ALBANY, N.Y, Oct. 19, 2020 /PRNewswire/ -- Set to grow at a rate of about 5% over the forecast period of 2020 to 2030, the global fan and blowers market is expected to chart a notable growth trajectory. Valuation will reach worth of USD 11.3 billion by the end of the forecast period. The market is growing - it is pertinent to note here - on the back of multiple positively impacting trends and drivers.
As per Transparency Market Research, "Commercial and industrial sectors, world over, are growing. It will impact growth in the global fans and blowers market in a positive manner. Players in the market are focusing upon product design. Technology is a major factor of growth. As smart technologies make in-roads in the market, demand would only grow further."
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Key Findings of Global Fans and Blowers Market Study:
· Standard ceiling fans segment in the product type category are set to dominate the market landscape over the forecast period
· A significant growth will be charted by the offline segment of the distribution channel category over the same period
· In the regional market of Asia Pacific, e-commerce is witnessing a growing popularity among consumers
Key Drivers of Growth in Global Fans and Blowers Market:
- Technological advancement, coupled with growing adoption of smart technologies, is a massive growth contributor in the market
- Over the forecast period, increasing disposable income will play a positive role in helping the market grow
- Increasing population and improvement in residential infrastructure development are enabling growth in the market further
- Investment in the commercial sector is also increasing, helping the market take on a better growth trajectory
For a detailed analysis of global fans and blowers market by type, application, distribution channel, and region, visit at https://www.transparencymarketresearch.com/fans-and-blowers-market.html
Regional Analysis of Global Fans and Blowers Market:
- As far as a regional analysis is concerned, the charts are led by Asia Pacific and the trend is anticipated to sustain itself over the forecast period
- In the Asia Pacific (APAC) region, countries that will lead the growth include India and China
- It is pertinent to note here that African region is also contributing notably to market growth
Analyze global Fans and Blowers market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Landscape of the Global Fans and Blowers Market:
As far as revenue share is concerned in the market, it is pertinent to note about 30% is held by just a handful of leading players. Names that are well-received in the market include ACME Engineering & Manufacturing Corporation, Air Control Industries, Inc., Airmaster Fan, Alfa Fans, Gardner Denver, Inc., Continental Blower, LLC, and Air King America, LLC. The market is moderately fragmented.
Players are using a variety of growth strategies, usually a mix of inorganic and organic, to stay ahead of their game. Innovation is a key focus area for a number of top players, eyeing better revenues. In the recent past, strategies that have changed the game are key alliances and product development. For instance, in 2020, CycloBlower VHX was launched by Gardner Denver Inc. The blower boasts of a variable helix to helical screw design. It is known for efficiency and superior performance.
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Global Fans & Blowers Market: Segmentation
Fans & Blowers Market, by Type
- Standard Ceiling Fans
- HVLS Ceiling Fans
- Caged Direction
- Wall Mount
- Box Fans
- Ceiling Columns Destratification Fans
- Portable Evaporative Coolers
- Air Supply
- Intake Fans
- Ventilation Fans
- Exhaust Fans/Blowers
Fans & Blowers Market, by Application
- Commercial
- Automotive Dealership & Showrooms
- Education Institutes
- Grocery, Food Sales, & Convenience Stores
- Restaurants, Bars, Food Service, & Fast Food
- Health Clubs
- Convention Centers
- Healthcare & Life Sciences
- Hospitality, Hotel, & Lodging
- Offices
- Public Assembly & Municipal
- Retail & Malls
- Sports Arenas
- Industrial
- Manufacturing
- Automotive
- Processing
- Packaging (Bottling)
- Agriculture & Livestock Farming
- Automotive Service
- Food & Beverage
- Petrochemical
- Power Generation
- Others
- Religious Places
- Warehouse, Storage, Distribution, etc.
Fans & Blowers Market, by Distribution Channel
- Online
- Offline
Fans & Blowers Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Western Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Nordic Countries
- Belgium
- Netherlands
- Luxemburg
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- Southern Africa
- Northern Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Peru
- Chile
- Rest of Latin America
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