Global Power Generation Axial Fan Market Growth 2026-2032
Description
The global Power Generation Axial Fan market size is predicted to grow from US$ 946 million in 2025 to US$ 1315 million in 2032; it is expected to grow at a CAGR of 5.0% from 2026 to 2032.
Power generation axial fans are industrial-grade airflow systems designed to provide cooling, ventilation, and air circulation in power plants, including thermal, gas-fired, nuclear, and renewable energy facilities. These fans play a critical role in maintaining equipment operating temperatures, improving thermal efficiency, and ensuring stable plant operation. In 2025, the average global selling price of power generation axial fans is approximately US$52,000 per unit, with global shipment volume reaching around 18,600 units. The industry typically maintains a gross margin range of 22%–38%, supported by customized engineering design, heavy-duty materials, long service life, and aftermarket maintenance services. The supply chain includes upstream steel materials, motors, blades, bearings, and control systems; midstream manufacturers focus on aerodynamic design, system integration, and performance testing; downstream users include power generation companies, EPC contractors, and industrial utilities.
In 2025, the power generation axial fan market continues to grow steadily, driven by ongoing power plant capacity expansion, efficiency upgrades of aging facilities, and increasing emphasis on operational reliability. While new thermal power plant construction has slowed in some regions, demand from gas-fired plants, nuclear facilities, and retrofit projects remains resilient. Market competition is increasingly focused on energy efficiency, noise reduction, reliability under harsh operating conditions, and lifecycle service capability rather than basic airflow performance alone. Manufacturers with strong engineering expertise and long-term service networks are better positioned to capture sustainable demand.
LP Information, Inc. (LPI) ' newest research report, the “Power Generation Axial Fan Industry Forecast” looks at past sales and reviews total world Power Generation Axial Fan sales in 2025, providing a comprehensive analysis by region and market sector of projected Power Generation Axial Fan sales for 2026 through 2032. With Power Generation Axial Fan sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Generation Axial Fan industry.
This Insight Report provides a comprehensive analysis of the global Power Generation Axial Fan landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Power Generation Axial Fan portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Power Generation Axial Fan market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Generation Axial Fan and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power Generation Axial Fan.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Generation Axial Fan market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Propeller Fan
Tube Axial Fan
Blade Axial Fan
Other
Segmentation by Fan Size:
Small Diameter
Medium Diameter
Large Diameter
Segmentation by Material:
Carbon Steel
Stainless Steel
Composite Materials
Segmentation by Application:
Energy
Petrochemical
Mining Industry
Manufacturing
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Howden
SPX Cooling Technologies
ABB
FläktGroup
ebm-papst
Twin City Fan Companies
American Fan Company
Zhejiang Shangfeng Industrial Holdings
ILK Dresden GmbH
AirEng
ZIEHL-ABEGG
TLT-Turbo
Greenheck
Reitz Group
Kruger Ventilation
Key Questions Addressed in this Report
What is the 10-year outlook for the global Power Generation Axial Fan market?
What factors are driving Power Generation Axial Fan market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Power Generation Axial Fan market opportunities vary by end market size?
How does Power Generation Axial Fan break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Power generation axial fans are industrial-grade airflow systems designed to provide cooling, ventilation, and air circulation in power plants, including thermal, gas-fired, nuclear, and renewable energy facilities. These fans play a critical role in maintaining equipment operating temperatures, improving thermal efficiency, and ensuring stable plant operation. In 2025, the average global selling price of power generation axial fans is approximately US$52,000 per unit, with global shipment volume reaching around 18,600 units. The industry typically maintains a gross margin range of 22%–38%, supported by customized engineering design, heavy-duty materials, long service life, and aftermarket maintenance services. The supply chain includes upstream steel materials, motors, blades, bearings, and control systems; midstream manufacturers focus on aerodynamic design, system integration, and performance testing; downstream users include power generation companies, EPC contractors, and industrial utilities.
In 2025, the power generation axial fan market continues to grow steadily, driven by ongoing power plant capacity expansion, efficiency upgrades of aging facilities, and increasing emphasis on operational reliability. While new thermal power plant construction has slowed in some regions, demand from gas-fired plants, nuclear facilities, and retrofit projects remains resilient. Market competition is increasingly focused on energy efficiency, noise reduction, reliability under harsh operating conditions, and lifecycle service capability rather than basic airflow performance alone. Manufacturers with strong engineering expertise and long-term service networks are better positioned to capture sustainable demand.
LP Information, Inc. (LPI) ' newest research report, the “Power Generation Axial Fan Industry Forecast” looks at past sales and reviews total world Power Generation Axial Fan sales in 2025, providing a comprehensive analysis by region and market sector of projected Power Generation Axial Fan sales for 2026 through 2032. With Power Generation Axial Fan sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Generation Axial Fan industry.
This Insight Report provides a comprehensive analysis of the global Power Generation Axial Fan landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Power Generation Axial Fan portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Power Generation Axial Fan market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Generation Axial Fan and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power Generation Axial Fan.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Generation Axial Fan market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Propeller Fan
Tube Axial Fan
Blade Axial Fan
Other
Segmentation by Fan Size:
Small Diameter
Medium Diameter
Large Diameter
Segmentation by Material:
Carbon Steel
Stainless Steel
Composite Materials
Segmentation by Application:
Energy
Petrochemical
Mining Industry
Manufacturing
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Howden
SPX Cooling Technologies
ABB
FläktGroup
ebm-papst
Twin City Fan Companies
American Fan Company
Zhejiang Shangfeng Industrial Holdings
ILK Dresden GmbH
AirEng
ZIEHL-ABEGG
TLT-Turbo
Greenheck
Reitz Group
Kruger Ventilation
Key Questions Addressed in this Report
What is the 10-year outlook for the global Power Generation Axial Fan market?
What factors are driving Power Generation Axial Fan market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Power Generation Axial Fan market opportunities vary by end market size?
How does Power Generation Axial Fan break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
106 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Power Generation Axial Fan by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Power Generation Axial Fan by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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