Industrial Fans Market Scope, Analysis, and Trends by 2028
Industrial Fans Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 8.46 Billion |
Market Size by 2031 | US$ 15.96 Billion |
Global CAGR (2023 - 2031) | 8.3% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Technology
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Industrial Fans Market News and Recent Developments
The industrial fans market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the industrial fans market are listed below:
- Ebm-Papst Group is the leading producer of motors and fans globally, opening a new production plant with an investment of 30 US million for producing highly efficient fans and motors in the USA. This second plant expansion will strengthen the presence of Ebm-Papst in North America for future market growth of sustainable refrigeration, air conditioning, and ventilation applications. (Source: Ebm-Papst Group Company Website, May 2022)
- Johnson Controls invested $7.5 million into new automation equipment at Oklahoma's commercial HVAC manufacturing plant. The new equipment will increase capacity while improving product quality, safety, and assembly productivity at the 900,000-square-foot facility known as the Johnson Controls Rooftop Center of Excellence. (Source: • Johnson Controls Company Website, June 2022)
Industrial Fans Market Report Coverage and Deliverables
The “Industrial Fans Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Industrial fans market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Industrial fans market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industrial fans market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the industrial fans market
- Detailed company profiles