Increasing Adoption of Smart Technologies to Propel Fans and Blowers Market Forward: TMR

- Innovation is a prominent focus area for players in global fans and blowers market who are trying to chart higher growth, capture larger share of market revenue

- A number of top tier companies are investing massively in research and development (R&D) to come up with greener, more sustainable options

News provided by

Transparency Market Research

Oct 19, 2020, 11:30 ET

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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