Market Trends of Europe Fans and Blowers Industry
This section covers the major market trends shaping the Europe Fans & Blowers Market according to our research experts:
Industrial Segment Expected to Dominate the Market
- Fans and blowers are being used in various industries such as chemical, petrochemicals, and the information technology industry for maintaining indoor air quality and a dust-free environment to work for the people.
- Fans and blowers are primarily used in the power industry for cooling and exhaustion purposes, aeration in the power plant, air pollution control, to maintain the stable flow of the air during the power generation process and heat recovery process, and to maintain required temperature and pressure.
- The European food and drinks industry has more than 285,000 small- to mid-level companies. The demand for processed food in Europe is very high, and the region is a major exporter of processed food.
- In 2019, the electricity generated from oil, natural gas, and coal in Europe was about 2484.3 terawatt-hours, about 45.8% of the total electricity generated. The significant share of conventional thermal power is likely to use several fans and blowers in the power plants to maintain air quality and is expected to drive the fans and blowers market in the region.
- Fans & blowers are typically used for drying, dust control, fume control, and exhaust and material conveying in the cement industry. The simplest of the fans & blowers are used as dryers to reduce the moisture level in cement. The growing cement industry of the region due to the increase in the infrastructural sector is likely to drive the Europe fans and blowers market.
- Hence, owing to the above points, the industrial segment is likely to dominate the Europe fans and blowers market during the forecast period.
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Germany Expected to Dominate the Market
- The German building and construction industry is witnessing growth, with the development of housing and commercial infrastructure. The development of infrastructural projects in the country may drive the demand for cement, which, in turn, is expected to drive the market fans and blowers during the forecast period.
- Germany is one of the leading countries in manufacturing technology, and it supplies products throughout the world. The country houses major automobile production facilities, which uses fans and blowers for several purposes in their plants. The robust automobile manufacturing infrastructure in the country is expected to drive the fans and blowers market during the forecast period.
- The energy-consumption pattern in Germany indicates the widespread use of fossil fuel, which is a big boost for the fans and blowers market in the country. The gas and coal-fired power plants are significant sources of electricity in the country. In 2019, the total electricity generated from gas-fired power plants was 91 terawatt-hours (TWh), which was higher than that produced by the country in 2018, 82.5 terawatt-hours (TWh).
- Hence, owing to the above points, Germany is expected to dominate the Europe fans and blowers market during the forecast period.
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