A recent study by Triton Market Research titled ‘Global Fans and Blowers Market’ comprises the Global Analysis and Forecasts by Technology (Axial Technology, Centrifugal Technology), Deployment (Industrial Deployment [Oil and Gas, Iron and Steel, Construction, Mining, Power Generation, Chemicals, Other Industrial Deployment], Commercial Deployment), and by Geography (Asia-Pacific, Latin America, North America, Middle East and Africa, Europe).
Fans and blowers are deployed for application in various industries, including construction, mining, chemical, and power generation. They are primarily differentiated based on system pressure and method undertaken for moving the air.
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Triton’s research report infers that the global fans and blowers market is probable to surge at a CAGR of 2.12% based on revenue during the forecast years 2019-2028. The market is estimated to gather revenue of $22589 million by 2028.
The rising number of data centers and the surging demand from the power industry, are two essential factors motivating the progress of the fans and blowers market worldwide. Fans are deployed in the power generation sector to supply air needed for combustion, circulate gases, and provide fuel to burners. Therefore, the growing power demand will directly impact the demand for fans and blowers in power plants, which will help the fans and blowers market to reach the anticipated growth during the forecasted years. However, the rising inclination towards renewable energy and high system operating costs and power consumption, are weighing down the fans and blowers market’s expansion to a large extent.
The fans and blowers market is bifurcated into technology and deployment. Based on technology, the market is divided into two categories, namely, axial technology and centrifugal technology. Similarly, the deployment section is divided into industrial deployment and commercial deployment. In terms of industrial deployment, it is branched into oil and gas, iron and steel, construction, mining, power generation, chemicals, and other industrial deployments.
The Asia-Pacific region is the largest market for fans and blowers globally, and holds the largest share. The region’s dominance can be attributable to the surging infrastructural activities in the region’s countries, including India and China. Additionally, the growth in the infrastructural projects, along with the high use of fossil fuels, is influencing the deployment of fans and blowers in the industrial setting. Hence, these factors indicate a robust growth of the fans and blowers adoption in various industries, fueling the fans and blowers market on a growth path.
Gardner Denver Holdings Inc, Acme Engineering and Manufacturing Corporation, Howden Group Ltd, Greenheck Fan Corporation, Pollrich GmbH, CG Power and Industrial Solutions Limited, Airmaster Fan Company Inc, Continental Blower LLC, Loren Cook Company, and DongKun Industrial Co Ltd are well-known companies thriving in this market.
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Question & Answer: Fans and Blowers Market
Question 1: What major factors are motivating the progress of the fans and blowers market?
Answer: The rising number of data centers and the surging demand from the power industry, are two essential factors motivating the progress of the fans and blowers market worldwide.
Fans are deployed in the power generation sector to supply air needed for combustion, circulate gases, and provide fuel to burners. Therefore, the growing power demand will directly impact the demand for fans and blowers in power plants, which will help the fans and blowers market to reach the anticipated growth during the forecasted years.
Question 2: What factors are weighing down the fans and blowers market’s expansion?
Answer: The rising inclination towards renewable energy and high system operating costs and power consumption, are weighing down the fans and blowers market’s expansion to a large extent.
Question 3: Which region is expected to become the largest market for the fans and blowers?
Answer: The Asia-Pacific region is the largest market for fans and blowers globally, and holds the largest share. The region’s dominance can be attributable to the surging infrastructural activities in the region’s countries, including India and China. Additionally, the growth in the infrastructural projects, along with the high use of fossil fuels, is influencing the deployment of fans and blowers in the industrial setting. Hence, these factors indicate a robust growth of the fans and blowers adoption in various industries, fueling the fans and blowers market on a growth path.
Question 4: Which are the well-known companies thriving in the fans and blowers market?
Answer: Gardner Denver Holdings Inc, Acme Engineering and Manufacturing Corporation, Howden Group Ltd, Greenheck Fan Corporation, Pollrich GmbH, CG Power and Industrial Solutions Limited, Airmaster Fan Company Inc, Continental Blower LLC, Loren Cook Company, and DongKun Industrial Co Ltd are well-known companies thriving in this market.
Related Report:
Global Portable Air Purifier Market
The global portable air purifier market is registered to advance at a CAGR of 9.12% during the forecast period of 2019-2028, while acquiring $16054 million by 2028.
Portable air purifiers are deployed in an indoor setting to improve the air quality by eradicating harmful pollutants. They are primarily set up in offices, schools, hospitals, and hotel rooms.
The market for portable air purifiers is mainly motivated by several factors, including the impact of low air quality on the economy and health disorders caused by air pollutions. The rising demand for smart air purifier and surging demand for air filtration in hospitals, are generating several growth opportunities for the studied market.
However, harmful by-products and high operation costs, are major restraining factors hindering the portable air purifiers market to a large extent.
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