Global Fans And Blowers Market Trends And Strategies Of Major Players In The Fans And Blowers Market 2021-2030
10 Aug, 2021
The fans and blowers market consists of sales of fans and blowers by entities (organizations, sole traders, and partnerships) that are used to overcome the airflow resistance caused by components such as ducts and dampers. Fans and blowers are machines that provide ventilation, the flow of air (or gas) required for cooling, exhausting, and conveying, and are also used in industrial process requirements.
Global Fans And Blowers Market Size And Drivers:
The global fans and blowers market is expected to grow from $5.15 billion in 2020 to $5.39 billion in 2021 at a compound annual growth rate (CAGR) of 4.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The fans and blowers market is expected to reach $7.01 billion in 2025 at a CAGR of 6.8%. Growing commercial kitchens across the globe are expected to contribute to the growth of the fans and blowers market.
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Trends In The Global Fans And Blowers Market
Technological advancements are shaping the fans and blowers market. Companies manufacturing fans and blowers have introduced technologies such as liquid cooling technology for better performance. For instance, in September 2020, Boyd Corporation, a US-based company, has designed a low-profile cooling ultra-thin and lightweight blower, using liquid cooling technology. These are as thin as 3mm which functions well in high pressure and provides cooling while maintaining the durability and are designed in thin and ultra-thin profiles which are ideal for the smaller, more powerful devices.
Global Fans And Blowers Market Segments:
The global fans and blowers market is further segmented based on type, application and geography.
By Type: Centrifugal Fans And Blowers, Axial Fans And Blowers, Others
By Application: Industrial, Commercial, Others
By Geography: The global fans and blowers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the fans and blowers market in 2020.
Read More On The Report For The Global Fans And Blowers Market At:https://www.thebusinessresearchcompany.com/report/fans-and-blowers-global-market-report
Fans And Blowers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides fans and blowers market overviews, analyzes and forecasts market size and growth for the global fans and blowers market, fans and blowers market share, fans and blowers market players, fans and blowers market segments and geographies, fans and blowers market’s leading competitors’ revenues, profiles and market shares. The fans and blowers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.