Press release
Key Driver Influencing the Growth of the Industrial Fan Rental Services Market in 2025: Increasing Construction Activities Fueling The Growth Of The Market Due To Population Growth
Industrial Fan Rental Services Market
What Is the Expected CAGR for the Industrial Fan Rental Services Market Through 2025?
The market size for industrial fan rental services has seen a significant increase in recent years. Its growth is expected to surge from $1.97 billion in 2024 to $2.15 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The increase over the historical period can be credited to the increasing requirement from the construction industry, an escalating need for temporary cooling measures, more uptake in manufacturing industries, an increase in popularity for flexible rental solutions, and a surge in demand for event ventilation.
What's the Projected Size of the Global Industrial Fan Rental Services Market by 2029?
The market size of industrial fan rental services is projected to experience substantial growth in the forthcoming years, escalating to $2.96 billion by 2029 with a compound annual growth rate of 8.4%. Factors contributing to this growth in the anticipated period include the surge in infrastructure projects, growing recognition of cost-effective rental models, the increase in industrialization within developing regions, a heightened emphasis on effective ventilation, and a surge in demand during periods of severe weather. Significant trends for the predicted period include enhancements in energy-efficient fan models, the incorporation of intelligent and connected features, a rising emphasis on technological expansion of fleets, progresses in portable and lightweight fans, alongside improvements in service and delivery options.
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Top Growth Drivers in the Industrial Fan Rental Services Industry: What's Accelerating the Market?
The boost in construction activities is projected to accelerate the expansion of the industrial fan rental services market. The term 'construction activities' encapsulates all labor involved in the creation of structures such as homes, roads, and buildings. The rise in construction, attributed to population growth, leads to increased demand for infrastructure like homes, schools, and healthcare facilities. Industrial fan rental services support such activities by offering adjustable, economical solutions for ventilation and temperature control, hence managing dust, fumes, and heat, and providing a safer, more comfortable working environment. For instance, a report disclosed by the Department for Business and Trade, a UK governmental entity, in January 2025 showed a 15.9% ascension ($1,944 million (£1,436 million)) in total construction new orders in the first quarter of 2024 compared to the final quarter of 2023. Therefore, the elevation in construction activities is propelling the industrial fan rental services market's growth. The increase in oil and gas exploration is predicted to energize the expansion of the industrial fan rental services market. This exploration denotes the procedure of locating possible underground or submarine reserves of oil and gas through scientific and technological methodologies. The massive global energy demand is forcing nations and companies to seek new reserves, boosting oil and gas exploration to ensure lasting energy safety and financial stability. Industrial fan rental services contribute to this exploration activity by providing efficient ventilation and cooling mechanisms in remote or dangerous zones without the cost of permanent systems. For example, in June 2025, the International Energy Agency (IEA), a French intergovernmental organization, forecasted that the global oil supply would likely rise by 1.8 million barrels per day in 2025, reaching 104.9 million barrels per day, with an extra rise of 1.1 million barrels per day expected for 2026. Hence, the increase in oil and gas exploration is stimulating the industrial fan rental services market's growth.
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What Are the Main Segments in the Industrial Fan Rental Services Market?
The industrial fan rental services market covered in this report is segmented -
1) By Type Of Fan: Centrifugal Fans, Axial Fans, Blowers, Portable Fans, Exhaust Fans, Industrial Ceiling Fans
2) By Duration Of Rental: Short-Term Rentals, Medium-Term Rentals, Long-Term Rentals
3) By Size And Capacity: Small, Medium, Large, Extra Large
4) By Application: Small And Medium Enterprises (SMEs), Large Enterprises
5) By Industry: Construction And Infrastructure, Oil And Gas, Agriculture, Emergency Services, Entertainment And Events, Transportation And Logistics
Subsegments:
1) By Centrifugal Fans: Forward-Curved Centrifugal Fans, Backward-Curved Centrifugal Fans, Radial Blade Centrifugal Fans, Inline Centrifugal Fans
2) By Axial Fans: Tube Axial Fans, Vane Axial Fans, Propeller Axial Fans, Bifurcated Axial Fans
3) By Blowers: Positive Displacement Blowers, Regenerative Blowers, High-Speed Turbo Blowers, Rotary Lobe Blowers
4) By Portable Fans: High-Velocity Portable Fans, Drum Fans, Misting Portable Fans, Floor-Standing Portable Fans
5) By Exhaust Fans: Wall-Mounted Exhaust Fans, Roof-Mounted Exhaust Fans, Inline Duct Exhaust Fans, Shutter-Mounted Exhaust Fans
6) By Industrial Ceiling Fans: High-Volume Low-Speed (HVLS) Ceiling Fans, Standard Industrial Ceiling Fans, Reversible Industrial Ceiling Fans, Energy-Efficient Industrial Ceiling Fans
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Which Top Companies are Driving Growth in the Industrial Fan Rental Services Market?
Major companies operating in the industrial fan rental services market are United Rentals Inc., Sunbelt Rentals Inc., Herc Rentals Inc., Aggreko Plc, Nishio Rent All Vietnam Co Ltd., CORT Business Services Corporation, Big Ass Fans Inc., Cooper Equipment Rentals Ltd., Source Capital LLC , Dahl's Equipment Rentals Inc., Neat Heat & Cooling Inc., Preferred Climate Solutions LLC, OnSite HVAC Rentals LLC, EZ Equipment Rental LLC, Cool Breeze Rentals Pty Ltd., Cold Air Rentals LLC, Anytime Rentals LLC, Aircon Rentals Pty Ltd., North Point Equipment Rentals, Mist Fan Rental.
Which Regions Will Dominate the Industrial Fan Rental Services Market Through 2029?
North America was the largest region in the industrial fan rental services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial fan rental services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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