Middle East & Africa 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)

BMIRE00028229 | Pages: 103 | Electronics and Semiconductor | Mar 2023 | Type: Regional | Status: Published

The Middle East & Africa industrial fans market is expected to grow from US$ 427.82 million in 2022 to US$ 605.53 million by 2028. It is estimated to grow at a CAGR of 6.0% from 2022 to 2028.

 

Rise in Power Consumption due to Urbanization is Likely to Provide Ample Opportunities for Middle East & Africa Industrial Fans Market Growth During the Forecast Period

 

The global power demand is rising due to a surge in economic development, rise in population, high standards of living, and rise in technological developments. Developed countries consume huge amounts of energy, and the demand for energy is increasing in developing countries. Rapid urbanization led to the development of the processing & manufacturing industry, which requires a huge amount of power for all their operations. As more people are shifting to urban areas, the demand for energy for lighting, cooking, domestic appliances, and heating is also expected to increase. Further, the growing use of air conditioners in homes and offices worldwide is the key factor driving the global demand for electricity. The rising power consumption will further increase the incorporation of power generation units such as nuclear power plants, hydropower plants, coal, and thermal power plants. Such power plants will require industrial fans for combustion and provide cooling to the inverters and generators., which will further increase the demand for industrial fans in coming years. Thus, the increasing demand for power and electricity is likely to provide ample opportunities for the Middle East & Africa industrial fans market growth during the forecast period.

 

Middle East & Africa Industrial Fans Market Overview

 

The Middle East & Africa industrial fans market is growing in the Middle East and Africa. Due to the UAE's desert climate and the incoming humidity from the Persian Gulf, the country witnesses unbearable heat for most of the year; therefore, the country has become one of the largest and most promising markets for Industrial fans in the Middle East. Moreover, the continuous inflow of capital from the government and private-sector entities is projected to drive the automotive sector, creating a high demand for Industrial fans in the coming years. For instance, the government of Abu Dhabi plans to pursue a new project, the "Abu Dhabi 2030 plan," to reduce the dependence on the oil & gas sector. It will focus on developing sufficient resilient infrastructure to support anticipated economic growth. Consequently, the expansion in infrastructure activities in the region is further expected to boost the chemical, healthcare, and oil & gas industries, which is projected to augment the growth Industrial fans market in the Middle East. In Africa, there is an increase in infrastructure investments in commercial and Industry sectors. A surge in demand for energy in the region is projected to generate extensive use of Industrial fans. Other critical indicators reinforcing the demand for Industrial fans include the need for a comfortable and safe indoor environment post-COVID-19 and the climate change influencing the ventilation system across several industries in Africa. Prominent players in the MEA industrial fans market have taken several strategic initiatives to accelerate the market's growth. For instance, in June 2021, Howden Group—a leading global provider of mission-critical air and gas handling products—acquired Fancraft (Pty) Ltd. In South Africa. Fancraft is an independent aftermarket services company focused on the maintenance, repair, and installation of air and gas rotating equipment. The combination of Fancraft with Howden's South African business will allow expanding its aftermarket service capabilities while providing Fancraft customers with access to Howden's network of technologies and global experts. Therefore, Howden's expansion in South Africa will boost the demand for standard centrifugal and mixed-flow Industrial fans.

 

Middle East & Africa Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)

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Middle East & Africa Industrial Fans Market Segmentation 

 

The Middle East & Africa industrial fans market is segmented into technology, industrial, and country.

 

Based on technology, the Middle East & Africa industrial fans market is bifurcated into centrifugal and axial. In 2022, the axial segment registered a larger share in the Middle East & Africa industrial fans market.

 

Based on industrial, the Middle East & Africa industrial fans market is segmented into chemical & petrochemicals, healthcare, automotive manufacturing, food & beverage, oil & gas, mining, and others. In 2022, the chemical & petrochemicals segment registered a largest share in the Middle East & Africa industrial fans market.

 

Based on country, the Middle East & Africa industrial fans market is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. In 2022, South Africa segment registered a largest share in the Middle East & Africa industrial fans market.

 

Airmaster Fan Co; ebm‑papst Inc; FlaktGroup Holding GmbH; Greenheck Fan Corp; Johnson Controls International Plc; and Systemair AB are the leading companies operating in the Middle East & Africa industrial fans market.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Middle East Africa Industrial Fans Market Landscape

4.1         Market Overview

4.2         Middle East Africa PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Middle East Africa Industrial Fans Market- Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Demand from Food & Beverage Industry

5.1.2        Growing Use of Industrial Fans in Oil & Gas, Cement, Chemical, Mining, and Manufacturing Industries

5.2         Market Restraints

5.2.1        Fluctuating Cost of Raw Materials

5.3         Market Opportunities

5.3.1        Rise in Power Consumption due to Urbanization

5.4         Future Trends

5.4.1        Technological Advancement in Industrial Fans

5.5         Impact Analysis of Drivers and Restraints

5.5.1        Middle East Africa Industrial Fans Market: Impact Analysis of Drivers and Restraints

6.           Industrial Fans Market– Middle East Africa Market Analysis

6.1         Middle East Africa Industrial Fans Market Forecast and Analysis

7.           Middle East Africa Industrial Fans Market Revenue and Forecast to 2028 – Technology

7.1         Overview

7.2         Middle East Africa Industrial Fans Market, by Technology (2021 & 2028)

7.3         Centrifugal

7.3.1        Overview

7.3.2        Centrifugal: Middle East Africa Industrial Fans Market Revenue and Forecast To 2028 (US$ Million)

7.4         Axial

7.4.1        Overview

7.4.2        Axial: Middle East Africa Industrial Fans Market Revenue and Forecast To 2028 (US$ Million)

8.           Middle East Africa Industrial Fans Market – by Industry

8.1         Overview

8.2         Middle East Africa Industrial Fans Market, by Industry (2021 & 2028)

8.3         Chemicals and Petrochemicals

8.3.1        Overview

8.3.2        Chemicals and Petrochemicals: Middle East Africa Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Healthcare

8.4.1        Overview

8.4.2        Healthcare: Middle East Africa Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Automotive Manufacturing

8.5.1        Overview

8.5.2        Automotive Manufacturing: Middle East Africa Industrial Fans Market Revenue and Forecast To 2028 (US$ Million)

8.6         Food and Beverage

8.6.1        Overview

8.6.2        Food and Beverage: Middle East Africa Industrial Fans Market Revenue and Forecast To 2028 (US$ Million)

8.7         Oil and gas

8.7.1        Overview

8.7.2        Oil and gas: Middle East Africa Industrial Fans Market Revenue and Forecast To 2028 (US$ Million)

8.8         Mining

8.8.1        Overview

8.8.2        Mining: Middle East Africa Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

8.9         Others

8.9.1        Overview

8.9.2        Others: Middle East Africa Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

9.           Middle East Africa Industrial Fans Market – Country Analysis

9.1         Overview

9.1.1        Middle East & Africa: Industrial Fans Market, by Key Country

9.1.1.1          South Africa: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          South Africa: Industrial Fans Market, by Technology

9.1.1.1.2          South Africa: Industrial Fans Market, by Industry

9.1.1.2          UAE: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          UAE: Industrial Fans Market, by Technology

9.1.1.2.2          UAE: Industrial Fans Market, by Industry

9.1.1.3          Saudi Arabia: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Saudi Arabia: Industrial Fans Market, by Technology

9.1.1.3.2          Saudi Arabia: Industrial Fans Market, by Industry

9.1.1.4          Rest of Middle East & Africa: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          Rest of Middle East & Africa: Industrial Fans Market, by Technology

9.1.1.4.2          Rest of Middle East & Africa: Industrial Fans Market, by Industry

10.        Industry Landscape

10.1      Overview

10.2      Market Initiative

10.3      New Product Development

10.4      Merger and Acquisition

11.        Company Profiles

11.1      Airmaster Fan Co

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      FlaktGroup Holding GmbH

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      Systemair AB

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      ebm-papst Inc

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Greenheck Fan Corp

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      Johnson Controls International Plc

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Word Index 

LIST OF TABLES

Table 1.             Middle East Africa Industrial Fans Market, Revenue and Forecast, 2019–2028 (US$ Million)

Table 2.             Middle East & Africa: Industrial Fans Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             South Africa: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)

Table 4.             South Africa: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 5.             UAE: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)

Table 6.             UAE: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Saudi Arabia: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)

Table 8.             Saudi Arabia: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Rest of Middle East & Africa: Industrial Fans Market, by Technology– Revenue and Forecast to 2028 (US$ Million)

Table 10.          Rest of Middle East & Africa: Industrial Fans Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 11.          List of Abbreviation 

LIST OF FIGURES

Figure 1.           Middle East Africa Industrial Fans Market Segmentation

Figure 2.           Middle East Africa Industrial Fans Market Segmentation – Country

Figure 3.           Middle East Africa Industrial Fans Market Overview

Figure 4.           Middle East Africa Industrial Fans Market, by Technology

Figure 5.           Middle East Africa Industrial Fans Market, by Industry

Figure 6.           Middle East Africa Industrial Fans Market, by Country

Figure 7.           Middle East Africa: PEST Analysis

Figure 8.           Middle East Africa Industrial Fans Market Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        Middle East Africa Industrial Fans Market, Forecast and Analysis (US$ Million)

Figure 11.        Middle East Africa Industrial Fans Market, by Technology (2021 & 2028)

Figure 12.        Centrifugal: Middle East Africa Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Axial: Middle East Africa Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Middle East Africa Industrial Fans Market Revenue Share, by Industry (2021 & 2028)

Figure 15.        Chemicals and Petrochemicals: Middle East Africa Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Healthcare: Middle East Africa Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Automotive Manufacturing: Middle East Africa Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Food and Beverage: Middle East Africa Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Oil and gas: Middle East Africa Industrial Fans Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Mining: Middle East Africa Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Others: Middle East Africa Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Middle East & Africa: Industrial Fans Market, by Key Country - Revenue (2021) (US$ Million)

Figure 23.        Middle East & Africa: Industrial Fans Market Revenue Share, by Key Country (2021 & 2028)

Figure 24.        South Africa: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        UAE: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Saudi Arabia: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Rest of Middle East & Africa: Industrial Fans Market – Revenue and Forecast to 2028 (US$ Million)

  1. Airmaster Fan Co
  2. ebm-papst Inc
  3. FlaktGroup Holding GmbH
  4. Greenheck Fan Corp
  5. Johnson Controls International Plc
  6. Systemair AB
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa industrial fans market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa industrial fans market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the industrial fans market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

 

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