About Axial Fan
Axial fan causes air/gas to flow in axial direction at entry as well as exit. This fan is designed to create pressure difference and its performance is totally depended on number of blades and their shapes. Mostly, it is used in wind tunnels and cooling towers. With growing industrial applications, manufacturers are focusing on developing axial fans which consume less power and deliver high performance .
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Axial Fan is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Axial Fan market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Systemair [Sweden], Greenheck [United States], Soler & Palau [United States], Fl ktGroup [Germany.], Ebm-Papst [Germany], Ventmeca [France], Polypipe Ventilation [United Kingdom], Acme Fans [United States], Air Systems Components [United States], Zhejiang Shangfeng [China], Nanfang Ventilator [China], Nortek Air Solutions [United States], Hitachi [Japan], Vortice [Italy], Cofimco [ITALY], Howden [United Kingdom], Johnson Controls [United States], Loren Cook [United States] and Twin City Fan [United States] are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Pelonis Technologies [United States], Fulltech Electric Co., Ltd [Taiwan], Sunonwealth Electric Machine Industry [Taiwan], Marathon [India], Patterson [United States], Yilida [China] and Mitsui Miike Machinery [Japan].
Segmentation Overview
AMA Research has segmented the market of Global Axial Fan market by Type (Duct Axial Fan, Ceiling Axial Fan, Column / Wall Axial Fan and Other Types), Application (Radiators, Refrigeration, Ventilation and Other) and Region.
On the basis of geography, the market of Axial Fan has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by End Users, the sub-segment i.e. Industrial will boost the Axial Fan market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diameter, the sub-segment i.e. 220-762 mm will boost the Axial Fan market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Wide Deployment of Axial Fan in Low Pressure System
Market Growth Drivers:
Its Ability to Displace Large Volume of Air and Rising Need for Industrial Products in Emerging Countries
Challenges:
Complexity Involved in Designing of Axial Fan
Restraints:
High Turbulence Caused by Axial Fan and Rise in Raw Materials to Produce Fan and Environmental Issues Associated with It
Opportunities:
Technical Advancement in Fan Technologies with Focus on Less Energy Consumption
Market Leaders and their expansionary development strategies
In November 2021, SPX Corporation announced that it has entered into a definitive agreement to purchase Cincinnati Fan & Ventilator Co., Inc., a leader in engineered air movement solutions, including blowers and critical exhaust systems, from Dominus Capital, L.P. (“Dominus”). Cincinnati Fan is headquartered in Mason, Ohio and has approximately 215 employees in the US and the UK.
In February 2020, Elta Fans Asia expanded its extract fan offering by introducing a revolutionised long-cased axial fan, the Revolution SLC EC. Capable of lowering energy costs and shortening installation times, the new axial fan is designed for a wide range of commercial and industrial applications.
Axial fan manufactures have to be adhered to international standards which deals with quality and performance testing. These standards include ISO 9001, ISO 14001,ISO 5801 and others. Non-compliance to standards may lead to disciplinary action against firms.
Key Target Audience
Axial Fan Manufacturers, Suppliers/Distributors, Potential Investors, Industry Associations, Government Agencies, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.