The global HVAC blower and fan Systems market garnered a market value of US$ 2887.6 Million in 2022 and is expected to accumulate a market value of US$ 3976.3 Million by registering a CAGR of 3.3% in the forecast period 2022-2032. The growth of the HVAC blower and fan market can be attributed to the increasing need for ventilation and cooling systems in commercial sectors. The market for HVAC blowers and fans registered a CAGR of 3.1% in the historical period 2016-2021.
The efficient movement of air through various heating, ventilation, and air conditioning systems is ensured by HVAC blower and fan systems. These HVAC blower and fan systems are made up of fans, modules, resistors, and an electric motor. These HVAC fans and blower systems have applications in a wide range of industries, including the automotive, aviation, and residential sectors.
Depending on the intended use, the HVAC blower and fan systems market offers a wide variety of products and ancillaries. Industrial applications like those in the power generation, mining, oil and gas, aviation, and automotive industries, among others, frequently use HVAC blower and fan systems.
During the forecast period, the global HVAC blower and fan system market is anticipated to grow at a steady rate, especially in developing nations like those in the Asia Pacific, Latin America, and Africa. A sizeable portion of the global market for HVAC blower and fan systems is made up of the automotive industry.
The rise in demand for HVAC blowers and fans is anticipated to be fueled by the anticipated steady growth in automotive production. Another factor that is anticipated to fuel the growth of the HVAC fans and blowers market is the increase in infrastructure spending and construction activity, especially in developing nations in the Asia Pacific and MEA regions.
Asia Pacific region is expected to witness relatively faster growth owing to growth across key application sectors for HVAC blowers and fan systems. China is expected to largely contribute to the growth of the HVAC blower and fan market owing to the increasing dependency on data collection centers and the rise in commercial sectors.
Thus, Asia Pacific is expected to procure a 20% market share for the HVAC blower and fan systems market in 2022.
- CG Power and Industrial Solutions Limited
- Acme Engineering and Manufacturing Corporation
- Air systems component Inc.
- Wuhan General Group (China) Co. Ltd.
- Continental blower LLC
- Air Master Fan Company, Inc.
- DongKun Industrial Co. Ltd.
- Fläkt Woods Group SA
- Greenheck Fan Corporation
- Howden Group Ltd
- Loren Cook Company
- Gardner Denver, Inc.
- CECO Environmental
