Fan and Blowers market is projected to grow from US$ 8.4 Billion in 2024 to US$ 14.4 Billion by 2034. Rising power consumption, due to augmented population, is driving the incorporation of power generation units such as nuclear power plants, hydropower plants, coal, and thermal power plants. All of this requires industrial fans and blowers to supply air for combustion, supply fuel to burners, and circulate gases for better heat transfer such factor drives growth for the target market. For instance according to IAE Org global energy demand increase by 2.3% in 2018, its fastest pace in the last decade.

The report "Fan and Blowers Market By Technology (Centrifugal, and Axial), By Deployment (Industrial, (Power Generation, Oil & Gas, Construction, Iron & Steel, Chemicals, Mining, and Others), and Commercial), and Region - Global Forecast to 2034"

Key Highlights:

• In JULY, 2019 Fans & Blower announce GBZ series of industrial centrifugal fans intended for use on natural gas

Key Market Insights from the report:        

Fan and Blowers market accounted for US$ 14.4 Billion by 2034 and is projected to register a moderate CAGR of 5.50% over the forecast period. The market report has been segmented based on technology, by deployment, and region.

• By technology fan and blowers market is classified in to centrifugal, and axial),
• By deployment fan and blowers market is classified into industrial, (power generation, oil & gas, construction, iron & steel, chemicals, mining, and others), and commercial.
• By region, Asia Pacific is expected to dominate the target market. Owing to the growth of refinery and petrochemical business, the country is expected to witness an increase in the demand for fans and blowers, during the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Fan and Blowers Market, By Technology (Centrifugal, and Axial), By Deployment (Industrial, (Power Generation, Oil & Gas, Construction, Iron & Steel, Chemicals, Mining, and Others), and Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - forecast till 2034

The key players operating the Fan and Blowers market involves Acme Engineering & Manufacturing Corp, Airmaster Fan Company Inc., Continental Blower LLC, CG Power and Industrial Solutions Limited, DongKun Industrial Co. Ltd, Flakt Woods Group SA, Gardner Denver Inc., Greenheck Fan Corp., Howden Group Ltd, and Loren Cook Company.

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