The global fans and blowers market size was valued at USD 5.15 billion in 2022. It is projected to reach USD 10.62 billion by 2031, growing at a CAGR of 6.8% during the forecast period (2023-2031).
Industrial fans and blowers are types of equipment that produce much air for various uses, including conveying, aspirating, cooling, ventilating, and cleaning the air. These gadgets are used in multiple sectors, including the chemical, petrochemical, automotive, food and beverage, chemical, and fertilizer industries. They are divided into four groups according to the force they employ to move: centrifugal, axial, mixed flow, and crossflow. The market for fans and blowers is anticipated to expand as commercial kitchens expand worldwide. Commercial kitchens, including culinary and shared kitchens, kitchen incubators, and food innovation centers, are ready-to-use, fully supplied, and designed for sharing.
In order to maintain indoor air quality and a dust-free environment for people to work in, fans and blowers are employed in a variety of industries, including chemical, oil and gas, steel plants, food processing, etc. The market is anticipated to increase due to the expanding trend of industrialization in many nations, including new factories, power plants, and other manufacturing industries. Iron and steel factories, chemical plants, fuel-based power plants, etc., which have been on the stage of growth in recent years, are the industries that consume the most air equipment. For instance, the Indian government intended to build six steel factories in Odisha in August 2022. Tata Steel, ArcelorMittal Nippon Steel, and the Adani group are among the project's investors. Currently, the chemical sector is expanding, especially in European nations. Due to these trends, it is projected that the industrial sector will dominate other deployment segments throughout the forecast period.
Fans and blowers used in the energy industry are mainly manufactured at power facilities that run on fossil fuels or nuclear fission. The demand for conventional cooling equipment like fans and blowers is significantly mitigated in renewable power facilities. The previous ten years have seen considerable growth in renewable power generation capacity. This trend is anticipated to continue, increasing the share of renewables in global power generation during the forecast period.
Governments all across the world are promoting the production of renewable energy through a variety of programs, including subsidies, tax breaks, and net metering/net billing incentives.Therefore, it is anticipated that the share of renewable energy in the world's power generation will rise due to the falling cost of renewable energy, the phase-out of nuclear and coal power plants, and government subsidies for renewables. The growing share of renewables in the global power sector is anticipated to restrain the fans and blowers market during the forecast period because the requirement for fans and blowers for renewable power plants is significantly lower than that for conventional fossil-fired and nuclear power plants.
Pollutant levels in the atmosphere are rising due to the continuous industrialization undertaken to support global economic growth. The average building height and traffic congestion have risen along with increasing urbanization and population. The need for ventilating equipment, which compensates for the lack of adequate ventilation, is anticipated to grow during the projected period, creating a growth opportunity for the market under study. Urban vehicle density has increased air pollution, and the lack of natural ventilation worsens the problem, with longer-lasting and more intense impacts.
Additionally, because an improvement in ventilation is not anticipated, the only way to ameliorate the current situation is by installing artificial ventilation systems that use big fans and blowers. Increased individual money, changing lifestyles, and an unclean way of life have encouraged people to be overly careful about the effects on their health. This is anticipated to significantly increase demand for household blowers and ventilation systems during the projection period.
The global fans and blowers market is segmented by technology and deployment.
Based on technology, the global fans and blowers market is bifurcated into centrifugal and axial.
The centrifugal segment is the highest contributor to the market and is estimated to grow at a CAGR of 5.2% during the forecast period. Blowers and squirrel cage fans are two common names for centrifugal fans. These fans accelerate the pressure produced by drawing air through the impeller's center and out to the blade tips. Their unique operating mechanism refers to these fans as centrifugal fans. As the compressed air leaves the impeller, it slows down, turning the kinetic energy into an increase in static pressure. As a result, these fans can produce substantially higher pressures than axial fans. While centrifugal fans can run at particular ratios up to 1.20, axial fans usually operate at a specific percentage of 1.11. The main applications for centrifugal fans and blowers are drying, heating, and chilling. Applications like central air conditioners and ventilation systems for buildings use centrifugal fans. As axial fans and blowers produce low-pressure airflow, centrifugal fans and blowers have high-pressure airflow. Centrifugal blowers are also utilized in industrial applications where a continuous flow of vast volumes of air is necessary, such as ventilation, air conveyor systems, dust management, industrial vacuum applications, and other industrial operations.
Wastewater treatment facilities work in a challenging, toxic, caustic, and strictly controlled environment. In such demanding industrial applications, centrifugal fans and blowers are used. Throughout the forecast period, factors such as expansion in the construction industry, efforts to implement energy efficiency standards, and the desire to meet minimum ventilation limits in residential and commercial buildings are anticipated to increase demand for centrifugal fan and blower manufacturers over the world.
Users observe significant cost savings thanks to the ability of axial fans to create more air circulation while using significantly less energy. They are often used in residences and businesses and are currently used in industrial settings as a less expensive alternative to centrifugal fans. While larger axial fans are employed in more extensive facilities like factories, warehouses, and other commercial buildings, smaller ones are appropriate for locations like workshops and garages. Axial fans or blowers of the tube type are typically employed to remove hot or dirty air from industrial environments. For ventilation and cooling purposes, axial fans and blowers are also in high demand in wastewater treatment facilities. Axial fans and blowers are widely used in the residential sector in most homes for HVAC, window, ceiling, and exhaust fans, as well as being incorporated into household appliances like refrigerators and laundry dryers. Axial fans have several benefits, including affordability, lightweight, and compactness.
Based on deployment, the global fans and blowers market is bifurcated into industrial and commercial.
The industrial segment owns the highest market and is estimated to grow at a CAGR of 5.9% during the forecast period. Complex fan components are also needed for standby power plants' utilization of fuel cells. The maintenance of operational standards, increasing process efficiency, and regulating airborne dust particle levels all depend on the performance of the fans and blowers in power production plants. The need for energy is increasing quickly due to population and industrial development. In addition, the rising per capita energy consumption in developing nations is projected to result in a substantial need to construct power infrastructure soon.
Additionally, when cars become electrified, there will likely be a rise in power demand. Several nations have set goals for gradually banning the sale of passenger vehicles that use fossil fuels. Despite the increased emphasis on renewable energy, conventional power generation still accounts for the world's electricity demand. This trend is anticipated to last during the forecast period. The significant expansion of traditional power plant projects, including greenfield and brownfield projects, is therefore likely to result from the increase in energy demand, notably in the Asia-Pacific area. It is anticipated that the expansion of traditional power plants will fuel demand for fans and blowers during the projected period.
The number of commercial buildings is also growing rapidly as a result of significant investments in the industry, notably in developing countries like China and India. Even mature economies are anticipated to deploy fans and blowers on a significant scale for commercial buildings with the advent of pollution reduction programs, resulting in a massive rise in the market. As the use of cloud technology spreads, countries all over the world are anticipated to see a tremendous increase in the building of data centers. This will drive the market for fans and blowers during the expected timeframe.
Between 2018 and 2020, the US may need to build 4,000 additional data center facilities in North America. Such facilities need roughly 200,000 square feet and 25 MW of power to be built. Thus,the pressure was placed on the nation's data center infrastructure, especially in the last three years. As a result, investments in creating new data center infrastructure and modernizing existing data centers are expanding quickly. Fans are a crucial component of the cooling system infrastructure for data centers, which accounts for the most significant portion of capital expenditures for infrastructure creation. Therefore, it is anticipated that the expansion of the data center business will significantly increase the demand for fans and blowers in the commercial sector.
The global fans and blowers market is divided into four regions: North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is the most significant revenue contributor and is expected to grow at a CAGR of 6.2% during the forecast period. China has played a substantial role in advancing the global manufacturing industry. The nation leads the world in producing steel, chemicals, electricity, and cement. It is also a significant force in the petrochemical and refining sectors. China's manufacturing industry primarily relies on exports, with the United States contributing a sizeable portion of those exports.Consequently, the escalating US-China trade war has negatively impacted investors' confidence in the industrial sectors. As a result, it is anticipated that new investments in the Chinese manufacturing sector will be limited, which will have a detrimental effect on the demand for the market under study over the projection period.
In addition, Japan has the largest coal plant pipeline of any developed nation and the world's sixth-largest coal plant footprint. While some outdated coal plants may be shut down, 15,114 MW of new coal capacity is now being developed, securing the country's future energy dependence on high levels of carbon. An essential primary industry and contributor to the Australian economy has been mining. The nation is one of the top six producers of lithium ore and possesses enormous lithium resources. Therefore, it is anticipated that the mining industry will dominate the fans and blowers market.
North America is expected to grow at a CAGR of 5.57% over the forecast period. In the United States,fans and blowers are in high demand in the commercial sector. The need for new corporate offices, office relocations, more warehouses, and distribution centers, as well as the necessity to upgrade outmoded infrastructure due to technical and logistical requirements, are what propel the commercial sector. Furthermore, investments in outpatient facilities are being driven by the aging population and the rise in chronic illness. These factors have raised construction sector spending, which has increased the demand for the goods and raw materials needed for construction. The ventilation systems in the new infrastructure are therefore in better shape. 18.2% of the world's goods were produced in the U.S. in 2018. The nation's environment in the past encouraged imports. However, the industry is anticipated to grow more swiftly than the economy and fast return due to recent pragmatic initiatives, such as tax cuts. As a result, there will likely be a sizable market demand for fans and blowers due to the expansion of the domestic manufacturing industry.
Further, winter natural ventilation was excessive in Canadian dwellings, resulting in high fuel consumption and dry air. Canada's buildings have become more airtight due to an increased emphasis on limiting heat leakage. The Canadian manufacturing sector is predicted to expand moderately. The fact that Canada has higher labor costs and a less efficient cost structure than other significant nations is one of the leading causes of the manufacturing sector's delayed growth. Market growth is anticipated to be constrained by the manufacturing sector's sluggish expansion.
Europe is expected to grow significantly over the forecast period. The United Kingdom is anticipated to drive the market for fans and blowers during future industrial expansion. The country is now developing new industrial projects, which could significantly boost the future demand for fans and blowers. With around 9,500 food manufacturing facilities in the UK, the business is expanding, which is anticipated to improve the current assets. During the predicted period, the growth of the power infrastructure in the UK may be a factor in the demand for fans and blowers. According to the Energy and Climate Intelligence Unit (ECIU), power plant operators have been guaranteed capacity market subsidies totaling GBP 3.4 billion, many of which are gas-fired operations. This breakthrough will probably lead to further capacity expansion and, in the near future, increase demand for fans and blowers.
In addition, industrial items benefit greatly from France's solid industrial infrastructure. Therefore, it is anticipated that the growth of infrastructure and vital industrial infrastructure will promote the market for fans and blowers. The second-largest export industry in France is food, with about 70% of exports going to other European countries. Food exports include beverages, alcohol, meat, dairy products, and other foods. France's thriving food industry is predicted to fuel the nation's demand for fans and blowers.
The Kingdom of Saudi Arabia is one of the world's top oil producers,with 10.32 million barrels per day of crude oil in 2018. Despite declining global crude oil prices, Saudi Arabia has maintained intense oil output levels. To fulfill its export promises, Saudi Arabia keeps up with increases in its oil and gas output. The nation has plans to boost gas production and promote gas use in the industrial and electricity sectors as well as in its overall energy mix. The United Arab Emirates mining sector mainly focuses on sand and rock exploration to provide building stones and cement for construction. With a wide variety of minerals, including copper mines, gypsum, and those used to extract metals and precious stones, the mining industry in the United Arab Emirates has the potential to draw investors. The demand for fans and blowers is anticipated to rise during the forecast period due to the anticipated substantial expenditure.
Furthermore, Brazil has sizeable natural gas reserves, which the government wants to tap into to boost economic growth. The government also intends to draw investments in the midstream industry to achieve cheap domestic energy. The growth of the country's downstream industry is given possibilities by the upstream and midstream sector development, which can benefit the market over the forecast period.
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