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