Electronically Commutated (EC) Fan Market Size, Share, Competitive Landscape and Trend Analysis Report by Fan Type, Voltage Type and End-user Industry : Global Opportunity Analysis and Industry Forecast, 2021-2030

COVID-19 Impact Analysis

• The COVID-19 pandemic ceased the production of various products in the electronically commutated fans industry, which is attributed to the global lockdown. This hampered the growth of electronically commutated (EC) fans market from the last few months and is likely to continue during the first half of 2022.
• The major demand for electronically commutated (EC) fans was previously noticed from giant manufacturing Industry oriented countries, including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for electronically commutated (EC) fans.
• Further, long-term impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Electronically commutated (EC) fans manufacturers can afford a lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis
• Electronically commutated fans manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors

Due to rise in population and per capita income across the world, people are demanding new and better products to improve their quality of life. These products include HVAC systems and consumer electronics, thereby driving the demand and growth of electronically commutated fan market. Moreover, electronically commutated fans have lower operating cost, high durability, and low noise emission, as compared to similar sized AC and DC motors. This features are anticipated to boost the demand for EC fans. Additionally, the rapid development in the developing countries and adoption of energy efficient products is positively influencing the demand for electronically commutated fans. However, rise in cost of rare earth element such as dysprosium and neodymium which are used in the manufacturing of electronically commutated fans is one of the restraining factors hindering the growth of EC fan market. Contrarily, technological developments in electronically commutated motors such as use of Internet of Things (IoT) and Artificial Intelligence (AI) can not only boost the efficiency of the equipment, but can also assist in reducing the cost of operation. This is anticipated to create lucrative opportunities for the growth of electronically commutated (EC) fans market during the forecast period.

Market Trends

• New products that contain improved capabilities are launched by leading market players. They take the necessary steps to improve overall functionality. For instance, in June 2021, the Ebm-Papst Group headquartered in Mulfingen, Germany, launched new EC fans under the brand called RadiPac. These fans offer higher efficiency than the previous generation. This series contains newly designed impellers and EC motors that significantly reduces noise emission. The product launch has enhanced the product offerings by Ebm-Papst Group to sustain the competition in the electronically commutated fan market. 
• Similarly, competitors in the electronically commutated (EC) fans market adopted acquisition and merger as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in May 2019, IKOR based in Spain and the manufacturer of fans and motors, merged with Ebm-Papst Group. This move will help drive IKOR's sustainable growth strategy in all the markets of Ebm-Papst Group.
• Moreover, business expansion strategies assist in enhancing the geographic footprint of the company and help in gaining significant market share for electronically commutated fans. For instance, in April 2021, Eltek Australia Pty Ltd. and Delta Electronics (Australia) Pty Ltd. the major power electronics solutions providers, merged together to efficiently serve the Australian and New Zealand markets and increase the portfolio of their electronics products. 

Key Benefits of the Report

• This study presents the analytical depiction of the electronically commutated (EC) fans industry along with the current trends and future estimations to determine the future investment pockets.
• The report presents information related to key drivers, restraints, and opportunities, along with detailed analysis of the electronically commutated (EC) fans market share.
• The current market is quantitatively analyzed to highlight the electronically commutated (EC) fans market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed electronically commutated (EC) fans market analysis based on competitive intensity and how the competition will take shape in coming years.