Middle East & Africa Industrial Fans Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Centrifugal and Axial), Industrial (Chemical & Petrochemicals, Healthcare, Automotive Manufacturing, Food & beverage, Oil & Gas, Mining, an

Middle East & Africa Industrial Fans Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Centrifugal and Axial), Industrial (Chemical & Petrochemicals, Healthcare, Automotive Manufacturing, Food & beverage, Oil & Gas, Mining, and Others)

The Middle East & Africa industrial fans market is expected to grow from US$ 427.82 million in 2022 to US$ 605.53 million by 2028. It is estimated to grow at a CAGR of 6.0% from 2022 to 2028.

Rise in Power Consumption due to Urbanization is Likely to Provide Ample Opportunities for Middle East & Africa Industrial Fans Market Growth During the Forecast Period

The global power demand is rising due to a surge in economic development, rise in population, high standards of living, and rise in technological developments. Developed countries consume huge amounts of energy, and the demand for energy is increasing in developing countries. Rapid urbanization led to the development of the processing & manufacturing industry, which requires a huge amount of power for all their operations. As more people are shifting to urban areas, the demand for energy for lighting, cooking, domestic appliances, and heating is also expected to increase. Further, the growing use of air conditioners in homes and offices worldwide is the key factor driving the global demand for electricity. The rising power consumption will further increase the incorporation of power generation units such as nuclear power plants, hydropower plants, coal, and thermal power plants. Such power plants will require industrial fans for combustion and provide cooling to the inverters and generators., which will further increase the demand for industrial fans in coming years. Thus, the increasing demand for power and electricity is likely to provide ample opportunities for the Middle East & Africa industrial fans market growth during the forecast period.

Middle East & Africa Industrial Fans Market Overview

The Middle East & Africa industrial fans market is growing in the Middle East and Africa. Due to the UAE's desert climate and the incoming humidity from the Persian Gulf, the country witnesses unbearable heat for most of the year; therefore, the country has become one of the largest and most promising markets for Industrial fans in the Middle East. Moreover, the continuous inflow of capital from the government and private-sector entities is projected to drive the automotive sector, creating a high demand for Industrial fans in the coming years. For instance, the government of Abu Dhabi plans to pursue a new project, the Abu Dhabi 2030 plan,to reduce the dependence on the oil & gas sector. It will focus on developing sufficient resilient infrastructure to support anticipated economic growth. Consequently, the expansion in infrastructure activities in the region is further expected to boost the chemical, healthcare, and oil & gas industries, which is projected to augment the growth Industrial fans market in the Middle East. In Africa, there is an increase in infrastructure investments in commercial and Industry sectors. A surge in demand for energy in the region is projected to generate extensive use of Industrial fans. Other critical indicators reinforcing the demand for Industrial fans include the need for a comfortable and safe indoor environment post-COVID-19 and the climate change influencing the ventilation system across several industries in Africa. Prominent players in the MEA industrial fans market have taken several strategic initiatives to accelerate the market's growth. For instance, in June 2021, Howden Group—a leading global provider of mission-critical air and gas handling products—acquired Fancraft (Pty) Ltd. In South Africa. Fancraft is an independent aftermarket services company focused on the maintenance, repair, and installation of air and gas rotating equipment. The combination of Fancraft with Howden's South African business will allow expanding its aftermarket service capabilities while providing Fancraft customers with access to Howden's network of technologies and global experts. Therefore, Howden's expansion in South Africa will boost the demand for standard centrifugal and mixed-flow Industrial fans.

Middle East & Africa Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Industrial Fans Market Segmentation

The Middle East & Africa industrial fans market is segmented into technology, industrial, and country.

Based on technology, the Middle East & Africa industrial fans market is bifurcated into centrifugal and axial. In 2022, the axial segment registered a larger share in the Middle East & Africa industrial fans market.

Based on industrial, the Middle East & Africa industrial fans market is segmented into chemical & petrochemicals, healthcare, automotive manufacturing, food & beverage, oil & gas, mining, and others. In 2022, the chemical & petrochemicals segment registered a largest share in the Middle East & Africa industrial fans market.

Based on country, the Middle East & Africa industrial fans market is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. In 2022, South Africa segment registered a largest share in the Middle East & Africa industrial fans market.

Airmaster Fan Co; ebm-papst Inc; FlaktGroup Holding GmbH; Greenheck Fan Corp; Johnson Controls International Plc; and Systemair AB are the leading companies operating in the Middle East & Africa industrial fans market.

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