Propeller Fans Market - Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027

Propeller fans are basic multi-blade rotating axial fans. These fans do not have any additional features. They are used for a variety of applications such as small computer fans and large scale commercial condenser fans. Propeller fans are inexpensive as compared to other fan types, owing to their simple construction. These fans may work on direct/indirect drives and tend to have limited operating conditions. Propeller fans have the tendency to overload or stall if any flow passages are blocked. Fans that are used for industrial or commercial purposes have thinner, stronger fan blades and are designed for environments with more back-pressure.

Driving Factors:

  • The propeller fans market is estimated to expand at a rapid pace in the coming years. With a rise in the growth rate of the pharmaceutical and chemical industries, new capacity additions for various downstream products are anticipated to rise over the coming years. Ventilation equipment is necessary for all manufacturing industries. This is expected to augment the market in the near future.

  • Moreover, global economic growth, changing global dynamics, and rapid urbanization are expected to boost demand for propeller fans in the coming years.

  • Recovering growth in the industrial sector is anticipated to provide significant growth prospects for the propeller fans market.

  • Axial fans usually have two to six blades. The material and design should be in accordance with customer specifications, which are dependent upon the application. Each application has specific pressure and flow requirements. For instance, propeller fans used in toxic environments require extreme abrasion, corrosion, and temperature resistance. Although pre-engineered or standard designs might suffice for simple application requirements, custom designs might be needed for applications with more complex requirements.

Market Segmentation:

  • The propeller fans market can be segmented based on product, material, application, end-use, and region.

  • Based on the product, the propeller fans market can be segmented into free fans and panel/ring fans. In terms of material, the propeller fans market can be classified into plastic and metal. Based on the application, the market can be segmented into duct propeller fans, ceiling axial fans, column axial fans, and others. In terms of end-use, the market can be categorized into bathroom exhaust fans, air conditioning condenser fans, and window fans.

  • Based on the region, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The propeller fan industry in Europe consists predominantly of small and medium enterprises (SMEs). Manufacturers from developing nations can supply these manufacturers as subcontractors. Traders in the region can enhance their opportunities by focusing on a few specialized products. The manufacturers of propeller fans are the most important targets for such specialized products as most of them are likely to subcontract their production to low-cost countries. Distributors are also a viable target as they have access to the local market in the region.

  • The Asia Pacific dominated the propeller fan market, and the trend is anticipated to continue in the coming years. The residential applications of the propeller fan dominated the sales of these products. An increase in global warming, temperate weather conditions, and high population concentration in the region are expected to boost sales of propeller fans in the coming years. 

Competitive Landscape:

  • The global propeller fan market is highly fragmented, with local participants capturing more than 78% market share. Since propeller fans have a basic design and can be manufactured easily, the threat of new entrants is high. Some of the established manufacturers of propeller fans are Systemair, Soler & Palau, Greenheck, Flkt Group, Ventmeca, Ebm-Papst, Polypipe Ventilation, Nortek Air Solutions, Air Systems Components, Acme Fans, Nanfang Ventilator, Zhejiang Shangfeng, Hitachi, Vortice, and others

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