Diameter (250-910) MM Segment to Dominate Europe Axial Fans Market during 2020–2028

According to a new market research study on “Europe Axial Fans Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Speed, Size, Application, Type and End User,” is expected to reach US$ 2457.93 million by 2028 from US$ 1843.47 million in 2021. The market is estimated to grow at a CAGR of 3.9% from 2021 to 2028. The report provides trends prevailing in the Europe axial fans market along with the drivers and restraints pertaining to the market growth. Rise in industrialization are the major factor driving the growth of the Europe axial fans market. However, Huge noise level of axial fans hinder the growth of Europe axial fans market.

In Europe, Russia is the hardest-hit country by the COVID-19 outbreak, followed by the UK and others. Majority of European countries are expected to suffer an economic hit due to a lack of revenue from various industries, as these countries record the highest number of COVID-19 cases and deaths in the past year. Due to business lockdowns, travel bans, and supply chain disruptions, the region is anticipated to face an economic slowdown in 2020 and most likely in 2021. European countries represent a major market for axial fans owing to the stringent safety regulations established by government authorities for keeping noise level reduced in industrial environment and provide fresh air. This aspect will create lucrative opportunities for the development of low noise axial fans for industrial applications. However, the supply chain disruptions and demand decline from various end-user industries of axial fans market have led to a decline in revenues of market players operating in the European region.

Based on the speed of axial fans, the market is segmented into low speed, medium speed, and high speed. Based on size, the market is segmented into Diameter below 250 mm, Diameter (250–910) mm, Diameter (910–1500) mm and Above diameter 1500 mm). Based on application, the market is segmented into radiator, cooling and refrigeration, ventilation, and others. Based on type, the market is segmented into AC, DC, and EC types. Based on end user, the market is segmented into commercial, industrial, and residential.

Rosenberg Ventilatoren GmbH; Sofasco Fans; Sunonwealth Electric Machine Industry Co., Ltd; ZIEHL-ABEGG; OMRON Corporation; Hidria; Fulltech Electric Co., Ltd; Howden Group; COOLTRON Industrial Supply, Inc; Oriental Motor USA Corp ;Ebm-papst; WingFan Ltd. & Co. KG; Multi-Wing International a/s; FläktGroup Holding GmbH; Horton Holding, Inc; Phillips & Temro Industries; Elta Fans; BorgWarner Inc; Cofimco Srl are among the leading companies in the Europe Axial Fans Market The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Howden has acquired Peter Brotherhood from parent company Avingtrans Plc

The report segments the Europe Axial Fans Market as follows:

Europe Axial Fans Market – By Speed

• Low Speed
• Medium Speed
• High Speed

Europe Axial Fans Market – By Size

• Diameter Below 250 MM
• Diameter (250-910) MM
• Diameter (910-1500) MM
• Diameter Above 1500 MM

Europe Axial Fans Market – By Application

• Radiator
• Cooling & Refrigeration
• Ventilation
• Other

Europe Axial Fans Market – By Type

• AC
• DC
• EC

Europe Axial Fans Market – By End User

• Commercial
• Industrial
• Residential

Europe Axial Fans Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe