The Fans and Blowers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Fans and Blowers Global Market Report 2024, The fans and blowers market size has grown strongly in recent years. It will grow from $6.33 billion in 2023 to $6.78 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to industrialization and manufacturing growth, construction and infrastructure development, energy efficiency requirements, regulatory standards for air quality, HVAC system upgrades.
The fans and blowers market size is expected to see strong growth in the next few years. It will grow to $8.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to green building initiatives, rise in data center construction, focus on indoor air quality, advanced materials and manufacturing processes, global expansion in manufacturing. Major trends in the forecast period include digitalization and smart technologies, technological advancements in design, rise in energy-efficient designs, expansion in industrial Internet of Things (IIOT) applications, increased focus on noise reduction.
The growing construction sector is expected to propel the growth of the fans and blowers market going forward. The construction sector refers to the sector of industry and trade that deals with creating, maintaining, and repairing infrastructures. Fans and blowers are used in the construction sector to provide air for ventilation and industrial process requirements. For instance, in January 2022, according to Global Construction Perspectives and Oxford Economics, a UK-based leader in global economic forecasting and econometric analysis, by 2030, the global construction production is expected to increase by 85% to $15.5 trillion, with China, the United States, and India taking the lead and contributing 57% of the increase. Over the next 15 years, the US construction market is going to expand more quickly than China’s. Therefore, the growing construction sector is driving the growth of the fans and blowers market.
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The fans and blowers market covered in this report is segmented –
1) By Type: Centrifugal Fans And Blowers, Axial Fans And Blowers, Other Types
2) By Distribution Channel: Online, Offline
2) By Application: Industrial, Commercial, Other Applications
Major companies operating in the fans and blowers market are developing new solutions such as blowers with aerospace technology to gain a competitive edge in the market. Blowers with aerospace technology refers to a category of blowers or fans that incorporate advanced technologies and design principles derived from the aerospace industry. For instance, in October 2023, Whisper Aero, a US-based electric propulsion company launched an ultra-quiet electric leaf blower. The leaf blower is intended to outperform competing models in the market in terms of power, quietness, and energy efficiency. Whisper Drive-enabled leaf blowers reduce noise pollution in communities by up to 40 times at a distance of 50 feet compared to competitors. When operating at 50 feet and full throttle, the leaf blower produces noise levels of only 45 dB in comparison, gas leaf blowers produce sounds of between 70 and 90 dB, and the quietest electric leaf blowers available produce sounds of between 57 and 59 dB.
The fans and blowers market report table of contents includes:
1. Executive Summary
2. Fans and Blowers Market Characteristics
3. Fans and Blowers Market Trends And Strategies
4. Fans and Blowers Market – Macro Economic Scenario
5. Global Fans and Blowers Market Size and Growth
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26. South America Fans and Blowers Market
27. Brazil Fans and Blowers Market
28. Middle East Fans and Blowers Market
29. Africa Fans and Blowers Market
30. Fans and Blowers Market Competitive Landscape And Company Profiles
Top Major Players:
- ABB ltd.
- Johnson Controls International PLC
- Nidec Corporation
- Systemair AB
- Patterson Companies Inc
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