BLDC Fan Market: Current Analysis and Forecast (2022-2028)
Emphasis on Rotor (Inner Rotor and Outer Rotor); End-users (Domestic and Commercial); Fan Speed (Below 500 RPM, 501-3000 RPM, 3001-10000 RPM, and More than 10000); and Region/Country
The BLDC Fan Market is valued at USD 1.12 billion in 2021 and is expected to grow at a CAGR of around 8% from 2022-2028.
The BLDC (Brushless DC) fan market has been experiencing significant growth in recent years, driven by factors such as increasing demand for energy-efficient appliances, advancements in technology, and rising awareness about environmental concerns. BLDC fans are widely used in various applications such as cooling systems for electronics, automotive, and aerospace industries, as well as in residential and commercial buildings. They offer numerous advantages over traditional AC (Alternating Current) fans, including higher efficiency, lower noise levels, longer lifespan, and better speed control. The demand for energy-efficient appliances has driven the growth of the BLDC fan market, as consumers look for ways to reduce their energy consumption and carbon footprint. In addition, increasing urbanization and industrialization in developing countries are expected to further boost the demand for BLDC fans in the coming years.
Sinox Power, Fanimation Inc., Orient Electric, Havells India Ltd., Luminance Brands LLC, Westinghouse Electric Corp., Brilltech Vayu, Fantasia Distribution Ltd., Crompton Greaves Consumer Electricals Ltd., and Minebea Mitsumi Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst rotor, outer rotor category to witness higher market growth during the forecast period”
Based on the rotor, the market is segmented into the inner rotor and outer rotor. The outer rotor segment is expected to witness significant market growth during the forecast period. An outer rotor BLDC fan is a type of brushless DC fan where the rotor, which is the rotating part of the motor, is located on the outside of the stator, which is the stationary part of the motor. This design allows for a larger rotor diameter and thinner stator, resulting in higher airflow and lower noise compared to inner rotor BLDC fans. Additionally, outer rotor BLDC fans are commonly used in HVAC (heating, ventilation, and air conditioning) systems, refrigeration equipment, and industrial machinery, where high airflow and low noise are important requirements. They are also used in high-performance computing systems, such as servers and data centers, to provide efficient cooling and prevent overheating.
“Amongst end-users, the commercial segment to hold a significant CAGR in the market in 2021.”
Based on the end-users, the market is bifurcated into the domestic and commercial segments. The commercial segment is expected to register significant CAGR during the forecast period owing to its higher energy efficiency compared to the traditional AC fans. Also, the lower noise and smart technology integration allows the commercialization of the BLDC fans in past few years. Also, several countries have introduced regulations to promote energy-efficient products and reduce carbon emissions. BLDC fans meet these requirements and are thus becoming a more popular choice in the commercial sector.
“Asia-Pacific to hold a significant share in the market”
In 2020, Asia-Pacific held a significant share of the global BLDC fan market. The growth in the Asia-Pacific BLDC fans is attributed to the rapid industrialization and growing construction industry. That has led to a rise in demand for fans, especially in commercial and residential buildings, where BLDC fans are becoming a popular choice due to their energy efficiency and noise reduction. Additionally, it is expected that rising investment and increasing R&D activity in the region will propel the demand for BLDC fans. For instance, in May 2022, Havells India launched a range of ECOACTIV energy-efficient models which are super-efficient BLDC fans. However, the initial higher purchasing cost compared to its counterpart product will hamper the market growth in developing economies. China is the largest market for BLDC fans in the Asia Pacific region, followed by India and Japan. The growth of the market in China is driven by the increasing demand for energy-efficient and smart home appliances, and government policies aimed at reducing energy consumption and promoting sustainable development. In India, the growth is attributed to the increasing demand for energy-efficient solutions in the residential and commercial sectors.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global BLDC fan market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the BLDC Fan Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global BLDC fan market were the three major steps undertaken to create and analyze the adoption of BLDC fans in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global BLDC fan market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the BLDC fan market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the BLDC fan market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as rotor, end users, and fan speed. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the BLDC fan market. Further, we conducted factor analysis using dependent and independent variables such as rotor, end users, and application of BLDC fans. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the BLDC fan market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global BLDC fan market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the BLDC fan market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global BLDC fan market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global BLDC fan market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the rotor, end-users, and fan speed in the global BLDC fan market.
The main objective of the Global BLDC Fan Market Study
The current & future market trends of the global BLDC fan market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the BLDC fan market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the rotor, end-users, and fan speed.
- Define and analysis of the regulatory framework for the BLDC fan
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the BLDC fan market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the BLDC fan market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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