The AC electronically commutated (EC) centrifugal fans market in Asia Pacific is expected to grow from US$ 316.48 million in 2019 to US$ 432.86 million by 2027; it is estimated to grow at a CAGR of 4.8% from 2020 to 2027. The surging inclination toward power savings bolsters the growth of the centrifugal fan industry. The Asia Pacific AC Electronically Commutated (EC) centrifugal fans market is experiencing significant growth owing to the growing emphasis on ensuring power savings. EC motors (ECMs) need individual DC power supply. EC fans enable substantial power savings, offering airflow and cooling solutions for applications with better electrical efficiency requirements. Appropriate fan selection is a key to any design. The designer considers both curves when selecting the best fan and operating point to optimize reliability and power usage. The designs of fans and their blade types affect power requirements and efficiency significantly. Thus, the increasing demand for energy efficiency in the manufacturing sector is boosting the demand for AC EC centrifugal fans in Asia Pacific.
The overall Asia Pacific AC EC (EC) Centrifugal Fans market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Asia Pacific AC EC (EC) Centrifugal Fans market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Asia Pacific AC EC (EC) Centrifugal Fans market. Delta Electronic, Rosenberg Ventilatoren GmbHZIEHL-ABEGG, Ebm-Papst, Hidria , Regal Beloit Corporation, Simx limited, PBM Motor, and Fan (Suzhou) Co. Ltd. are among the players operating in the market.
The APAC region is hugely affected by a COVID-19, owing to a massive number of cases in China, the country is the most crucial manufacturer and industrial producer since it trades more manufacturing goods than any other country ; it is also a world leader in several types of goods. According to the Organization for Economic Co-operation and Development (OECD), the other major economies outside of China have also impacted by the pandemic, such as huge South Korea, India, Australia, and Japan, and are experiencing downward growth. Since the outbreak of COVID-19 across the Asia-Pacific, several countries have suffered heavily. China, Japan, South Korea, India, Hong Kong, and Taiwan are some of the countries that have incurred a huge loss. The manufacturing sectors in the countries mentioned above have been experiencing low production and a weak supply chain. However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighboring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period. Hence, the overall impact of COVID-19 on APAC region is low to moderate.