Global Centrifugal Fan Market Size, Trends & Growth Opportunity, By Type (Backward, Forward, and Others), By Application (Industrial, Commercial, and Others), By Region and Forecast till 2027.
Report ID : IR1001801 | Industries : Automotive and Transportation | Published On :June 2024 | Page Count : 195
Global Centrifugal Fan Market Size, Trends & Growth Opportunity, By Type (Backward, Forward, and Others), By Application (Industrial, Commercial, and Others), By Region and Forecast till 2027.
Global Centrifugal Fan Market
The Global Centrifugal Fan Market is expected to grow from US$ 2.86 Billion in 2021 to US$ 5.9 Billion by 2027; it is estimated to grow at a CAGR of 12.83% from 2022 to 2027.
Market Overview
A centrifugal fan is a mechanical tool utilized for directing air and gases at an inclined angle to the incoming fluid. The fan wheel, which consists of several blades mounted on a circular hub, increases the air pressure upon entry. There are different categories of centrifugal fans, including Forward, Backward, and several others.
Market Drivers
The global centrifugal fan market is expected to experience growth primarily due to an increase in demand for these fans in the construction industry. Moreover, technological advancements will also contribute to market expansion. Furthermore, significant players launching new products will propel market growth. For example, in July 2019, Rosenberg introduced an energy-efficient EC centrifugal fan with a scroll frame, specifically designed for efficient centrifugal air movement. This product is available in two sizes, namely 250mm and 280mm.
Market Restraints
A significant hindrance that is expected to limit the growth of the worldwide centrifugal fan market is the insufficient availability of electrical equipment, which includes fans.
Market Segmentation
The global centrifugal fan market is divided into several segments based on type, application, and region. The type segment includes backward, forward, and others. The application segment comprises industrial, commercial, and others. Furthermore, the market is categorized by region into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The Asia-Pacific region is expected to dominate the market shortly, mainly due to the high demand for these products in developing countries like China, India, Japan, and others. The primary reason for this demand is the fast urbanization of cities and the expansion of commercial and industrial spaces in these regions.
Market Key Players
Various key players are discussed in this report such as Greenheck Fan, Twin City Fan, Air Systems Components, FläktGroup, Rosenberg, New York Blower, Johnson Controls, Loren Cook, and
Howden.
Industrial Development
• In December 2020, the US-based Air Movement and Control Equipment producer The Greenheck Group announced that it would acquire Metal Industries for an undisclosed fee. Greenheck wants to raise brand recognition by including air movement, control, and conditioning products into its brand portfolio. The US-based company Metal Industries, Inc. offers fans and blowers, as well as air terminal units and products for air distribution.
Market Taxonomy
By Type
• Backward
• Forward
• Others
By Application
• Industrial
• Commercial
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Centrifugal Fan Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Centrifugal Fan Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Centrifugal Fan Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Centrifugal Fan Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Centrifugal Fan Market Share Analysis, By Type
5.3 Global Centrifugal Fan Market Size and Forecast, By Type
5.3.1 Backward
5.3.2 Forward
5.3.3Others
6 Global Centrifugal Fan Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Centrifugal Fan Market Share Analysis, By Application
6.3 Global Centrifugal Fan Market Size and Forecast, By Application
6.3.1 Industrial
6.3.2 Commercial
7 Global Centrifugal Fan Market, By Region
7.1 Global Centrifugal Fan Market Share Analysis, By Region
7.2 Global Centrifugal Fan Market Size and Forecast, By Region
8 North America Centrifugal Fan Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Centrifugal Fan Market Share Analysis, By Type
8.3 North America Centrifugal Fan Market Size and Forecast, By Application
8.4 North America Centrifugal Fan Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe Centrifugal Fan Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Centrifugal Fan Market Share Analysis, By Type
9.3 Europe Centrifugal Fan Market Size and Forecast, By Application
9.4 Europe Centrifugal Fan Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Centrifugal Fan Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Centrifugal Fan Market Share Analysis, By Type
10.3 Asia Pacific Centrifugal Fan Market Size and Forecast, By Application
10.4 Asia Pacific Centrifugal Fan Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Centrifugal Fan Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Centrifugal Fan Market Share Analysis, By Type
11.3 Latin America Centrifugal Fan Market Size and Forecast, By Application
11.4 Latin America Centrifugal Fan Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Centrifugal Fan Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Centrifugal Fan Market Share Analysis, By Type
12.3 Middle East Centrifugal Fan Market Size and Forecast, By Application
12.4 Middle East Centrifugal Fan Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
12.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
15.1 Greenheck Fan
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Twin City Fan
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Air Systems Components
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 FläktGroup
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Rosenberg
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 New York Blower
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Johnson Controls
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Loren Cook
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Howden
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies