Global Demand for Fans and Blowers in Light Vehicles to Reach 242 million units worth $39 billion by 2020

By Swapna Reddy -

Industry Experts has today relased the market research report on Fans and Blowers used in Passenger Cars and Light Commercial Vehicles. As per the new market report titled ‘Global Light Vehicle Fans & Blowers Market – Passenger Cars and Light Commercial Vehicles‘, Electric fans constitute the largest type of fan in terms of volume consumed in light vehicle engine cooling application globally, with an estimated 114 million units in 2015 is further expected to reach 134 million units by 2020.

Fans form the main component of engine cooling systems while blowers are heart of the vehicle HVAC systems. Global demand for fans and blowers in light vehicles is directly correlated to the production of vehicles. Light vehicles segment, which includes passenger cars and light commercial vehicles, constitute the largest segment of automotive vehicles produced on a worldwide basis estimated at 85.4 million units in 2015 and is projected to touch 100 million mark by 2020.

The segments of light vehicles covered in this report include both passenger cars and light commercial vehicles comprising Light Trucks, Mini Vans, Multi-Purpose Vehicles (MPVs), Compact MPVs, Sedans, Small Cars or Hatchbacks, Sports Utility Vehicles (SUVs), Compact SUVs and Vans. Global consumption of fans in light vehicles, estimated at 120 million units in 2015, is projected to reach 140 million units by 2020 at a CAGR of 3.2% over 2014-2020. On the other hand, the global volume consumption of blowers in light vehicles is expected to maintain a slightly better 3.5% CAGR during the above mentioned period and reach a projected 102 million units by 2020, owing to the increasing penetration of air conditioned vehicles in the light vehicles segment.

Light vehicle fan types analyzed in this study include both electric fans and mechanical fans along with their applications comprising engine cooling fans, comprising radiator cooling fans and air-conditioner condenser cooling fans. Light vehicle HVAC blower types analyzed in this report include single wheel blower and double wheel blower. The report focuses only on light vehicle original equipment manufacturer (OEM) fans and blowers market and does not include aftermarket fans and blowers.

The report reviews, analyses and projects the Light Vehicle Fans & Blowers market for the global and regional markets including Asia-Pacific, Europe, North America, South America and Rest of World. The regional markets further analyzed for 41 independent countries across Asia-Pacific – Australia, China, India, Indonesia, Japan, Korea, Malaysia, Pakistan, the Philippines, Taiwan and Thailand; Europe – Austria, Belarus, Belgium, Czech Republic, Finland, France, Germany, Hungary, Italy, the Netherlands, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden and the UK; North America – Canada, Mexico and the United States; South America – Argentina, Brazil and Venezuela; and Rest of World – Russia, South Africa, Turkey, Ukraine and Uzbekistan.

This 586 page market research report includes 858 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. The statistical tables represent the data for the global light vehicle fans & blowers market value in USD and volume in units by geographic region, vehicle segment and product segment. The report profiles 32 major market players across Asia-Pacific – 22; Europe – 6; and North America – 4. The research also provides the listing of the companies engaged in manufacturing and supply of light vehicle engine cooling fan modules, fans, HVAC systems and blowers. The global list of companies covers addresses, contact numbers and the website addresses of 328 companies.

Hyderabad, India based Industry Experts is a multi industry focused business information provider.

For more details, please visit http://industry-experts.com/verticals/automotive-transportation/global-light-vehicle-fans-and-blowers-market-passenger-cars-and-light-commercial-vehicles

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