Market Dynamics: Opportunities and Challenges in Industrial Fans Industry
Industrial fans and blowers are devices that are used to provide large amounts of air to various parts of a building; or wherever airflow is needed for exhausting, aspirating, cooling, ventilating, conveying and other applications. These are used in various industries such as chemicals, petrochemicals, wood, automotive, food and beverage, and so on.
Industrial Fans is currently in the midst of an expanding market, with a market size of approximately 6965 Million USD in 2018 as product upgrades and downstream applications expand. It is expected to grow to 8329 Million USD in 2023.
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Segmentation
Types
This report focuses on the following types of Industrial fans:
Centrifugal Fans
Axial Fans
Ceiling Fans
Cage Fans
Wall Mountable Fans
Other
Axial Fans means the axial of fans design uses axial forces to achieve the movement of the air or gas, spinning a central hub with blades extending the code from its outer diameter. The fluid is moved parallel to the fan wheel's shaft, or axis of rotation. In 2018, Axial Fans has a market share of approximately 36%.
Applications
Industrial
Commercial
Although Industrial Fans are mostly used in the industrial sector, many of the larger commercial areas of the field will also be used in Industrial Fans, For example, densely populated shopping malls, squares or restaurants. In 2018, Industrial has a 46% share of the global market, and its market share is expected to drop to 44% in 2023. Due to the increased availability of Industrial Fans in the commercial sector, some commercial applications, such as restaurants or concert halls, are accompanied by popular aesthetics. The changes and the performance of Industrial Fans' products will be increasingly used in Industrial Fans.
Competitive Landscape
Ebm-Papst
领英推荐
Soler & Palau
Howden
Twin City Fan
Acme Fans
Systemair
Johnson Controls
Nortek Air Solutions
Greenheck Fan
Yilida
Air Systems Components
Loren Cook
Cofimco
Fl?kt Group
New York Blower
Zhejiang Shangfeng
Most of Industrial Fans' manufacturing companies are from Europe and the United States. Due to its low technical content and many market participants, Top 3 companies accounted for 33% of the global market share in 2018, and the market competition is relatively high.
Region Analysis
Due to the large number of large enterprises, the perfect production chain and the highly automated production process in Europe, these factors have contributed to Europe becoming the largest market share in the world in 2018, accounting for 34% of the market.
Howden acquires Advanced Combustion Inc. and Advanced Fan Systems. Advanced Combustion Inc. (ACI), located in Toronto (Canada), is the leading designer, manufacturer and installer of mine air heating equipment for the mining industry. This acquisition is a further continuation of Howden’s total mine ventilation solutions strategy to provide the global mining industry with a portfolio of best-in-class products, controls and services that gives customers the most efficient solution to their ventilation needs.