North America Industrial Fans Market
Industrial fans used in blowing cold air and drive hot air out of the environment. The two primary types of industrial fans are axial and centrifugal. A centrifugal fan is similar to a blower, an enclosed unit that functions like a pump that pulls air in using a rapidly rotating impeller and then pushes it out at a 90° angle. On the other hand, an axial fan pulls and blows air parallel to its axis, causing the air to transfer axially outward. Motor, rotor shaft, and blades or impellers are fundamental components of an industrial fan assembly. Industrial fans are highly efficient and heavy-duty air flow devices that can withstand stringent environments and operate longer to provide constant airflow and pressure.
The manufacturing industry plays an important role in the economy, and the activities of the industry are also vital for national socioeconomic development. Industrial fans are used for cooling, exhaust, material handling, air conditioning, chemical processing, combustion, agricultural, and ventilation purposes. Industrial fans are crucial and mandatory for any industrial process. They are widely used in oil & gas and manufacturing industries. These fans provide a safe, secure, comfortable, and productive working environment for long hours and days. In the oil & gas industry, industrial fans perform in the harshest and most severe conditions. Till February 2023, there were 130 operable petroleum refineries across the US The most recent one was built by Texas International Terminals in 2021, which started operating in 2022. These refineries need the optimum temperature to maintain the discharge temperature of 170°F to 180°F. Industrial fans play a crucial role in maintaining the temperature. As the number of oil and gas refineries in North America is increasing, the demand for industrial fans to maintain the temperature of plants and oil is also growing.
Activities such as production, packaging, assembling articles, and processing take place at manufacturing plants. To smoothen these activities, there should be an optimum working environment for workers. During the process of drying and cooling materials, industrial fans provide optimum airflow/pressure. In the Q2 of 2022, the construction of semiconductor chip manufacturing complex started in Texas, US by Texas Instruments, which is worth US$ 30,000 million, and it is expected to complete in Q4 of 2023. Also, in Nov 2022, the construction of the new semiconductor fabrication facility in Texas, US of worth US$ 17 billion, and it is expected to be completed in 2024. Such semiconductor plants need specialized ventilation equipment to maintain production efficiency, which is boosting the overall demand for industrial fans.
In cement production, there is a requirement for industrial fans that can resist abrasion and dust build-up and can operate in high-temperature applications. The chemical industry's operations involve handling and using hazardous and flammable substances and materials that require proper and safe storage with adequate ventilation. In such scenarios, industrial fans play a vital role in keeping the chemicals cool and avoiding the build-up of hazardous fumes. In the mining industry, industrial fans are used to supply sufficient oxygen to the working laborers and exhaust harmful gases. Improper ventilation in underground mines can result in serious health issues for the manual workforce. Hence, industrial fans are considered essential cautionary machinery in the mining industry, and their use is mandated by strict laws in several countries. Therefore, the growing use of industrial fans in industries such as oil & gas and manufacturing is driving the North America industrial fans market.
Operations in the chemical industry involve the handling and use of hazardous and flammable substances and materials that require proper and safe storage. The correct placement of industrial fans keeps chemicals cooled and avoids the build-up of hazardous fumes. Also, industrial fans are largely used in the manufacturing of distillates, fertilizers, alloys, plastic materials, paints, additives, and other chemical compounds at a primary or derived level. Moreover, other common uses of industrial fans include the treatment of exhaust gases and emissions from filtration, separation devices, and de-dusting plants. Petrochemical production's explosive and corrosive nature demands industrial fans involved in the ventilation and exhaust systems to operate petrochemical processes safely. Furthermore, the centrifugal fan can increase air circulation through a given area and has various benefits, such as increased air velocity, reduced energy consumption, reduced noise while operating, and more efficient process flow rates.
Witt & Sohn AG, Airmaster Fan Co, Johnson Controls International Plc, Systemair AB, ebm papst Inc, Greenheck Fan Corp, Jan Fan Inc, Airmax Fans, Patterson Fan Company Inc, and Triangle Engineering Inc are among the key players operating in the North America industrial fans market. Various other industrial fans market players companies are also operating in the market, and they are coming up with advanced technologies and offerings to contribute to the industrial fans market proliferation. In addition, several other industrial fans market players have been studied and analyzed during this research study to get a holistic view of the ecosystem.
The North America Industrial Fans Market is valued at US$ 1.47 Billion in 2022, it is projected to reach US$ 2.65 Billion by 2030.
As per our report North America Industrial Fans Market, the market size is valued at US$ 1.47 Billion in 2022, projecting it to reach US$ 2.65 Billion by 2030. This translates to a CAGR of approximately 7.7% during the forecast period.
The North America Industrial Fans Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Industrial Fans Market report:
The North America Industrial Fans Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Industrial Fans Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Industrial Fans Market value chain can benefit from the information contained in a comprehensive market report.
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