San Jose, California (PRWEB) March 31, 2014
Follow us on LinkedIn – Air-movement systems, such as fans and blowers, find application in process-critical applications, as well as safety-ventilation and material handling applications in a diverse array of industries, including petrochemicals, mining, metallurgy, chemical processing, power generation, automotive, agriculture, and pulp/paper production, among others. Growth in the market is therefore closely linked to macroeconomic factors such as industrial production, manufacturing capacity utilization rates, and commercial activity levels. Though the 2007-2009 world recession dealt a setback to growth, demand bounced back in the year 2010 in tune with the economic revival. While the prolonged softness in economic growth in Europe, the United States and Japan in the post-recession period tempered global demand, the market nevertheless has been picking up pace, drawing momentum from emerging countries in Asia Pacific and Latin America.
Escalating consumer and industrial demand for electricity is encouraging capacity expansion and installation of new utility and industrial power generation facilities, thereby bolstering demand for air-moving equipment in the energy sector. In addition, the strong environmental protection drive, coupled with the recent changes in global fuel trade dynamics, is buoying demand for special exhaust and cooling fans for use in gas-turbines and large-scale induced draft fans and blowers for use in waste heat recovery steam generators in advanced economies. Moreover, against the backdrop of positive outlook for the petrochemicals industry, demand for centrifugal fans and blowers is expected to gain momentum in the near term. Despite the challenging economic climate, steel production is expected to pick up significantly in the coming years led by increased consumption in emerging markets, which in turn is expected to boost demand for backwardly inclined fans, industrial exhausters, pressure blowers, turbo pressure blowers, and cast aluminum pressure blowers. The resurgence in cement production is generating demand for general-purpose and pre-engineered fans, large-scale fans, custom–tailored process-critical application fans, and RPD blowers. Revival in mining activity after a brief downslide in recent years, coupled with increasing complexity and challenges associated with mining operations will additionally benefit market growth.
Demand is also expected to gain from stricter government regulations on industrial and power generation sectors for curbing emissions of greenhouse gases and hazardous air pollutants. Also, the air purification equipment market will be stimulated by upgradation and retrofitting of existing plants, as power producers invest in industrial and commercial fans and blowers as a quick fix solution to adhere to specified emission directives. Rotary heat exchangers and fans are used for boiler draught applications as well as for emission control in the nuclear power sector. Positive displacement blowers, turbo centrifugal blowers, and heavy duty axial fans are also being increasingly utilized for other environmental applications, such as bubbling air through industrial waste and sewage water to industrial leaf blowers and street cleaners.
As stated by the new market research report on Industrial and Commercial Fans and Blowers, the United States represents the single largest market worldwide. Asia-Pacific, led by China, represents the fastest-growing market with a CAGR of 6.2% over the analysis period. In China, demand is supported by the significantly higher number of industrial plants and new power generation plants scheduled to come online in the country in the coming years.
Major players covered in the report include Acme Engineering & Manufacturing Corporation, Air System Components Inc., Airmaster Fan Company Inc., Continental Blower LLC, Crompton Greaves Limited, DongKun Industrial Co. Ltd., Fläkt Woods Group SA, Gardner Denver Inc., Greenheck Fan Corp., Howden Group Ltd., Loren Cook Company , The New York Blower Company, Tuthill Corporation, and Wuhan General Group (China) Inc., among others.
The research report titled “Industrial and Commercial Fans and Blowers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of growth drivers, trends, issues, challenges, and mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides sales estimates and projections in US dollars for major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World markets.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Industrial_and_Commercial_Fans_and_Blowers_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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