Market Overview:
The global fiberglass fans market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for fiberglass fans from various end-use industries, such as industrial, chemical, and others. In terms of type, belt drive segment is expected to dominate the global fiberglass fans market during the forecast period owing to its high efficiency and low noise levels as compared to direct drive segment. However, direct drive segment is projected to grow at a higher CAGR than belt drive segment during the forecast period due in part to its growing popularity among end-users for its easy installation and maintenance features.
Product Definition:
A fiberglass fan is a type of electric fan that uses fiberglass as the primary material in its construction. Fiberglass fans are typically less expensive than other types of electric fans and are also lighter in weight. They also tend to be more durable than other types of fans.
Belt Drive:
Belt drive is a method of driving fans using a flexible power transmission belt. The system uses the force of the driven pulley to transmit mechanical power to the fan. In this system, there are no electrical connections between the fan and its motor; instead, all electrical connections are made between the motor and power source through a flexible transmission belt.
Direct Drive:
Direct drive is a type of electric motor where the stator windings are directly connected to the rotor without any gearbox. The power is applied to the rotor and it makes no attempt at converting its rotation into alternate forms, such as a vibration or an electromagnetic field. In other words, direct-drive fans do not use an electrical generator; they rely on the energy stored in their rotors for creating mechanical energy that can be used to generate useful air movement.
Application Insights:
The chemical segment led the global market and accounted for more than 35.0% share of the overall revenue in 2017. The fans are widely used in various applications, such as food & beverage, paper & pulp, plastic & composites manufacturing industries. In addition to this, they are also used extensively across several other end-use industries including oil & gas and power generation among others.
The industrial segment is anticipated to witness significant growth over the forecast period on account of rising demand from construction industry applications including roofing systems and wall panels among others. In addition to this, increasing penetration of these products in aerospace components manufacturing is expected to drive product demand over the forecast period significantly contributing towards industry growth during the study period.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 35.0% in 2017. This is attributed to growing adoption of energy-efficient technologies and favorable climatic conditions for manufacturing plants, especially in the U.S., which has led to high demand for industrial fans. In addition, rising awareness regarding health and safety among consumers is expected to drive product demand over the forecast period.
Asia Pacific accounted for a significant share owing to rapid urbanization along with increasing per capita income levels that have resulted into increased spending on household appliances including ceiling fans across various countries such as China, India, Japan and South Korea among others are expected to fuel industry growth during the forecast period from 2018 to 2030 (see Figure 1). Moreover, economic development coupled with government initiatives aimed at promoting industrial output across emerging economies including China and India are anticipated favorably impact industry growth during the same period (2018’182030).
Growth Factors:
- Increasing demand from the construction industry for fiberglass fans as they are durable and have low noise levels.
- Growing popularity of energy-efficient fiberglass fans, which has led to their increased adoption in both residential and commercial buildings.
- Proliferation of online retail platforms that offer a wide range of fiberglass fans at competitive prices, thereby aiding in market growth.
- Rising awareness about the benefits of using fiberglass fans among consumers, which is resulting in an increase in demand for these products across regions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiberglass Fans Market Research Report
By Type
Belt Drive, Direct Drive
By Application
Industrial, Chemical, Others
By Companies
Twin City Fan Companies, Ltd, New York Blower Company, Continental Fan Manufacturing Inc, Texel Seikow USA.,Inc, Canarm Ltd., Fluid Engineering, Inc., Heinzmann, Midwest Cooling Towers, Inc., Hudson, Heil Co., Vostermans Ventilation B.V., Glocon Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Fiberglass Fans Market Report Segments:
The global Fiberglass Fans market is segmented on the basis of:
Types
Belt Drive, Direct Drive
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Chemical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Twin City Fan Companies, Ltd
- New York Blower Company
- Continental Fan Manufacturing Inc
- Texel Seikow USA.,Inc
- Canarm Ltd.
- Fluid Engineering, Inc.
- Heinzmann
- Midwest Cooling Towers, Inc.
- Hudson
- Heil Co.
- Vostermans Ventilation B.V.
- Glocon Inc.
Highlights of The Fiberglass Fans Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Belt Drive
- Direct Drive
- By Application:
- Industrial
- Chemical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fiberglass Fans Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fiberglass fans are a type of fan that uses fiberglass as its main component. Fiberglass fans are often used in places where it is difficult or impossible to install other types of fans, such as in tight spaces or around objects. They also tend to be more affordable than other types of fans and can last longer without needing to be replaced.
Some of the key players operating in the fiberglass fans market are Twin City Fan Companies, Ltd, New York Blower Company, Continental Fan Manufacturing Inc, Texel Seikow USA.,Inc, Canarm Ltd., Fluid Engineering, Inc., Heinzmann, Midwest Cooling Towers, Inc., Hudson, Heil Co., Vostermans Ventilation B.V., Glocon Inc..
The fiberglass fans market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fiberglass Fans Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fiberglass Fans Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fiberglass Fans Market - Supply Chain
4.5. Global Fiberglass Fans Market Forecast
4.5.1. Fiberglass Fans Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fiberglass Fans Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fiberglass Fans Market Absolute $ Opportunity
5. Global Fiberglass Fans Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fiberglass Fans Market Size and Volume Forecast by Type
5.3.1. Belt Drive
5.3.2. Direct Drive
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fiberglass Fans Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fiberglass Fans Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Chemical
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fiberglass Fans Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fiberglass Fans Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fiberglass Fans Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fiberglass Fans Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fiberglass Fans Demand Share Forecast, 2019-2026
9. North America Fiberglass Fans Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fiberglass Fans Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fiberglass Fans Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Chemical
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fiberglass Fans Market Size and Volume Forecast by Type
9.7.1. Belt Drive
9.7.2. Direct Drive
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fiberglass Fans Demand Share Forecast, 2019-2026
10. Latin America Fiberglass Fans Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fiberglass Fans Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fiberglass Fans Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Chemical
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fiberglass Fans Market Size and Volume Forecast by Type
10.7.1. Belt Drive
10.7.2. Direct Drive
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fiberglass Fans Demand Share Forecast, 2019-2026
11. Europe Fiberglass Fans Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fiberglass Fans Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fiberglass Fans Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Chemical
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fiberglass Fans Market Size and Volume Forecast by Type
11.7.1. Belt Drive
11.7.2. Direct Drive
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fiberglass Fans Demand Share, 2019-2026
12. Asia Pacific Fiberglass Fans Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fiberglass Fans Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fiberglass Fans Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Chemical
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fiberglass Fans Market Size and Volume Forecast by Type
12.7.1. Belt Drive
12.7.2. Direct Drive
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fiberglass Fans Demand Share, 2019-2026
13. Middle East & Africa Fiberglass Fans Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fiberglass Fans Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fiberglass Fans Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Chemical
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fiberglass Fans Market Size and Volume Forecast by Type
13.7.1. Belt Drive
13.7.2. Direct Drive
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fiberglass Fans Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fiberglass Fans Market: Market Share Analysis
14.2. Fiberglass Fans Distributors and Customers
14.3. Fiberglass Fans Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Twin City Fan Companies, Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. New York Blower Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Continental Fan Manufacturing Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Texel Seikow USA.,Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Canarm Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fluid Engineering, Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Heinzmann
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Midwest Cooling Towers, Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hudson
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Heil Co.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Vostermans Ventilation B.V.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Glocon Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook