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BLDC Fan Market Value is Set to Grow by USD 1.10 Billion, Progressing at a CAGR of 7.56% from 2021 to 2026

NEW YORK, July 25, 2022 /PRNewswire/ -- The BLDC Fan Market is segmented by Geography (APAC, North America, Europe, South America, and the Middle East and Africa). 54% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the brushless direct current fan market in APAC. Market growth in this region will be slower than the growth of the market in South America. The increased need for cooling solutions for residential applications will facilitate the BLDC fan market growth in APAC over the forecast period. Moreover, the Y-OY- growth rate of 2022 for the BLDC fan market is estimated at 6.75%.

Technavio has announced its latest market research report titled BLDC Fan Market by End-user and Geography - Forecast and Analysis 2022-2026

For the current global market scenario and the overall industry environment. BROWSE SUMMARY OF THE RESEARCH REPORT

BLDC Fan Market: Growing Demand for Energy-efficient Electrical Fan to Drive Growth

  • Nowadays, fans and blowers are employed in a wide range of end-user applications from ceiling fans for home use to multiple blade fans of varying sizes and dynamic airflow utilized in diverse industrial equipment for cooling and effective airflow circulation.
  • Customers are looking for something that is both energy efficient and small that necessitates the use of a smart cooling system. Hence, BLDC fans are good to go.
  • BLDC fans are smaller than traditional fans and can be easily fitted into sophisticated equipment where cooling is a priority, such as high-end personal computers, communication server devices, and other medical equipment. Such factors are expected to drive the growth of the global BLDC fan market during the forecast period.

BLDC Fan Market: High-end Product Cost to Challenge Growth

  • BLDC fans, which are commonly used in household applications, are rather expensive due to the benefits of better energy savings and efficiency. Individuals with limited disposable income in underdeveloped and developing countries, who cannot afford such high-priced fans, are expected to limit the product's sales.
  • For instance, as Indian consumers are generally cost-sensitive, BLDC fans have failed to gain popularity. They are more expensive than traditional fans, but they also rely on imports for some crucial elements. 
  • Magnet and motor control are two crucial components that are primarily imported from China. Such factors may challenge the BLDC fan market growth during the forecast period.

For more insights on the latest drivers, trends, and challenges that will help companies evaluate and develop growth strategies. REQUEST SAMPLE REPORT (INCLUDING GRAPHS & TABLES) OF THIS MARKET

BLDC Fan Market: Segmentation Analysis

  • The BLDC fan market is segmented by End-user (commercial and residential). The market share growth by the commercial segment will be significant during the forecast period. 
  • The rising demand for tiny and compact DC fans in electrical equipment across various industry verticals is expected to drive the growth of the commercial segment. 
  • Moreover, the increasing demand for cooling systems across a wide range of applications, growing demand among various industries for advanced technological products that are more efficient and effective and consume less energy, and increased trade in fans across the world are expected to contribute significantly to the global BLDC fan market growth during the forecast period. 

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BLDC Fan Market: Vendor Landscape

  • Allied Motion Technologies Inc.
  • Atomberg Technologies Pvt. Ltd.
  • Brilltech Vayu
  • Crompton Greaves Consumer Electricals Ltd.
  • Fanimation Inc.
  • Fantasia Distribution Ltd.
  • Havells India Ltd.
  • Hunter Fan Co.
  • Kichler Lighting LLC
  • Luminance Brands LLC
  • MinebeaMitsumi Inc.
  • Minka Lighting Inc.
  • Nidec Corp.
  • OCECO ENERGY Pvt. Ltd.
  • Orient Electric Ltd.
  • Panasonic Holdings Corp.
  • Perfect Enterprises
  • Usha International Ltd.
  • Versa Drives Pvt Ltd.
  • Westinghouse Electric Corp.

The BLDC fan market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.

For detailed information on the production, sustainability, and prospects of the leading companies. READ SAMPLE REPORT OF THIS MARKET

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Electric Fan Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026: The market value is set to grow by USD 2.70 billion, progressing at a CAGR of 3.09% from 2021 to 2026, as per the latest report by Technavio. The ceiling fans segment accounts for the maximum share of the global electrical fans market. The increasing use of ceiling fans as decorative appliances (light fixtures) and the rising number of product innovations in the segment are among the major factors expected to drive the growth of the segment during the forecast period. FIND MORE RESEARCH INSIGHTS HERE

BLDC Fan Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.56%

Market growth 2022-2026

$ 1.10 billion

Market structure

Fragmented

YoY growth (%)

6.75

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 54%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Allied Motion Technologies Inc., Atomberg Technologies Pvt. Ltd., Brilltech Vayu, Crompton Greaves Consumer Electricals Ltd., Fanimation Inc., Fantasia Distribution Ltd., Havells India Ltd., Hunter Fan Co., Kichler Lighting LLC, Luminance Brands LLC, MinebeaMitsumi Inc., Minka Lighting Inc., Nidec Corp., OCECO ENERGY Pvt. Ltd., Orient Electric Ltd., Panasonic Holdings Corp., Perfect Enterprises, Usha International Ltd., Versa Drives Pvt Ltd., and Westinghouse Electric Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization preview

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Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Commercial - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Commercial - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
  • 5.4 Residential - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Residential - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Residential - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Residential - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by End-user
    • Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 China - Market size and forecast 2021-2026
    • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.9 US - Market size and forecast 2021-2026
    • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.10 India - Market size and forecast 2021-2026
    • Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.11 Japan - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.12 Germany - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Allied Motion Technologies Inc.
    • Exhibit 89: Allied Motion Technologies Inc. - Overview
    • Exhibit 90: Allied Motion Technologies Inc. - Product / Service
    • Exhibit 91: Allied Motion Technologies Inc. - Key offerings
  • 10.4 Atomberg Technologies Pvt. Ltd.
    • Exhibit 92: Atomberg Technologies Pvt. Ltd. - Overview
    • Exhibit 93: Atomberg Technologies Pvt. Ltd. - Product / Service
    • Exhibit 94: Atomberg Technologies Pvt. Ltd. - Key offerings
  • 10.5 Brilltech Vayu
    • Exhibit 95: Brilltech Vayu - Overview
    • Exhibit 96: Brilltech Vayu - Product / Service
    • Exhibit 97: Brilltech Vayu - Key offerings
  • 10.6 Crompton Greaves Consumer Electricals Ltd.
    • Exhibit 98: Crompton Greaves Consumer Electricals Ltd. - Overview
    • Exhibit 99: Crompton Greaves Consumer Electricals Ltd. - Business segments
    • Exhibit 100: Crompton Greaves Consumer Electricals Ltd. - Key offerings
    • Exhibit 101: Crompton Greaves Consumer Electricals Ltd. - Segment focus
  • 10.7 Fantasia Distribution Ltd.
    • Exhibit 102: Fantasia Distribution Ltd. - Overview
    • Exhibit 103: Fantasia Distribution Ltd. - Product / Service
    • Exhibit 104: Fantasia Distribution Ltd. - Key offerings
  • 10.8 Havells India Ltd.
    • Exhibit 105: Havells India Ltd. - Overview
    • Exhibit 106: Havells India Ltd. - Business segments
    • Exhibit 107: Havells India Ltd. - Key news
    • Exhibit 108: Havells India Ltd. - Key offerings
    • Exhibit 109: Havells India Ltd. - Segment focus
  • 10.9 OCECO ENERGY Pvt. Ltd.
    • Exhibit 110: OCECO ENERGY Pvt. Ltd. - Overview
    • Exhibit 111: OCECO ENERGY Pvt. Ltd. - Product / Service
    • Exhibit 112: OCECO ENERGY Pvt. Ltd. - Key offerings
  • 10.10 Orient Electric Ltd.
    • Exhibit 113: Orient Electric Ltd. - Overview
    • Exhibit 114: Orient Electric Ltd. - Business segments
    • Exhibit 115: Orient Electric Ltd. - Key news
    • Exhibit 116: Orient Electric Ltd. - Key offerings
    • Exhibit 117: Orient Electric Ltd. - Segment focus
  • 10.11 Perfect Enterprises
    • Exhibit 118: Perfect Enterprises - Overview
    • Exhibit 119: Perfect Enterprises - Product / Service
    • Exhibit 120: Perfect Enterprises - Key offerings
  • 10.12 Versa Drives Pvt Ltd.
    • Exhibit 121: Versa Drives Pvt Ltd. - Overview
    • Exhibit 122: Versa Drives Pvt Ltd. - Product / Service
    • Exhibit 123: Versa Drives Pvt Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 124: Inclusions checklist
    • Exhibit 125: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 126: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 127: Research methodology
    • Exhibit 128: Validation techniques employed for market sizing
    • Exhibit 129: Information sources
  • 11.5 List of abbreviations
    • Exhibit 130: List of abbreviations
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

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