Market Overview:
The global fan and blower motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient fan and blower motors across different applications, such as hospitals, industrial, commercial, and others. Additionally, the growing awareness about the benefits of using energy-efficient fan and blower motors is also contributing to the growth of this market.
Product Definition:
Fan and blower motors are important in HVAC systems because they move air through the system. This is necessary to cool or heat the air in the space.
Centrifugal Motor Fan and Blower Motors:
A centrifugal motor fan and blower motors are used in various applications such as air conditioners, industrial fans, household appliances, medical equipment and construction equipment. The centrifugal motor is a self-rotating device which consists of a stationary axle connected to a rotating shaft by means of an impeller. As the name suggests, these types of motors are typically used for spinning or driving devices such as fans or blowers.
Axial Flow Motor Fan and Blower Motors:
Axial flow motor fan is used in applications where high power and efficiency are required. It is mainly used for ventilation applications, but it can also be used as a cooling fan in some cases. Axial flow fans have been around for quite some time now; however, they are still being utilized by many people because of their low cost and simple operations.
Application Insights:
The industrial application segment dominated the global market in terms of revenue share in 2017. The product demand is expected to increase at a significant rate over the forecast period owing to its rising adoption by various industries such as food and beverage, chemical, paper and pulp, mining and construction. In addition, these products are used for applications such as ventilation in hospitals which require precise air flow for efficient cleaning operations.
The commercial application segment is also anticipated to witness considerable growth over the forecast period due to increasing government initiatives on improving building energy efficiency through tax credits offered on installing energy-saving products including centrifugal fan motors and blower motors among others across educational institutions, healthcare facilities & clinics along with data centers & IT offices. Centrifugal fans are widely used for heating or cooling applications in data centers since they offer high air flow rates with low noise levels which makes them ideal cooling/heating solution providers within a limited budget set by an end user or clientele organization.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising industrialization, commercial construction activities, and increasing adoption of air conditioning in residential as well as commercial spaces.
The demand for fan motors is majorly driven by their applications in industrial, HVAC & refrigeration, and domestic sectors. Asia Pacific has been witnessing strong economic growth on account of rapid urbanization along with an increase in per capita income levels owing to a rise in labor costs associated with it. These factors have led to an increase in investments across various industries such as manufacturing, construction industry etc., which will boost product demand further over the next eight years (2018-2030).
Growth Factors:
- Increasing demand for energy-efficient fan and blower motors from the industrial sector
- Rising popularity of variable frequency drives (VFDs) for fan and blower motors
- Proliferation of smart buildings, which are equipped with advanced controls that can optimize fan and blower motor operations
- Growing demand for electric vehicles, as these vehicles require powerful cooling systems that rely on fan and blower motors
- Rapid expansion of the data center market, as these facilities need reliable cooling systems to keep their servers running
Scope Of The Report
Report Attributes
Report Details
Report Title
Fan and Blower Motors Market Research Report
By Type
Centrifugal Motor Fan and Blower Motors, Axial Flow Motor Fan and Blower Motors, Others
By Application
Hospital, Industrial, Commercial, Others
By Companies
ABB, Mitsubishi, Toshiba, Siemens, XIANGTAN ELECTRIC, TECO-Westinghouse Motor Company, Nidec Motor Corporation, SEC Electric, ASMO, Maxon motor, Rockwell Automation, WoLong Group
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Fan and Blower Motors Market Report Segments:
The global Fan and Blower Motors market is segmented on the basis of:
Types
Centrifugal Motor Fan and Blower Motors, Axial Flow Motor Fan and Blower Motors, Others
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
Hospital, Industrial, Commercial, 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:
- ABB
- Mitsubishi
- Toshiba
- Siemens
- XIANGTAN ELECTRIC
- TECO-Westinghouse Motor Company
- Nidec Motor Corporation
- SEC Electric
- ASMO
- Maxon motor
- Rockwell Automation
- WoLong Group
Highlights of The Fan and Blower Motors 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:
- Centrifugal Motor Fan and Blower Motors
- Axial Flow Motor Fan and Blower Motors
- Others
- By Application:
- Hospital
- Industrial
- Commercial
- 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 Fan and Blower Motors 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?
Fan and blower motors are used to circulate air in an enclosed space. They are also used to create a breeze or wind.
Some of the major players in the fan and blower motors market are ABB, Mitsubishi, Toshiba, Siemens, XIANGTAN ELECTRIC, TECO-Westinghouse Motor Company, Nidec Motor Corporation, SEC Electric, ASMO, Maxon motor, Rockwell Automation, WoLong Group.
The fan and blower motors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fan and Blower Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fan and Blower Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fan and Blower Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fan and Blower Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fan and Blower Motors Market Size & Forecast, 2020-2028
4.5.1 Fan and Blower Motors Market Size and Y-o-Y Growth
4.5.2 Fan and Blower Motors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Centrifugal Motor Fan and Blower Motors
5.2.2 Axial Flow Motor Fan and Blower Motors
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Industrial
6.2.3 Commercial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fan and Blower Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fan and Blower Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Centrifugal Motor Fan and Blower Motors
9.6.2 Axial Flow Motor Fan and Blower Motors
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Industrial
9.10.3 Commercial
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Centrifugal Motor Fan and Blower Motors
10.6.2 Axial Flow Motor Fan and Blower Motors
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Industrial
10.10.3 Commercial
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Centrifugal Motor Fan and Blower Motors
11.6.2 Axial Flow Motor Fan and Blower Motors
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Industrial
11.10.3 Commercial
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Centrifugal Motor Fan and Blower Motors
12.6.2 Axial Flow Motor Fan and Blower Motors
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Industrial
12.10.3 Commercial
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Centrifugal Motor Fan and Blower Motors
13.6.2 Axial Flow Motor Fan and Blower Motors
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Industrial
13.10.3 Commercial
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fan and Blower Motors Market: Competitive Dashboard
14.2 Global Fan and Blower Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Mitsubishi
14.3.3 Toshiba
14.3.4 Siemens
14.3.5 XIANGTAN ELECTRIC
14.3.6 TECO-Westinghouse Motor Company
14.3.7 Nidec Motor Corporation
14.3.8 SEC Electric
14.3.9 ASMO
14.3.10 Maxon motor
14.3.11 Rockwell Automation
14.3.12 WoLong Group
