PUBLISHER: The Business Research Company | PRODUCT CODE: 1730791
PUBLISHER: The Business Research Company | PRODUCT CODE: 1730791
An axial fan is a mechanical fan that moves air parallel to the axis of rotation, using blades to generate airflow in the same direction as the axis. It is primarily used for ventilation, cooling, and air circulation in various industrial and commercial applications, including HVAC systems and electronics cooling.
The main types of axial fans include duct axial fans, vane axial fans, tube axial fans, and other variants. Duct axial fans are high-efficiency fans designed to move air through duct systems, providing ventilation, cooling, and air circulation in industrial and commercial settings. These fans are distributed through online and offline channels and are utilized in applications such as heating, ventilation, and air conditioning (HVAC), industrial processes, commercial spaces, and residential environments. Key end-user industries include automotive, food and beverage, chemical, oil and gas, power generation, and others.
The axial fan market research report is one of a series of new reports from The Business Research Company that provides axial fan market statistics, including the axial fan industry global market size, regional shares, competitors with the axial fan market share, detailed axial fan market segments, market trends, and opportunities, and any further data you may need to thrive in the axial fan industry. This axial fan market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The axial fan market size has grown strongly in recent years. It will grow from $4.39 billion in 2024 to $4.67 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth during the historic period was driven by factors such as industrialization and urbanization, the expansion of data centers requiring cooling solutions, increasing demand in power plants and manufacturing facilities, the rise in commercial and residential construction, and growth in the automotive and transportation industries.
The axial fan market size is expected to see strong growth in the next few years. It will grow to $5.87 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. In the forecast period, growth is expected to be fueled by rising demand for heating, ventilation, and air conditioning (HVAC) systems, increased industrial ventilation applications, the expansion of manufacturing and processing industries, government regulations on air quality and emissions, and continued growth in commercial and residential construction. Key trends anticipated include technological advancements in blade design and materials, the integration of IoT and smart monitoring in axial fans, stricter energy consumption and emissions regulations, increased adoption in aerospace and defense sectors, and innovations in variable speed drive (VSD) technology.
The growing demand for energy-efficient solutions is anticipated to drive the expansion of the axial fan market in the coming years. Energy-efficient solutions encompass products, services, or technologies designed to minimize energy consumption while maintaining the same level of performance. This increasing demand is largely due to heightened environmental awareness and the desire for cost savings. Both businesses and consumers are increasingly looking for products and services that help reduce energy use and lower operational expenses. Axial fans play a role in these energy-efficient solutions by delivering high airflow with low energy consumption, thus enhancing ventilation and cooling efficiency while minimizing excessive power usage. For example, a report by Energy UK, published in 2023, stated that the annual deployment of energy efficiency projects in the UK must increase from 150,000 installations to 500,000 by 2025, with the aim of reaching one million installations per year by 2030. Consequently, the growing demand for energy-efficient solutions is driving the growth of the axial fan market.
Key companies in the axial fan market are focusing on introducing innovative solutions such as preconfigured axial fans to improve efficiency, simplify installation, and optimize performance in various industrial and commercial settings. Preconfigured axial fans are factory-assembled units designed with set specifications and optimized components, ensuring easy installation, reliable performance, and enhanced efficiency across different applications. For example, in September 2024, Multi-Wing International A.S., a Denmark-based manufacturing company, unveiled a comprehensive range of high-performance axial fans aimed at commercial and industrial applications. Introduced at the Chillventa trade show in Nuremberg, Germany, this new product line features fans ranging from 800 mm to 1,800 mm, designed to meet industry standards with proprietary in-house components. With a modular design, these fans offer nearly 1,000 unique configurations in both AC and EC variants. Specifically optimized for HVAC/R applications, they are ideal for integration into heat exchangers, dry coolers, condensers, chillers, and open/closed circuit cooling towers.
In April 2024, Axial Fans Int. SRL, an Italy-based manufacturer of high-efficiency axial fans, partnered with Serdal Holding to revolutionize the cooling sector in the UAE. This collaboration is aimed at delivering advanced, energy-efficient solutions designed to address the unique climate challenges in the UAE, while improving performance, sustainability, and innovation in the region. Serdal Holding, a UAE-based conglomerate, focuses on fostering and developing a diverse range of businesses both locally and internationally.
Major players in the axial fan market are Panasonic Corporation, Mitsubishi Electric Corporation, Daikin Industries Ltd, Toshiba Corporation, Johnson Controls International plc, Nidec Corporation, Delta Electronics Inc, Regal Rexnord Corporation, Howden Group Ltd., Greenheck Fan Corporation, Systemair AB. Ltd, FlaktGroup Holding GmbH, Ziehl-Abegg SE, Sanyo Denki Co. Ltd, Oriental Motor Co. Ltd, Twin City Fan Companies Ltd., Zhejiang Yilida Ventilator Co. Ltd, Loren Cook Company Inc., Vortice Elettrosociali S.p.A., Maico Elektroapparate-Fabrik GmbH, ebm-papst Mulfingen GmbH & Co. KG., and Soler & Palau Ventilation Group.
North America was the largest region in the axial fan market in 2024. The regions covered in axial fan report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the axial fan market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The axial fan market consists of sales of computer cooling fans, compact axial fans, ventilation fans, and air handling units. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Axial Fan Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on axial fan market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for axial fan ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The axial fan market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.