly used in a variety of commercial and industrial applications. Hence these advantages are analysed to drive the market for Cross Flow Fans in the Forecast period 2021-2026.
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China AC-DC-EC Fans Market Segment Analysis - By End-user
Industrial sector in China AC-DC-EC market segment is growing at a CAGR of 9.1% in the forecast period. AC, DC & EC fans have become an indispensable part in the industrial locations such as production, manufacturing and processing industries where equipment cooling is of high priority for efficient operations. In industrial, AC, DC & EC fans are being used for the applications including HVAC machinery, office equipment, power supplies, automobiles, testing equipment and so on. In industrial locations, these fans are also being used for the numerous applications including combustion, ventilation, aeration, particulate transport, air-cleaning, drying and some other operations.
In addition, increasing emphasis on industrial automation, faster processing and cooling at smaller dimensions led to the rise in utilization of these fans in the end user industries and major players in this market have been focusing on the development of new products which occupy less floor space and efficient performance which is projected to drive the market growth over the forecast period.
China AC-DC-EC Fans Market Drivers
A Consistent Increase in Industrial Activities
With expanding urbanization, the world is gradually gravitating towards a perpetual increase in industrial production. Automation and deep learning have already slowly seeped its way into industries thus requiring a higher power from computer systems. This leads to quick heating and an automated solution for cooling down systems from getting excessively hot. Key market players have capitalized on this factor and given impetus to the AC-DC-EC fans market by capturing the demand and producing products in accordance with it. Hence these advantages are analyzed to drive the market in the forecast period 2021-2026.
High Demand For ATEX and IECEx Certified Fans
There has been a rising stringency of laws regarding usage of electrical equipment in danger zones in industrial sector. This has led to increasing demand for explosion proof equipment in the industrial sector. A number of companies have looked to upgrade their electrical equipment (including AC-DC fans) to utilize ATEX and IECEx certification. Thus the market for AC-DC fans in industrial sector is witnessing growth. Similarly, Chinese Government has made stringent regulations for utilizing equipment that is not hazardous to the environment or the place it is set up in. This has led to an increased demand for explosion-proof devices and machines which has disrupted the AC-DC-EC fans market and made key market players register for ATEX and IECEx certified fans.
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China AC-DC-EC Fans Challenges
High Installation and Maintenance Costs and High Power Consumption
Although the initial cost of purchase for an AC-DC fan is low, the significant maintenance and installation costs incurred have resulted in a lower demand for this product. The significant cost incurred from significant power consumption has also played in a role in constraining the growth of the market. These AC-DC fans typically consume comparatively more power than comparable ventilation systems, particularly for commercial sector. This has resulted in preference for other ventilation systems.
The lower energy efficiency of AC-DC fans has also resulted in a shift away from AC-DC fans to other ventilation Systems itself. However the improved efficiency of newer models of AC-DC such as airfoil and backward curved centrifugal fans will result in an increasing shift towards these fans in the forecast period.
China AC-DC-EC Fans Market Landscape
Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the China AC-DC-EC market. In 2020 the market of China AC-DC-EC industry outlook has been fragmented by several companies. China AC-DC-EC top 10 companies BF&M Technology Limited, Delta Electronics, Dongguan Renquan Electronics Technology Co., Ltd, Dongguan Your Way Electronics Co., Ltd, Dunli Group, Motec Electric Co., Ltd, Ningbo GP Motor Technolgy Co., Ltd, Ofan Electric Co., Ltd, Sanyo Denki Co.,Ltd, Sunonwealth Electric Machine Industry Co., Ltd, Systemair AB.
Acquisitions/Technology Launches
In June 2019, Rosenberg Launched a new Energy Saving EC Centrifugal Fan: DRAG. The DRAG fan brings EC technology, energy efficiency and speed control to our range of double inlet forward curved centrifugal fans. Due to the different positions available for the mounting stand and the DRAG’s compact design, it is very versatile even in confined spaces.
Key Takeaways
Cross Flow Fans are growing at a highest CAGR of 8.8% in the forecast period. This type of fan is different from others because the air enters in a perpendicular direction to the motor shaft, and it’s deflected by the fan blades and expelled.
Industrial sector in China AC-DC-EC market segment is growing at a CAGR of 9.1% in the forecast period. As these fans have become an indispensable part in the industrial locations such as production, manufacturing and processing industries where equipment cooling is of high priority for efficient operations.
Increasing emphasis on industrial automation, faster processing and cooling at smaller dimensions led to the rise in utilization of these fans in the end user industries and major players in this market have been focusing on the development of new products which occupy less.
China AC-DC-EC top 10 companies BF&M Technology Limited, Delta Electronics, Dongguan Renquan Electronics Technology Co., Ltd, Dongguan Your Way Electronics Co., Ltd, Dunli Group, Motec Electric Co., Ltd, Ningbo GP Motor Technolgy Co., Ltd, Ofan Electric Co., Ltd, Sanyo Denki Co.,Ltd, Sunonwealth Electric Machine Industry Co., Ltd, Systemair AB.
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