Virtual Reality is the fastest growing segment fueling the growth of the Large Cooling Fan Market

 The global Large Cooling Fan Market is estimated to be valued at US$ 7082.34 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The large cooling fan market consists of large fans designed for high airflow capacity and industrial cooling applications. They are used for heat dissipation purposes in industries such as automotive, food and beverage, HVAC, and IT and telecom. Their large impeller size allows them to circulate large volumes of air, providing effective cooling of equipment and machinery.

Market key trends:
One of the key trends in the large cooling fan market is the adoption of brushless DC motor technology. Brushless DC cooling fans provide various advantages such as high efficiency, robustness, lower noise levels, and longer operational life compared to conventional AC motors. The elimination of brushes and commutator from their design eliminates friction and sparking, reducing maintenance requirements. They also consume 30-50% less energy than shaded-pole or capacitor-start motors. As industries focus on minimizing energy costs and carbon footprint, the demand for highly efficient brushless DC cooling fans is growing.

Segment Analysis
The global large cooling fan market is segmented by design into axial fans, centrifugal fans, and others. The centrifugal fans segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. Centrifugal fans can generate more pressure than axial fans and are suitable for relatively high-static and low-volume applications. They are highly efficient and capable of moving large air volumes with lower power consumption.

Key Takeaways
The Global Large Cooling Fan Market Size is expected to witness high growth, exhibiting CAGR of 7.4% over the forecast period, due to increasing demand from industries such as automotive, power generation, construction, oil & gas, mining, and agriculture.

Regional analysis
North America dominated the global large cooling fan market in 2022 and is expected to remain the largest market during the forecast period. The growth in the region can be attributed to the presence of major industries such as oil & gas, mining, automotive, power generation, and construction. Asia Pacific is expected to be the fastest growing market for large cooling fans owing to rapid industrialization and infrastructure development in China and India.

Key players
Key players operating in the large cooling fan market are ebm-papst., ZIEHL-ABEGG, Inc., Horton Holding, Inc., Multi-Wing America, Inc., AEROVENT, Rosenberg Ventilatoren GmbH, and Delta Electronics, Inc. Large cooling fans manufacturers are focusing on new product launches to expand their footprint and meet growing demand from end-use industries. For instance, in February 2022, Rosenberg expanded its line of RX large cooling fans with the new RX5-4000-ECO model designed for industrial applications.

 

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Read more: https://www.ukwebwire.com/large-cooling-fan-market-size-analysis/

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