|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
140 Million
|
|
CAGR
(2023-2028)
|
5.5%
|
|
Fastest
Growing Segment
|
Air Conditioners
|
|
Largest
Market
|
Riyadh
|
Market Overview
Saudi
Arabia Electronically Commutated Fans Market has valued at USD 140 Million in 2022
and is anticipated to project robust growth in the forecast period with a CAGR
of 5.5% through 2028. The electronically commutated (EC) technology combines AC
and DC voltages to achieve the most desired outcome. The EC runs on a DC
voltage with a single-phase 230 V or three-phase 400 V AC supply. The
non-rotating part of EC motors is extended to make room for an electronic
printed circuit board (PCB), which includes power AC to DC transformation and
controls. The EC electronics are different from frequency inverters, and they
decide how the stator's motor phases are supplied with current (commutation),
depending on the position, rotation direction, and default. EC motors (ECMs)
need individual DC power supply, which leads to additional cost and complexity
in applications. EC fans that could operate directly from AC mains incorporated
with electronics became obtainable in the early 2000s. The electronics in EC
fans transformed AC to DC, accomplished the commutation, and operated the fan
speed by controlling the motor's power, generally with pulse-width modulation
(PWM). Various countries in
the world are focusing on energy savings through the implementation of
different strategies. The US Department of Energy (DOE) has verified that
components in equipment and appliances and electric motor-driven systems
account for ~25% of the primary energy consumption of residential and
commercial sectors. Substituting current equipment with innovative
energy-efficient motors results in a considerable drop in cost and energy
usage. EC fans enable substantial power savings, offering airflow and cooling
solutions for applications with better electrical efficiency requirements. This
factor is anticipated to propel the global AC Electronically Commutated (EC)
Centrifugal Fans market during the forecast period.
Key Market Drivers
Rising
Use of Smart Synchronous Permanent Magnet Motors to restrict Growth of AC
Electronically Commutated (EC) Centrifugal Fans Market
Smart
synchronous permanent magnet motors (SSPMMs) consume less energy and confer
greater efficiency. Synchronous motors are used in robot actuators, ball mills,
watches, record players, and turntables. The smart synchronous permanent magnet
motors help skip the power conversion process after the motor is started, which
leads to energy savings and efficiency hikes. SSPMMs eliminate the use of
electronics and use a coil for any surge in line. Moreover, greater efficiency
and lower power loss of the SSPMM reduce the operating temperature and increase
the expected operation life.Further, the market for smart synchronous permanent
magnet motors often caters to different segments and applications. Smart
synchronous permanent magnet motors find applications in various industries,
including automotive, robotics, and industrial machinery, where
high-performance motors are needed. Also, of SSPMMs excel in certain
applications where high torque and power density are essential. Therefore, the
surging use of SSPMMs restrains AC Electronically Commutated (EC) Centrifugal
Fans market growth.
An
electronically commutated (EC) fan design delivers the combined benefits of AC
and DC Fans. The EC fan's power comes from a brushless DC motor, but it offers
the control that AC induction fans have over the fan rotor through a printed
circuit board. The electronically commutated fan's DC motor has the advantage
of a variable speed control built-in. This report focus on Electronically
Commutated (EC) Centrifugal Fans market. Due to the COVID-19 pandemic, the
global Electronically Commutated (EC) Centrifugal Fans market size is estimated
to be worth USD million in 2022 and is forecast to a readjusted size of USD
million by 2028 with a CAGR of Percent during the forecast period 2022-2028.
Fully considering the economic change by this health crisis, Below 250mm
accounting for Percent of the Electronically Commutated (EC) Centrifugal Fans
global market in 2021, is projected to value USD million by 2028, growing at a
revised Percent CAGR from 2022 to 2028. While Air Conditioners segment is
altered to an Percent CAGR throughout this forecast period.
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Key Market Challenges
The
Saudi Arabian market for EC fans is buoyed by several factors:
Energy
Efficiency Focus: Saudi Arabia has embarked on an energy efficiency journey to
reduce its environmental footprint and energy consumption. EC fans align well
with these goals as they are more efficient than traditional fans, consuming
less energy for the same airflow.
Industrial
Growth: Saudi Arabia's growing industrial and manufacturing sectors require
efficient cooling and ventilation solutions. EC fans are ideal for these
applications, as they reduce electricity consumption and lower operational
costs Environmental regulations and sustainability initiatives in the country
have increased the demand for energy-efficient solutions. EC fans play a
significant role in meeting these requirements.
Government
Incentives: The Saudi government has introduced incentives and policies to
encourage the adoption of energy-efficient technologies. These incentives
stimulate the EC fan market's growth.
While
the EC fan market in Saudi Arabia holds significant potential, it also faces
several challenges that need to be addressed for sustainable growth. Let's
explore these challenges in detail: EC fans are more energy-efficient and offer
long-term savings, but their initial purchase cost is higher than that of
traditional fans. This upfront cost can be a significant barrier for potential
customers, especially in industries where budgets are tight.
Awareness
and Education:
Many
end-users in Saudi Arabia are not fully aware of the benefits and capabilities
of EC fans. Education and awareness programs are necessary to inform potential
customers about the long-term cost savings and environmental advantages of
these fans. There is a strong preference for traditional fans due to their
familiarity and lower initial costs. Convincing businesses and industries to
shift to EC fans can be challenging.
Lack
of Local Manufacturing:
Most
EC fans are imported, leading to longer lead times and potentially higher costs
due to shipping and import taxes. Encouraging local manufacturing of EC fans
could help alleviate these issues.
Customization
and Application Specificity:
Different
applications and industries have specific requirements for airflow, pressure,
and performance. Tailoring EC fan solutions to meet these specific needs can be
complex and time-consuming. EC fans are equipped with electronic components
that may require specialized maintenance and servicing. The availability of
trained technicians and maintenance expertise can be a challenge in some areas.
The market for energy-efficient technologies is competitive. Manufacturers of
EC fans must compete with various alternatives, including other
energy-efficient technologies and traditional fans.
Return
on Investment (ROI) Perception:
Despite
the long-term cost savings offered by EC fans, some businesses and industries
might perceive the payback period as too long. Demonstrating a more attractive
ROI is crucial to encourage adoption. Ensuring that imported EC fans meet Saudi
Arabia's regulatory standards can be challenging. Importers must navigate
compliance requirements and obtain necessary certifications. Economic
fluctuations, including changes in oil prices, can affect the willingness of
industries to invest in energy-efficient technologies. A downturn in the
economy might lead to a delay in such investments.
Supply
Chain Challenges:
The
COVID-19 pandemic has highlighted vulnerabilities in global supply chains. EC
fan manufacturers must navigate supply chain disruptions and secure a reliable
source of components.
The
intermittency of renewable energy sources, often used in conjunction with
energy-efficient technologies like EC fans, requires solutions for energy
storage and backup. Integrating these technologies effectively can be
challenging.
Conclusion:
The
Saudi Arabian EC fan market holds promise due to the country's growing focus on
energy efficiency, environmental sustainability, and the adoption of advanced
technologies. However, the market is not without its challenges. These
challenges include the initial cost barrier, the need for awareness and
education, a preference for traditional fans, and the absence of local
manufacturing. Overcoming these challenges will require concerted efforts from
manufacturers, industry stakeholders, and government authorities.
Addressing
these obstacles will be essential for the continued growth of the EC fan market
in Saudi Arabia. Educating potential customers about the long-term benefits,
incentivizing the adoption of energy-efficient technologies, and streamlining
import regulations are some of the.
Key Market Trends
Energy Efficiency
Prioritization: Saudi Arabia has established a strong emphasis on
energy efficiency to reduce energy consumption and environmental impact. EC
fans align perfectly with these goals, offering substantial energy savings
compared to traditional fan systems.
Industrial Expansion: The country's expanding
industrial and manufacturing sectors require efficient cooling and ventilation
solutions. EC fans are an ideal choice, as they not only reduce electricity
consumption but also lower operational costs.
Environmental Regulations: The
introduction of environmental regulations and sustainability initiatives in
Saudi Arabia has fueled the demand for energy-efficient technologies, including
EC fans. These fans are pivotal in addressing regulatory requirements and
reducing carbon footprints.
Government Initiatives: The Saudi government has
introduced incentives, policies, and awareness campaigns to promote the
adoption of energy-efficient technologies, supporting the growth of the EC fan
market.
Energy Efficiency
Regulations and Standards:
The Saudi Standards, Metrology, and Quality
Organization (SASO) has introduced energy efficiency labeling and standards for
various products, including fans. EC fans, being highly efficient, are
preferred to meet these requirements. Compliance with these regulations is a
major trend in the market.
Growth in HVAC Applications:
HVAC systems are one of the leading applications for
EC fans in Saudi Arabia. As the construction and real estate sectors expand,
the demand for energy-efficient HVAC systems using EC fans is on the rise.
These fans are crucial for maintaining indoor air quality while conserving
energy.
Data Centers and IT
Cooling:
Data centers and IT facilities in Saudi Arabia are
expanding rapidly, necessitating efficient cooling solutions. EC fans are vital
for ensuring temperature control and maintaining optimal conditions within data
centers, while also contributing to reduced operational costs.
Industrial Processes
Optimization:
Industries such as manufacturing, petrochemicals,
and food processing are adopting EC fans to optimize their cooling and
ventilation needs. Enhanced control and energy efficiency are vital for
sustaining industrial processes.
Retrofitting and Replacement:
There is a growing trend in retrofitting and
replacing traditional fans with EC fans in existing facilities. This practice
is driven by the desire to improve energy efficiency and reduce electricity
consumption without major infrastructure changes.
Variable Speed Control:
EC fans offer precise speed control, making them
ideal for applications where airflow needs to be adjusted according to demand.
This feature is particularly valuable in HVAC systems, where the ability to
match fan speed to load can result in substantial energy savings. The
integration of EC fans with BMS is becoming a standard practice for efficient
control, monitoring, and automation of building HVAC systems. This trend allows
for centralized management and real-time adjustments to fan performance.
Local Manufacturing and
Sourcing:
To address import-related challenges and reduce
costs, there is a growing interest in local manufacturing and sourcing of EC
fans. This trend aims to create a more reliable supply chain and stimulate
economic growth.
Customization and Application Expertise:
Customization of EC fan solutions to meet specific
application needs is increasingly in demand. Manufacturers and suppliers are
providing application-specific expertise to tailor EC fans to various
industrial and commercial applications.
IoT Integration and Smart
Controls:
IoT integration and smart controls are gaining
traction in the EC fan market. The ability to remotely monitor and control EC
fans is becoming a standard feature, enabling real-time adjustments and
predictive maintenance.
Segmental Insights
Application
Insights
The air
conditioner segment is expected to dominate the Saudi Arabian EC fans market
over the forecast period. In 2022, the air conditioner segment accounted for
over 60% of the total EC fan market in the country. This is driven by the hot
and humid climate in Saudi Arabia, which necessitates the use of air
conditioners in most buildings and homes.
Air
conditioner segment is dominating the market. Increasing demand for
energy-efficient and reliable cooling solutions: EC fans are more
energy-efficient than traditional AC fans, which is making them increasingly
popular in Saudi Arabia. Growing adoption of cloud computing and artificial
intelligence: Cloud computing and artificial intelligence are driving the
demand for data centers, which in turn is driving the demand for EC fans.
Government initiatives to promote
energy efficiency: The Saudi Arabian government is promoting energy efficiency
through various initiatives, such as the National Energy Efficiency Program.
This is expected to boost the demand for EC fans in the coming years. The Saudi Arabian company Haier is using
EC fans in its air conditioners to improve energy efficiency and reduce noise
levels. The Saudi Arabian company Gree Electric Appliances Inc. is using EC
fans in its air conditioners to provide better cooling performance and longer
lifespan. The Saudi Arabian
company Electrolux is using EC fans in its air conditioners to reduce energy
consumption and carbon emissions.
The
use of EC fans in air conditioners is expected to continue to grow in Saudi
Arabia in the coming years, driven by the benefits offered by EC fans, such as
energy efficiency, reliability, and low noise levels.
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Regional Insights
- The
Riyadh region is expected to account for the largest share of the market over
the forecast period. This is due to the high concentration of commercial and
industrial activities in the region.
- The
Eastern region is expected to be the fastest-growing region in the Saudi
Arabian EC fans market over the forecast period. This is due to the increasing
development of data centers and other industrial facilities in the region.
- The
Central region is expected to have a moderate share of the Saudi Arabian EC
fans market over the forecast period. This is due to the presence of a mix of
commercial, industrial, and residential activities in the region.
- Overall,
the Saudi Arabian EC fans market is expected to grow at a healthy CAGR over the
forecast period. The growth of the market is being driven by the increasing
demand for energy-efficient and reliable cooling solutions, the growing
adoption of cloud computing and artificial intelligence, and government
initiatives to promote energy efficiency.
Recent Developments
- In
June 2023, the Saudi Arabian company ACWA Power announced that it would invest
USD 1 billion in a new data center in Riyadh. The data center is expected to
use EC fans to cool its servers and other equipment.
- In
May 2023, the Saudi Arabian government announced that it would invest USD 2
billion in a new industrial park in Jeddah. The industrial park is expected to
attract a number of companies that manufacture EC fans and other cooling
solutions.
- In
April 2023, the Saudi Arabian company Haier announced that it would invest USD
500 million in a new manufacturing facility in Dammam. The manufacturing
facility is expected to produce EC fans and other cooling solutions for the
Saudi Arabian and regional markets..
Key Market Players
- Delta Electronics
- ebm-papst
- Ziehl-Abegg
- Rosenberg Ventilatoren GmbH
- Hidria d.o.o.
- Continental Fan
Manufacturing Inc.
- Airtècnics
- Oriental Motor USA
Corporation
- Regal Beloit Corporation
- PBM Motor and Fan (Suzhou)
Co. Ltd.
|
By
Diameter Size
|
By
Application
|
By Power Range
|
By Region
|
- Below 250mm
- 251mm-400mm
- 401mm–550mm
- and 551mm-700mm
|
- Air Conditioners
- Refrigerators
- Ventilation systems
- Electronic Cabinets
- Others
|
- Below 0.5kW
- 0.5–3k
- 3.1-5kW
- Above 5kW
|
- Riyadh
- Makkah
- Eastern Province
- Rest of Saudi Arabia
|
Report Scope:
In this report, the Saudi Arabia Electronically
Commutated Fans Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Saudi Arabia Electronically Commutated Fans Market,
By Diameter Size:
o Below 250mm
o 251mm-400mm
o 401mm–550mm
o and 551mm-700mm
- Saudi Arabia Electronically Commutated Fans Market,
By Application:
o Air Conditioners
o Refrigerators
o Ventilation systems
o Electronic Cabinets
o Others
- Saudi Arabia Electronically Commutated Fans Market,
By Power Range:
o Below 0.5kW
o 0.5–3k
o 3.1-5kW
o Above 5kW
- Saudi Arabia Electronically Commutated Fans Market,
By Region:
o Riyadh
o Makkah
o Eastern Province
o Rest of Saudi Arabia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Saudi
Arabia Electronically Commutated Fans Market.
Available Customizations:
Saudi Arabia Electronically Commutated Fans Market
report with the given market data, Tech Sci Research offers customizations
according to a company's specific needs. The following customization options
are available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Saudi Arabia Electronically Commutated Fans Market
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