LARGE COOLING FAN MARKET ANALYSIS

Large Cooling Fan MarketSize and Trends

The global large cooling fan market is expected to witness significant growth during the forecast period (2022-2030). The growth of the large cooling fan market is majorly attributed to increasing urbanization and infrastructural development in the emerging economies such as India and China that have led to an increase in total spending on various sectors such as power, water, and transport. This is expected to drive demand for large cooling fan across cement and steel plants. The large cooling fans are widely used across the cement plants for removing gases and recirculating air. In addition, increasing demand for cement in Asia Pacific from building & construction industry has driven demand for large cooling fans. Moreover, the government in the Asia Pacific region has invested in the construction industry, in order to boost the economy. This increased demand for cement in the market, which is expected to drive growth of the large cooling fan market over the forecast period.

The Global Large Cooling Fan Market is estimated to account for US$ 14,120 Mn in terms of value by the end of 2030.

Statistics:

Asia Pacific held dominant position in the global large cooling fan market in 2021, accounting for 30.6% share, in terms of value, followed by North America, Europe.

Figure 1. Global Large Cooling Fan Market, Revenue Share (%), By Region, 2021

Figure 2: Global Large Cooling Fan Market (US$ Mn) Analysis and Forecast, 2022 - 2030

Global Large Cooling Fan Market was valued at US$ 6,140 Mn in 2021 and is expected to reach US$ 14,120 Mn by 2030, growing at a CAGR of 7.4 % between 2022 and 2030.