North America Industrial Fans Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Technology (Centrifugal, and Axial), and Industrial (Chemical & Petrochemicals, Healthcare, Automotive Manufacturing, Food & Beverage, Oil & Gas, Mining, and Others)
The North America industrial fans market is expected to grow from US$ 1.47 billion in 2022 to, US$ 2.65 billion by 2030; it is estimated to register a CAGR of 7.7% from 2022 to 2030.
Market Introduction
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.
Key Market Segments
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.
Major Sources and Companies Listed
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.
Reasons to Buy Report
- To understand the North America industrial fans market landscape and identify market segments that are most likely to guarantee a strong return.
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the North America industrial fans market.
- To efficiently plan M&A and partnership deals in the North America industrial fans market analysis by identifying market segments with the most promising probable sales.
- To make knowledgeable business decisions from the perceptive and comprehensive industrial fans market analysis for the performance of various North America industrial fans market segments.
- To obtain revenue forecast for the industrial fans market by various segments from 2022 to 2030 in US$.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Industrial Fans Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Industrial Fans Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand from Food & Beverage Industry
5.1.2 Growing Use of Industrial Fans in Oil & Gas, Cement, Chemical, Mining, and Manufacturing Industries
5.2 Market Restraints
5.2.1 Fluctuating Cost of Raw Materials
5.3 Market Opportunities
5.3.1 Rise in Power Consumption due to Urbanization
5.4 Future Trends
5.4.1 Technological Advancement in Industrial Fans
5.5 Impact Analysis of Drivers and Restraints
5.5.1 North America Industrial Fans Market: Impact Analysis of Drivers and Restraints
6. Industrial Fans Market– North America Market Analysis
6.1 North America Industrial Fans Market Overview
6.2 North America Industrial Fans Market Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. North America Industrial Fans Market Revenue and Forecast to 2030 – Technology
7.1 Overview
7.2 North America Industrial Fans Market, by Technology (2022 & 2030)
7.3 Centrifugal
7.3.1 Overview
7.3.2 Centrifugal: North America Industrial Fans Market Revenue and Forecast To 2030 (US$ Million)
7.4 Axial
7.4.1 Overview
7.4.2 Axial: North America Industrial Fans Market Revenue and Forecast To 2030 (US$ Million)
8. North America Industrial Fans Market – by Industry
8.1 Overview
8.2 North America Industrial Fans Market, by Industry (2022 & 2030)
8.3 Chemicals and Petrochemicals
8.3.1 Overview
8.3.2 Chemicals and Petrochemicals: North America Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Healthcare
8.4.1 Overview
8.4.2 Healthcare: North America Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Automotive Manufacturing
8.5.1 Overview
8.5.2 Automotive Manufacturing: North America Industrial Fans Market Revenue and Forecast To 2030 (US$ Million)
8.6 Food and Beverage
8.6.1 Overview
8.6.2 Food and Beverage: North America Industrial Fans Market Revenue and Forecast To 2030 (US$ Million)
8.7 Oil and Gas
8.7.1 Overview
8.7.2 Oil and Gas: North America Industrial Fans Market Revenue and Forecast To 2030 (US$ Million)
8.8 Mining
8.8.1 Overview
8.8.2 Mining: North America Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: North America Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Industrial Fans Market – Country Analysis
9.1 Overview
9.1.1 North America: Industrial Fans Market, by Key Country
9.1.1.1 US: Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 US: Industrial Fans Market, by Technology
9.1.1.1.2 US: Industrial Fans Market, by Industry
9.1.1.2 Canada: Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Canada: Industrial Fans Market, by Technology
9.1.1.2.2 Canada: Industrial Fans Market, by Industry
10. Impact of COVID-19 Pandemic on North America Industrial Fans Market
10.1 Overview
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Witt & Sohn AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Airmaster Fan Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Systemair AB
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 ebmpapst Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Greenheck Fan Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Jan Fan Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Johnson Controls International Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 AirMax Fans Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Patterson Fan Co Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Triangle Engineering LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Industrial Fans Market, Revenue and Forecast, 2020–2030 (US$ Million)
Table 2. North America: Industrial Fans Market, by Key Country – Revenue and Forecast to 2030 (US$ Million)
Table 3. US: Industrial Fans Market, by Technology– Revenue and Forecast to 2030 (US$ Million)
Table 4. US: Industrial Fans Market, by Industry – Revenue and Forecast to 2030 (US$ Million)
Table 5. Canada: Industrial Fans Market, by Technology– Revenue and Forecast to 2030 (US$ Million)
Table 6. Canada: Industrial Fans Market, by Industry – Revenue and Forecast to 2030 (US$ Million)
Table 7. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Industrial Fans Market Segmentation
Figure 2. North America Industrial Fans Market Segmentation – Country
Figure 3. North America Industrial Fans Market Overview
Figure 4. North America Industrial Fans Market, by Technology
Figure 5. North America Industrial Fans Market, by Industry
Figure 6. North America: PEST Analysis
Figure 7. North America Industrial Fans Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. North America Industrial Fans Market, Forecast and Analysis (US$ Million)
Figure 10. North America Industrial Fans Market, by Technology (2022 & 2030)
Figure 11. Centrifugal: North America Industrial Fans Market Revenue and Forecast to 2030 (US$ Million)
Figure 12. Axial: North America Industrial Fans Market Revenue and Forecast to 2030 (US$ Million)
Figure 13. North America Industrial Fans Market Revenue Share, by Industry (2022 & 2030)
Figure 14. Chemicals and Petrochemicals: North America Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Healthcare: North America Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Automotive Manufacturing: North America Industrial Fans Market Revenue and Forecast to 2030 (US$ Million)
Figure 17. Food and Beverage: North America Industrial Fans Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. Oil and Gas: North America Industrial Fans Market Revenue and Forecast to 2030 (US$ Million)
Figure 19. Mining: North America Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Others: North America Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. North America: Industrial Fans Market Revenue Share, by Key Country - Revenue (US$ Million)
Figure 22. North America: Industrial Fans Market Revenue Share, by Key Country (2022 & 2030)
Figure 23. US: Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Canada: Industrial Fans Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Impact of COVID-19 Pandemic on North American Country Markets
- Witt & Sohn AG
- Airmaster Fan Co
- Systemair AB
- ebm?papst Inc
- Greenheck Fan Corp
- Jan Fan Inc
- Johnson Controls International Plc
- AirMax Fans Inc
- Patterson Fan Co Inc
- Triangle Engineering LLC
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