Press release
Fans and Blowers Market Anticipated To Witness Robust Growth, Surpassing $9.37 Billion By 2029
Fans and Blowers Market Size
How Big Is the Fans and Blowers Market Size Expected to Be by 2034?
In recent times, the market size for fans and blowers has seen robust growth. The projection indicates that it will rise from $6.73 billion in 2024 up to $7.2 billion in 2025, representing a compound annual growth rate (CAGR) of 6.9%. The cause of the growth during the historical period is attributable to the rise in industrialization and manufacturing, the development of construction and infrastructure, the need for energy efficiency, air quality regulatory standards, and upgrades in HVAC systems.
Anticipated robust growth in the fans and blowers market is forecasted in the coming years, with the market size expanding to $9.37 billion in 2029, with a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this growth over the forecast period include initiatives for green buildings, a rise in constructing data centers, emphasis on indoor air quality, advancements in materials and manufacturing techniques, and expanded global manufacturing. Key trends to watch during this period include increasing digitalization and intelligent technologies, advancements in design, surge in energy-efficient blueprints, spread of industrial Internet of Things (IIOT) applications, and heightened concerns over noise reduction.
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What Are the Emerging Segments Within the Fans and Blowers Market?
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
Subsegments:
1) By Centrifugal Fans And Blowers: Forward Curved Fans, Backward Curved Fans, Radial Fans
2) By Axial Fans And Blowers: Propeller Fans, Tube Axial Fans, Box Fans
3) By Other Types: Mixed Flow Fans, Bladeless Fans, Special Application Fans
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What Long-Term Drivers Are Shaping Fans and Blowers Market Trends?
The expansion of the construction industry is anticipated to fuel the fans and blowers market's growth. The construction field comprises industry and commerce sectors involved in infrastructure creation, maintenance, and repair. The construction industry utilizes fans and blowers to meet ventilation and industrial process needs. For example, Global Construction Perspectives and Oxford Economics, a respected UK-based entity specializing in global economic prediction and econometric study, projected in January 2022 that global construction output would surge by 85% to $15.5 trillion by 2030. China, the United States, and India are expected to spearhead this growth, accounting for 57% of the rise. The US construction market is predicted to grow at a faster rate than China's over the forthcoming 15 years. Hence, the burgeoning construction industry is propelling the fans and blowers market's growth.
Who Are the Top Competitors in Key Fans and Blowers Market Segments?
Major companies operating in the fans and blowers market include ABB ltd., Johnson Controls International plc, Nidec Corporation, Systemair AB, 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.
What Are the Major Trends Shaping the Fans and Blowers Market?
Primary players in the fans and blowers industry are concentrating on creating ultra-rapid blowers providing proficient and high-performance air movement solutions for a diversity of sectors. These advanced blowers deliver enhanced air speed and volume while decreasing noise and energy usage. An instance from October 2024 is Sidel, a French manufacturing company, introducing the EvoBLOW XL. This ultra-rapid blower for large PET containers of up to 10 litres is aimed at the water, edible oil, and food sectors. The device offers top-notch production performance, with capabilities of creating up to 18,000 bottles per hour and a 98% total tool effectiveness (OEE). Made very user-friendly, it caters up to 100% rPET and presents weight saving opportunities to lessen charges and emissions. The EvoBLOW XL warrants superior blowing procedures and premium bottles at a pace of 1,500 bph per mould, solidifying its place as an efficient solution in the packaging sector.
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Which Regions Are Becoming Hubs for Fans and Blowers Market Innovation?
Asia-Pacific was the largest region in the fans and blowers market in 2024. The regions covered in the fans and blowers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fans and Blowers Market?
2. What is the CAGR expected in the Fans and Blowers Market?
3. What Are the Key Innovations Transforming the Fans and Blowers Industry?
4. Which Region Is Leading the Fans and Blowers Market?
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