Global Industrial Fans and Blowers Market 2017-2021

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Overview of the global industrial fans and blowers market

Technavio’s research analysis on the global industrial fans and blowers market identifies that the growth in the industrial sector will be one of the major factors that will have a positive impact on the growth of the market. The industrial sector has witnessed a rapid growth over the last few years. Countries such as China, Japan, India, Qatar, Saudi Arabia, and Oman are the major contributors to the growth of the industrial sector. Moreover, developing countries like China and India are largely investing in industrial development to attract more foreign investments to their countries. For instance, the government of India has introduced the "Make in India" initiative that offers tax exemptions to foreign companies that set up their manufacturing units in India. Also, other developing countries like China and Indonesia have similar initiatives to increase their economies. These initiatives provide increased assistance in the promotion of industrial growth and will fuel the need for fans and blowers. Our market research analysts predict that this market will register a revenue of more than USD 2.5 billion by 2021.

The rise of the renewable energy capacities is one of the key trends that will contribute to the growth of this market in the forthcoming years. Rising environmental concerns over CO2 emissions from the burning of fossil fuels to generate electricity have compelled several countries to switch to renewable sources of energy such as solar, wind, and tidal. Fossil fuels are one of the main contributors of CO2 emissions across the world. This has increased the focus to cleaner fuel sources such as renewables. Owing to the increased dependence of wind and solar power plants on industrial fans for the cooling of generators and inverters, the growth of the renewable capacities across the world will result in an increased demand for industrial fans in the coming years.

Competitive landscape and key vendors  

The industrial fans and blowers market consists of numerous global, regional, and local manufacturers. The vendors are increasingly concentrating on innovation and technology and competitive pricing to gain the competitive leverage. Vendors are also focusing on aftermarket service networks to expand their global presence.

The leading vendors in the market are –

• ebm-papst
• Fläkt Woods Group
• Greenheck Fan
• Howden Group

The other prominent vendors in the market are Acme Engineering & Manufacturing, Air King America, Continental Blower, CG Power and Industrial Solutions Limited, DongKun Industrial, Gardner Denver, Hürner-Funken, LOREN COOK COMPANY, Nidec, and Wuhan General Group.

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Segmentation by product and analysis of the industrial fans and blowers market

• Industrial fans
• Industrial blowers

During 2016, the industrial fans segment accounted for the major shares of the industrial fans and blowers market. Factors such as the increased usage of industrial fans for sectors like de-dusting, paint booths, agriculture and silos, boilers and ovens, textile, wood and paper, and microchips will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the industrial fans and blowers market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the industrial fans and blowers market throughout the forecast period. The increasing demand for industrial fans and blowers from food and beverage, power, and automotive industries in the countries such as China and India will drive the growth of the market in the region.

Key questions answered in the report include

• ​What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial fans and blowers market?
• What are the key market trends impacting the growth of the global industrial fans and blowers market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial fans and blowers market?
• What are the market opportunities and threats faced by the vendors in the global industrial fans and blowers market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial fans and blowers market?

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