2012-11-23 10:33:29 - Industrial and Commercial Fans and Blowers - A US Market Report - a new market research report on companiesandmarkets.com
Despite witnessing temporary erosion in its growth in 2009, primarily due to depression in the US economy and slump in the non-residential construction activity, the US market for Industrial and Commercial Fans and Blowers, is expected to recover poise and gain steady momentum in the next few years to reach US$2.75 billion by 2015. Effervescent product innovations and renewed emphasis on pollution control technologies, is expected to drive sales in the marketplace in the post recession period. Growth opportunities from industrial process ventilation applications, focus on energy efficiency, and product versatility, are also expected to boost the market demand in the next few years.
Industrial and Commercial Fans and Blowers encompass a variety of products, such as ventilating fans, attic fans,
exhaust fans, and air purification equipment, which are designed to circulate the movement of air and gas in industrial ventilation applications and reduce environmental impact of several industrial manufacturing process. Almost all industries, such as chemical, agricultural, oil & gas, medical, food processing, automotive, construction and mining utilize fans and blowers for various purposes such as reducing heat levels, reducing odors and smoke, drying, controlling and processing gaseous fumes.
Fortunes of the Industrial and Commercial Fans and Blowers market in the United States are closely tied to the level of manufacturing activity, i.e. the rate of change of industrial production and rate of overall industrial capacity utilization. The market therefore suffered turbulent times in the last few years, as capacity utilization rates declined dramatically during 2008 and 2009. Growth in the industrial and commercial fans and blowers market has also been tempered by the recent economic recession and associated trends such as weak financial markets and decline in construction activity, especially in non-residential construction industries.
The economic crisis that muted growth in the industrial blowers and fans market in the US is however expected to recover with growth fundamentals such as, the escalating energy requirements demand due to population increases, limited availability of fossil fuels, rising stress on water supplies, and the urgent need to reduce carbon emissions, all forecast to swing back into action, driving growth in the post recession period.
The market is also expected to get a boost from the increasing growth opportunities from industrial process ventilation applications, as industrial electric fans and blowers continue to remain the most viable option for facilities with high static pressure, and for industrial areas, where air conditioning becomes an expensive proposition. Favorable regulations and programs to reduce emissions of greenhouse gases remain prominent demand drivers that will positively nudge growth in the coming years. The growing focus on environmental protection and subsequent clampdown on power industry translates into greater opportunities for industrial blowers and fans, given their role in controlling air pollution caused by harmful emissions from power plants. Also, economic stimulus provided by the government stands out as strong factor pinning down emerging growth patterns. Going forwards, demand for industrial grade fans and blowers is expected to grow, driven by rapidly increasing population, economic expansion, and rising energy requirements.
The report titled Industrial and Commercial Fans and Blowers: A US Market Report provides a comprehensive review of the Industrial and Commercial Fans and Blowers industry, commentaries on the impact of economic recession on the market, key market trends, export-import scenario, product overview, recent product introductions/innovations, strategic corporate initiatives and profiles of key market participants. The single segment report provides market estimates and projections for Industrial and Commercial Fans and Blowers in terms of annual dollar sales.
Key players in the marketplace include Acme Engineering & Manufacturing Corporation, Airmaster Fan Company Inc, Blower-Tech Solutions Inc, Chicago Blower Corporation, Continental Blower LLC, Crompton Greaves Limited, DongKun Industrial Co Ltd, Dresser Roots, FlÃ¤kt Woods, Gardner Denver Inc, Greenheck Fan Corp, Howden Group Ltd, Loren Cook Company, PennBarry, The New York Blower Company, The Spencer Turbine Company, Turblex Inc, Tuthill Corporation, and Wuhan General Group, among others.
Click for report details: www.companiesandmarkets.com/Market/Industrial/Market-Research/In ..
Browse all Industrial Market Research Reports www.companiesandmarkets.com/Market/Industrial/Market-Research?aC ..
Browse all Industrial Company Profile Reports www.companiesandmarkets.com/Market/Industrial/Company-Profile?aC ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.