AC Segment to Dominate SAM Axial Fans Market during 2020–2028

According to a new market research study on “SAM 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$ 426.13 million by 2028 from US$ 339.21 million in 2021. The market is estimated to grow at a CAGR of 3.0% from 2021 to 2028. The report provides trends prevailing in the SAM axial fans market along with the drivers and restraints pertaining to the market growth. Rising demand for axial fans in vending machine are the major factor driving the growth of the SAM axial fans market. However, high noise level of axial fans hinder the growth of SAM axial fans market.

The government of South America has taken an array of actions to protect their citizens and contain the spread of COVID-19. Brazil, followed by Argentina, Chile, and Peru hold significant position in the production of petroleum products. Due to the pandemic situation, the manufacturing business has been declined, along with the lesser procurement of advanced fans and impellers. This factor has negatively impacted the axial fans market. However, the business has now resumed in South American countries, which is projected to gradually create the demand for axials among mines and industrial sector.

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.

OMRON Corporation; Fulltech Electric Co., Ltd; Howden Group; COOLTRON Industrial Supply, Inc;Pelonis Technologies, inc; WingFan Ltd. & Co. KG; Multi-Wing International a/s; FläktGroup Holding GmbH; Horton Holding, Inc; Phillips & Temro Industries; BorgWarner Inc are among the leading companies in the SAM 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 acquires Rothemühle

The report segments the SAM Axial Fans Market as follows:

SAM Axial Fans Market – By Speed

• Low Speed
• Medium Speed
• High Speed

SAM Axial Fans Market – By Size

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

SAM Axial Fans Market – By Application

• Radiator
• Cooling & Refrigeration
• Ventilation
• Other

SAM Axial Fans Market – By Type

• AC
• DC
• EC

SAM Axial Fans Market – By End User

• Commercial
• Industrial
• Residential

SAM Axial Fans Market – By Country

• Brazil
• Argentina
• Rest of SAM