Market Size of Middle-East Fans and Blowers Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Middle-East Fans & Blowers Market Analysis
The Middle East fans and blowers market is expected to register a CAGR of more than 2.5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market reached pre-pandemic levels.
- Over the long term, the major driving factor of the market is the increasing demand for cooling systems (as fans and blowers are the integral parts of cooling systems) from data centers.
- On the flip side, renewable power plants require minimal infrastructure for fans and blowers. With many major countries in the region looking forward to shifting toward renewable energy sources, the share of renewable power plants in the power generation mix is expected to increase over the coming years, which, in turn, is expected to restrain the demand for fans and blowers during the forecast period.
- Nevertheless, with the increasing urbanization and growing population, buildings' average height and congestion have increased. Since this trend is expected to continue during the forecast period, the demand for ventilating equipment to make up for the unavailability of proper ventilation is expected to increase, providing an opportunity for the market's growth.
- The United Arab Emirates is likely to witness significant growth in the Middle East fans and blowers market during the forecast period.
