Press release
Fans and Blowers Market Size, Share, Trends, Insights And Forecast To 2033
Fans and Blowers Market
The Business Research Company offers in-depth market insights through Fans and Blowers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The fans and blowers market size has grown strongly in recent years. It will grow from $6.33 billion in 2023 to $6.78 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to industrialization and manufacturing growth, construction and infrastructure development, energy efficiency requirements, regulatory standards for air quality, HVAC system upgrades.
The fans and blowers market size is expected to see strong growth in the next few years. It will grow to $8.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to green building initiatives, rise in data center construction, focus on indoor air quality, advanced materials and manufacturing processes, global expansion in manufacturing. Major trends in the forecast period include digitalization and smart technologies, technological advancements in design, rise in energy-efficient designs, expansion in industrial Internet of Things (IIOT) applications, increased focus on noise reduction.
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Market Segmentation:
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
Major Driver - Rising Construction Sector Spurs Growth In The Fans And Blowers Market
The growing construction sector is expected to propel the growth of the fans and blowers market going forward. The construction sector refers to the sector of industry and trade that deals with creating, maintaining, and repairing infrastructures. Fans and blowers are used in the construction sector to provide air for ventilation and industrial process requirements. For instance, in January 2022, according to Global Construction Perspectives and Oxford Economics, a UK-based leader in global economic forecasting and econometric analysis, by 2030, the global construction production is expected to increase by 85% to $15.5 trillion, with China, the United States, and India taking the lead and contributing 57% of the increase. Over the next 15 years, the US construction market is going to expand more quickly than China's. Therefore, the growing construction sector is driving the growth of the fans and blowers market.
Competitive Landscape:
Major companies operating in the fans and blowers market report are ABB ltd., Johnson Controls International plc, Nidec Corporation, Systemair AB, Patterson Companies Inc., Enovis, Munters Corp., 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.
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https://www.thebusinessresearchcompany.com/report/fans-and-blowers-global-market-report
Top Trend - Fans And Blowers Market Embraces Aerospace Technology For Enhanced Performance And Quieter Operation
Major companies operating in the fans and blowers market are developing new solutions such as blowers with aerospace technology to gain a competitive edge in the market. Blowers with aerospace technology refers to a category of blowers or fans that incorporate advanced technologies and design principles derived from the aerospace industry. For instance, in October 2023, Whisper Aero, a US-based electric propulsion company launched an ultra-quiet electric leaf blower. The leaf blower is intended to outperform competing models in the market in terms of power, quietness, and energy efficiency. Whisper Drive-enabled leaf blowers reduce noise pollution in communities by up to 40 times at a distance of 50 feet compared to competitors. When operating at 50 feet and full throttle, the leaf blower produces noise levels of only 45 dB in comparison, gas leaf blowers produce sounds of between 70 and 90 dB, and the quietest electric leaf blowers available produce sounds of between 57 and 59 dB.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fans and Blowers Market Characteristics
3. Fans and Blowers Market Trends And Strategies
4. Fans and Blowers Market - Macro Economic Scenario
5. Fans and Blowers Market Size And Growth
…..
27. Fans and Blowers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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