About Cooling Fan Motor
A cooling fan motor is a device which is used for dissipation of heat from almost all electronic devices which require some types of heat management modules in order to keep the temperature under control for their efficient performance. When the cooling fan motor is defective and stops working, the fan will also stop working. The cooling fan market is expected to grow too because of the rising industrial PC market, growing IoT devices demand, increasing adoption of advanced driver assistance systems (ADAS), rising home appliance industry, etc.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Cooling Fan Motor market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Baldor Electric Company (United States), Schneider Electric (France), Broan (United States), Fasco (United States) and Minebea Co., Ltd.(India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cooling Fan Motor market by Type (3 leads out ( 3 Wires), 4 leads out ( 3 Wires), 5 leads out ( 3 Wires) and 6 leads out ( 3 Wires)), Application (Car, Electrical Appliances and Machinery) and Region.
On the basis of geography, the market of Cooling Fan Motor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Cooling Fan Motor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Motor-Driven Household Appliances
Market Growth Drivers:
Growth in Automobile Production and Increased Use of Electric Appliances
Challenges:
Availability of Substitutes in the Market
Restraints:
Critical Designing of Cooling Fan Motors
Opportunities:
Huge Market Potential in Emerging Countries, Due to Increase in Automobile Industry and Rising Demand from Industrial PC Market and Home Appliance Industry
Market Leaders and their expansionary development strategies
In October 2022, Johnson Electric acquired Pendix GmbH, a well-established technology-driven market player in the e-bike industry. The acquisition expand the product portfolio.
Key Target Audience
Cooling Fan Motor Manufacturer, Supplier/Distributor, Raw MAterial Distributor, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.