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I AgreeExpansion of several end-use industries such as food & beverage, steel, cement, chemical, construction, and manufacturing, worldwide, is anticipated to boost the industrial fans and blowers market. Rising demand for food & beverage worldwide is anticipated to boost the demand for food processing units. This, in turn, is anticipated to fuel the industrial fans and blowers market. Similarly, expansion of construction and manufacturing industries globally has led to the construction of new industrial units, which in turn is anticipated to propel the demand for industrial fans and blowers.
Rising demand for power consumption, owing to increased population, is driving the incorporation of power generation units such as nuclear power plants, hydro power plants, coal, and thermal power plants. Such power plants require industrial fans and blowers to supply air for combustion, supply fuel to burners, and circulate gases for better heat transfer. Additionally, solar and wind energy power plants require industrial fans to cool down the inverters and generators. Rising demand for wind and solar energy is anticipated to boost the demand for industrial fans and blowers in the next couple of years.
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The industrial fans and blowers market is highly fragmented market with presence of some key players coupled with the presence of numerous regional players
Key market players are expected to get benefited from the rising industrial expenditure and new infrastructure development driven by increase in the number of industries across the globe. The players are focusing on increasing mergers and acquisitions to gain an edge over competitors.
A few of the key players operating in the global industrial fans and blowers market are:
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Global Industrial Fans and Blowers Market, by Product Type
Global Industrial Fans and Blowers Market, by Distribution Channel
The report on the global industrial fans and blowers market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
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