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The light vehicle fans form the main component of engine cooling systems while blowers are the heart of the vehicle heating, ventilation, and air conditioning (HVAC) systems. The global demand for fans and blowers in light vehicles is directly correlated to the production of vehicles. The light vehicle fans in a vehicle provide constant cooling and ventilation for various components such as engine & electronics. As the internal combustion engine (ICE) generates gases at a very high temperature, due to the burning of fuel inside the combustion chamber owing to which a cooling mechanism is required to allow the functioning of the engine at normal temperature. The light vehicle fans allow the air to pass through the interior of the vehicle. Similarly, electrical systems such as the infotainment & air conditioning system are installed with condenser fans to maintain the desired temperature.
COVID-19 scenario analysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Some of the factors that boost the market growth include dashboard control light vehicles are vital for safety and an increase in demand for premium segment vehicles. However, high cost of the electric fan as compare to mechanical fans would hamper the demand for electrical automotive engine fan marketis anticipated to hamper the growth of the market. Furthermore, introduction of lightweight, temperature resistant, and stable cooling fans is anticipated to create an opportunity for the market investments.
The light vehicle fans markettrends are as follows:
Dashboard control light vehicles are vital for safety
Dashboard lights help display important vehicle parameters and warning signs. Lights control is vital for safety, as these display information like speed, engine heating, the door handles, center console, dashboard, footwells, and reserve. The need for lighting in dashboard controls is expected to be a major driver for the growth of the inside lighting market. Manufacturers of luxury vehicles, like Lincoln MKR, are incorporating interior lighting, like sidelights and footlights, which operate automatically when the door is opened.
Increase in demand for premium segment vehicles
The sales of premium segment vehicles are increasing as the lifestyles and preferences of costumer are enhancing with the increase in disposable income across the globe. To maintain a better position in the market premium automobile segment manufacturers are offering such technologies and features for a healthy competition with their competitors.
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Questions answered in the light vehicle fans market research report:
Key Market Segments
Key Market Players