Global Industrial Fans and Blowers Market 2017-2021
About Industrial Fans and Blowers
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. According to the purposes that they serve, industrial fans/blowers can be categorized into the following: Axial flow, Centrifugal or radial flow, Mixed flow, and Crossflow.
Technavio’s analysts forecast the global industrial fans and blowers market to grow at a CAGR of 4.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial fans and blowers market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Fans and Blowers Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial fans and blowers market: ebm-papst, Fläkt Woods Group, Greenheck Fan, and Howden Group.
Other Prominent Vendors in the market are: Acme Engineering & Manufacturing, Air King America, Continental Blower, CG Power and Industrial Solutions Limited, DongKun Industrial, Gardner Denver, Hürner-Funken, LOREN COOK COMPANY, Nidec, and Wuhan General Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is energy-efficient fans and blowers. Industrial fans and blowers are equipment that can work for years and consume a huge amount of electricity, as they must rotate at very high speeds to maintain the temperature or to remove the dust. A major share of the electricity consumed can be reduced if companies start to use energy-efficient industrial fans and blowers.”
According to the report, one driver in the market is growth in food industry. Rising demand and consumption of food and beverages have led to the growth of the food and beverage industry. Government support and initiatives have aided in the growth of this sector. For example, the Indian government has initiated the Make in India program, which mainly focuses on manufacturing all products locally. Though the food processing sector in India is not very big, it offers a huge growth potential as it directly links India's economy, industry, and agriculture.
Further, the report states that one challenge in the market is fluctuations in raw material prices. Steel, aluminum, and other metal alloys are the most common raw materials used in the manufacturing of fans and blowers. These materials have volatile prices that affect manufacturers as well as the end-user segments adversely. The expanding gap between demand and supply increases the cost of raw materials. The cost of these materials keeps on fluctuating continuously due to their scarcity and inflationary pressures. Fluctuations in raw material prices impact the productivity of vendors in terms of the number of units they need to manufacture.
ebm-papst, Fläkt Woods Group, Greenheck Fan, Howden Group, Acme Engineering & Manufacturing, Air King America, Continental Blower, CG Power and Industrial Solutions Limited, DongKun Industrial, Gardner Denver, Hürner-Funken, LOREN COOK COMPANY, Nidec, and Wuhan General Group.