The duct fans market is projected to be valued at USD 96,354.0 million in 2023 and is expected to rise to USD 162,788.1 million by 2033. The sales of duct fans are expected to record a significant CAGR of 6.0% during the forecast period.
The growth in industrial constructions requires the adoption of duty fans due to rising concerns regarding air quality, such as low indoor air quality. However, oil prices keep increasing, which is estimated to hamper the duct fan market growth.
On the contrary, continuous technological innovations that improve the systems of these duct fans are likely to create opportunities for the growth of the duct fans market share.
| Attribute | Details |
|---|---|
| Duct Fans Market Estimated Size (2023) | USD 96,354.0 million |
| Duct Fans Market CAGR (2023 to 2033) | 6.0% |
| Duct Fans Market Forecasted Size (2033) | USD 162,788.1 million |
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BRICS economies have grown substantially in the construction and building industries, increasing the demand for duct fans. Additionally, the increase in smart home projects is a key factor contributing to the growth of the duct fans market trends.
Industries in the developed regions are improving and renovating construction sectors require the expulsion of harmful gases, bad odors, and other impurities. For instance, around 5,000 construction projects are ongoing in Saudi Arabia, valued at around USD 800 billion, which is expected to increase the demand for these fans.
The pharmaceutical industry is one of the most hazardous industries as it requires the dealing of chemicals. In addition, the relative humidity and temperature need to be maintained to prevent products from spoiling. These factors are anticipated to surge the sales of duct fans.
Due to increasing air pollution surging chronic lung diseases, the level of contamination in the air is capped by government authorities and regulated, forcing companies to take sustainable steps to address these issues. Hence, these industries are increasingly installing duct fans to maintain the fresh air supply in an operation space, which is vital for a healthy work environment.
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The cement industry needs a good ventilation system as it suffers from pollution from various chemicals such as calcium oxide, gypsum, and aluminum silicate used in the industry. Moreover, the temperature in the industry becomes high due to the presence of a kiln. These factors are increasing the adoption of duct fans.
The demand for duct fans is diminishing in the oil and gas industry. This factor and ambiguous exploration investments are expected to hamper the global duct fan market growth significantly.
Conversely, the revival of other energy sectors, such as nuclear energy, is likely to create some opportunities for the growth of the duct fans market. Furthermore, the surge in the construction of green buildings and strengthened government regulations regarding carbon emissions are expected to boost the duct fans market size.
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Molded Case Circuit Breakers (MCCBs) play a crucial role in the duct fans market, ensuring safety and protection in electrical systems. MCCBs are widely used as protective devices in duct fan installations to safeguard against overcurrents and short circuits. Their ability to trip and interrupt the flow of electrical current in case of faults or overloads prevents damage to the duct fan motors and associated equipment.
As safety regulations and electrical standards become more stringent, the demand for high-quality MCCBs in the duct fans market is expected to increase. These reliable and efficient devices contribute significantly to the overall performance and reliability of duct fan systems, making them an essential component in the industry.
The need for efficient duct fans becomes crucial as the demand for proper ventilation and air circulation rises in commercial spaces such as offices, shopping malls, hotels, restaurants, and educational institutions. In commercial settings, duct fans are vital in maintaining indoor air quality providing a comfortable and conducive environment for employees, customers, and visitors. They aid in removing stale air, controlling humidity levels, and preventing the buildup of pollutants and odors. Additionally, energy-efficient duct fans help businesses reduce operating costs and comply with environmental regulations.
North America holds the commanding share of the duct fans market with revenue of 22%. This is attributed to this region's higher industrial growth rate, especially in the United States.
The United States has a strong foothold of 16.6% value share in the duct fans market. To capture the lucrative market, manufacturers of industrial ventilation are channeling their resources and export volumes. In addition, government policies and regulations and developed production facilities are enabling accelerated growth of the duct fans market share.
Due to rapid adoption and expanding infrastructure, Europe holds the second-leading share of the duct fans market with revenue of 19%. Germany is likely to be a front-runner in demand for duct fans in the European region, witnessing a 9.5% value share in 2022.
The increase in industrial spending is estimated to increase the deployment of duct fans. Moreover, Germany has increased its domestic capacity to cater to customized demand.
India's duct fans market has experienced significant growth due to infrastructure development, increasing awareness of indoor air quality, industrial expansion, and the adoption of energy-efficient solutions. The demand for duct fans has been driven by the need for proper ventilation in residential, commercial, and industrial spaces, as well as their application in agriculture and horticulture. Technological advancements and local manufacturing have made duct fans more accessible and affordable. As India continues its economic growth and urbanization, the duct fans market is expected to thrive, contributing to healthier and more sustainable indoor environments across the country.
Systemair AB - It is a leading ventilation company with operations in 52 countries in Europe, North America, the Middle East, Asia, Australia, and Africa. The Company had sales of SEK 9.6 billion in the 2021/22 financial year and today employs around 6,700 people.
Acme Engineering & Manufacturing Corp. - It is known worldwide as a leader in manufacturing fans, blowers, and ventilation equipment. Acme's growth over the past half-century is a tribute to superior quality, customer loyalty, and dedicated employees and sales representatives.
Air System Components Inc. is a market-leading supplier of heating, air conditioning, and ventilation system components for commercial, industrial, and residential applications.
Airmaster Fan Company Inc. - The Company can trace its roots to 1886 with the invention of the first electric fan. Airmaster offers ‘Quality You Can Feel’ in a wide range of products for air circulation, local heating, and ventilation from their plants in Jackson and Clarklake, Michigan.
Continental Blower LLC - The Company is a leading supplier of high-reliability blower and exhauster solutions in North America. Headquartered in Syracuse, NY, they offer a wide range of multistage centrifugal and single-stage, integrally geared turbo air and gas-handling blowers and exhausters - as well as controls, parts, and accessories - for industrial, municipal, and OEM applications.
Recent Developments
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.0% from 2023 to 2033 |
| Base Year of Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and Volume in Units and F-CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
| Key Segments Covered | Product Type, Shape, End-use industry, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | Systemair AB; Acme Engineering & Manufacturing Corp.; Air System Components Inc.; Airmaster Fan Company Inc.; Continental Blower LLC; CECO Environmental; Crompton Greaves Limited; DongKun Industrial Co. Ltd.; Flakt Woods Group SA; Robinson Fans; Twin City Fan Companies; Greenheck Fan Corporation; Nortek Air Solutions; Johnson Controls; Loren Cook; FläktGroup; Soler & Palau; Polypipe Ventilation; Nanfang Ventilator; Continental Fan Manufacturing Inc.; Ebara Corporation; Elta Fans; Ferrari Ventilatori Industriali S.p.A; Formula Air, etc. |
| Customization & Pricing | Available upon Request |
The market size of duct fans is USD 96,354.0 million in 2023.
In the future, the market is expected to attain a market value of USD 162,788.1 million by 2033.
Constant technological innovations are emerging in the market.
The commercial end users are the prominent deployers of duct fans, holding 26.6% of the global market.
The market leaders in duct fans market are Airmaster Fan Company Inc., Continental Blower LLC, and CECO Environmental.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Centrifugal Fans 5.2. Axial Fans 5.3. Cross-Flow Fans 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Shape 6.1. Circular 6.2. Rectangular 6.3. Square 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Residential 7.2. Commercial 7.3. Industrial 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. CECO Environmental 18.2. Crompton Greaves Limited 18.3. DongKun Industrial Co. Ltd. 18.4. Flakt Woods Group SA 18.5. Robinson Fans 18.6. Twin City Fan Companies 18.7. Greenheck Fan Corporation 18.8. Nortek Air Solutions 18.9. Johnson Controls 18.10. Loren Cook 18.11. Twin City Fan 18.12. FläktGroup 18.13. Soler & Palau 18.14. Polypipe Ventilation 18.15. Nanfang Ventilator 18.16. Continental Fan Manufacturing Inc. 18.17. Ebara Corporation 18.18. Elta Fans 18.19. Ferrari Ventilatori Industriali S.p.A 18.20. Formula Air 19. Assumptions & Acronyms Used 20. Research Methodology
Industrial Automation
June 2023
REP-GB-17417
318 pages
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Duct Fans Market
