[Research Report] The industrial fans market is expected to grow from US$ 8,010.30 million in 2022 to US$ 12,643.10 million by 2028; it is anticipated to register at a CAGR of 7.9% from 2022 to 2028.
The primary purpose of industrial fans is to blow cold air and drive hot air out of the environment. There is a wide range of uses for industrial fans, from cooling large industrial spaces to providing cooling for technical assembly operations. The two primary types of industrial fans are axial and centrifugal. A centrifugal fan is similar to a blower, an enclosed unit that functions like a pump that pulls air in using a rapidly rotating impeller and then pushes it out at a 90° angle. An axial fan pulls and blows air parallel to its axis, causing the air to transfer axially outward. The motor, rotor shaft, and blades or impellers are fundamental components of an industrial fan assembly. Industrial fans are highly efficient and heavy-duty air flow devices that can withstand stringent environments and operate longer to provide constant airflow and pressure. Every industry requires an airflow system to ensure a safe working environment, propelling the adoption of industrial fans market analysis among the end user.
Increasing demand from the food & beverage industries and growing usage of industrial fans in several industries such as oil & gas, cement, chemical, mining, and manufacturing are among the factors driving the industrial fans market growth of the industrial fans market. Further, surging demand for power consumption is expected to provide lucrative opportunities for the market during the forecast period. Technological advancements in industrial fans are expected to emerge as a trend in the industrial fans market players during the forecast period.
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Industrial Fans Market: Strategic Insights
Market Size Value in US$ 8,010.30 million in 2022 Market Size Value by US$ 12,643.10 million by 2028 Growth rate CAGR of 7.9% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Industrial Fans Market: Strategic Insights
| Market Size Value in | US$ 8,010.30 million in 2022 |
| Market Size Value by | US$ 12,643.10 million by 2028 |
| Growth rate | CAGR of 7.9% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Industrial Fans Market Share
The impact of COVID-19 pandemic has significantly affected the industrial fans market players in 2020. The ban on commercial activities has disrupted the industrial supply chain from procuring raw materials to supplying finished goods. There was a decline in demand for industrial fans from the commercial sectors due to disruptions in construction & manufacturing operations and restrictions on international trade as restrictions were imposed on the borders of countries. However, the constantly growing healthcare industry created a massive demand for industrial fans to maintain the required temperature conditions in the healthcare facilities, safely transport and store medicines, keep patients and caregivers safe and comfortable in traditional healthcare facilities and emergency hospitals assembled in halls, and maintain the temperature in car parks and other municipal spaces.
Lucrative Regions: Industrial Fans Market Share
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Market Insight – Industrial Fans Market
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Technological Advancement in Industrial Fans
Industrial fans are used for heat reduction applications, where cold air is blown to cool the industrial environment and processes. As the power requirement of applications and systems increases, the need for higher-power cooling also rises. Industrial fan design is evolving to meet these needs as an ideal method for improving performance at a relatively low cost. Various technological advancements were made to develop modern centrifugal and axial industrial fans to reduce the energy consumption of ventilation systems in modern buildings and structures. Industrial fans were undergoing several improvements to maximize output while conserving energy. The major improvements in industrial fan technology are an increase in energy efficiency, expansion of the working area for airflow rates at specified dimensions and speeds, noise reduction, and optimization of design performance. Thus, technological advancements in industrial fans are expected to fuel the industrial fans market analysis over the forecast period.
Technology-Based Insights
Based on technology, the industrial fans market is bifurcated into centrifugal and axial. The axial segment dominated the industrial fans market analysis in 2021. The use of axial fans continues to increase in confined cooling spaces, including server rooms and workspaces, as it provides low-pressure and high-volume airflow. Moreover, axial fans change the flow direction of gas; the gas flows in the axial direction parallel to the shaft about which the fan blades rotate. Such fans rotate at variable rates to supply the equipment with fresh air, thereby maintaining optimum operating temperatures. The rising demand for axial fans from various industries such as automotive, oil & gas, healthcare, and food & beverages is driving the industrial fans market growth.
Players operating in the industrial fans market are mainly focused on the development of advanced and efficient products.
- In December 2021, Greenheck Fan Corp—a leading company in engineering and manufacturing air movement, conditioning, and control equipment—incorporated Northern Light UV-C technology into its line of AMPLIFY overhead HVLS fans. These fans help control airborne pathogens in medical facilities and are recommended by the CDC, ASHRAE, and other organizations.
- In October 2021, FläktGroup, a leading company providing Critical Ventilation Solutions and Indoor Air Quality, launched a JMv(G) high-efficiency axial fan range. JMvG Axial Fans were developed to help customers achieve “Net Zero” targets and maximize aerodynamic efficiencies. JMvG range is suitable for industrial process applications because they provide comparatively higher volume and pressure envelopes.
The global industrial fan market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The APAC industrial fan market accounted for the largest market share, and it is also expected to grow at the highest CAGR over the forecast period.
Witt & Sohn AG, Airmaster Fan Co, Johnson Controls International Plc, FlaktGroup Holding GmbH, Systemair AB, ebm papst Inc, Greenheck Fan Corp, Jan Fan Inc, Savio SRL, and Wilkinson Dynamic Balancing Ltd are a few of the key industrial fans market players operating in the market. The market report provides detailed market insights, which help the key players strategize the industrial fans market growth for the coming years.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Witt & Sohn AG, Airmaster Fan Co, Johnson Controls International Plc, FlaktGroup Holding GmbH, Systemair AB, ebm papst Inc, Greenheck Fan Corp, Jan Fan Inc, Savio SRL, and Wilkinson Dynamic Balancing Ltd are the leading companies in the industrial fans market.
The major improvements in industrial fan technology are an increase in energy efficiency, expansion of the working area for airflow rates at specified dimensions and speeds, noise reduction, and optimization of design performance. Thus, technological advancements in industrial fans are expected to fuel the industrial fans market over the forecast period.
Asia Pacific dominated the industrial fans market in 2021. The rise in government initiatives across countries in APAC, such as China and India, to promote the local manufacturing industry is expected to boost the demand for Industrial fans from the manufacturing plants. The rise in the industry plants across the APAC countries is further expected to increase the demand for Industrial fans, thereby contributing to the growth of the APAC Industrial fans market.
The rising power consumption will further increase the incorporation of power generation units such as nuclear power plants, hydropower plants, coal, and thermal power plants. Such power plants will require industrial fans for combustion and provide cooling to the inverters and generators., which will further increase the demand for industrial fans in coming years. Thus, the increasing demand for power and electricity is likely to provide ample opportunities for the industrial fans market growth during the forecast period.
The industrial fans market was estimated to be US$ 8,010.30 million in 2022 and is expected to grow at a CAGR of 7.9%, during the forecast period 2022 - 2028.
Industrial fans are crucial and mandatory for any industrial process. It is widely used in chemical, manufacturing, engineering, cement production, heating & ventilation, mining, and many other industries. These fans provide a safe, secure, comfortable, and productive working environment for long hours and days. Therefore, the growing use of industrial fans in several industries such as oil & gas, cement, chemical, mining, and manufacturing is driving the industrial fans market growth.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Industrial Fans Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Industrial Fans Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand from Food & Beverage Industry
5.1.2 Growing Use of Industrial Fans in Oil & Gas, Cement, Chemical, Mining, and Manufacturing Industries
5.2 Market Restraints
5.2.1 Fluctuating Cost of Raw Materials
5.3 Market Opportunities
5.3.1 Rise in Power Consumption due to Urbanization
5.4 Future Trends
5.4.1 Technological Advancement in Industrial Fans
5.5 Impact Analysis of Drivers and Restraints
5.5.1 Industrial Fans Market: Impact Analysis of Drivers and Restraints
6. Industrial Fans Market– Global Market Analysis
6.1 Industrial Fans Market Global Overview
6.2 Global Industrial Fans Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Industrial Fans Market Revenue and Forecast to 2028 – Technology
7.1 Overview
7.2 Industrial Fans Market, by Technology (2021 & 2028)
7.3 Centrifugal
7.3.1 Overview
7.3.2 Centrifugal: Industrial Fans Market Revenue and Forecast To 2028 (US$ Million)
7.4 Axial
7.4.1 Overview
7.4.2 Axial: Industrial Fans Market Revenue and Forecast To 2028 (US$ Million)
8. Industrial Fans Market – by Industry
8.1 Overview
8.2 Industrial Fans Market, by Industry (2021 & 2028)
8.3 Chemicals and Petrochemicals
8.3.1 Overview
8.3.2 Chemicals and Petrochemicals: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Healthcare
8.4.1 Overview
8.4.2 Healthcare: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Automotive Manufacturing
8.5.1 Overview
8.5.2 Automotive Manufacturing: Industrial Fans Market Revenue and Forecast To 2028 (US$ Million)
8.6 Food and Beverage
8.6.1 Overview
8.6.2 Food and Beverage: Industrial Fans Market Revenue and Forecast To 2028 (US$ Million)
8.7 Oil and gas
8.7.1 Overview
8.7.2 Oil and gas: Industrial Fans Market Revenue and Forecast To 2028 (US$ Million)
8.8 Mining
8.8.1 Overview
8.8.2 Mining: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9. Industrial Fans Market – Geographic Analysis
9.1 Overview
9.2 North America: Industrial Fans Market
9.2.1 North America: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Industrial Fans Market, by Technology
9.2.3 North America: Industrial Fans Market, by Industry
9.2.4 North America: Industrial Fans Market, by Key Country
9.2.4.1 US: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Industrial Fans Market, by Technology
9.2.4.1.2 US: Industrial Fans Market, by Industry
9.2.4.2 Canada: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Industrial Fans Market, by Technology
9.2.4.2.2 Canada: Industrial Fans Market, by Industry
9.2.4.3 Mexico: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Industrial Fans Market, by Technology
9.2.4.3.2 Mexico: Industrial Fans Market, by Industry
9.3 Europe: Industrial Fans Market
9.3.1 Europe: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Industrial Fans Market, by Technology
9.3.3 Europe: Industrial Fans Market, by Industry
9.3.4 Europe: Industrial Fans Market, by Key Country
9.3.4.1 Germany: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Industrial Fans Market, by Technology
9.3.4.1.2 Germany: Industrial Fans Market, by Industry
9.3.4.2 France: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Industrial Fans Market, by Technology
9.3.4.2.2 France: Industrial Fans Market, by Industry
9.3.4.3 Italy: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Industrial Fans Market, by Technology
9.3.4.3.2 Italy: Industrial Fans Market, by Industry
9.3.4.4 UK: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Industrial Fans Market, by Technology
9.3.4.4.2 UK: Industrial Fans Market, by Industry
9.3.4.5 Russia: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Industrial Fans Market, by Technology
9.3.4.5.2 Russia: Industrial Fans Market, by Industry
9.3.4.6 Rest of Europe: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Industrial Fans Market, by Technology
9.3.4.6.2 Rest of Europe: Industrial Fans Market, by Industry
9.4 Asia Pacific: Industrial Fans Market
9.4.1 Asia Pacific: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Industrial Fans Market, by Technology
9.4.3 Asia Pacific: Industrial Fans Market, by Industry
9.4.4 Asia Pacific: Industrial Fans Market, by Key Country
9.4.4.1 China: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 China: Industrial Fans Market, by Technology
9.4.4.1.2 China: Industrial Fans Market, by Industry
9.4.4.2 Japan: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 Japan: Industrial Fans Market, by Technology
9.4.4.2.2 Japan: Industrial Fans Market, by Industry
9.4.4.3 India: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Industrial Fans Market, by Technology
9.4.4.3.2 India: Industrial Fans Market, by Industry
9.4.4.4 South Korea: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 South Korea: Industrial Fans Market, by Technology
9.4.4.4.2 South Korea: Industrial Fans Market, by Industry
9.4.4.5 Australia: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 Australia: Industrial Fans Market, by Technology
9.4.4.5.2 Australia: Industrial Fans Market, by Industry
9.4.4.6 Rest of Asia Pacific: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: Industrial Fans Market, by Technology
9.4.4.6.2 Rest of Asia Pacific: Industrial Fans Market, by Industry
9.5 Middle East & Africa: Industrial Fans Market
9.5.1 Middle East & Africa: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East & Africa: Industrial Fans Market, by Technology
9.5.3 Middle East & Africa: Industrial Fans Market, by Industry
9.5.4 Middle East & Africa: Industrial Fans Market, by Key Country
9.5.4.1 South Africa: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Industrial Fans Market, by Technology
9.5.4.1.2 South Africa: Industrial Fans Market, by Industry
9.5.4.2 UAE: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 UAE: Industrial Fans Market, by Technology
9.5.4.2.2 UAE: Industrial Fans Market, by Industry
9.5.4.3 Saudi Arabia: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 Saudi Arabia: Industrial Fans Market, by Technology
9.5.4.3.2 Saudi Arabia: Industrial Fans Market, by Industry
9.5.4.4 Rest of Middle East & Africa: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of Middle East & Africa: Industrial Fans Market, by Technology
9.5.4.4.2 Rest of Middle East & Africa: Industrial Fans Market, by Industry
9.6 South America: Industrial Fans Market
9.6.1 South America: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 South America: Industrial Fans Market, by Technology
9.6.3 South America: Industrial Fans Market, by Industry
9.6.4 South America: Industrial Fans Market, by Key Country
9.6.4.1 Brazil: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Industrial Fans Market, by Technology
9.6.4.1.2 Brazil: Industrial Fans Market, by Industry
9.6.4.2 Argentina: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Industrial Fans Market, by Technology
9.6.4.2.2 Argentina: Industrial Fans Market, by Industry
9.6.4.3 Rest of South America: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South America: Industrial Fans Market, by Technology
9.6.4.3.2 Rest of South America: Industrial Fans Market, by Industry
10. Impact of COVID-19 Pandemic on Industrial Fans Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 APAC: Impact Assessment of COVID-19 Pandemic
10.5 MEA: Impact Assessment of COVID-19 Pandemic
10.6 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Witt & Sohn AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Airmaster Fan Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 FlaktGroup Holding GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Systemair AB
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ebm?papst Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Greenheck Fan Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Jan Fan Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Savio SRL
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Wilkinson Dynamic Balancing Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Johnson Controls International Plc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Global Industrial Fans Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. North America: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Industrial Fans Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 16. France: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 17. France: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 21. UK: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 27. Asia Pacific: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 28. Asia Pacific: Industrial Fans Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 29. China: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 30. China: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 31. Japan: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 32. Japan: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 33. India: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 34. India: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 37. Australia: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Asia Pacific: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 40. Rest of Asia Pacific: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 41. Middle East & Africa: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 42. Middle East & Africa: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 43. Middle East & Africa: Industrial Fans Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 44. South Africa: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 45. South Africa: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 46. UAE: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 47. UAE: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 48. Saudi Arabia: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 49. Saudi Arabia: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 50. Rest of Middle East & Africa: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 51. Rest of Middle East & Africa: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 52. South America: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 53. South America: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 54. South America: Industrial Fans Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 55. Brazil: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 56. Brazil: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 57. Argentina: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 58. Argentina: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 59. Rest of South America: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 60. Rest of South America: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 61. List of Abbreviation
LIST OF FIGURES
Figure 1. Industrial Fans Market Segmentation
Figure 2. Industrial Fans Market Segmentation – Geography
Figure 3. Industrial Fans Market Overview
Figure 4. Industrial Fans Market, by Technology
Figure 5. Industrial Fans Market, by Industry
Figure 6. Industrial Fans Market, by Region
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Industrial Fans Market Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Geographic Overview of Industrial Fans Market
Figure 15. Global Industrial Fans Market, Forecast and Analysis (US$ Million)
Figure 16. Market Positioning- Top Five Players
Figure 17. Industrial Fans Market, by Technology (2021 & 2028)
Figure 18. Centrifugal: Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Axial: Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Industrial Fans Market Revenue Share, by Industry (2021 & 2028)
Figure 21. Chemicals and Petrochemicals: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Healthcare: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Automotive Manufacturing: Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Food and Beverage: Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Oil and gas: Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mining: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Others: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Global Industrial Fans Market Revenue Share, by Region (2021 & 2028)
Figure 29. North America: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Industrial Fans Market Revenue Share, by Technology (2021 & 2028)
Figure 31. North America: Industrial Fans Market Revenue Share, by Industry (2021 & 2028)
Figure 32. North America: Industrial Fans Market Revenue Share, by Key Country (2021 & 2028)
Figure 33. US: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Canada: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Mexico: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Europe: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Industrial Fans Market Revenue Share, by Technology(2021 & 2028)
Figure 38. Europe: Industrial Fans Market Revenue Share, by Industry (2021 & 2028)
Figure 39. Europe: Industrial Fans Market Revenue Share, by Key Country (2021 & 2028)
Figure 40. Germany: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. France: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Italy: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. UK: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Russia: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of Europe: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Asia Pacific: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Asia Pacific: Industrial Fans Market Revenue Share, by Technology(2021 & 2028)
Figure 48. Asia Pacific: Industrial Fans Market Revenue Share, by Industry (2021 & 2028)
Figure 49. Asia Pacific: Industrial Fans Market Revenue Share, by Key Country (2021 & 2028)
Figure 50. China: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Japan: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. India: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. South Korea: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Australia: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Rest of Asia Pacific: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Middle East & Africa: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Middle East & Africa: Industrial Fans Market Revenue Share, by Technology(2021 & 2028)
Figure 58. Middle East & Africa: Industrial Fans Market Revenue Share, by Industry (2021 & 2028)
Figure 59. Middle East & Africa: Industrial Fans Market Revenue Share, by Key Country (2021 & 2028)
Figure 60. South Africa: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. UAE: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Saudi Arabia: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Rest of Middle East & Africa: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. South America: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. South America: Industrial Fans Market Revenue Share, by Technology(2021 & 2028)
Figure 66. South America: Industrial Fans Market Revenue Share, by Industry (2021 & 2028)
Figure 67. South America: Industrial Fans Market Revenue Share, by Key Country (2021 & 2028)
Figure 68. Brazil: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Argentina: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Rest of South America: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. Impact of COVID-19 Pandemic on North American Country Markets
Figure 72. Impact of COVID-19 Pandemic on European Country Markets
Figure 73. Impact of COVID-19 Pandemic on APAC Country Markets
Figure 74. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 75. Impact of COVID-19 Pandemic on SAM Country Markets
The List of Companies - Industrial Fans Market
- Witt & Sohn AG
- Airmaster Fan Co
- Johnson Controls International Plc
- FlaktGroup Holding GmbH
- Systemair AB
- ebm papst Inc
- Greenheck Fan Corp
- Jan Fan Inc
- Savio SRL
- Wilkinson Dynamic Balancing Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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