Fans and Blowers Market

Fans and Blowers Market by Technology (Centrifugal and Axial), Deployments (Industrial [Power Generation, Oil & Gas, Construction, Iron & Steel, Chemicals, Mining, and Others], and Commercial) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-1085
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 186
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The global fans and blowers market size was valued at USD 20.38 billion in 2019 and is expanding at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the factors such as the growing need for cooling systems from data centres.
 

Fans and Blowers Market Key Takeaways


Industrial fans and blowers are machines that are used to supply huge volumes of air to various areas of a structure, as well as anywhere airflow is required for exhausting, aspirating, cooling, ventilating, transporting, and other purposes. Chemicals, petrochemicals, timber, automotive, food and beverage, and other sectors make use of them. Industrial fans/blowers are classified into the following categories based on the functions they perform: Axial flow, centrifugal or radial flow, mixed flow, and crossflow are the four types of flow.

Existing and future data centres are projected to operate at greater capacities. As a result, sophisticated cooling systems to regulate the temperature in these facilities are likely to be in high demand. With the start of emission reduction measures, even established economies are projected to deploy large-scale fans and blowers for commercial buildings, resulting in massive market development. Renewable energy facilities require an extremely little fan and blower infrastructure. With many major nations transitioning to renewable energy sources, the percentage of renewable power plants in the power generating mix is projected to rise in the future years, reducing demand for fans and blowers.

Fans and blowers are commonly used in commercial applications to deliver air at a consistent pressure for ventilation, decreasing the burden on building HVAC systems by replacing make-up air and the exhaust of odorous gases. Since the previous decade, China's economic growth has kept demand for the aforementioned industries strong. Some of the primary causes for the downturn are government policy changes, the US-China trade war, and the country's manufacturing industry and construction sector reaching an early stage of saturation. India is home to one of the world's major chemical and petrochemical industries. The agriculture and transportation sectors are two of the country's largest users of these products. In addition, India is expanding its refinery and petrochemical industries. As a result of this growing tendency, numerous international firms are heavily investing in Indian refineries. As a result, demand for fans and blowers is projected to rise in tandem with the expansion of these end-user sectors.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing need for colocation centres is projected to drive market growth in the coming years.
  • Expanding commercial kitchens and large-scale shopping malls are estimated to fuel market expansion during the forecast period.
  • Rising investments in refineries and petrochemical industries are projected to spur market expansion in the coming years.
  • Factors such as supply constraints, project delays, and cost-cutting by large manufacturers, because of the COVID-19 outbreak, is anticipated to restrict the market growth.
  • As the world becomes more urbanized and the population grows, there are lucrative opportunities available for the market players during the projected period.

Scope of the Report

The report on the global fans and blowers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Fans and Blowers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technology (Centrifugal and Axial) and Deployments (Industrial [Power Generation, Oil & Gas, Construction, Iron & Steel, Chemicals, Mining, and Others], and Commercial)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Acme Engineering & Manufacturing Corp; Continental Blower LLC; Airmaster Fan Company Inc.; Gardner Denver Inc.; DongKun Industrial Co. Ltd; Flakt Woods Group SA; Greenheck Fan Corp.; Loren Cook Company; Pollrich DLK; and Howden Group Ltd.

 

Market Segment Insights

Centrifugal segment is expected to register at a robust pace
Based on technology, the fans and blowers market is divided into centrifugal and axial. The centrifugal segment is expected to hold a key share of the market in the coming years) owing to rapid globalization and industrialization.

Commercial segment is projected to account for a key market share
In terms of deployments, the fans and blowers market is segregated into industrial [power generation, oil & gas, construction, iron & steel, chemicals, mining, and others], and commercial. The commercial segment is expected to account for a key share of the market during the forecast period owing to growing urbanization and the need for commercial buildings around the world. The market for fans and blowers in the business sector is driven by by-laws that require zero emissions from buildings, particularly in Europe. To attain energy-neutral structures, all older buildings in Europe must be renovated with appropriate fans and blowers. Furthermore, because of the widespread use of cloud technology, countries throughout the world are anticipated to see a significant increase in the creation of data centres in the future. Consequently, the market for fans and blowers is projected to grow throughout the forecast period.
 

Fans and Blowers Market By Deployments


Asia Pacific is anticipated to dominate the market
On the basis of regions, the fans and blowers market is categorized) as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rising demand from data centres. Southeast Asian nations including Malaysia, Vietnam, and Singapore are building new data centres intending to become the data centre industry's hub in the Asia-Pacific region. As a result, emerging countries are projected to drive demand for fans and blowers in the data centre industry. Moreover, Japan and South Korea, for example, have ambitions to grow their manufacturing and power generation industries. As a result, demand for fans and blowers is projected to rise throughout the forecast period.
 

Fans and Blowers Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fans and Blowers Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fans and Blowers Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fans and Blowers Market - Supply Chain
  4.5. Global Fans and Blowers Market Forecast
     4.5.1. Fans and Blowers Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fans and Blowers Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fans and Blowers Market Absolute $ Opportunity
5. Global Fans and Blowers Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Fans and Blowers Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Fans and Blowers Demand Share Forecast, 2019-2026
6. North America Fans and Blowers Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Fans and Blowers Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Fans and Blowers Demand Share Forecast, 2019-2026
7. Latin America Fans and Blowers Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Fans and Blowers Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Fans and Blowers Demand Share Forecast, 2019-2026
8. Europe Fans and Blowers Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Fans and Blowers Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Fans and Blowers Demand Share Forecast, 2019-2026
9. Asia Pacific Fans and Blowers Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Fans and Blowers Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Fans and Blowers Demand Share Forecast, 2019-2026
10. Middle East & Africa Fans and Blowers Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Fans and Blowers Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Fans and Blowers Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Fans and Blowers Market: Market Share Analysis
  11.2. Fans and Blowers Distributors and Customers
  11.3. Fans and Blowers Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Acme Engineering & Manufacturing Corp
     11.4.2. Continental Blower LLC
     11.4.3. Airmaster Fan Company Inc.
     11.4.4. Gardner Denver Inc.
     11.4.5. DongKun Industrial Co. Ltd
     11.4.6. Flakt Woods Group SA

Segments Covered in the Report
The global fans and blowers market has been segmented on the basis of

Deployment

  • Industrial
  • Commercial

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Acme Engineering & Manufacturing Corp
  • Continental Blower LLC
  • Airmaster Fan Company Inc.
  • Gardner Denver Inc.
  • DongKun Industrial Co. Ltd
  • Flakt Woods Group SA
  • Greenheck Fan Corp.
  • Loren Cook Company
  • Pollrich DLK
  • Howden Group Ltd

Key players competing in the global fans and blowers market include Acme Engineering & Manufacturing Corp; Continental Blower LLC; Airmaster Fan Company Inc.; Gardner Denver Inc.; DongKun Industrial Co. Ltd; Flakt Woods Group SA; Greenheck Fan Corp.; Loren Cook Company; Pollrich DLK; and Howden Group Ltd.
 

Fans and Blowers Market By Key Players

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