Market Overview:
The global industrial fans market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market was valued at US$ 9,584.8 Mn in 2017 and is projected to reach US$ 16,362.4 Mn by 2030. The centrifugal fans segment had a market share of 44% in 2018, following axial fans segment. By application, the industrial segment accounted for the majority share of the global industrial fans market in 2017 and is projected to retain its dominance throughout the forecast period.
Product Definition:
An industrial fan is a large, powerful fan used for ventilation, cooling, or exhaust purposes in factories and other industrial facilities. Industrial fans are often belt-driven or direct-drive units that can move large quantities of air at high velocities. They are an important part of plant safety and efficiency, providing airflow to remove heat and toxic fumes from the work area.
Centrifugal Fans:
Centrifugal fans are used for moving air in a centrifugal manner. The working principle of these fans is based on the rotation of the impeller, which causes air to move radially out from the center and through various blades. These types of fans are widely used in industrial applications such as cooling systems, ventilation, and exhausts among others.
Axial Fans:
Axial fans are most commonly used in industrial applications. Axial fans have a direct drive mechanism and produce more airflow with less power consumption. They are available in different sizes, shapes, and capacities to suit a variety of applications.
Application Insights:
The industrial application segment led the global market in 2018 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for cooling & ventilation equipment in industries, such as chemical, petrochemical, power generation and metalworking. In addition, factors including government initiatives towards promoting investments in manufacturing sectors are expected to drive industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2018 and will continue to be the largest regional market over the forecast period. The region is expected to witness significant growth owing to rapid industrialization, coupled with increasing demand for energy-efficient products. China is anticipated to remain a key consumer of industrial fans in APAC due to its large population and growing economy.
Europe accounted for a significant share of global revenue in 2018 owing to stringent government regulations regarding carbon emissions from machines and equipment used during manufacturing processes, particularly during production of steel products. This has resulted in increased adoption of centrifugal fans over axial fans across Europe’s manufacturing facilities as they are more environment-friendly than their counterparts when it comes time for emission control purposes.
Growth Factors:
- Increasing demand for energy-efficient fans
- Growing construction and infrastructure activities
- Rising industrial output across the globe
- Proliferation of Internet of Things (IoT) in industrial sector
- Technological advancements in fan manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Fans Market Research Report
By Type
Centrifugal Fans, Axial Fans, Centrifugal Fans had a market share of 44% in 2018, following Axial Fans.
By Application
Industrial, Commercial, Others
By Companies
Greenheck, Ebm-Papst, Systemair, Twin City Fan, Air Systems Components, FläktGroup, Soler & Palau, Johnson Controls, Loren Cook, Howden, Zhejiang Shangfeng, Acme Fans, Yilida, New York Blower, Nortek Air Solutions, Polypipe Ventilation, Mitsui Miike Machinery, Hitachi, Nanfang Ventilator, Cofimco, Cincinnati 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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Fans Market Report Segments:
The global Industrial Fans market is segmented on the basis of:
Types
Centrifugal Fans, Axial Fans, Centrifugal Fans had a market share of 44% in 2018, following Axial Fans.
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, 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:
- Greenheck
- Ebm-Papst
- Systemair
- Twin City Fan
- Air Systems Components
- FläktGroup
- Soler & Palau
- Johnson Controls
- Loren Cook
- Howden
- Zhejiang Shangfeng
- Acme Fans
- Yilida
- New York Blower
- Nortek Air Solutions
- Polypipe Ventilation
- Mitsui Miike Machinery
- Hitachi
- Nanfang Ventilator
- Cofimco
- Cincinnati Fan
Highlights of The Industrial 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:
- Centrifugal Fans
- Axial Fans
- Centrifugal Fans had a market share of 44% in 2018, following Axial Fans.
- By Application:
- 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 Industrial 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
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- Understanding Competition Scenario
- Product & Brand Management
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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?
Industrial fans are used in factories, warehouses, and other places where large amounts of air flow is necessary. They are also used in homes to circulate air.
Some of the major players in the industrial fans market are Greenheck, Ebm-Papst, Systemair, Twin City Fan, Air Systems Components, FlƒÂ¤ktGroup, Soler & Palau, Johnson Controls, Loren Cook, Howden, Zhejiang Shangfeng, Acme Fans, Yilida, New York Blower, Nortek Air Solutions, Polypipe Ventilation, Mitsui Miike Machinery, Hitachi, Nanfang Ventilator, Cofimco, Cincinnati Fan.
The industrial fans market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial 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. Industrial Fans Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Fans Market - Supply Chain
4.5. Global Industrial Fans Market Forecast
4.5.1. Industrial Fans Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Fans Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Fans Market Absolute $ Opportunity
5. Global Industrial 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. Industrial Fans Market Size and Volume Forecast by Type
5.3.1. Centrifugal Fans
5.3.2. Axial Fans
5.3.3. Centrifugal Fans had a market share of 44% in 2018, following Axial Fans.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial 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. Industrial Fans Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Commercial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial 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. Industrial 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 Industrial 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. Industrial 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 Industrial Fans Demand Share Forecast, 2019-2026
9. North America Industrial 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 Industrial 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 Industrial Fans Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Commercial
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 Industrial Fans Market Size and Volume Forecast by Type
9.7.1. Centrifugal Fans
9.7.2. Axial Fans
9.7.3. Centrifugal Fans had a market share of 44% in 2018, following Axial Fans.
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 Industrial Fans Demand Share Forecast, 2019-2026
10. Latin America Industrial 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 Industrial 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 Industrial Fans Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Commercial
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 Industrial Fans Market Size and Volume Forecast by Type
10.7.1. Centrifugal Fans
10.7.2. Axial Fans
10.7.3. Centrifugal Fans had a market share of 44% in 2018, following Axial Fans.
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 Industrial Fans Demand Share Forecast, 2019-2026
11. Europe Industrial 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 Industrial 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 Industrial Fans Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Commercial
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 Industrial Fans Market Size and Volume Forecast by Type
11.7.1. Centrifugal Fans
11.7.2. Axial Fans
11.7.3. Centrifugal Fans had a market share of 44% in 2018, following Axial Fans.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections byType
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 Industrial Fans Demand Share, 2019-2026
12. Asia Pacific Industrial 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 Industrial 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 Industrial Fans Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Commercial
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 Industrial Fans Market Size and Volume Forecast by Type
12.7.1. Centrifugal Fans
12.7.2. Axial Fans
12.7.3. Centrifugal Fans had a market share of 44% in 2018, following Axial Fans.
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 Industrial Fans Demand Share, 2019-2026
13. Middle East & Africa Industrial 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 Industrial 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 Industrial Fans Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Commercial
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 Industrial Fans Market Size and Volume Forecast by Type
13.7.1. Centrifugal Fans
13.7.2. Axial Fans
13.7.3. Centrifugal Fans had a market share of 44% in 2018, following Axial Fans.
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 Industrial Fans Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Fans Market: Market Share Analysis
14.2. Industrial Fans Distributors and Customers
14.3. Industrial Fans Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Greenheck
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ebm-Papst
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Systemair
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Twin City Fan
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Air Systems Components
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. FläktGroup
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Soler & Palau
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Johnson Controls
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Loren Cook
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Howden
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zhejiang Shangfeng
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Acme Fans
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yilida
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. New York Blower
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Nortek Air Solutions
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Polypipe Ventilation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Mitsui Miike Machinery
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hitachi
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Nanfang Ventilator
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Cofimco
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook