Fans and Blower Market Report: Trends, Forecast and Competitive Analysis to 2030

Fans and Blower Trends and Forecast

The future of the global fans and blower market looks promising with opportunities in the centrifugal and axial markets. The global fans and blower market is expected to reach an estimated $7.4 billion by 2030 with a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are boosting the capability of renewable energy, technological up-gradation in the automotive industry, as well as, growing need for cooling systems from data centers.

A more than 150-page report is developed to help in your business decisions.

Fans and Blower by Segment

The study includes a forecast for the global fans and blower by deployment, technology, and region.

Fans and Blower Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Commercial

Fans and Blower Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Centrifugal
• Axial

Fans and Blower Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Fans and Blower Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fans and blower companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fans and blower companies profiled in this report include-

• Airmaster Fan Company
• Continental Blower
• CG Power and Industrial Solutions
• Dongkun Industrial
• Flakt Woods Group
• Gardner Denver
• Greenheck Fan
• Howden Group
• Loren Cook Company
• Pollrich

Fans and Blower Market Insights

Lucintel forecasts that industrial will remain the larger segment over the forecast period because the fuel cell utilization in backup power plants also requires fan components, as well as, rising per capita energy consumption in developing countries.

APAC will remain the largest region over the forecast period due growing demand from the data centers, rapidly expanding energy consumption and an increasing number of commercial and industrial activities in the region.

Features of the Global Fans and Blower Market

Market Size Estimates: Fans and blower market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Fans and blower market size by deployment, technology, and region in terms of value ($B).

Regional Analysis: Fans and blower market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different deployment, technology, and regions for the fans and blower market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fans and blower market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the fans and blower market size?

Answer: The global fans and blower market is expected to reach an estimated $7.4 billion by 2030.

Q2. What is the growth forecast for fans and blower market?

Answer: The global fans and blower market is expected to grow with a CAGR of 6.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the fans and blower market?

Answer: The major drivers for this market are boosting the capability of renewable energy, technological up-gradation in the automotive industry, as well as, growing need for cooling systems from data centers.

Q4. What are the major segments for fans and blower market?

Answer: The future of the global fans and blower market looks promising with opportunities in the centrifugal and axial markets.

Q5. Who are the key fans and blower market companies?

Answer: Some of the key fans and blower companies are as follows.

• Airmaster Fan Company
• Continental Blower
• CG Power and Industrial Solutions
• Dongkun Industrial
• Flakt Woods Group
• Gardner Denver
• Greenheck Fan
• Howden Group
• Loren Cook Company
• Pollrich

Q6. Which fans and blower market segment will be the largest in future?

Answer: Lucintel forecasts that industrial will remain the larger segment over the forecast period because the fuel cell utilization in backup power plants also requires fan components, as well as, rising per capita energy consumption in developing countries.

Q7. In fans and blower market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due growing demand from the data centers, rapidly expanding energy consumption and an increasing number of commercial and industrial activities in the region.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the fans and blower market by deployment (industrial and commercial), technology (centrifugal and axial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?