For years, ceiling fans continue to use the same induction motor hardware, which typically requires 70–80 watts for a standard ceiling fan. However, over the past few years, a replacement technology known as BLDC has been used to make fans use less energy without significantly reducing air supply.
The term "brush-less direct-current motor" (BLDC) refers to a unique kind of motor that uses magnets rather than the electromagnets present in a traditional induction motor. Compared to induction motors, BLDC motors have the advantages of low electricity consumption, less noise, and longer life.
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The market for BLDC fans is expanding primarily due to the rising need for energy-efficient electrical fans, yet barriers to market expansion may include high-end product prices. The primary market drivers and consequent COVID-19 pandemic influence on the BLDC fan industry have been determined by NPCS analysis specialists after studying historical data. Determining completion goals and improving selling techniques to gain a competitive edge can be made easier with the help of a comprehensive analysis of the drivers.
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Market Size
From 2021 to 2026, it is predicted that the BLDC fan market share will increase to USD 1.10 billion and that the market will rise at a CAGR of 7.56%.
The global BLDC fan market is predicted to see a significant CAGR from 2020 to 2028. Due to the growing use of BLDC fans in numerous user applications, such as cooling systems, medical devices, laptop peripherals, robotics, and other areas, the market is segmented by the user into domestic and business segments. Out of these, the business phase is anticipated to hold the largest market share.
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The increasing need for small and compact DC fans in electrical instruments across many industry sectors is another reason that is projected to propel the growth of the company segment within the global BLDC fan market.
Machinery Required
A manufacturing plant requires machinery to make a BLDC motor. The BLDC motor has several parts, therefore, the machinery is also set up accordingly right from arranging inventory to processing and getting desirable output, some major machinery is required. Even if you are planning to set up a small plant, certain machinery is needed for high-quality production. For example, riveting machine, winding machine, punching machine, and fitting section machine.
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Market Challenges
One of the main issues impeding the growth of the BLDC fan market is the high cost of high-end products.
Due to the advantages of greater energy savings and efficiency, BLDC fans are expensive. Sales of the product are anticipated to be constrained by consumers in emerging and undeveloped nations who cannot afford such expensive fans.
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For example, BLDC fans have not succeeded in becoming more popular since Indian consumers are typically cost-conscious. They are more expensive than conventional fans, although some essential components are imported.
Two essential parts, the magnet and motor control, are mainly sourced from China. During the anticipated time, these factors can limit the growth of the BLDC fan market.
During the forecast period, APAC will account for 54% of market growth. The main markets in APAC for BLDC fans are China, India, and Japan. The market in this area will develop slower than the South America market.
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Conclusion
The Asia Pacific market is predicted to hold the biggest market share due to the existence of nations like China, Japan, Vietnam, and India, where the manufacture of industrial electronic equipment is high. Demand for BLDC fans in the commercial sector in these countries is likely to be high over the forecast period due to the need for cooling solutions for this industrial equipment.
NPCS is ready to prepare to the detailed report with market analysis, market size, plant layout, etc. to help you understand the requirements of opening a BLDC manufacturing plant. Feel free to contact us and get help from our officials today.
If you need information about BLDC Fan Manufacturing Business, then contact NPCS. The project report from Entrepreneur India enables you to choose a profitable project for investing in or diversifying into by shedding light on crucial areas including business size, the product's market potential, and the motivations behind investing in the product. By defining the target client organisation for the product, the study helps you promote and position it effectively.
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