Fans & Blowers Market: Introduction
Transparency Market Research delivers key insights on the global fans & blowers market. In terms of revenue, the global fans & blowers market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global fans & blowers market report.
In this market report, TMR predicts the growing commercial and industrial sector across the globe to have a noteworthy impact on the overall fans & blowers market. Advancements in product design and the introduction of smart ceiling fans are anticipated to propel the sales of fans & blowers in the Asia Pacific region. The introduction of fans & blowers with increased efficiency, easy handling, self-cleaning, and reduced noise is likely to drive the market during the forecast period. Furthermore, rise in population, upgrade of infrastructure, developments in the residential sector, and investment in commercial space is expected to fuel the fans & blowers market during the forecast period.
In terms of type, the fans & blowers market has been segmented into standard ceiling fans, HVLS ceiling fans, caged direction, ceiling columns destratification fans, portable evaporative coolers, air supply fans, and exhaust fans. During the forecast period, the market is anticipated to be dominated by the standard ceiling fans segment. In the report, based on application, the fans & blowers market has been segmented into commercial, industrial, and others.
Based on distribution channel, the fans & blowers market has been segmented into online and offline. The offline segment is anticipated to expand at a significant growth rate during the forecast period. Asia Pacific has seen a surge in adoption of e-Commerce among consumers, which in turn has increased online retail sales of fans & blowers.
Fans & Blowers Market: Prominent Regions
Geographically, Asia Pacific led the fans & blowers market in 2019 and the region is expected to retain its dominance during the forecast period. China and India are considered the major markets for fans & blowers in the Asia Pacific region, although North America and Europe have been dominating the fans & blowers market. Apart from Asia Pacific, African provinces also significantly contribute to the growth of the global fans & blowers market.
Fans & Blowers Market: Key Players
The competition landscape of the fans & blowers market is moderately fragmented with leading players accounting for nearly 30% of the revenue share. Key players operating in the global fans & blowers market include ACME Engineering & Manufacturing Corporation, Air Control Industries, Inc., Airmaster Fan, Alfa Fans, Gardner Denver, Inc., Continental Blower, LLC, and Air King America, LLC.
Global Fans & Blowers Market: Segmentation
Fans & Blowers Market, by Type
Fans & Blowers Market, by Application
Fans & Blowers Market, by Distribution Channel
Fans & Blowers Market, by Region
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