Europe AC Electronically Commutated Centrifugal Fans Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Diameter Size and Application

The AC electronically commutated (EC) centrifugal fans market in Europe is expected to grow from US$ 479.37 million in 2019 to US$ 611.98 million by 2027; it is estimated to grow at a CAGR of 3.9% from 2020 to 2027. The surging inclination toward power savings bolsters the growth of the centrifugal fan industry. The Europe 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 Europe.

Based on application type, the air conditioners segment led the mineral insulated heating cables market in 2019. Air conditioning provides faster speed because colder air is denser. Air-conditioning technology in the market is characterized by three main requirements that are energy efficiency, controllability for good load matching, and the adaptability to meet a wide range of customer needs. The fan wheel is linked directly to an electric motor's shaft, which means that the fan wheel speed is the same as the motor's rotational speed. The EC motor operates quietly and efficiently even under part-load conditions. All fan control, programming, and monitoring typically needed throughout the air-conditioning industry are available through the integrated motor electronics that and can be operated via software and even accessed wirelessly. All these factors drive the AC electronically commutated (EC) centrifugal fans market in Europe.

The overall Europe 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 Europe 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 Europe AC EC (EC) Centrifugal Fans market. Delta Electronic, Rosenberg Ventilatoren GmbHZIEHL-ABEGG, Ebm-Papst, Hidria, Regal Beloit Corporation, PBM Motor, and Fan (Suzhou) Co. Ltd. are among the players operating in the market.

The impact of COVID-19 varied from country to country across the European region, as selected countries witnessed a surge in number of confirmed cases and subsequently attracted stringent as well as longer lockdown period or social isolation. The European economy is expected to shrink by 0.1%, with negative growth rate in first half of the year 2020, followed by mild recovery in the second half of 2020. Countries such as UK, Italy, and Germany are expected to have bigger impact on the economy. The travel bans, business shutdowns, and the lockdown phase in several European countries will have the significant negative impact on the Europe AC Electronically Commutated (EC) Centrifugal Fans market in the first half of year 2020. The factory shutdowns, and downturned economy is hampering the growth of the Europe AC Electronically Commutated (EC) Centrifugal Fans market as there was shutdown of production plants and scarcity of labors. Moreover, the lockdown phase has drastically affected the supply chain, which has further affected the companies to deploy the advanced components to enhance their business software. However, the market is expected to have significant growth in forecast period. Thus, the overall impact of COVID-19 on the European region is low to moderate.