BLDC Fan Market: Current Analysis and Forecast (2022-2028)

BLDC Fan Market: Current Analysis and Forecast (2022-2028)

The brushless DC fans (BLDC) also known as energy-saving fans are the type of ceiling fans that consume lower energy compared to their counterpart induction fans. The BLDC fans consist of the SMPS to convert the AC supply into a DC supply, a microcontroller to receive the input data, an inverter, and a motor. In recent times, BLDC fans witness significant demand owing to the need for higher efficiency and growing awareness for electricity conservation. Additionally, the BLDC fan contains a permanent magnet instead of the electromagnets in their induction motor and ensures less heat loss also, BLDC fans have no carbon brushes in the rotor & stator and reduces the overall maintenance cost. Further, BLDC fans produce lower friction and lower noise along with lower wear & tear resistance and are expected to register significant demand during the forecast period.

The BLDC Fan Market is expected to grow at a steady rate of around 8% owing to the increasing awareness for energy conservation around the world along with its growing adoption in electronic devices such as cooling systems, medical devices, robotics, and computer peripheral which in turn is deriving the market demand. Major companies in the market are focusing to provide BLDC fans with technologically advanced features along with new product launches, collaboration, and mergers & acquisitions. For instance, in September 2022, EESL launches five-star brushless DC fans with a sweep size of 1200 mm with a power input range from 28W-32W compared to the 70W-75W compared to the traditional fan under the UJALA program.

• 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 owing to higher work efficiency, lower power consumption, and higher speed. Also, the high power-to-weight ratio and spontaneous control over the RPM, and easy installation along with lower maintenance will propel the demand in the coming time. Additionally, the outer rotor BLDC fans offer higher torque, increased efficiency, and improved heat dissipation and are expected to support the growth.
• 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 the increasing incorporation of BLDC fans in the end-user industries application including healthcare, cooling system, robotics, and computer peripherals, among others. Additionally, the growing industrialization attributed to the growth in the manufacturing sectors, automotive sectors, electronic & semiconductors, and others will require an efficient cooling system to lower the overall heat and propel the demand during the forecast period.
• Based on the fan speed, the market is bifurcated into less than 500 RPM, 501-3000 RPM, 3001-10000 RPM, and more than 10000 RPM. The 501-3000 RPM segment witnessed significant growth during the forecast period owing to the higher energy efficiency and higher air flow rate. Additionally, 501-3000 RPM fans can work on solar energy as well and offer significant energy savings over the long term which is expected to propel the demand for the BLDC fans.
• For a better understanding of the market adoption of the BLDC fan industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the rising concern for the increase in the environmental temperature and the growing awareness for energy conservation along with the government support for the implementation of the cooling system for the industries in the region is expected to support the market growth. For instance, in the year 2019 India implemented India Cooling Action Plan to address the country’s cooling needs along with the reduction in the climate impact. Additionally, the increasing investment and increasing research & development activities in the region are expected to propel the market growth. For instance, in July 2022, Xiaomi introduced smart BLDC standing fans with a voice control feature.
• Some of the major players operating in the market include 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.