Fans and Blowers Market Size, Share, Growth, And Industry Analysis, By Type (Axial Fans and Blowers, Centrifugal Fans and Blowers and Others), By Application (Commercial, Industrial and Others), Regional Insights, and Forecast To 2032

Updated On: 08 April 2024

Fans and Blowers Market Report Overview

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The global fans and blowers market size was USD 5810.6 million in 2022 and market is projected to touch USD 6677.3 million by 2032, exhibiting a CAGR of 1.4% during the forecast period.

In addition to being employed in industrial processes, fans and blowers are devices that provide circulation and the air (or gas) flow needed for chilling, draining, and conveying. Axial fans, among others, are the most frequent type of fans. Centrifugal blowers are two types of centrifugal air-moving pumps or motors that are used to move air via ducts. The air is drawn into the fan and discharged in a parallel axial direction using axial fans as a propeller. An axial fan propels the air being extracted in a straight line with the shaft that the blades are rotating around.

In the years to come, the commercial and industrial (C&I) sectors are anticipated to have a strong need for fans and blowers, driven by rising demand from expanding colocation centers, expanding commercial kitchens, and expanding large-scale shopping complexes. The average building height and traffic have increased along with urbanization and population growth. The need for ventilating equipment to compensate for the lack of adequate ventilation is anticipated to rise during the forecast period as a result of the expected continuation of this trend, creating a development opportunity for the market.

COVID-19 Impact: Significant Negative Impact on the Market due to Enterprises Temporarily being Closed

The COVID-19 epidemic had a significant negative impact on the market. Due to lockdown procedures, numerous manufacturing enterprises were temporarily closed. Data centers, both current and future, and other causes are expected to increase the demand for cooling equipment as blowers. In contrast, very minimal fan and blower infrastructure is needed for renewable energy sources. As several significant countries switch to renewable energy sources, it is projected that the proportion of renewable power plants in the mix of power generators would increase.

Latest Trends

"Purchasing of Metal Industries by Greenheck Group to Add New Products to Diversify their Brand Portfolio "

Metal Industries was going to be purchased by the US-based Greenheck Group in December 2020 for an unknown sum, according to an announcement. By adding air circulation, management, and conditioning equipment to its line of products, Greenheck hopes to diversify its brand portfolio. Fans, blowers, air terminal units, and air distribution products are all provided by the US-based company Metal Industries, Inc.

Fans and Blowers Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Axial Fans and Blowers, Centrifugal Fans and Blowers and Others

Based on type, axial fans and blowers are the dominating segment.

• By Application Analysis

Based on application, the market can be divided into Commercial, Industrial and Others.

Based on application, commercials held the dominating segment.

Driving Factors

"Expansion in Commercial Kitchens aids in Rising the Requirement for Blowers "

The fans and blowers market growth is anticipated to expand as commercial kitchens expand all over the world. Commercial kitchens, which include culinary kitchens and shared kitchens as well as kitchen incubators and food innovation centers, are ready-to-use kitchens that are fully supplied and designed for sharing. Additionally, there are ghost kitchens, which are bare-bones commercial kitchens without a dine-in option. To keep the air clean and lower the risk of a dangerous grease fire, the majority of these kitchens need at least one burst exhaust fan and hood system. In the next two years, roughly 17% of Canadian restaurants plan to open ghost kitchens, according to a 2019 Restaurants Canada poll. Due to the expansion of commercial kitchens around the world, there will be a rise in the need for fans during the anticipated time frame.

"Technological Improvements to Refine the Performance helps in Expanding the Fans Industry"

The fans and blower industry is changing due to technological improvements. Businesses that produce fans and blowers have implemented technologies such as liquid cooling technology to improve performance. A low-profile cooling ultra-thin and lightweight blower, for instance, was created by the US company Boyd Corporation in September 2020 utilizing liquid cooling technology. These have profiles that are thin and ultra-thin, which are best suited for small, more powerful devices. They perform effectively under high pressure, offer cooling, and preserve durability. Their thickness can reach 3 mm.

Restraining Factors

"Availability of Low-Quality and Cheap Products in the Gray Market Pose as a Serious Threat to the Major Competitors"

There are numerous domestic and foreign competitors in the highly fragmented blower market. In this industry, a key factor for differentiation is product quality. By adhering to numerous industrial requirements of the product, the organized sector, which primarily sells to industrial buyers, maintains superior product quality. Meanwhile, the organized sector provides less expensive options. The majority of the country's domestic manufacturers fight fiercely with foreign suppliers in their individual marketplaces by focusing on the unorganized sector. The new entrants from the unorganized sector, which sell inexpensive and low-quality products, are currently posing a serious threat to the market's major competitors. The main businesses are outmatched by these gray industry players in regards to price competitiveness and regional distribution network, which poses a significant challenge for the majors in the blower market

Fans and Blowers Market Regional Insights

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"Constant Rising Energy Consumption and Expanding Commercial and Industrial Operations in the Region is aiding Asia Pacific to Lead "

Greater geographic fans and blowers market share belongs to Asia-Pacific. Due to the constantly rising energy consumption and expanding commercial and industrial operations, China is one of the world's top producers and exporters of fans. The country's market for blowers is predicted to be driven by China's expanding industrial operations, which are anticipated to surpass those of the US and establish the nation as an economic giant. Low-pressure blowers are essential in the refinement of crude oil. Data center construction is anticipated to increase dramatically in the Asia-Pacific region. Japan and South Korea also have plans to rapidly grow their manufacturing and power generation industries. In turn, during the projected period, this is anticipated to fuel demand for blowers.

Due to reasons such as the fast growth of industries namely the chemical, food, and beverage, among others, North America takes second place in terms of the market for blowers. Additionally, industrial and commercial structures are growing quickly as a result of significant investments in economies that are developing, such those in the United States and Canada.

Key Industry Players

"Key Players Focus on Technology and Innovation to Boost their Global Footprint "

Numerous international, regional, and local manufacturers serve the blowers sector. To increase their competitive edge, vendors are focusing more on technology, innovation, and affordable prices. To boost their global footprint, suppliers are also concentrating on aftermarket service networks.

List of Market Players Profiled

• Greenheck (U.S.)
• Twin City Fan (India)
• Systemair (Sweden)
• Soler & Palau (U.S.)
• Johnson Controls (Ireland)
• Air Systems Components (U.S.)
• Polypipe Ventilation (Qatar)
• Zhejiang Shangfeng (China)
• Yilida (China)
• Acme Fans (U.S.)
• Munters (Sweden)
• Volution (U.K.)
• Fläkt Group (Germany)

Report Coverage

This report covers the fans and blowers market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.