Axial Fan Market Report 2026

The axial fan market size has grown strongly in recent years. It will grow from $4.59 billion in 2025 to $4.83 billion in 2026 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to expansion of hvac installations across commercial buildings, increasing industrial ventilation requirements, growth of electronics cooling applications, rising construction of data centers, wider use in power generation facilities.

The axial fan market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing demand for smart hvac systems, rising focus on energy efficiency regulations, expansion of industrial automation infrastructure, growing adoption in renewable energy facilities, increasing investments in advanced airflow management. Major trends in the forecast period include increasing adoption of high-efficiency ventilation systems, rising integration of smart speed control mechanisms, growing demand for energy-efficient cooling solutions, expansion of compact and high-performance fan designs, enhanced focus on noise reduction technologies.

The growing demand for energy-efficient solutions is anticipated to drive the expansion of the axial fan market in the coming years. Energy-efficient solutions encompass products, services, or technologies designed to minimize energy consumption while maintaining the same level of performance. This increasing demand is largely due to heightened environmental awareness and the desire for cost savings. Both businesses and consumers are increasingly looking for products and services that help reduce energy use and lower operational expenses. Axial fans play a role in these energy-efficient solutions by delivering high airflow with low energy consumption, thus enhancing ventilation and cooling efficiency while minimizing excessive power usage. For example, a report by Energy UK, published in 2023, stated that the annual deployment of energy efficiency projects in the UK must increase from 150,000 installations to 500,000 by 2025, with the aim of reaching one million installations per year by 2030. Consequently, the growing demand for energy-efficient solutions is driving the growth of the axial fan market.

Key companies in the axial fan market are focusing on introducing innovative solutions such as preconfigured axial fans to improve efficiency, simplify installation, and optimize performance in various industrial and commercial settings. Preconfigured axial fans are factory-assembled units designed with set specifications and optimized components, ensuring easy installation, reliable performance, and enhanced efficiency across different applications. For example, in September 2024, Multi-Wing International A.S., a Denmark-based manufacturing company, unveiled a comprehensive range of high-performance axial fans aimed at commercial and industrial applications. Introduced at the Chillventa trade show in Nuremberg, Germany, this new product line features fans ranging from 800 mm to 1,800 mm, designed to meet industry standards with proprietary in-house components. With a modular design, these fans offer nearly 1,000 unique configurations in both AC and EC variants. Specifically optimized for HVAC/R applications, they are ideal for integration into heat exchangers, dry coolers, condensers, chillers, and open/closed circuit cooling towers.

In April 2024, Axial Fans Int. SRL, an Italy-based manufacturer of high-efficiency axial fans, partnered with Serdal Holding to revolutionize the cooling sector in the UAE. This collaboration is aimed at delivering advanced, energy-efficient solutions designed to address the unique climate challenges in the UAE, while improving performance, sustainability, and innovation in the region. Serdal Holding, a UAE-based conglomerate, focuses on fostering and developing a diverse range of businesses both locally and internationally.

Major companies operating in the axial fan market are Panasonic Corporation, Mitsubishi Electric Corporation, Daikin Industries Ltd, Toshiba Corporation, Johnson Controls International plc, Nidec Corporation, Delta Electronics Inc, Regal Rexnord Corporation, Howden Group Ltd., Greenheck Fan Corporation, Systemair AB. Ltd, FläktGroup Holding GmbH, Ziehl-Abegg SE, Sanyo Denki Co. Ltd, Oriental Motor Co. Ltd, Twin City Fan Companies Ltd., Zhejiang Yilida Ventilator Co. Ltd, Loren Cook Company Inc., Vortice Elettrosociali S.p.A., Maico Elektroapparate-Fabrik GmbH, ebm-papst Mulfingen GmbH & Co. KG., Soler & Palau Ventilation Group.

North America was the largest region in the axial fan market in 2025. The regions covered in the axial fan market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the axial fan market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The axial fan market consists of sales of computer cooling fans, compact axial fans, ventilation fans, and air handling units. 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.

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