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Industrial Exhaust Blowers Market Report 2024 - Industrial Exhaust Blowers Market Size And Trends
Industrial Exhaust Blowers Market
According to The Business Research Company's, The industrial exhaust blowers market size has grown rapidly in recent years. It will grow from $5.17 billion in 2023 to $5.83 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to industrial growth, environmental regulations, health and safety standards, urbanization and infrastructure development, market demand for specific industries.
The industrial exhaust blowers market size is expected to see rapid growth in the next few years. It will grow to $8.9 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to global industrialization trends, renewable energy adoption, focus on energy efficiency, market demand for specific industries, regulatory changes and standards. Major trends in the forecast period include increased emphasis on sustainability, rise of iot integration, customization for diverse applications, adoption of variable frequency drives (VFDS), focus on air quality in indoor environments.
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Market Drivers and Trends:
The surge in construction activities is expected to propel the growth of the industrial exhaust blower market going forward. Construction activities refer to the various tasks and processes involved in the planning, design, erectio*n, assembly, and maintenance of structures, facilities, and infrastructure. Industrial exhaust blowers are used in construction activities to improve indoor air quality and remove airborne contaminants by expelling dust, fumes, and pollutants, creating a healthier and safer working environment for construction workers. For instance, in January 2022, according to the U.S. Census Bureau, a US-based government agency, approximately 1,595,100 housing units were initiated in the United States, reflecting a 15.6% growth from the 1,379,600 units started in 2020. Therefore, the surge in construction activities is driving the growth of the industrial exhaust blower market.
Major companies operating in the industrial exhaust blower market are developing new products, such as high-efficiency radial fans, to gain a competitive edge. Radial fans, or centrifugal fans, are mechanical devices used for moving air or gases in a radial direction away from the central axis of the fan. For instance, in March 2023, Elektror Airsystems GmbH, a Germany-based industrial machinery manufacturing company, launched new additions to its steel high efficiency (S-HE) series, featuring five new sizes of high-efficiency radial fans made of steel and stainless steel. The new versions are made for industrial uses that need to move large amounts of air with medium system resistance. They make the products more flexible for uses like gas and vapor extraction, machine cooling, ventilation in systems with medium resistances, air supply for drying plants, exhaust gas extraction in the automotive sector, and use in filter systems. The S-HE series offers air flow rates ranging from 60 m³/min to 275 m³/min and pressure from 2,000 Pa to 4,800 Pa, providing users with efficient solutions for diverse operational environments. The series emphasizes high efficiency, low energy consumption, and robust design, offering a modular system for scalability and customization.
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Major Key Players of the Market:
Johnson Controls International plc, ebm-papst Mulfingen GmbH & Co. KG, Greenheck Fan Corporation, Loren Cook Company, Howden Group, Air System Components Inc., Twin City Fan Companies Ltd., S&P Sistemas de Ventilación S.L.U., Acme Engineering and Manufacturing Corporation, Nicotra Gebhardt S.p.A., Aerovent, The New York Blower Company, Cincinnati Fan & Ventilator Company Inc., Canarm Ltd., Halifax Fan Ltd., Northern Industrial Supply Company, AirPro Fan & Blower Co., Strobic Air Corporation, Kruger Ventilation Industries Pte Ltd., Woods Air Movement Ltd., ILG Blowers Ltd., Continental Fan Manufacturing Inc., NISCO Inc., Rosenberg Ventilatoren GmbH, Ventmeca Fans SAS
Industrial Exhaust Blowers Market 2024 Key Insights:
• The Major Key Players of the Market:
Johnson Controls International plc, ebm-papst Mulfingen GmbH & Co. KG, Greenheck Fan Corporation, Loren Cook Company, Howden Group, Air System Components Inc., Twin City Fan Companies Ltd., S&P Sistemas de Ventilación S.L.U., Acme Engineering and Manufacturing Corporation, Nicotra Gebhardt S.p.A., Aerovent, The New York Blower Company, Cincinnati Fan & Ventilator Company Inc., Canarm Ltd., Halifax Fan Ltd., Northern Industrial Supply Company, AirPro Fan & Blower Co., Strobic Air Corporation, Kruger Ventilation Industries Pte Ltd., Woods Air Movement Ltd., ILG Blowers Ltd., Continental Fan Manufacturing Inc., NISCO Inc., Rosenberg Ventilatoren GmbH, Ventmeca Fans SAS is expected to grow toIndustrial Exhaust Blowers Market 2024 Key Insights:
• Rise In Construction Activities Fuels Growth In The Industrial Exhaust Blowers Market
• High Efficiency Radial Fans Transforming The Industrial Exhaust Blowers Market
• North America was the largest region in the industrial exhaust blowers market in 2023.
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