North America Commercial Refrigeration Fans Market Segmentation By Material Type - Metal, Composites and Motor Technology - ECM Motor Technology, PSC Motor Technology
Industry: Industrial Automation
Published Date: September-2019
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 120
Report ID: PMRREP30441
Commercial refrigeration fans are fitted in refrigeration equipment to promote even air-flow and cooling throughout the cabinet. These fans are used to draw out hot air and ensure a supply of fresh air, which is cooled by the refrigerant pumped from the compressor.
Commercial refrigeration fans are powered through motors that draw power from an external power supply source of the refrigerating equipment. These fans come in different sizes to suit various requirements, and are found in several types of equipment including refrigerators and freezers, transport trucks, trailers, containers, beverage refrigerators, and display cases.
The increasing regulations enforced by environmental agencies are compelling industries to adopt energy-efficient commercial refrigeration equipment. For instance, the efforts made by Energy Star, Environmental Protection Agency, U.S. (EPA), and Department of Energy, U.S. (DOE) through voluntary programs, to support businesses and individuals with rebates, is encouraging the adoption of such equipment in industrial as well as commercial establishments.
The enforcement of a ban on refrigerants such as chlorofluorocarbons (CFCs), which are significantly contributing to climate change, is also a step to promote sustainability in the market. Electronically commutated motors that offer variable speed options in addition to being energy-efficient are mostly used in commercial refrigeration systems.
Electronically commutated motors are maintenance-free, as the number of moving parts in these motors is minimal. Furthermore, electronically commutated motors operate silently and are vibration-free. These are some of the key factors that are making OEMs adopt ECM motors to power commercial refrigeration fans.
OEMs are the major growth contributors when it comes to revenue generation. The considerable contribution of OEMs in driving the growth of the market is the low replacement rates of commercial refrigeration fans by consumers. This is primarily due to the long lifecycle of commercial refrigeration fans.
The refrigerators and freezers segment accounts for a significant share in the commercial refrigeration fans market in North America. The transportation refrigeration segment is expected to showcase rapid growth on account of the increasing requirement of food processing companies to strengthen their cold chain supply systems.
The North America commercial refrigeration fans market is relatively consolidated, and big players in the market have ~ 60-70% of the market share in North America. The barrier for entry in this market is high as it is capital intensive and hence, significant players have the upper-hand.
As a result, several small players are acquired by big companies. Moreover, changing government regulations mandate market players to innovate and make investments in the new product development.
Prominent manufacturers of commercial refrigeration fans in North America are currently diverting the majority of their yearly budget towards R&D and new product launches to keep pace with rapidly changing energy regulations and customer preference for light-weight equipment.
There is a need to ensure robust distribution systems and gain access to remote markets, which can boost the growth prospects in the highly competitive market.
Manufacturers of commercial refrigeration fans in North America are focusing on providing customized products to consumers to gain their trust and increase retention capacity.
Gaining access to remote markets in Mexico, is also one of the primary concerns of manufacturers, and this is making them look into inorganic growth strategies, which can enable rapid expansion and generate additional revenues in a long-term.
Key players operating in the North America commercial refrigeration fans market are Delta Electronics (Americas) Ltd., Regal Beloit Corporation, Continental Fan, Multi Wing America Inc., The New York Blower Company, EPEC LLC., QM Power, Ebm-papst, Revcor Airflow Solutions, East West Manufacturing, and Rosenberg USA.
A comprehensive view of the North America commercial refrigeration fans market has led our analysts to conclude that, the market is growing at an impressive rate, with the United States continuing to hold its dominance over the forecast period.
Mexico is also expected to contribute significantly to the growth of the commercial refrigeration fans market, on account of its steady GDP growth. In addition, the emergence of a large number of supermarkets and hypermarkets in Mexico is also expected to fuel the growth of the North America commercial refrigeration fans market. Consumer demand for lightweight fans is picking up traction owing to the availability of composite materials. The lower cost associated with the manufacture of composite material based fans is also one of the key factors which will lead to price reduction of commercial refrigeration fans. Further, the use of composite materials in fan fabrication brings about a significant reduction in the overall weight of commercial refrigeration fans.
Governmental regulations mandating the use of energy-efficient appliances is also resulting in the development of economical drive systems for commercial refrigeration fans. Electronically commutated motors have taken center stage and are slowly eroding the market share of permanent split capacitor motors which have higher energy and maintenance requirement.
It is expected that the burgeoning e-commerce industry which is making players like Amazon forge partnerships with local stores which sell perishable commodities / daily needs will also need to incorporate refrigerated vans within their delivery fleet. This is likely to lend wings to the long term growth prospects of the North America commercial refrigeration fans market.
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By Sales Channel |
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By Motor Technology |
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By Application |
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The report describes the North America commercial refrigeration fan market structure; macroeconomic factors that drive the market in North America; forecast factors that impact the market throughout the forecast period; regional weighted average pricing analysis; and an overview of the value chain, along with a list of stakeholders in the market involved in each stage of the value chain.
Each section of the report helps readers understand the value (US$ Mn) and volume (‘000 Units) forecast for the North America commercial refrigeration fans market on the basis of segments in North America.
The next section represents a summarized overview of the North America commercial refrigeration fans market based on the key countries considered in the study.
The market analysis segment overviews the weighted average pricing analysis, along with the market projection for every segment, which includes key insights, such as year-on-year (Y-o-Y) growth trends, market attractiveness, and incremental $ opportunity assessment.
The North America commercial refrigeration fans market is derived by acknowledging the current market scenario, growth aspects, macroeconomic factors, and forecast factors. The forecast presented in the section asses the total market size in terms of value as well as volume.
The final section includes a competitive landscape of the North America commercial refrigeration fans market, which includes a dashboard of key market players present in the value chain, their market presence, and differentiating strategies. Detailed profiles of companies have been covered under the scope of the report to evaluate growth strategies of North America commercial refrigeration fan manufacturers.
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