Industrial & Commercial Fan & Blower Manufacturing
The Industrial and Commercial Fan and Blower Manufacturing industry has experienced a decline in revenue over the past five years, as the industry suffered when subjected unfavorable external conditions. Though demand for industry products from heating and air-conditioning contractors and refrigeration equipment wholesalers increased over the five years to 2017, the fluctuating value of private nonresidential construction, a sector that drives industry demand, was detrimental to revenue growth. Furthermore, the appreciation of the US dollar in the past five years contributed to a rising level of competition from foreign imports. Over the five years to 2022, however, the industry is projected to experience growth, as the value of private nonresidential construction is projected to increase in conjunction with the expected depreciation of the US dollar. Continued steady growth in the industrial production sector and a growing market for environmentally friendly products are also expected to help boost industry revenue over the next five years.
This industry manufactures a variety of air ventilation and circulation equipment, such as attic fans, blowers and exhaust fans, for use in industrial, commercial and aerospace settings.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.