The Global Market for Industrial and Commercial Fans and Blowers is Forecast to Reach US$8.9 Billion by 2022

Indispensable Use in HVAC, Ventilation & Process Cooling & Emerging New Applications in Industrial Water Treatment to Benefit Demand for Industrial & Commercial Fans & Blowers, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Industrial and Commercial Fans and Blowers markets. The global market for Industrial and Commercial Fans and Blowers is forecast to reach US$8.9 billion by 2022, spurred and sustained by emerging new applications in wastewater treatment plants, and indispensable use in industrial HVAC, ventilation and process cooling.

Industries and commercial facilities typically require low-pressure and high volume air movement for ventilation, circulation and industrial processes, thus calling for the use of fans and blowers. In the industrial sector, fans and blowers find use in process-critical applications, safety-ventilation and material handling applications. Petrochemicals, mining, metallurgy, chemical processing, power generation, automotive, agriculture, and pulp/paper production among others, represent key industrial end-users of fans and blowers. Fans and blowers are vital for dehumidifying, processing and controlling gaseous fumes generated during industrial processes, thus helping reduce the ecological impact of industrial production/processes. In commercial facilities such as retail/shopping centers, malls, multiplexes etc., fans and blowers are mostly used for HVAC applications. The demand for fans and blowers is closely linked to macroeconomic factors such as level of industrial production, manufacturing capacity utilization rates, and health of commercial activity. The current outlook in the market is therefore a mixed scenario of profits and losses, opportunities and challenges. 

While the anemic global economic growth and sluggish industrial output are impacting demand in manufacturing and industrial sectors, steady demand from the energy sector brings hope for growth. Escalating consumer and industrial demand for electricity is encouraging capacity expansion and installation of new power generation facilities, including those based on traditional fossil fuel and nuclear powered units, thus bolstering demand for air-moving equipment such as fans and blowers in the energy sector. Rotary heat exchangers and fans are widely used for boiler draught applications as well as for emission control in the nuclear power sector.  In addition, the strong environmental protection drive, coupled with the recent changes in global fuel trade dynamics, is buoying demand for special exhaust and cooling fans for use in gas-turbines and large-scale induced draft fans and blowers for use in waste heat recovery steam generators. Demand is also expected to gain from stricter government regulations on industrial and power generation sectors for curbing emissions of greenhouse gases and hazardous air pollutants. Also, the air purification equipment market will be stimulated by upgrades and retrofitting of existing plants, as power producers invest in industrial and commercial fans and blowers as a quick fix solution to adhere to specified emission directives.

As stated by the new market research report on Industrial and Commercial Fans and Blowers, the United States represents the largest market worldwide. Asia-Pacific, led by China, represents the fastest growing market with a CAGR of 5.5 % over the analysis period. Major factors driving growth in the region include stable GDP gains in emerging Asian economies, rapid industrialization, establishments in new industrial plants and factories, expansion of the manufacturing sector, and investments in new power generation plants.   

Major players covered in the report include Acme Engineering & Manufacturing Corporation, Air System Components Inc., Airmaster Fan Company Inc., Continental Blower LLC, CECO Environmental, Crompton Greaves Limited, DongKun Industrial Co. Ltd., Fläkt Woods Group SA, Gardner Denver Inc., Greenheck Fan Corp., Howden Group Ltd., Loren Cook Company, PennBarry, Robinson Fans, Inc., The New York Blower Company, and Tuthill Corporation, among others.

The research report titled “Industrial and Commercial Fans and Blowers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of growth drivers, trends, issues, challenges, and mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides sales estimates and projections in US dollars for major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World markets.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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