Fans and Blowers Global Market Report 2024

The fans and blowers market size has grown strongly in recent years. It will grow from $6.33 billion in 2023 to $6.78 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth observed in the historical period can be attributed to factors such as industrialization and manufacturing growth, construction and infrastructure development, energy efficiency requirements, compliance with regulatory standards for air quality, and upgrades to HVAC (heating, ventilation, and air conditioning) systems.

The fans and blowers market size is expected to see strong growth in the next few years. It will grow to $8.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period can be attributed to factors such as green building initiatives, an increase in data center construction, a heightened focus on indoor air quality, advancements in materials and manufacturing processes, and the global expansion of manufacturing. Major trends expected in the forecast period include the integration of digitalization and smart technologies, technological advancements in design, a rise in energy-efficient designs, expansion in Industrial Internet of Things (IIoT) applications, and an increased focus on noise reduction in HVAC systems.

The fans and blowers market is anticipated to experience growth, propelled by the expanding construction sector. The construction sector involves activities related to creating, maintaining, and repairing infrastructures. Fans and blowers play a crucial role in this sector by providing ventilation and meeting industrial process requirements. As of January 2022, a report from Global Construction Perspectives and Oxford Economics indicates that global construction production is projected to surge by 85% to reach $15.5 trillion by 2030. Leading this growth are countries such as China, the United States, and India, contributing 57% to the overall increase. Over the next 15 years, the US construction market is expected to expand more rapidly than China's. Consequently, the flourishing construction sector is a key driver for the growth of the fans and blowers market.

The fans and blowers market is poised for growth, driven by the escalating demand in the manufacturing sector. The manufacturing sector encompasses a broad category of economic activities, organizations, and processes involved in large-scale goods production. Fans and blowers play a pivotal role in this sector, providing various advantages such as ventilation, temperature control, material handling, and air quality improvement, contributing to increased productivity and a safer working environment. As of March 2022, a report from the United Nations Industrial Development Organization reveals a substantial 9.4% increase in global manufacturing production in 2021. This surge in demand within the manufacturing sector is a key factor propelling the growth of the fans and blowers market.

In the competitive landscape of the fans and blowers market, major companies are staying ahead by innovating new products, such as high-performance centrifugal fans. These mechanical devices are designed to efficiently move air or other gases. In April 2021, Rosenberg Ventilatoren GmbH, a German company specializing in fan and blower manufacturing, unveiled a super-quiet backward-curved fan. This innovative fan offers a quiet solution for various applications, generating 1000 CFM of air movement and 1.9 of pressure with a mere 76 dB(A) of noise. The fan, featuring a 280-mm high-performance backward-curved design and a new 120-V single-phase EC motor, is well-suited for applications such as air filtering, HVAC, ventilation, and more, where low noise levels and superior performance are crucial.

In the dynamic fans and blowers market, major companies are gaining a competitive edge by developing innovative solutions, such as blowers with aerospace technology. This category encompasses blowers and fans that leverage advanced technologies and design principles derived from the aerospace industry. For example, in October 2023, Whisper Aero, a US-based electric propulsion company, introduced an ultra-quiet electric leaf blower. This innovative leaf blower aims to outperform competitors in terms of power, quietness, and energy efficiency. Utilizing Whisper Drive technology, these leaf blowers significantly reduce noise pollution in communities, producing sound levels of only 45 dB at a distance of 50 feet, compared to the 70-90 dB generated by gas leaf blowers and 57-59 dB by the quietest electric leaf blowers available.

In October 2023, Fairbanks Morse Defense, a US-based company specializing in power and propulsion systems, acquired American Fan for an undisclosed amount. This acquisition strengthens Fairbanks Morse Defense's position as a comprehensive defense contractor and supplier of complete maritime solutions. With the addition of American Fan's axial and centrifugal fan technology to its portfolio, Fairbanks Morse Defense expands its capability to offer a broader range of goods and services to its clients. American Fan, the acquired company, is a US-based manufacturer known for producing high-quality centrifugal fans, centrifugal air blowers, and axial fans.

Major companies operating in the fans and blowers market report are ABB ltd., Johnson Controls International PLC, Nidec Corporation, Systemair AB, Patterson Companies Inc., Enovis, Munters Corp., Airmaster Fan Company Inc., Loren Cook Company, Genuit Group, CG Power and Industrial Solutions Limited, Kaeser Compressors Inc., Air System Components Inc., Industrial Solutions Limited, Twin City Fan Companies Ltd., Garden Denver Inc., Acme Engineering and Manufacturing Corporation, Zhejiang Shangfeng Fan/motor Co. Ltd., Flakt Woods Group SA, Aerzener Maschinenfabrik GmbH, Cincinnati Fan and Ventilator Company Inc., Soler & Palau Sistemas de Ventilación S.L.U., Robinson Fans Inc., Pollrich GmbH, Vortice Elettrosociali S.p.A., Ventmeca Fans Inc., Continental Blower LLC, Greenheck Fan Corporation, Nanfang Ventilator Co. Ltd., DongKun Industrial Co. Ltd.

Asia-Pacific was the largest region in the fans and blowers market in 2023. The regions covered in the fans and blowers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fans and blowers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of fans and blowers encompass centrifugal fans and blowers, axial fans and blowers, and others. Centrifugal fans and centrifugal blowers function as air-moving pumps or motors designed for propelling air through a duct. Axial fans and blowers serve as propellers, drawing air into the fan and discharging it in the parallel axial direction. In the case of axial fans, the extracted air is forced to move parallel to the shaft around which the blades rotate. These fans and blowers find applications across diverse sectors, including industrial, commercial, and others.

The fans and blowers market research report is one of a series of new reports that provides fans and blowers market statistics, including fans and blowers industry global market size, regional shares, competitors with fans and blowers market share, detailed fans and blowers market segments, market trends and opportunities, and any further data you may need to thrive in the fans and blowers industry. This fans and blowers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The fans and blowers market consists of sales of displacement blowers, rotary lobe blowers, helical screw blowers, centrifugal blowers, multistage centrifugal blowers, high-speed blowers, regenerative blowers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.