Big Industrial Ventilation Fan Market Size, Share, Growth, and Industry Analysis, By Grade (Roof Mount Fan, Centrifugal Fan and Other AME), By Application (Condominium, Apartment, Standing House, Hospital, Shop, Office, Mall), and Regional Insights and Forecast To 2031

Updated On: 22 April 2024

big industrial ventilation fan market Report Overview

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The global big industrial ventilation fan market size was USD 3497.67 million in 2022 and is expected to reach USD 4686.96 million by 2028, at CAGR of 5.0% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the big industrial ventilation fan market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A big industrial ventilation fan is a type of mechanical fan that is used to provide and accommodate a large flow of air or gas to various parts of a building or other structures. It is mainly used for industrial purposes, such as combustion, ventilation, and aeration, and particulate transport, exhaust, cooling, air-cleaning, and drying. A big industrial ventilation fan can have a diameter of more than 16 feet (4.9 m) and can move up to 2,000,000 cubic feet (57,000 m 3) of air or gas per minute.

 A big industrial ventilation fan can be either centrifugal or axial, depending on the direction of the airflow. A centrifugal fan uses the centrifugal force generated by a rotating disk with blades to increase the pressure and velocity of the air or gas, while an axial fan uses axial forces to move the air or gas parallel to the axis of rotation. A big industrial ventilation fan can help in improving the indoor air quality, reducing the risk of infection, maintaining the temperature and humidity levels, and preventing fire and explosion hazards in the industrial environment

COVID-19 Impact: Pandemic Decreased the Market Demand due to Lockdown Imposed

The COVID-19 pandemic has had a significant impact on the big industrial ventilation fan market share. The lockdown measures and travel restrictions imposed by various countries affected the production, transportation, and distribution of the raw materials, components, and finished products of them. This resulted in delays, shortages, and increased costs for the manufacturers and consumers of these products. The pandemic caused a slowdown in the economic activities and reduced the income and spending of the consumers. This led to a lower demand for big industrial ventilation fans in some sectors such as hospitality, tourism, entertainment, education, etc., that were severely affected by the pandemic. The reduced demand and revenue also affected the profitability and growth prospects of the big industrial ventilation fan industry. The pandemic increased the risk of infection and transmission of the virus among the workers and customers of the big industrial ventilation fan industry. Therefore, the industry had to adopt various safety measures such as social distancing, wearing masks, sanitizing, testing, etc., to prevent the spread of the virus. These measures also increased the operational costs and complexity of the industry.

Latest Trends

"Adoption of Green and Energy-Efficient Technologies is expected to Fuel the Growth in the Market"

One of the recent trends in the market is the adoption of green and energy-efficient technologies. The big industrial ventilation fans consume a large amount of electricity and generate noise and heat, which can have negative effects on the environment and human health. Therefore, many manufacturers are developing and introducing ventilation fans that are more eco-friendly and energy-saving. For instance, some of the products use solar power, variable frequency drives, smart sensors, and other advanced features to optimize their performance and reduce their environmental impact. These products also comply with the stringent regulations and standards set by various authorities and organizations to promote green buildings and sustainable development. The rising demand for green and energy-efficient ventilation fans is expected to drive the market growth in the coming years.

big industrial ventilation fan market Segmentation

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• By Type Analysis

According to type, the market can be segmented into roof mount fan, centrifugal fan and other AME.

• By Application Analysis

Based on age, the market can be divided into condominium, apartment, standing house, hospital, shop, office, mall.

Driving Factors

"Increasing Industrialization and Urbanization to Foster the Market Growth"

The rapid growth of various industries such as manufacturing, mining, power generation, oil and gas, and others has created a high demand for them. These fans are essential for providing adequate ventilation and cooling for the large-scale industrial processes and equipment. They also help in removing dust, fumes, smoke, odors, and other pollutants from the industrial environment. The increasing urbanization has also led to the development of more skyscrapers, malls, airports, stadiums, and other large structures that require them for maintaining proper air circulation and temperature. Therefore, the expanding industrial and urban sectors are expected to boost the market growth in the future.

"Rising Awareness and Preference for Indoor Air Quality among Consumers to Result in the Expansion of the Market"

The consumers are becoming more conscious of the health and well-being benefits of having good indoor air quality and comfort in their workplaces and homes. They are also aware of the potential risks of poor indoor air quality such as respiratory diseases, allergies, asthma, headaches, fatigue, and others. Therefore, they are opting for them that can improve the indoor air quality by diluting and removing the indoor pollutants and contaminants. They are also looking for ventilation fans that can provide thermal comfort by regulating the temperature and humidity levels in their indoor spaces. Therefore, the growing consumer demand for indoor air quality and comfort is expected to propel the market growth in the future.

Restraining Factor

"High Initial Cost and Maintenance Cost to Hamper the Market Growth"

They are expensive to purchase and install as they require a large space, complex wiring, ductwork, mounting brackets, and other accessories. They also consume a lot of electricity and need regular maintenance and repair to ensure their optimal functioning and durability. The maintenance cost includes cleaning, lubricating, replacing filters, belts, bearings, motors, blades, and other components.

big industrial ventilation fan market Regional Insights

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"Asia Pacific to Lead the Market Owing to Investments to Support Green Buildings and Energy"

The Asia Pacific region has shown the highest big industrial ventilation fan market growth. These countries have a large number of industries that require them for their operations. They also have a huge population that demands better indoor air quality and comfort in their residential and commercial spaces. The governments are implementing various policies and programs to encourage the adoption of green technologies such as solar power, smart sensors, variable frequency drives, etc., in them. They are also providing subsidies, incentives, tax benefits, and other support to the manufacturers and consumers of these products.

Key Industry Players

"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Growth Of The Market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• TCF (France)
• Flakt Woods Group (Switzerland)
• Zhejiang Shangfeng (China)
• Vortice (Italy)
• Nicotra (Italy)
• Greenheck (U.S.)
• POPULA (China)
• Yilida (China)
• Deton (India)
• Kruger (Canada)
• Ziehl-Abegg (Germany)
• Infinair (China)

Report Coverage

This report examines an understanding of the big industrial ventilation fan market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.