Market Size of North America Fans and Blowers Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Fans and Blowers Market Analysis
The market for fans and blowers in North America is expected to grow at a CAGR of approximately 4.50% during 2020-2025. Increasing demand for cooling systems from data centers and favorable government regulations are the major factors driving the North America fans and blowers market. Renewable power plants require very limited infrastructure for fans and blowers. The trends in North America's power industry, of moving from fossil-fired power plants to renewable power plants, is expected to restrain the demand for fans and blowers, during the forecast period.
- The commercial sector is expected to account for the largest end-user sector in the North America fans and blowers market owing to increasing private and public investments on the construction of commercial buildings, especially the data centers infrastructure, for which fans are an integral part of the cooling system required in these commercial buildings.
- A new stream of investment in Mexico's oil and gas infrastructure is expected to create a significant opportunity for equipment, including fans and blowers in the coming years.
- The United States is expected to dominate the market over the forecast period owing to the growing demand from commercial and industrial sectors in the country.
