According to Inkwood Research, the Global Fans and Blowers Market is projected to register a CAGR of 2.63% in terms of revenue during the forecasting years of 2019-2028.
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Most manufacturing plants mainly use fans and blowers for industrial
processes, in addition to ventilation that requires airflow. Fan systems
comprise a fan, electric motor, flow control devices, drive system, ducts or
piping, and air condition equipment like heat exchangers, filters, and cooling
coils. These components are vital, for ensuring that the manufacturing
processes work. Moreover, the American Society of Mechanical Engineers (ASME)
defines fans and blowers using the specific ratio of the discharge pressure,
over suction pressure.
Growing
Demand for Commercial Kitchens Fuels Market Growth
The commercial kitchens market is projected to observe
significant growth over the upcoming years. This is primarily attributed to the
development of the travel and tourism industry, and the rising appeal of Quick
Service Restaurants (QSR), among millennials. Moreover, the increasing demand
for drive-through meals, the surging number of working women and nuclear
families, the fast-paced life in cosmopolitan cities and metros, and the rise
in disposable income, further drive the demand for commercial kitchens.
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Axial Segment
Dominated the Technology Category in 2019
Axial fans are generally deployed for moving an airstream
along the fan’s rotating axis. Then, the pressure is generated through the fan
blades’ aerodynamic lift. The number of blades attached to the fan and the
motor’s capacity to run the fan differs, based on the application. Axial fans
and blowers have a high flow rate, and generate a low-pressure airflow. They
are highly suitable for applications that need a large amount of air moving.
The fan’s commercial application includes handling clean air with high flow
rates. Moreover, axial fans are commonly found in commercial and residential
spaces, and are presently being implemented for industrial applications. As a
result, they serve as an alternative for the more expensive centrifugal fans.
Asia
Pacific to be the Major Region by 2028 in terms of Revenue
Due to increased industrialization, the Asia Pacific
contributes the highest revenue share across the global fans and blowers
market. Additionally, the growing infrastructural projects, integrated with the
surging use of fossil fuels, have driven the need for fans and blowers in the
region’s industrial avenues.
The fans and blowers market is mostly fragmented, owing to
the presence of numerous small and big players, in addition to domestic and
foreign players. As a result, the low firm concentration leads to an intense
competitive rivalry across the market. Major companies operating in the market
include, Howden Group Ltd, CG Power, and Industrial Solutions Limited, Gardner
Denver Holdings Inc, Loren Cook Company, Airmaster Fan Company Inc, Pollrich
GmbH, etc.
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technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises of North & South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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