Surging Demand for Commercial Kitchens Substantiates the Global Fans and Blowers Market Growth

According to Inkwood Research, the Global Fans and Blowers Market is projected to register a CAGR of 2.63% in terms of revenue during the forecasting years of 2019-2028.

"Browse 24 Market Data Tables and 44 Figures spread over 186 Pages, along with an in-depth TOC on the Global Fans and Blowers Market Forecast 2019-2028."

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Most manufacturing plants mainly use fans and blowers for industrial processes, in addition to ventilation that requires airflow. Fan systems comprise a fan, electric motor, flow control devices, drive system, ducts or piping, and air condition equipment like heat exchangers, filters, and cooling coils. These components are vital, for ensuring that the manufacturing processes work. Moreover, the American Society of Mechanical Engineers (ASME) defines fans and blowers using the specific ratio of the discharge pressure, over suction pressure.

Growing Demand for Commercial Kitchens Fuels Market Growth

The commercial kitchens market is projected to observe significant growth over the upcoming years. This is primarily attributed to the development of the travel and tourism industry, and the rising appeal of Quick Service Restaurants (QSR), among millennials. Moreover, the increasing demand for drive-through meals, the surging number of working women and nuclear families, the fast-paced life in cosmopolitan cities and metros, and the rise in disposable income, further drive the demand for commercial kitchens.

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Axial Segment Dominated the Technology Category in 2019

Axial fans are generally deployed for moving an airstream along the fan's rotating axis. Then, the pressure is generated through the fan blades' aerodynamic lift. The number of blades attached to the fan and the motor's capacity to run the fan differs, based on the application. Axial fans and blowers have a high flow rate, and generate a low-pressure airflow. They are highly suitable for applications that need a large amount of air moving. The fan's commercial application includes handling clean air with high flow rates. Moreover, axial fans are commonly found in commercial and residential spaces, and are presently being implemented for industrial applications. As a result, they serve as an alternative for the more expensive centrifugal fans.

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Asia Pacific to be the Major Region by 2028 in terms of Revenue

Due to increased industrialization, the Asia Pacific contributes the highest revenue share across the global fans and blowers market. Additionally, the growing infrastructural projects, integrated with the surging use of fossil fuels, have driven the need for fans and blowers in the region's industrial avenues.

The fans and blowers market is mostly fragmented, owing to the presence of numerous small and big players, in addition to domestic and foreign players. As a result, the low firm concentration leads to an intense competitive rivalry across the market. Major companies operating in the market include, Howden Group Ltd, CG Power, and Industrial Solutions Limited, Gardner Denver Holdings Inc, Loren Cook Company, Airmaster Fan Company Inc, Pollrich GmbH, etc.

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GLOBAL AIR QUALITY CONTROL SYSTEMS MARKET
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https://inkwoodresearch.com/reports/industrial-air-purifier-market/

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This release was published on openPR.