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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Fans and Blowers Market Outlook
The global market for fans and blowers is expected to grow at a CAGR of about 2.70% in the forecast period of 2024-2032, driven by the rising demand for commercial kitchens.
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Asia Pacific to be a Significant Regional Market for Fans and Blowers
The Asia Pacific region holds a significant share in the global fans and blowers market. Due to rapidly rising energy consumption and expanding commercial and industrial operations, China is one of the leading global producers and exporters of fans and blowers. China's growing industrial operations are expected to establish the country as an economic giant, driving the market for fans and blowers in the country. India has one of the world's major chemical and petrochemical industries. In crude oil refineries, low-pressure blowers are essential. The country's oil refining capacity was 248.9 million metric tonnes per year as of September 2021. As a result, demand for fans and blowers is predicted to rise in tandem with the growth of these end-user sectors. Countries across the Asia Pacific region are expected to witness a massive increase in the development of data centres. Cooling system infrastructure accounts for a significant portion of infrastructure spending, and fans are an essential component of many cooling systems. Japan and South Korea, meanwhile, are planning to develop their manufacturing and power generation sectors in the foreseeable future. This is likely to drive demand for fans and blowers during the forecast period.
Market Segmentations
The primary function of fans and blowers is to provide and accommodate a massive flow of air or gas to various portions of a building or other structure. This is accomplished via a motor or turbine spinning several blades attached to a hub and shaft. The main difference between fans and blowers is the technique of air movement.
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By technology, the market includes:
- Centrifugal
- Axial
Based on deployment, the market is divided into:
- Industrial
- Power Generation
- Oil and Gas
- Construction
- Iron and Steel
- Chemicals
- Mining
- Others
- Commercial
The regional markets for the fans and blowers market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Growing Commercial Kitchens Across the Globe Propelling the Market Growth
The growing commercial kitchens across the globe are expected to contribute to the fans and blowers market growth. The growth can also be attributed to the increasing demand for industrial fans and blowers from industries, such as food and beverages, power, and automotive sectors, which are huge in number in countries like China and India. In the coming years, the increased demand from growing colocation centres and large-scale shopping complexes will likely produce significant demand for fans and blowers in the commercial and industrial sectors (C&I). The average height of congestion and buildings has risen with urbanisation and population growth. Since this tendency is projected to continue over the projection period, demand for ventilating equipment to compensate for the lack of adequate ventilation is expected to rise, presenting a growth opportunity for the market. The technological advancements are further propelling the demand for fans and blowers. For greater performance, manufacturers of fans and blowers have implemented technologies such as liquid cooling. ECHO Incorporated, for example, launched the PB-9010 backup blower for commercial and industrial applications in December 2020. The blower is perfect for clearing extensive open areas such as parking lots and stadiums of heavy debris.
Key Players in the Global Market for Fans and Blowers
The report gives a detailed analysis of the following key players in the global fans and blowers market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Acme Engineering & Manufacturing
- Maico Elektroapparate-Fabrik GmbH
- Continental Blower, LLC
- DongKun Industrial Co. Ltd
- FläktGroup
- Gardner Denver
- Greenheck Fan Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Deployment |
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| Breakup by Region |
|
| Market Dynamics |
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| Trade Data Analysis |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market is projected to grow at a CAGR of 2.70% between 2024 and 2032.
The major drivers of the market include rising energy consumption, expanding commercial and industrial operations, growing colocation centres, large-scale shopping complexes, urbanisation, population growth and technological advancements.
The increasing demand from industries such as food and beverages, power and automotive industries, and growing commercial kitchens are the key industry trends propelling the market's growth.
The major regions in the fans and blowers market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various technologies involved in the market are centrifugal and axial.
Based on deployment, the market is divided into industrial and commercial. Industrial is further divided into power generation, oil and gas, construction, iron and steel, chemicals, and mining, among others.
The major players in the industry are Acme Engineering & Manufacturing, Maico Elektroapparate-Fabrik GmbH, Continental Blower, LLC, DongKun Industrial Co. Ltd, FläktGroup, Gardner Denver, and Greenheck Fan Corporation, among others.
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