Fans and Blowers Market by Type (Centrifugal Fans and Blowers and Axial Fans and Blowers), Distribution Channel (Online and Offline), Application (Industrial & Commercial) and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global Fans and Blowers market size was valued at $5.32 billion in 2020 and is projected to reach $8.21 billion by 2026, growing at a CAGR of 7.5% during the forecast period.
 
• Rising demand for cooling systems from data centers, increasing commercial kitchens across the globe and large-scale shopping complexes, increasing urbanization and growing population, and rising technological advancements are the factors driving the fans and blowers market growth.

• However, the sudden drop in production activities across various industries globally, increasing geopolitical tension, falling business confidence, stock market volatility, and others are the factors that are expected to obstruct the fans & blowers market growth.

• Moreover, the increasing demand for ventilating equipment to make up for the unavailability of proper ventilation, and incorporation of power generation units such as nuclear power plants, thermal power plants, coal, and hydropower plants due to increasing demand for power consumption which requires fans and bowlers for cooling which are expected to provide ample opportunities across the globe.

Fans and Blowers are tools that provide a huge amount of air for various applications such as aspirating, exhausting, cooling, conveying, air cleaning, ventilating, and many more. These tools are employed in different industries such as power generation, chemicals, automotive, petrochemicals, food & beverage, and others. These are categorized into different types based on the force they use such as centrifugal, axial, mixed flow, and others.

By Application, the Commercial Segment to Exhibit Significant Growth Rate in the Market

This is mainly attributed to rising demand from data centers and the regulations that mandate zero emissions from buildings are the major drivers for the commercial segment. Significant growth in the number of commercial buildings and owing to investments in the sector, especially in the developing countries, such as China, India, and others, translating to a huge growth in the market. Furthermore, technological innovations like; cloud technology, increasing deployment in countries around the world are anticipated to witness a massive growth in the development of data centers in the future.

By Geography, Asia-Pacific Region is Projected to Strong Presence in the Global Market

The Asia-Pacific region is expected to dominate the market of fans and blowers. This is due to increasing industries and infrastructure projects around the world, strict governmental initiatives, and ongoing projects. India holds the largest chemical and petrochemical industries in the world. Some of the major consumers of these industries in the country are the agricultural and transportation sectors. Moreover, India is investing in its refinery and petrochemical business as well. As a result, with the increase in these end-user industries, the demand for fans and blowers is anticipated to propel market growth.

List of the Key Players Profiled in the Market Include:

• Acme Engineering and Manufacturing Corporation
• Airmaster Fan Company Inc.
• Continental Blower LLC
• Aerzener Maschinenfabrik GmbH
• Air System Components Inc.
• Cincinnati Fan and Ventilator Company Inc.
• Gardner Denver Inc.
• CG Power And Industrial Solutions Limited
• Flakt Woods Group SA
• Loren Cook Company
• Greenheck Fan Corp.
• DongKun Industrial Co. Ltd
• Howden Group Ltd
• Pollrich GmbH

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type
• Centrifugal Fans and Blowers
• Axial Fans and Blowers

Market by, Distribution Channel
• Online
• Offline

Market by, Application
• Industrial
• Commercial

Market by, Geography
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview          
    1.1 Introduction      
    1.2 Research Objectives     
    1.3 Market Segmentation     
    1.4 Stakeholders      
    1.5 List of Acronyms      
            
2 Executive Summary          
            
3 Research Methodology         
    3.1 Identification of Data     
    3.2 Evaluation of Market Dynamics    
    3.3 Collaboration of Data     
    3.4 Verification and Analysis     
    3.5 Data Sources      
    3.6 Assumptions      
            
4 Market Dynamics          
    4.1 Market Drivers      
            4.1.1 Increasing demand for cooling systems from data centers
            4.1.2 Growing commercial kitchens across the globe
    4.2 Market Restraints      
            4.2.1 Fluctuation in the process of raw material
    4.3 Impact of COVID-19 on Fans and Blowers Market   
            
5 Porter's Five Force Analysis         
    5.1 Bargaining Power of Suppliers     
    5.2 Bargaining Power of Buyers     
    5.3 Threat of New Entrants     
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market    
            
6 Global Fans and Blowers Market by, Type       
    6.1 Overview      
    6.2 Centrifugal Fans and Blowers     
    6.3 Axial Fans and Blowers     
            
7 Global Fans and Blowers Market by, Distribution Channel      
    7.1 Overview      
    7.2 Online       
    7.3 Offline       
            
8 Global Fans and Blowers Market by, Application       
    8.1 Overview      
    8.2 Industrial       
    8.3 Commercial       
            
9 Global Fans and Blowers Market by, Geography       
    9.1 Overview      
    9.2 North America      
    9.3 Europe       
    9.4 Asia Pacific      
    9.5 South America      
    9.6 Middle East & Africa     
             
10 Key Developments          
            
11 Company Profiling          
    11.1 Acme Engineering and Manufacturing Corporation   
            11.1.1 Business Overview
            11.1.2 Product/Service Offering
            11.1.3 Financial Overview
            11.1.4 SWOT Analysis
            11.1.5 Key Activities
    11.2 Airmaster Fan Company Inc.     
    11.3 Continental Blower LLC     
    11.4 Aerzener Maschinenfabrik GmbH    
    11.5 Air System Components Inc.     
    11.6 Cincinnati Fan and Ventilator Company Inc.   
    11.7 Gardner Denver Inc.      
    11.8 CG Power And Industrial Solutions Limited   
    11.9 Flakt Woods Group SA     
    11.10 Loren Cook Company     
    11.11 Greenheck Fan Corp.     
    11.12 DongKun Industrial Co. Ltd     
    11.13 Howden Group Ltd      
    11.14 Pollrich GmbH