Increasing adoption of novel technologies pertaining to ventilation and aeration in first world countries, rising awareness on indoor air quality and subsequent issuance of governmental regulations for making explosion proofing laws more stringent are deemed to drive the global AC-DC-EC market, according to impact analysis published in a market intelligence report released by IndustryARC. According to automation experts at IndustryARC, this market’s value in 2023 is projected to be $21.07 billion. Further analysis estimates the market to grow with a healthy compound annual growth rate (CAGR) of 4% during the forecast period of 2018-2023.
The report is titled, ‘AC-DC-EC Fans Market: By Motor (Type AC, DC, EC , Efficiency); By Size (60-100 mm, 100-150 mm, Others); By Fan Type (Axial Fans, Diagonal Fans, Centrifugal Fans, Tangential Fans, Others); By Air Flow (Axial, Centrifugal, Cross Flow, Mixed Flow); By Function (Refrigeration, Air-conditioning, Ventilation, Heating, Humidification, Condensation); By End-User (Consumer Electronics, General Distribution and Wholesale, Residential, Industrial and Mechanical, Telecom and Data Centers, Automotive Industry, Others) & By Geography – Forecast (2018-2023).’ Automation analysts have carefully assessed the market and presented all aspects of the market in this report through statistical facts and figures.
Global AC-DC-EC Fans Market: Leading Segments
Europe is a developed continent with most of its countries having already done paramount work in the fields of automation and instrumentation. The AC-DC-EC fans market is highly driven in this region owing to an educated and urbanized population in nearly all countries such as United Kingdom, Germany, France, Italy, and others. According to the report, a 0% inflation rate in the UK has been directly responsible for increased purchase of AC-DC-EC fans with maximum usage in household consumption. Since Germany is one of the world’s leading countries based on manufacturing and service sector, the demand for AC and DC fans is huge in this country. People of Germany are brand conscious and trust better brands for quality products. This is the reason why Germany has been vigorously importing AC and DC fans for its machines, providing impetus to the market.
Disruptive Trends And Impactful Market Forces
- 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 has 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.
- High Demand For ATEX and IECEx Certified Fans
The laws for usage of electrical equipment in industrial setups is becoming stringer day by day. Governments are coming up with stricter 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.
Global AC-DC-EC Fans Market: Competitive Landscape
Key market players operating in the AC-DC-EC market include NMB Technologies, Mechatronics Fan Group, Omron Corporation, Comair Rotron, Delta Electronics, Nidec Corporation, Orion Fans, Qualtek Electronic Corporation, Sanyo Denki Co Ltd, and Sunonwealth Electric Machine Industry Co Ltd.
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