Market Overview:
The global marine centrifugal 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 maritime transportation and rising awareness about energy-efficient equipment among ship owners and operators. Based on type, the global marine centrifugal fans market is segmented into direct drive and belt drive fans. The direct drive segment is expected to account for a larger share of the market in 2018 owing to its advantages such as low noise levels, high efficiency, and easy installation. Based on application, the global marine centrifugal fans market is segmented into ship cabin ventilation, boiler ventilation, engine room ventilation, and others (including galley exhausts). The ship cabin ventilation segment accounted for a major share of the global marine centrifugal fan market in 2017 due to stringent regulations by international organizations such as IMO that mandate minimum air quality requirements for passenger ships.
Product Definition:
A centrifugal fan is a type of fan that moves air or gas by centrifugal force. The fan mounts in the duct work of a heating, ventilating, and air-conditioning (HVAC) system. Air enters the fan's center hub where it is forced outward by the rotating blades to create an airstream.
Direct Drive:
Direct drive is a type of electric motor where the rotor does not have any physical connection with the stator. The rotor instead, rotates freely inside the magnetic field of a stationary stator windings which creates no mechanical coupling and produces no friction. Since there is no loss of energy in direct drive system, it can provide high power to weight ratio at low speed as compared to conventional systems.
Belt Drive:
Belt drive is a method of power transmission in which the driven member (driven by motor or engine) and the power source are not connected by a belt, chain, or ropes. In belt drive system there is no mechanical clutch to engage when operating at low speed and it can betorque up to a high-speed rotational speed. Belt drives are mostly used for marine centrifugal fans as they do not require any type of gear reduction mechanism.
Application Insights:
The ship cabin application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Centrifugal fans are widely used in cruise ships, ferries, coastal defense ships, research vessels and ice breakers among other vessels where fresh or sea air is required.
The boiler ventilation application segment accounted for a significant market share in terms of volume as well as revenue in 2017 owing to its wide usage across various industries including power generation and steel manufacturing where high pressure steam is utilized for industrial processes or machinery operation. Boiler venting systems utilize centrifugal fans that assist with removing smoke particles, hot gases and steam from the combustion chamber throughout the process of natural gas turbine-powered plants up to 300 bar pressure level. The aforementioned factors are anticipated to propel demand over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to rapid economic development and industrialization in countries, such as China, India, Indonesia, Vietnam and Thailand. In addition, increasing government investments in ports for trade expansion will drive the market further. For instance; In July 2017; The Government of India announced an investment of USD X billion for modernization of Andhra Pradesh’s port city Visakhapatnam which is anticipated to propel industry growth over the forecast period.
Europe was valued at over USD X million in 2017 owing to high demand from ship owners/operators across various sectors including oil & gas exploration activities and petrochemical manufacturing industries along with other applications including HVAC&R (heating ventilation & air conditioning) systems on board ships etc.
Growth Factors:
- Increasing demand for energy-efficient equipment in the marine industry
- Growing popularity of centrifugal fans for exhaust applications in the marine industry
- Rising demand from developing countries for maritime infrastructure development
- Technological advancements in centrifugal fan design and manufacturing processes
- Growing awareness about the benefits of using centrifugal fans in the marine industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Centrifugal Fans Market Research Report
By Type
Direct Drive, Belt Drive
By Application
Ship Cabin, Boiler Ventilation, Others
By Companies
American Fan, Universal Glory Special Products, Novenco Marine & Offshore A/S, Bronswerk Marine Inc, Acir Marine, Qingdao Yaosen Marine Equipment Co.,Ltd., Qingdao Henet Equipment Manufacture Co, Dezhou Hengbao Electrical Machinery Co.Ltd, Hi-Sea Marine, Qingdao Chuanlu Ventilation Equipment Co, American Fan
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Marine Centrifugal Fans Market Report Segments:
The global Marine Centrifugal Fans market is segmented on the basis of:
Types
Direct Drive, Belt 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
Ship Cabin, Boiler Ventilation, 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:
- American Fan
- Universal Glory Special Products
- Novenco Marine & Offshore A/S
- Bronswerk Marine Inc
- Acir Marine
- Qingdao Yaosen Marine Equipment Co.,Ltd.
- Qingdao Henet Equipment Manufacture Co
- Dezhou Hengbao Electrical Machinery Co.Ltd
- Hi-Sea Marine
- Qingdao Chuanlu Ventilation Equipment Co
- American Fan
Highlights of The Marine Centrifugal 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:
- Direct Drive
- Belt Drive
- By Application:
- Ship Cabin
- Boiler Ventilation
- 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 Marine Centrifugal 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?
A marine centrifugal fan is a type of air-conditioning unit that uses the principle of centrifugal force to move air. The fan consists of a number of blades that rotate around an axis. This motion creates a flow of air, which cools the room it's in.
Some of the key players operating in the marine centrifugal fans market are American Fan, Universal Glory Special Products, Novenco Marine & Offshore A/S, Bronswerk Marine Inc, Acir Marine, Qingdao Yaosen Marine Equipment Co.,Ltd., Qingdao Henet Equipment Manufacture Co, Dezhou Hengbao Electrical Machinery Co.Ltd, Hi-Sea Marine, Qingdao Chuanlu Ventilation Equipment Co, American Fan.
The marine centrifugal fans 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 Marine Centrifugal Fans 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 Marine Centrifugal Fans Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Centrifugal Fans 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 Marine Centrifugal Fans 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 Marine Centrifugal Fans Market Size & Forecast, 2018-2028
4.5.1 Marine Centrifugal Fans Market Size and Y-o-Y Growth
4.5.2 Marine Centrifugal Fans Market Absolute $ Opportunity
Chapter 5 Global Marine Centrifugal Fans 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 Marine Centrifugal Fans Market Size Forecast by Type
5.2.1 Direct Drive
5.2.2 Belt Drive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Centrifugal Fans 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 Marine Centrifugal Fans Market Size Forecast by Applications
6.2.1 Ship Cabin
6.2.2 Boiler Ventilation
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Centrifugal Fans 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 Marine Centrifugal Fans 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 Marine Centrifugal Fans Analysis and Forecast
9.1 Introduction
9.2 North America Marine Centrifugal Fans 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 Marine Centrifugal Fans Market Size Forecast by Type
9.6.1 Direct Drive
9.6.2 Belt Drive
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 Marine Centrifugal Fans Market Size Forecast by Applications
9.10.1 Ship Cabin
9.10.2 Boiler Ventilation
9.10.3 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 Marine Centrifugal Fans Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Centrifugal Fans 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 Marine Centrifugal Fans Market Size Forecast by Type
10.6.1 Direct Drive
10.6.2 Belt Drive
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 Marine Centrifugal Fans Market Size Forecast by Applications
10.10.1 Ship Cabin
10.10.2 Boiler Ventilation
10.10.3 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 Marine Centrifugal Fans Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Centrifugal Fans 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 Marine Centrifugal Fans Market Size Forecast by Type
11.6.1 Direct Drive
11.6.2 Belt Drive
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 Marine Centrifugal Fans Market Size Forecast by Applications
11.10.1 Ship Cabin
11.10.2 Boiler Ventilation
11.10.3 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 Marine Centrifugal Fans Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Centrifugal Fans 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 Marine Centrifugal Fans Market Size Forecast by Type
12.6.1 Direct Drive
12.6.2 Belt Drive
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 Marine Centrifugal Fans Market Size Forecast by Applications
12.10.1 Ship Cabin
12.10.2 Boiler Ventilation
12.10.3 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) Marine Centrifugal Fans Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Centrifugal Fans 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) Marine Centrifugal Fans Market Size Forecast by Type
13.6.1 Direct Drive
13.6.2 Belt Drive
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) Marine Centrifugal Fans Market Size Forecast by Applications
13.10.1 Ship Cabin
13.10.2 Boiler Ventilation
13.10.3 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 Marine Centrifugal Fans Market: Competitive Dashboard
14.2 Global Marine Centrifugal Fans Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Fan
14.3.2 Universal Glory Special Products
14.3.3 Novenco Marine & Offshore A/S
14.3.4 Bronswerk Marine Inc
14.3.5 Acir Marine
14.3.6 Qingdao Yaosen Marine Equipment Co.,Ltd.
14.3.7 Qingdao Henet Equipment Manufacture Co
14.3.8 Dezhou Hengbao Electrical Machinery Co.Ltd
14.3.9 Hi-Sea Marine
14.3.10 Qingdao Chuanlu Ventilation Equipment Co
14.3.11 American Fan
