Transparency Market Research delivers key insights on the global fans & blowers market. In terms of revenue, the global fans & blowers market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global fans & blowers market report.
In this market report, TMR predicts the growing commercial and industrial sector across the globe to have a noteworthy impact on the overall fans & blowers market. Advancements in product design and the introduction of smart ceiling fans are anticipated to propel the sales of fans & blowers in the Asia Pacific region. The introduction of fans & blowers with increased efficiency, easy handling, self-cleaning, and reduced noise is likely to drive the market during the forecast period. Furthermore, rise in population, upgrade of infrastructure, developments in the residential sector, and investment in commercial space is expected to fuel the fans & blowers market during the forecast period.
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Fans & Blowers Market: Prominent Regions
Geographically, Asia Pacific led the fans & blowers market in 2019 and the region is expected to retain its dominance during the forecast period. China and India are considered the major markets for fans & blowers in the Asia Pacific region, although North America and Europe have been dominating the fans & blowers market. Apart from Asia Pacific, African provinces also significantly contribute to the growth of the global fans & blowers market.
Fans & Blowers Market: Key Players
The competition landscape of the fans & blowers market is moderately fragmented with leading players accounting for nearly 30% of the revenue share. Key players operating in the global fans & blowers market include ACME Engineering & Manufacturing Corporation, Air Control Industries, Inc., Airmaster Fan, Alfa Fans, Gardner Denver, Inc., Continental Blower, LLC, and Air King America, LLC.
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Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers Market Analysis Reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
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