Report : North America Industrial Fans Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Technology (Centrifugal and Axial), Industrial (Chemical & Petrochemicals, Healthcare, Automotive Manufacturing, Food & beverage, Oil & Gas, Mining, and Others)
At 7.3% CAGR, the North America Industrial Fans Market is speculated to be worth US$ 2,544.15 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America industrial fans market was valued at US$ 1,667.43 million in 2022 and is expected to reach US$ 2,544.15 million by 2028, registering a CAGR of 7.3% from 2022 to 2028. Increasing demand from food & beverage industry and growing use of industrial fans in oil & gas, cement, chemical, mining, and manufacturing industries are the critical factors attributed to the North America industrial fans market expansion.
The elimination of contaminants is a major concern in the food & beverage industry. Every stage of manufacturing a food product, from packaging to storage, must adhere to stringent safety guidelines to ensure human health and legal compliance. Many food products are susceptible to contamination and bacterial and fungal infestation and growth. Hence, proper ventilation is necessary to keep them from perishing due to moisture or mold growth. Industrial fans are a crucial part of the food & beverage industry., The food industry equipment such as ovens, ventilation systems, and exhaust includes fans to prevent overheating, spoilage, and food deterioration. In the food processing and beverage industries, industrial fans have a wide range of operations connected to the whole supply chain, from raw materials to finished goods. Industrial fans in the food processing units are used for various tasks such as general ventilation, supply, exhaust, combustion, drying, heating, cooling, dust collecting, and air filtering. Industrial fans are widely used in the food & beverage industry for the following applications:
Material Handling: Industrial fans used in food processing units ensure that products that are being transported are supplied with a clean, hygienic supply of fresh air. Additionally, industrial fans support workers' health by acting as an air-cleaning system.
Food Drying: Industrial fans help in the drying of washed fruits and vegetables as well as the reduction of water volume in some products.
Cooking: Industrial fans are used in the food processing unit while cooking. Industrial fans are placed directly over ovens and furnaces to prevent explosive atmospheres. Industrial fans are widely used during high-pressure cooking.
Packaging & Storage: The use of high-pressure industrial fans in the food processing unit for packaging & storage is necessary for effective product packaging. It is used to create a vacuum inside containers or other forms of storage before filling them with the finished goods.
Thus, numerous applications of industrial fans in the food & beverage industry are increasing their demand from the food & beverage industries, which is driving the growth of the North America industrial fans market.
On the contrary, fluctuating cost of raw materials hurdles the growth of North America industrial fans market.
Based on technology, the North America industrial fans market is bifurcated into centrifugal and axial. The axial segment held 57.8% share of North America industrial fans market in 2022, amassing US$ 963.12 million. It is projected to garner US$ 1,426.72 million by 2028 to expand at 6.8% CAGR during 2022–2028.
Based on industrial, the North America industrial fans market is segmented into chemical & petrochemicals, healthcare, automotive manufacturing, food & beverage, oil & gas, mining, and others. The chemical & petrochemicals segment held 24.3% share of North America industrial fans market in 2022, amassing US$ 404.89 million. It is projected to garner US$ 622.98 million by 2028 to expand at 7.4% CAGR during 2022–2028.
Based on country, the North America industrial fans market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 78.7% share of North America industrial fans market in 2022. It was assessed at US$ 1,312.89 million in 2022 and is likely to hit US$ 2,046.15 million by 2028, exhibiting a CAGR of 7.7% during the forecast period.
Key players profiles in the North America industrial fans market report are Airmaster Fan Co; ebm‑papst Inc; FlaktGroup Holding GmbH; Greenheck Fan Corp; Jan Fan Inc; Johnson Controls International Plc; Systemair AB; and Witt & Sohn AG, among others.
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