Medium Speed Segment to Dominate North America Axial Fans Market during 2020–2028

According to a new market research study on “North America 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$ 1472.71 million by 2028 from US$ 1060.27 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the North America axial fans market along with the drivers and restraints pertaining to the market growth. Diversified range of applications are the major factor driving the growth of the North America axial fans market. However, High noise level of axial fans hinder the growth of North America axial fans market

The US is the worst-hit country in North America due to the outbreak of COVID-19, with thousands of infected individuals facing severe health conditions across the country. Increasing number of infected individuals has led the government to impose lockdown across the nation’s borders during Q2. The majority of the manufacturing plants were either temporarily shut or are operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the North American manufacturers. The US is one of the largest markets for axial fans especially rising demand from fume hood exhaust to exhaust harmful fumes away from operator; remove welding fume from welding booths; and many more. However, the outbreak has severely affected the production and revenue generation with the lower number of manufacturing staff. Thus, the factors mentioned above have had a negative impact on the growth of the axial fans market in the 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.

Sofasco Fans; Sunonwealth Electric Machine Industry Co., Ltd; OMRON Corporation; Hidria; Fulltech Electric Co., Ltd; Howden Group; COOLTRON Industrial Supply, Inc; Oriental Motor USA Corp; Pelonis Technologies, inc; WingFan Ltd. & Co. KG; Multi-Wing International a/s; FläktGroup Holding GmbH; Horton Holding, Inc; Phillips & Temro Industries; Elta Fans; BorgWarner Inc are among the leading companies in the North America 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 North America Axial Fans Market as follows:

North America Axial Fans Market – By Speed

• Low Speed
• Medium Speed
• High Speed

North America Axial Fans Market – By Size

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

North America Axial Fans Market – By Application

• Radiator
• Cooling & Refrigeration
• Ventilation
• Other

North America Axial Fans Market – By Type

• AC
• DC
• EC

North America Axial Fans Market – By End User

• Commercial
• Industrial
• Residential

North America Axial Fans Market – By Country

• US
• Canada   
• Mexico