How Has The Fans and Blowers Market Size Evolved Historically?
The fans and blowers market has seen considerable growth due to a variety of factors.
• The market size for fans and blowers has experienced a solid growth in the recent past. It is projected that it will expand from $6.73 billion in 2024 to $7.2 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%.
The previous growth can be traced back to factors such as industrialization and the expansion of manufacturing, developments in construction and infrastructure, requirements for energy efficiency, air quality regulatory standards, and upgrades to HVAC systems.
What Does the Future Hold for the Fans and Blowers Market?
The fans and blowers market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the growth of the fans and blowers market size in the upcoming years, with predictions reaching $9.37 billion by 2029, having a compound annual growth rate (CAGR) of 6.8%.
The surge in the forecast period can be associated with a variety of factors such as initiatives for green buildings, an increase in data center construction, emphasis on indoor air quality, advancements in materials and manufacturing processes, and worldwide manufacturing expansion. Key trends for the forecast period encompass digitalization and smart technologies, innovative advancements in design, an upswing in energy-efficient models, growth in industrial Internet of Things (IIOT) applications, and an enhanced emphasis on noise reduction.
What Are The Leading Drivers Of Growth In The Fans and Blowers Market?
The burgeoning construction industry is set to drive the expansion of the fans and blowers market in the future. When we talk about the construction industry, we're referring to the business domain focused on building, sustaining, and fixing structures. Fans and blowers play a key role in this sector, delivering the requisite ventilation and fulfilling industrial processing demands. For instance, as per Global Construction Perspectives and Oxford Economics, a renowned UK organization specializing in global economic predictions and econometric study, the worldwide construction output is predicted to surge by 85% to $15.5 trillion by 2030. This growth will primarily be led by China, the United States, and India, contributing to 57% of the upsurge. Interestingly, the US construction market is expected to grow at a quicker rate than China's over the forthcoming 15 years. Consequently, the expanding construction sector is acting as a catalyst for the advancement of the fans and blowers market.
What Are The Primary Segments In The Global Fans and Blowers Market?
The fans and blowers market covered in this report is segmented –
1) By Type: Centrifugal Fans And Blowers, Axial Fans And Blowers, Other Types
2) By Distribution Channel: Online, Offline
2) By Application: Industrial, Commercial, Other Applications
Subsegments:
1) By Centrifugal Fans And Blowers: Forward Curved Fans, Backward Curved Fans, Radial Fans
2) By Axial Fans And Blowers: Propeller Fans, Tube Axial Fans, Box Fans
3) By Other Types: Mixed Flow Fans, Bladeless Fans, Special Application Fans
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Which Key Trends Are Driving Changes In The Fans and Blowers Market?
Prominent corporations in the fans and blowers sector are concentrating on the creation of ultra-rapid blowing apparatus for competent and high-performing air passage solutions in numerous industrial sectors. Such ultra-fast blowers provide enhanced airflow speed and volume, while simultaneously diminishing acoustic levels and energy use. For example, in October 2024, Sidel, a French manufacturer, introduced EvoBLOW XL, an ultra-quick blowing device customized for larger PET containers up to 10 liters, targeting sectors like water, edible oil, and food. This machine is exceptional in terms of production efficiency, capable of producing up to 18,000 bottles per hour and achieving a 98% Overall Equipment Efficiency (OEE). Crafted for ease of use, it accommodates up to 100% rPET and presents opportunities for lightweighting, thus facilitating cost and emission reduction. EvoBLOW XL guarantees the best blowing procedures and high-standard bottles at a rate of 1,500 bph per mold, hence establishing itself as a pivotal solution in the packaging sphere.
Who Are the Key Players in the Fans and Blowers Market?
Major companies operating in the fans and blowers market include:
• ABB ltd.
• Johnson Controls International plc
• Nidec Corporation
• Systemair AB
• Airmaster Fan Company Inc.
• Loren Cook Company
• Genuit Group
• CG Power and Industrial Solutions Limited
• Kaeser Compressors Inc.
• Air System Components Inc.
• Industrial Solutions Limited
• Twin City Fan Companies Ltd.
• Garden Denver Inc.
• Acme Engineering and Manufacturing Corporation
• Zhejiang Shangfeng Fan/motor Co. Ltd.
• Flakt Woods Group SA
• Aerzener Maschinenfabrik GmbH
• Cincinnati Fan and Ventilator Company Inc.
• Soler & Palau Sistemas de Ventilación S.L.U.
• Robinson Fans Inc.
• Pollrich GmbH
• Vortice Elettrosociali S.p.A.
• Ventmeca Fans Inc.
• Continental Blower LLC
• Greenheck Fan Corporation
• Nanfang Ventilator Co. Ltd.
• DongKun Industrial Co. Ltd.
What Is The Most Dominant Region In The Fans and Blowers Market?
Asia-Pacific was the largest region in the fans and blowers market in 2024. The regions covered in the fans and blowers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
