BLDC Fan Market Trends

  • Report ID: 2526
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

BLDC Fan Market Trends

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.

BLDC Fan Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

8.1%

Base Year Market Size (2023)

USD 1.28 billion

Forecast Year Market Size (2036)

USD 3.52 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Richa Gupta


  • Report ID: 2526
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of BLDC fan is estimated at USD 1.36 billion.

BLDC Fan Market size was valued at USD 1.28 billion in 2023 and is likely to cross USD 3.52 billion by 2036, registering more than 8.1% CAGR during the forecast period i.e., between 2024-2036.

Asia Pacific industry is poised to dominate majority revenue share by 2036, as manufacturing of industrial electronic equipment are quite high in the region.

The major players in the market are AMETEK, Inc. Atomberg Technology Pvt. Ltd., Perfect Enterprises (Jupiter Fan), Versa Drives Private Limited, Nidec Corporation, MinebeaMitsumi Inc., Allied Motion, Inc., Maxon Motor AG, Orient Electric, Crompton Greaves Electricals Limited, and others.
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