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North America Commercial Refrigeration Fans Market

Market Study on North America Commercial Refrigeration Fans: Energy Efficiency Driving Innovations in the Refrigeration Sector

ID: PMRREP30441
Calendar

September 2019

120 Pages

Author : Satender Singh

Introduction

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.

Energy Efficiency and Eco-Friendly Refrigeration is the Key to Sustainability

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.

north america comercial refrigeration fans market

Significant Contribution by OEMs in the North America Commercial Refrigeration Fans Market Growth

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.

Usage of Refrigerators, Freezers, and Transportation Refrigeration Driving the Market Growth

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.

North America Commercial Refrigeration Fans Market – Market Strategy

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 in the North America Commercial Refrigeration Fans Market

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.

The Analyst’s Viewpoint

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.

North America Commercial Refrigeration Fans Market: Segmentation

Attribute Details

By Material Type

  • Metal
    • < 5”
    • 5” – 10”
    • 10” – 15”
    • > 15”
  • Composites
    • < 5”
    • 5” – 10”
    • 10” -15”
    • >15”

By Sales Channel

  • OEM’s
  • Aftermarket
    • Online
    • Offline

By Motor Technology

  • ECM
  • PSC
  • Others

By Application

  • Refrigerators & Freezers
  • Transportation Refrigeration
  • Beverage Refrigerators & Display Cases

By Country

  • US
  • Canada
  • Mexico

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.

Key Questions Answered in the North America Commercial Refrigeration Fans Market Report

  • How is the North America commercial refrigeration fans market expected to grow over the projected period?
  • What direction is the North America commercial refrigeration fans market expected to take in terms of volume and value during the forecast period?
  • What is the expected impact of macroeconomic factors on the North America commercial refrigeration fans market in the future?
  • What are the key factors driving the North America commercial refrigeration fans market?
  • What are the significant opportunities and improvement areas for manufacturers of commercial refrigeration fans in North America?
  • What are the key developments and trends taking place in the North America commercial refrigeration fans market?

Companies Covered in North America Commercial Refrigeration Fans Market

  • Regal Beloit Corporation
  • Delta Electronics (Americas) Ltd.
  • Continental Fan
  • New York Blower Company
  • Multi Wing America, Inc.
  • Epec LLC
  • QM power
  • East West Manufacturing
  • Ebm-papst
  • Revcor Airflow Solutions
  • Rosenberg USA

Related Reports

1. Executive Summary

    1.1. North America Market Outlook

    1.2. North America Market Overview

    1.3. Key Trends

        1.3.1. Demand Side Trends

        1.3.2. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Success Factors

    3.1. Product Adoption / Usage Analysis

    3.2. Product USPs

    3.3. Strategic Promotional Strategies

4. North America Commercial Refrigeration Fans Market Demand Analysis 2014-2018 and Forecast, 2019-2024

    4.1. Historical Market Volume (Units) Analysis, 2014-2018

    4.2. Current and Future Market Volume (Units) Projections, 2019-2024

    4.3. Y-o-Y Growth Trend Analysis

5. North America Commercial Refrigeration Fans Market - Pricing Analysis

    5.1. Average Pricing Analysis Benchmark by Country

6. North America Commercial Refrigeration Fans Market Value (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2024

    6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018

    6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2024

        6.2.1. Y-o-Y Growth Trend Analysis

        6.2.2. Absolute $ Opportunity Analysis

7. Market Background

    7.1. Macro-Economic Factors

        7.1.1. North America GDP Growth Outlook

        7.1.2. North America Electricity Consumption Forecast

        7.1.3. North America Per Capita GDP Forecast

        7.1.4. North America Electricity Production Mix

        7.1.5. United States Retail industry Scenario

    7.2. Forecast Factors - Relevance & Impact

        7.2.1. GDP Growth

        7.2.2. Governmental Regulations

        7.2.3. Technology Upgradation

        7.2.4. Retail Industry Growth

        7.2.5. Changing Lifestyle

    7.3. Value Chain

    7.4. Manufacturing Cost Teardown Analysis

    7.5. Market Dynamics

        7.5.1. Drivers

        7.5.2. Restraints

        7.5.3. Trends

        7.5.4. Opportunity Analysis

8. Market Entry Strategies

    8.1. Porter’s Five Forces Analysis

        8.1.1. Bargaining power of suppliers

        8.1.2. Threats of new entrants

        8.1.3. Threat of substitutes

        8.1.4. Bargaining power of buyers

        8.1.5. Intensity of competitive rivalry

    8.2. Market Barriers

    8.3. Government Regulation

9. North America Commercial Refrigeration Fans Market Analysis 2014-2018 Forecast 2019-2024, by Country

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Country,2014 - 2018

    9.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Country, 2019-2024

        9.3.1. U.S.

        9.3.2. Canada

        9.3.3. Mexico

    9.4. Market Attractiveness Analysis By Country

10. North America Commercial Refrigeration Fans Market Analysis 2014-2018 and Forecast 2019-2024, by Material

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Material,2014 - 2018

    10.3. Current and Future Market Size (US$ Mn) and Volume (Units)Analysis and Forecast By Material, 2019 - 2029

        10.3.1. Metal

            10.3.1.1. < 5”

            10.3.1.2. 5” - 10”

            10.3.1.3. 10” - 15”

            10.3.1.4. >15”

        10.3.2. Composite

            10.3.2.1. <5”

            10.3.2.2. 5” - 10”

            10.3.2.3. 10” - 15”

            10.3.2.4. >15”

    10.4. Market Attractiveness Analysis By Material

11. North America Commercial Refrigeration Fans Market Analysis 2014-2018 and Forecast 2019-2024, by Sales Channel

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Sales Channel, 2014 - 2018

    11.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Sales Channel, 2019 - 2014

        11.3.1. EM (Original Equipment Manufacturer)

        11.3.2. Aftermarket

        11.3.3. Online

        11.3.4. Offline

    11.4. Market Attractiveness Analysis By Sales Channel

12. North America Commercial Refrigeration Fans Market Analysis 2014-2018 and Forecast 2019-2024, by Motor Technology

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Motor Technology, 2014 - 2018

    12.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Motor Technology, 2019 - 2014

        12.3.1. ECM

        12.3.2. PSC

        12.3.3. Other

    12.4. Market Attractiveness Analysis By Motor Technology

13. North America Commercial Refrigeration Fans Market Analysis 2014-2018 and Forecast 2019-2024, by Application

    13.1. Introduction / Key Findings

    13.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2014 - 2018

    13.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Application, 2019 - 2014

        13.3.1. Refrigerators & Freezers

        13.3.2. Transportation Refrigeration

        13.3.3. Beverage Refrigeration & Refrigerated Display Cases

    13.4. Market Attractiveness Analysis By Application

14. Market Structure Analysis

    14.1. Competitive Developments - Summary of Findings

    14.2. Key Developments & Leading Market Strategies

15. Competition Analysis

    15.1. Competition Dashboard

    15.2. Competition Deep Dive

        15.2.1. Regal Beloit Corporation

            15.2.1.1. Overview

            15.2.1.2. Product Portfolio

            15.2.1.3. Key Financials (If Available)

            15.2.1.4. Strategy Overview

                15.2.1.4.1. Marketing Strategy

                15.2.1.4.2. Product Strategy

                15.2.1.4.3. Distribution Channel Strategy/Pricing Strategy

            15.2.1.5. SWOT Analysis

        15.2.2. Delta Electronics (Americas) Ltd.

            15.2.2.1. Overview

            15.2.2.2. Product Portfolio

            15.2.2.3. Key Financials (If Available)

            15.2.2.4. Strategy Overview

                15.2.2.4.1. Marketing Strategy

                15.2.2.4.2. Product Strategy

                15.2.2.4.3. Distribution Channel Strategy/Pricing Strategy

            15.2.2.5. SWOT Analysis

        15.2.3. Continental Fan

            15.2.3.1. Overview

            15.2.3.2. Product Portfolio

            15.2.3.3. Key Financials (If Available)

            15.2.3.4. Strategy Overview

                15.2.3.4.1. Marketing Strategy

                15.2.3.4.2. Product Strategy

                15.2.3.4.3. Distribution Channel Strategy/Pricing Strategy

            15.2.3.5. SWOT Analysis

        15.2.4. New York Blower Company

            15.2.4.1. Overview

            15.2.4.2. Product Portfolio

            15.2.4.3. Key Financials (If Available)

            15.2.4.4. Strategy Overview

                15.2.4.4.1. Marketing Strategy

                15.2.4.4.2. Product Strategy

                15.2.4.4.3. Distribution Channel Strategy/Pricing Strategy

            15.2.4.5. SWOT Analysis

        15.2.5. Multi Wing America, Inc.

            15.2.5.1. Overview

            15.2.5.2. Product Portfolio

            15.2.5.3. Key Financials (If Available)

            15.2.5.4. Strategy Overview

                15.2.5.4.1. Marketing Strategy

                15.2.5.4.2. Product Strategy

                15.2.5.4.3. Distribution Channel Strategy/Pricing Strategy

            15.2.5.5. SWOT Analysis

        15.2.6. Epec LLC

            15.2.6.1. Overview

            15.2.6.2. Product Portfolio

            15.2.6.3. Key Financials (If Available)

            15.2.6.4. Strategy Overview

                15.2.6.4.1. Marketing Strategy

                15.2.6.4.2. Product Strategy

                15.2.6.4.3. Distribution Channel Strategy/Pricing Strategy

            15.2.6.5. SWOT Analysis

        15.2.7. QM power

            15.2.7.1. Overview

            15.2.7.2. Product Portfolio

            15.2.7.3. Key Financials (If Available)

            15.2.7.4. Strategy Overview

                15.2.7.4.1. Marketing Strategy

                15.2.7.4.2. Product Strategy

                15.2.7.4.3. Distribution Channel Strategy/Pricing Strategy

            15.2.7.5. SWOT Analysis

        15.2.8. East West Manufacturing

            15.2.8.1. Overview

            15.2.8.2. Product Portfolio

            15.2.8.3. Key Financials (If Available)

            15.2.8.4. Strategy Overview

                15.2.8.4.1. Marketing Strategy

                15.2.8.4.2. Product Strategy

                15.2.8.4.3. Distribution Channel Strategy/Pricing Strategy

            15.2.8.5. SWOT Analysis

        15.2.9. Ebm-papst

            15.2.9.1. Overview

            15.2.9.2. Product Portfolio

            15.2.9.3. Key Financials (If Available)

            15.2.9.4. Strategy Overview

                15.2.9.4.1. Marketing Strategy

                15.2.9.4.2. Product Strategy

                15.2.9.4.3. Distribution Channel Strategy/Pricing Strategy

            15.2.9.5. SWOT Analysis

        15.2.10. Revcor Airflow Solutions

            15.2.10.1. Overview

            15.2.10.2. Product Portfolio

            15.2.10.3. Key Financials (If Available)

            15.2.10.4. Strategy Overview

                15.2.10.4.1. Marketing Strategy

                15.2.10.4.2. Product Strategy

                15.2.10.4.3. Distribution Channel Strategy/Pricing Strategy

            15.2.10.5. SWOT Analysis

        15.2.11. Rosenberg USA

            15.2.11.1. Overview

            15.2.11.2. Product Portfolio

            15.2.11.3. Key Financials (If Available)

            15.2.11.4. Strategy Overview

                15.2.11.4.1. Marketing Strategy

                15.2.11.4.2. Product Strategy

                15.2.11.4.3. Distribution Channel Strategy/Pricing Strategy

            15.2.11.5. SWOT Analysis

16. Acronyms Used

17. Research Methodology

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Top-Down Market SizingBottom-Up Market Sizing
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