South America Fans & Blowers Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Fans & Blowers Market Analysis
The South America fans and blowers market is expected to rise at a CAGR of approximately 3% during the forecast period of 2020-2025. Factor such as growing industrial, mining, and agriculture sectors, which uses fans and blowers in large numbers, are likely to drive the South America and blowers market. However, increasing the share of renewable energy that does not use fans and blowers is expected to restrain the South America fans and blowers market.
- Due to a wide range of usage of fans and blowers in the industries for multiple applications, the industry segment is expected to be the largest segment for the South America fans and blowers market.
- With developing technologies, the cost of operating fans and blowers has been decreasing. Furthermore, with no alternatives available for replacing fans and blowers, and increasing ongoing industrial activities are expected to create several opportunities for South America fans and blowers market in the future.
- Due to its increasing demand for electricity and growing manufacturing and commercial sectors, Brazil is expected to be the largest market for South America fans and blowers.
South America Fans & Blowers Market Trends
This section covers the major market trends shaping the South America 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.
- In 2019, the coal consumption in South America was about 1.48 Exajoules, which was higher than what the region consumed in 2018, 1.45 Exajoules. The increase in coal consumption in the region exhibits an increase in coal as fuel-based energy, which 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.
- Hence, owing to the above points, the industrial segment is likely to dominate the South America fans and blowers market during the forecast period.
Brazil Expected to Dominate the Market
- Brazil, due to the constant increase in energy demand and an increasing number of commercial and industrial operations, the country is likely to be the fastest-growing market for the fans and blowers in South America. Moreover, the growth in the share of natural gas in power generation in the country is likely to drive the fans and blowers.
- Mine fans and tunnel ventilation fans are expected to be the dominating sectors. The demand for these categories of fans is expected to receive a significant boost during the forecast period, from Brazil. Moreover, the increasing electricity generation from coal-fired power plants in the country is expected to drive the fans and blowers market.
- In 2019, Brazil's primary energy consumption was 12.4 Exajoules, which was about 43.34% of South America's total primary energy consumed. Brazil's considerable share of energy demand is likely to create dominance over the fans and blowers market in the region.
- The ease of doing business in Brazil also provides global players an opportunity to invest in the market. The increase in the manufacturing activities is expected to provide an impetus for the growth of the fans and blowers market in the studied period.
- Hence, owing to the above points, Brazil is expected to dominate the South America fans and blowers market during the forecast period.
South America Fans & Blowers Industry Overview
The South America fans and blowers market ismoderately fragmented. Some of the key players in this market include Trane Technologies plc, Loren Cook Company, Ltd, Greenheck Fan Corp., Howden Group Ltd, and Continental Blower Llc.
South America Fans & Blowers Market Leaders
Loren Cook Company
Greenheck Fan Corp
Howden Group Ltd
Continental Blower Llc
Trane Technologies plc
*Disclaimer: Major Players sorted in no particular order
South America Fans & Blowers Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Scope of the Study
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1.2 Market Definition
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1.3 Study Assumptions
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2. EXECUTIVE SUMMARY
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3. RESEARCH METHODOLOGY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Market Size and Demand Forecast in USD billion, till 2025
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4.3 Recent Trends and Developments
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4.4 Government Policies and Regulations
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4.5 Market Dynamics
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4.5.1 Drivers
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4.5.2 Restraints
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4.6 Supply Chain Analysis
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4.7 Porter's Five Force Analysis
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4.7.1 Bargaining Power of Suppliers
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4.7.2 Bargaining Power of Consumers
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4.7.3 Threat of New Entrants
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4.7.4 Threat of Substitutes Products and Services
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4.7.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Technology
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5.1.1 Centrifugal
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5.1.2 Axial
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5.2 Deployment
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5.2.1 Commercial
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5.2.2 Industrial
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5.3 Geography
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5.3.1 Brazil
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5.3.2 Argentina
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5.3.3 Rest of the South America
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
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6.2 Strategies Adopted by Key Players
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6.3 Company Profiles
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6.3.1 Trane Technologies plc
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6.3.2 Ebm-Papst Group
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6.3.3 Howden Group Ltd
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6.3.4 COOLTRON Industrial Supply, Inc.
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6.3.5 CONTINENTAL BLOWER LLC
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6.3.6 Greenheck Fan Corp.
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6.3.7 LOREN COOK COMPANY
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6.3.8 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Fans & Blowers Industry Segmentation
The South America fans and blowers market report include:
| Technology | |
| Centrifugal | |
| Axial |
| Deployment | |
| Commercial | |
| Industrial |
| Geography | |
| Brazil | |
| Argentina | |
| Rest of the South America |
South America Fans & Blowers Market Research FAQs
What is the current South America Fans and Blowers Market size?
The South America Fans and Blowers Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in South America Fans and Blowers Market?
Loren Cook Company, Greenheck Fan Corp, Howden Group Ltd, Continental Blower Llc and Trane Technologies plc are the major companies operating in the South America Fans and Blowers Market.
What years does this South America Fans and Blowers Market cover?
The report covers the South America Fans and Blowers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the South America Fans and Blowers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Fans and Blowers Industry Report
Statistics for the 2024 South America Fans and Blowers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Fans and Blowers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
