PUBLISHER: The Business Research Company | PRODUCT CODE: 1659201
PUBLISHER: The Business Research Company | PRODUCT CODE: 1659201
Large cooling fans serve the purpose of regulating airflow within structures or specific parts of equipment or buildings. They function by drawing in cold air through lower vents and expelling hot air through upper vents as heat naturally rises.
The primary types of large cooling fans include axial, centrifugal, and other variations. An axial fan propels extracted air parallel to the central shaft around which its blades rotate. Widely utilized across various devices and systems, these fans excel in moving both hot and cold air. Their shallow installation depth, minimal noise output, and high efficiency make them especially adept at directing air through heat exchangers.
The large cooling fan market research report is one of a series of new reports from The Business Research Company that provides large cooling fan market statistics, including large cooling fan industry global market size, regional shares, competitors with a large cooling fan market share, detailed large cooling fan market segments, market trends and opportunities, and any further data you may need to thrive in the large cooling fan industry. This large cooling fan market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The large cooling fan market size has grown strongly in recent years. It will grow from $7.72 billion in 2024 to $8.47 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to industrialization and manufacturing growth, rise in commercial and residential construction, expansion of data centers, growth of the automotive industry, energy efficiency regulations, expansion of warehousing and logistics, increase in power generation capacity, demand for green and sustainable solutions.
The large cooling fan market size is expected to see rapid growth in the next few years. It will grow to $14.16 billion in 2029 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to rising demand for high-capacity cooling, increasing need for data center cooling, transition to renewable energy, expansion of e-commerce and warehousing, growth of the aerospace industry, government initiatives for energy efficiency, focus on indoor air quality, rapid urbanization and infrastructure development. Major trends in the forecast period include integration of smart technologies, advancements in blade design, portable and mobile units, customization and specialized solutions, noise reduction technologies, high airflow models, integration of IoT and analytics.
Infrastructural development is projected to drive growth in the large cooling fan market. This development involves constructing foundational structures that foster economic growth and enhance quality of life. Large cooling fans, such as axial fans, are essential at construction sites, warehouses, and assembly operations, where they facilitate the movement of substantial volumes of air for both spot and general cooling. Consequently, as infrastructural projects progress, the demand for large cooling fans is expected to increase. For instance, in November 2023, the Office for National Statistics, a UK-based government department, reported that new construction activities saw an increase of £18,161 million ($19.96 million) in 2022, with private sector projects growing by 16.8% and public sector projects increasing by 13.1%. Therefore, infrastructural development is anticipated to significantly contribute to the growth of the large cooling fan market in the forecast period.
The upsurge in demand for Internet of Things (IoT) devices is expected to drive growth within the large cooling fan market. IoT devices, equipped with sensors and connectivity features, enable data collection, exchange, and remote control over the Internet. Large cooling fans benefit from IoT integration, facilitating remote monitoring, automated adjustments, and energy efficiency optimization. The proliferation of global IoT connections, projected to grow from 13.2 billion in 2022 to an estimated 34.7 billion by 2028, underscores the pivotal role of rising IoT demand in propelling the large cooling fan market.
Innovation emerges as a pivotal trend shaping the landscape of the large cooling fan market. Leading companies are leveraging new technologies to develop innovative products, gaining a competitive advantage in the market. For instance, in 2023, MaxSun's launch of the RTX 4090 MGG, featuring five strategically positioned cooling fans, showcases a pioneering design aimed at enhancing heat dissipation efficiency in GPUs.
Major companies in the large cooling fan market are intensifying their focus on introducing IoT-enabled fans to gain a competitive edge. For instance, in 2023, The Cloud 3 fan, launched by Orient Electric, integrates IoT capabilities and innovative CloudchillTM technology. This smart pedestal fan employs water to produce nanoparticles, effectively reducing room temperatures by up to 12-18 degrees Celsius and up to 20 degrees Celsius with the addition of ice to the water reservoir. This strategic move emphasizes the significance of IoT-driven innovations in capturing market opportunities.
In October 2023, PX3 Partners, a private equity firm based in the UK, acquired Cofimco from Hart Industries, Inc. for $80 million. This acquisition aims to establish Cofimco as an independent entity, focusing on driving growth through global expansion and innovation. PX3 plans to utilize its extensive network to enhance Cofimco's market presence and explore opportunities in clean technologies, such as carbon capture. Cofimco is an Italy-based manufacturer specializing in large cooling fans.
Major companies operating in the large cooling fan market are ebm-papst Group, Ziehl-Abegg SE, Horton Holding GmbH & Co. KG, Multi-Wing America Inc., Delta Electronics Inc., Rosenberg Ventilatoren GmbH, Ventech Systems Ltd., Teral-Aerotech Fans Pvt. Ltd., Airtech Blower Industries Pvt. Ltd., Howden Group Plc., Smd Engineering Equipments & Systems Ltd., Kilburn Engineering Ltd., Revcor Airflow Solutions, Halifax Fan Ltd., CUI Devices Inc., Airmaster Fan Company Ltd., Big Ass Fans Inc., Penn Fan Company Inc., Twin City Fan Companies Ltd., Patterson Fan Company Inc., Air Control Industries Ltd., Hunter Industrial Fans Inc., Greenheck Fan Corporation, Loren Cook Company, Continental Fan Manufacturing Inc., AirPro Fan & Blower Company Inc., Schaefer Ventilation Equipment Inc., Canarm Ltd., Cincinnati Fan Company, Air King Limited, AirMax Fans Inc., AirVolution-D, Air Comfort Corporation
Asia-Pacific was the largest region in the large cooling fan market share in 2024. The regions covered in the large cooling fan market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the large cooling fan market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The large cooling fan market consists of sales of large cooling fans including blowers and cross-flow fans. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Large Cooling Fan Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on large cooling fan market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for large cooling fan ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The large cooling fan market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.