GLOBAL FANS AND BLOWERS MARKET FORECAST 2019-2028

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GLOBAL FANS AND BLOWERS MARKET FORECAST 2019-2028

As per the research conducted by Inkwood Research, the global fans and blowers market is projected to register a CAGR of 2.63% between the forecast years, and is anticipated to generate a $24476 million revenue by 2028. The base year considered for the market study is 2018, and the forecast years are from 2019 to 2028. Fans and blowers are used in industrial and commercial setups to ensure adequate ventilation and airflow. The technology used in the fans and blowers either is of centrifugal or axial type. The method used to move the air, and the system pressures they must operate against, act as differentiators in fans and blowers.

GLOBAL FANS AND BLOWERS MARKET FORECAST 2019-2028

Global Fans and Blowers Market by Technology (Axial Technology, Centrifugal Technology) by Deployment (Industrial Deployment (Power Generation, Oil and Gas, Construction, Iron and Steel, Chemicals, Mining, Other Industries), Commercial Deployment) and by Geography.

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As per the research conducted by Inkwood Research, the global fans and blowers market is projected to register a CAGR of 2.63% between the forecast years, and is anticipated to generate a $24476 million revenue by 2028. The base year considered for the market study is 2018, and the forecast years are from 2019 to 2028.

Fans and blowers are used in industrial and commercial setups to ensure adequate ventilation and airflow. The technology used in the fans and blowers either is of centrifugal or axial type. The method used to move the air, and the system pressures they must operate against, act as differentiators in fans and blowers.
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Key factors propelling the global fans and blowers market growth:

  • Extensive use of fans and blowers across the power generation industry
  • Growing demand for HVAC in different industries
  • Rising number of data centers across the globe
    • Since the last decade, the number of data centers, worldwide, is on a constant rise.
    • The upward trend is further anticipated to increase, particularly due to the increasing utility of information technology in real-world applications
    • Cloud technology is projected to play a pivotal role in raising data centers, and augment the fans and blowers market growth.
  • Increasing demand for commercial kitchens

Major restraining factors of the global fans and blowers market growth:

  • Rising inclination towards renewable energy
  • Economic slowdown
    • The global pandemic, owing to the spread of the Wuhan based COVID-19 virus, has created widespread panic across the globe.
    • The consumer demand has declined, with the industrial output being substantially affected. Thus, the growth of fans and blowers is restrained.

The report scope of the global fans and blowers market includes the segmentation analysis of technology, industrial, and deployment. These segments are further classified to provide a detailed analysis of the studied market.

Market by Deployment:

  • Industrial Deployment
    • The industrial segment is projected to dominate the deployment category.
    • Deployment of fans and blowers is crucial for industries to maintain healthy surroundings for employees.
    • Power generation, oil & gas, and construction are the major users of fans and blowers.
  • Commercial Deployment

Geographically, the global fans and blowers market has been segmented based on four major regions, which includes:

  • North America: The United States and Canada
  • Europe: Germany, The United Kingdom, Italy, France, Belgium, Russia, Poland, and Rest of Europe
  • Asia Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia Pacific
    • The Asia Pacific is anticipated to be the leading and dominating region, across the forecast period.
    • The region harbors the fastest-growing industrial activities because of its growing manufacturing activities. This further compels companies to adopt fans and blowers.
  • Rest of World: Latin America, the Middle East & Africa

The major market players in the global fans and blowers market are: 

  • Gardner Denver Holdings Inc.
  • Howden Group Ltd
  • Loren Cook Company
  • Pollrich GmbH
  • Airmaster Fan Company Inc
  • CG Power and Industrial Solutions Limited
  • Others

Key strategies adopted by companies operating in the global fans and blowers market:

In March 2020, Gardner Denver merged with Ingersoll Rand Industrial. The merger has helped the company expand its product portfolio.

Key findings of the global fans and blowers market:

  • The centrifugal segment is the rapidly growing technology, within the fans and blowers market.
  • Fans and blowers are majorly deployed across industrial setups.
  • The power generation segment is expected to be the major industrial deployment for fans and blowers.

 

Frequently Asked Questions & Answers (FAQ):

  • What is the earning potential witnessed across the fans and blowers market?

     A: The fans and blowers market is expected to garner a revenue of $24476 million by 2028.

  • What was the value of the fans and blowers market in 2019?

     A: The value of the global fans and blowers market in 2019 was $19376 million.

  • Which region significantly encourages the growth of the global fans and blowers market?

     A: The Asia Pacific region significantly encourages the growth of the global fans and blowers market.

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • RISE IN THE NUMBER OF DATA CENTRES ACROSS THE GLOBE
      • EXTENSIVE USE OF FANS & BLOWERS IN POWER GENERATION INDUSTRY
      • GROWING DEMAND FOR HVAC IN DIFFERENT INDUSTRIES
      • INCREASING DEMAND FOR COMMERCIAL KITCHENS
    •    KEY RESTRAINTS
      • RISING INCLINATION TOWARDS RENEWABLE ENERGY
      • ECONOMIC SLOWDOWN
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • SUPPLY CHAIN ANALYSIS
    • IMPACT OF COVID 19
  2. MARKET BY TECHNOLOGY
    • AXIAL TECHNOLOGY
    • CENTRIFUGAL TECHNOLOGY
  3. MARKET BY DEPLOYMENT
    •    INDUSTRIAL DEPLOYMENT
      • POWER GENERATION
      • OIL AND GAS
      • CONSTRUCTION
      • IRON AND STEEL
      • CHEMICALS
      • MINING
      • OTHER INDUSTRIES
    • COMMERCIAL DEPLOYMENT
  4. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • ACME ENGINEERING AND MANUFACTURING CORPORATION
    • CONTINENTAL BLOWER LLC
    • DONGKUN INDUSTRIAL CO LTD
    • GARDNER DENVER HOLDINGS INC
    • HOWDEN GROUP LTD
    • LOREN COOK COMPANY
    • POLLRICH GMBH
    • AIRMASTER FAN COMPANY INC
    • CG POWER AND INDUSTRIAL SOLUTIONS LIMITED
    • GREENHECK FAN CORPORATION

TABLE LIST

TABLE 1: MARKET SNAPSHOT – FANS AND BLOWERS

TABLE 2: GLOBAL FANS AND BLOWERS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: GLOBAL FANS AND BLOWERS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 4: GLOBAL AXIAL TECHNOLOGY MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: GLOBAL AXIAL TECHNOLOGY MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 6: GLOBAL CENTRIFUGAL TECHNOLOGY MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: GLOBAL CENTRIFUGAL TECHNOLOGY MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 8: GLOBAL FANS AND BLOWERS MARKET, BY DEPLOYMENT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: GLOBAL FANS AND BLOWERS MARKET, BY DEPLOYMENT, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 10: GLOBAL INDUSTRIAL DEPLOYMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: GLOBAL INDUSTRIAL DEPLOYMENT MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 12: GLOBAL INDUSTRIAL DEPLOYMENT MARKET, BY INDUSTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: GLOBAL INDUSTRIAL DEPLOYMENT MARKET, BY INDUSTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 14: GLOBAL COMMERCIAL DEPLOYMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: GLOBAL COMMERCIAL DEPLOYMENT MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 16: GLOBAL FANS AND BLOWERS MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 17: GLOBAL FANS AND BLOWERS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 18: NORTH AMERICA FANS AND BLOWERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: NORTH AMERICA FANS AND BLOWERS MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 20: EUROPE FANS AND BLOWERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 21: EUROPE FANS AND BLOWERS MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 22: ASIA PACIFIC FANS AND BLOWERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 23: ASIA PACIFIC FANS AND BLOWERS MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 24: REST OF WORLD FANS AND BLOWERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 25: REST OF WORLD FANS AND BLOWERS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

FIGURES LIST

FIGURE 1: NUMBER OF DATA CENTRES

FIGURE 2: KEY INVESTMENT INSIGHTS

FIGURE 3: PORTER’S FIVE FORCE ANALYSIS

FIGURE 4: OPPORTUNITY MATRIX

FIGURE 5: VENDOR LANDSCAPE

FIGURE 6 SUPPLY CHAIN ANALYSI

FIGURE 7: GLOBAL FANS AND BLOWERS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019

FIGURE 8: GLOBAL FANS AND BLOWERS MARKET, BY AXIAL TECHNOLOGY, 2019-2028 (IN $ MILLION)

FIGURE 9: GLOBAL FANS AND BLOWERS MARKET, BY CENTRIFUGAL TECHNOLOGY, 2019-2028 (IN $ MILLION)

FIGURE 10: GLOBAL FANS AND BLOWERS MARKET, GROWTH POTENTIAL, BY DEPLOYMENT, IN 2019

FIGURE 11: GLOBAL FANS AND BLOWERS MARKET, BY INDUSTRIAL DEPLOYMENT, 2019-2028 (IN $ MILLION)

FIGURE 12: GLOBAL FANS AND BLOWERS MARKET, BY POWER GENERATION, 2019-2028 (IN $ MILLION)

FIGURE 13: GLOBAL FANS AND BLOWERS MARKET, BY OIL AND GAS, 2019-2028 (IN $ MILLION)

FIGURE 14: GLOBAL FANS AND BLOWERS MARKET, BY CONSTRUCTION, 2019-2028 (IN $ MILLION)

FIGURE 15: GLOBAL FANS AND BLOWERS MARKET, BY IRON AND STEEL, 2019-2028 (IN $ MILLION)

FIGURE 16: GLOBAL FANS AND BLOWERS MARKET, BY CHEMICALS, 2019-2028 (IN $ MILLION)

FIGURE 17: GLOBAL FANS AND BLOWERS MARKET, BY MINING, 2019-2028 (IN $ MILLION)

FIGURE 18: GLOBAL FANS AND BLOWERS MARKET, BY OTHER INDUSTRIES DEPLOYMENT, 2019-2028 (IN $ MILLION)

FIGURE 19: GLOBAL FANS AND BLOWERS MARKET, BY COMMERCIAL DEPLOYMENT, 2019-2028 (IN $ MILLION)

FIGURE 20: NORTH AMERICA FANS AND BLOWERS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 21: UNITED STATES FANS AND BLOWERS MARKET, 2019-2028 (IN MILLION)

FIGURE 22: CANADA FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 23: EUROPE FANS AND BLOWERS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 24: UNITED KINGDOM FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 25: GERMANY FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 26: FRANCE FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 27: ITALY FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 28: RUSSIA FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 29: BELGIUM FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 30: POLAND FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 31: REST OF EUROPE FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 32: ASIA PACIFIC FANS AND BLOWERS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 33: CHINA FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 34: JAPAN FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 35: INDIA FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 36: SOUTH KOREA FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 37: INDONESIA FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 38: THAILAND FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 39: VIETNAM FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 40: AUSTRALIA & NEW ZEALAND FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 41: REST OF ASIA PACIFIC FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 42: REST OF WORLD FANS AND BLOWERS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 43: LATIN AMERICA FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 44: MIDDLE EAST & AFRICA FANS AND BLOWERS MARKET, 2019-2028 (IN $ MILLION)

  1. MARKET BY TECHNOLOGY
    • AXIAL TECHNOLOGY
    • CENTRIFUGAL TECHNOLOGY
  2. MARKET BY DEPLOYMENT
    •    INDUSTRIAL DEPLOYMENT
      • POWER GENERATION
      • OIL AND GAS
      • CONSTRUCTION
      • IRON AND STEEL
      • CHEMICALS
      • MINING
      • OTHER INDUSTRIES
    • COMMERCIAL DEPLOYMENT
  3. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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