Global Market for Commercial Vehicle Fans & Blowers to Reach 13m Units by 2020 fueled by HVAC Demand and Anticipated Increase in Vehicle Production
Industry Experts unveiled the addition of a new market study on automotive fans and blowers to their market research offering. As per the report titled &ls quo;Global Commercial Vehicle Fans & Blowers Market - Medium Trucks, Heavy Trucks and Buses ‘, the consumption of fans and blowers to reach 13 million units by 2020 valued at US$4 billion. Fans are integral part of commercial vehicle thermal management systems such as engine radiator cooling and air-conditioner (A/C) condenser cooling. Demand for fans in commercial vehicle segment is closely correlated to the production of commercial vehicles. While mechanical fans dominate the commercial vehicle engine cooling applications, the electric fans are used in A/C condenser cooling such as those used in bus A/C systems. Volume consumption of fans in medium & heavy trucks, estimated at 5.7 million units in 2015, and expected to be 5.9 million units in 2016, is further projected to reach 6.8 million units by 2020 thereby exhib