Global Industrial Fans and Blowers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Industrial Fans and Blowers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Industrial fans and blowers are machines whose primary function is to provide and accommodate a large flow of air or gas to various parts of a building or other structures. This is achieved by rotating a number of blades, connected to a hub and shaft, and driven by a motor or turbine.

Market Overview:

The latest research study on the global Industrial Fans and Blowers market finds that the global Industrial Fans and Blowers market reached a value of USD 7092.13 million in 2022. It’s expected that the market will achieve USD 8211.71 million by 2028, exhibiting a CAGR of 2.47% during the forecast period.

Influence of COVID-19 Outbreak on Industrial Fans and Blowers Industry Development

The impact of COVID-19 on Industrial Fans and Blowers will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely impeded, production plans have been severely impeded, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee income have been damaged.
COVID-19 has a huge impact on the operation of the industry, of which the impact on SMEs is more obvious. The suspension of production not only exacerbates the shortage of funds for SMEs, but also reduces the solvency of the enterprise and may affect production and sales. Some enterprises have difficulty operating and even go bankrupt.
The final impact on the Industrial Fans and Blowers industry will depend on when the epidemic fades. However, so far, the turning point has not yet arrived, and the negative impact of the epidemic on the global economy has already emerged. The OECD expects a 6% decline in the global economy, and a 7.6% decline if the epidemic fluctuates for the second time. Therefore, we expect negative growth in the Industrial Fans and Blowers industry this year.

Strength

Good user experience: The main functions of industrial fans and blowers are machines that supply and contain large amounts of air or gas to various parts of buildings or other structures. Industries served include power generation, pollution control, metal manufacturing and processing, cement production, mining, petrochemicals, food processing, low temperature and clean rooms, etc. They can effectively solve the cooling problem. To a certain extent, there will be sultry phenomenon in the production of industrial plants, especially in certain spring and summer seasons, it will produce a severe heat sensation. The natural breeze generated by the fan blows on the human body, promotes the evaporation of sweat to take away the heat, and cools the human body, which is one of the effective cooling methods. In addition, in all kinds of production workshops, especially manufacturing workshops, metal dust, wood dust, and harmful smoke are more or less generated in the production process. Although the factory building is tall and spacious, it is relatively independent in space. When the air circulation is poor, it will cause the dust or harmful gas concentration to be too high, affecting the health of the staff and even causing occupational diseases. By using industrial large ceiling fans to rotate, air quality can be improved.

Weakness

Fierce competition: The industry is highly competitive. Companies that has already had loyal customers, mature teams and comprehensive understanding of customer needs may be less affected. However, if the newly entered company does not have a strong team, sufficient funds and mature sales channels, it is difficult to gain a place in the market.
Environmental protection risks: With the increasing awareness of environmental protection in the whole society, the environmental protection work of various countries has been continuously strengthened. In the future, more stringent environmental protection standards may be introduced to put forward higher environmental protection requirements for enterprises in the manufacturing industry. The improvement of environmental protection standards requires the company to further increase environmental protection investment and increase operating costs, which may have a certain impact on the company's profit level. In addition, if the company's sewage treatment is unreasonable, and the occurrence of environmental pollution accidents such as exhaust gas leakage, the company will face the risk of administrative penalties and rectification of production suspension, which will adversely affect the company's performance.

Region Overview:

In 2022, the share of the Industrial Fans and Blowers market in North America stood at 33.46%.

Company Overview:

EBM-PAPST is one of the major players operating in the Industrial Fans and Blowers market, holding a share of 19.7% in 2021.

EBM-PAPST

ebm-papst, Inc. designs and manufactures fans and motors. The company offers compact fans, axial fans, centrifugal fans, tangential blowers, gas blowers, pumps, motors, and accessories, as well as contract manufacturing services for markets, including agriculture, air-conditioning and ventilation, appliance, commercial refrigeration, heating, industrial, lighting, IT/telecom, medical, transportation, and more. It also offers support services. The company was formerly known as ebm Industries, Inc. and changed its name to ebm-papst, Inc. in November 2003.

Howden

Howden Group Ltd. designs and manufactures air and gas handling equipment. It offers axial fans that include adjustable pitch axial fans, FRP cooling fans, standard axial fans, and variable pitch axial fans; centrifugal fans that include engineered heavy duty fans, engineered industrial fans, standard/configured fans, and T range single and double stage centrifugal blowers; and other products that include air and gas filtration and cooling, automation and instrumentation for mining, heat treatment products, high pressure fans and blowers, incinerators, mechanical dust collectors, mining ventilation design and control products, motors and generators, nuclear circulators and blowers, oil cooler and so on.

Segmentation Overview:

Among different product types, Cage Fans segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Industrial Fans and Blowers market covered in Chapter 3:

Cofimco
Howden
Yilida
Nortek
New York Blower
Twin City Fan
Zhejiang Shangfeng
Johnson Controls
Ebm-Papst
Loren Cook
Soler & Palau
Fläkt Group
Systemair
Greenheck Fan

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Fans and Blowers market from 2018 to 2029 is primarily split into:

Ceiling Fans
Cage Fans
Wall Mountable Fans
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Fans and Blowers market from 2018 to 2029 covers:

Industrial
Commercial
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)