BLDC Fan Market Size & Share, by Rotor Type (Inner, Outer); Fan Speed (<550 RPM, 551 - 3000 RPM, 3001 - 10000 RPM, >10000 RPM); End-user (Domestic, Commercial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Growth Drivers

• Growing Demand for Energy-Efficient Electrical Fans: Fans and blowers are used in various end user applications, ranging from ceiling fans for domestic use, to multiple blade fan of various sizes and dynamic air flow that are used in different industrial equipment for cooling and efficient air flow circulation. Increasing demand for modern equipment design that are energy efficient and are also compact in size, require sophisticated cooling system. BLDC fans are small in size and hence they are massively used in various equipment, especially in equipment which have sophisticated cooling processes. Moreover, BLDC fans are designed to deliver greater air flow at a low energy consumption rate, making it more efficient as compared to conventional fans. On the other hand, these fans are also smaller in size as compared to conventional fans and can be made to fit easily in sophisticated equipment where the focus on cooling is high, such as high-end personal computers, or communication server devices and other medical equipment.
• Increasing Disposable Income of Individuals: Modern ceiling fans for use in domestic purpose are designed to save energy and are provided with a tint of luxury for greater aesthetic value. Ceiling fans are widely used in low- and middle-income nations where individuals cannot afford air conditioning systems. Ceiling fans play a major role in these households. Increasing disposable income amongst individuals is thereby anticipated to raise the consumption of electrical appliances, such as ceiling fan, especially in moderate and temperate climate areas. Such factors are anticipated to drive the growth of the global BLDC fan market.

Challenges

• High End Product Cost and Lack of Product Awareness: BLDC fans which are used in domestic applications are priced comparatively high by displaying benefits of greater energy saving and energy efficiency. Individuals with low disposable income in under-developed and several developing nations, who cannot afford such high priced fans, is anticipated to restrict the sales of the product, and in turn hamper the growth of the market. Moreover, lack of product awareness amongst consumers worldwide is also anticipated to severely restrain the growth of the global BLDC fan market.