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Cooling fan is one of the components that is present in the car cooling system or other electronic devices. It is basically a device that is used for cooling the environment of working machine. It helps to keep the temperature under control for their better performance of machine and electronic devices such as in laptop cooling fan is used to keep temperature in control. Cooling fans act as a most crucial part of heat management system, as they are effective and reliable. Moreover, cooling fans find its application in mining, consumer electronics, agriculture, construction, and others.

The global large cooling fan market is expected to witness significant growth during the forecast period (2020-2027). 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. For instance, in June 2019, Rosenberg Ventilatoren GmbH, a Europe-based company, which manufactures energy efficient motors, fans, and air handling units launched energy-saving DRAG EC centrifugal fan that is specially designed for high efficiency centrifugal air movement. 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. For instance, according to the Union Budget 2017-2018, US$ 58.6 million was allocated for infrastructure projects in India. 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 major factor that is expected to restrain growth of the global large cooling fan market include high initial and maintenance cost of the large cooling fans

Large Cooling Fan Market - Impact of Coronavirus (Covid-19) Pandemic

Covid-19 pandemic has resulted many industries to witness significant shift in their business, owing to disruption in the supply chain. Metal manufacturers experience difficulties such as sourcing the raw material and building of trucks and ships that transport goods to consumers. However, domestic and global supply chain have direct impact on demand for metal. The metal industries have cut discretionary and capital spending, in order to support manufacturing operations. For instance, according to the World Steel Association data, the U.S. produced 7.2 Mt of crude steel in March 2020, a decrease by 6.0% compared to March 2019. Furthermore, according to Coherent Market Insight analysis, Russia produced 5.9 Mt of crude steel in March 2020, down by 4.4% compared to March 2019. Thus, supply chain disruptions hinders demand for large cooling fans in the metal industry.

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Large Cooling Fan Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 4.2 Bn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.1% 2027 Value Projection: US$ 11.4 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Type: Axial, Centrifugal, and Others
  • By Applications: Agriculture, Mining, Marine, Consumer Electronics, Automotive, and Others
Companies covered:

ebm-papst., ZIEHL-ABEGG, Inc., Horton Holding, Inc., Multi-Wing America, Inc., AEROVENT, Rosenberg Ventilatoren GmbH, and Delta Electronics, Inc.

Growth Drivers:
  • The increasing demand for large cooling fans, owing to rising demand from construction and mining sectors
  • The increasing demand for large cooling fans from data centers
Restraints & Challenges:
  • High operational and maintenance cost
  • High power consumption

Asia Pacific is expected to hold dominant position in the global large cooling fan market during the forecast period

Statistics:

Asia Pacific held dominant position in the global large cooling fan market in 2019, accounting for 33.4% share, in terms of value, followed by North America, Europe.

Figure 1: Global Large Cooling Fan Market Share (%), By Region, 2019

Large Cooling Fans  | Coherent Market Insights

Asia Pacific held dominant position in the global large cooling fan market in 2019 and is estimated to retain its dominance throughout the forecast period. This is attributed to the presence of large number of mines and construction industries in the region. Moreover, underground mining is more hazardous as compared to surface mining due to outcome of many potential hazards such as adverse health effects and release of harmful gases that can lead to suffocation and many other serious problems. Therefore, cooling fans are needed to remove harmful and toxic gases from the mining sector. Moreover, Asia Pacific region is rich in bauxite, copper, iron, aluminum, and coal reserves, which boosts mining activities and this is expected to drive demand for large cooling fans. For instance, according to the Coherent Market Insights’ analysis, iron ore mining in China has increased to 112.5 million metric tons in 2019 from 71 million metric tons in 2018.

North America is expected to exhibit highest growth during the forecast period, owing to the adoption of advanced technologies such as IoT and cloud. The market players are increasingly focusing on innovating their products, in order to improve efficiency and production. Most of the manufacturers are deploying IoT in the cooling fans, which can be automatically controlled through cloud technology. Large cooling fans are connected through internet and adjust their speed according to the temperature of the room. For instance, in May 2020, Delta Electronics, Inc., a Taiwan-based electronics manufacturing company, launched two smart building solutions such as air-conditioning anomaly detection and Bluetooth smart lighting by using Microsoft Azure hybrid cloud computing technology services. The smart building solutions can automatically collect data and the data is sensed by IoT devices for analysis and aids maintenance staff for real time monitoring operations of air conditioning system.

Major players operating in the global large cooling fan market include ebm-papst., ZIEHL-ABEGG, Inc., Horton Holding, Inc., Multi-Wing America, Inc., AEROVENT, Rosenberg Ventilatoren GmbH, and Delta Electronics, Inc.

Increasing demand for large cooling fan in mining application is expected to drive the market growth during the forecast period

Among applications, the mining segment is expected to hold dominant position in the global large cooling fan market during the forecast period. This is owing to increasing demand for large cooling fan from mining industries in developed and emerging economies. The centrifugal fan find its application in mining industry for wide range of applications such as cooling, ventilation or exhaust gas system. The growing demand for cooling fans across the U.S. mining industry is expected to offer lucrative growth opportunities for the players in the market. For instance, according to the Coherent Market Insights’ analysis, the U.S. produced US$ 7,660 million worth raw mineral materials in 2016, which was US$ 6,551 million in 2015.

Figure 2: Global Large Cooling Fan Market Value (US$ Bn) Analysis and Forecast, 2017 - 2027

Large Cooling Fans  | Coherent Market Insights

The global large cooling fan market was valued at US$ 4.2 Bn in 2019 and is expected to reach US$ 11.4 Bn by 2027 exhibiting a CAGR of 7.1% between 2020 and 2027.

Cooling fans are used to remove excess amount of heat in automotive or electronic systems. Large cooling fan used in many industries such as IT, automobile, mining, and others. Moreover, increasing demand for IoT devices and increasing adoption of advanced driver assistance systems (ADAS) are the major factors that are expected to drive the market growth during the forecast period. For instance, in July 2019, ebm-papst, a Germany-based company, which is leader in the manufacturing of fan and electric motors entered into a partnership with Plug and Play Tech Center, a U.S.-based corporate innovation platform. Through this partnership, ebm-papst utilized Plug and Play Tech Center industry specific platform in the field of IoT. However, critical designing of cooling fans and high power consumption are some of the factors that are expected to restrain growth of the market.

Market Dynamics

The global large cooling fan market is expected to grow significantly during the forecast period, due to rising demand for cooling fans from various applications such as chemical, construction, manufacturing, food & beverages, and others. In chemical industries, cooling fans are used for air cleaning and for maintaining the environment clean and pure. Increasing demand for large cooling fan from chemical industries in the Asia Pacific region is expected to drive the market growth during the forecast period. For instance, India has some of the largest chemical and petrochemical company in the world such as Tata Chemicals Ltd. and Reliance Industries Limited. Similarly, according to Coherent Market Insight analysis, economies such as Japan and South Korea have plans to expand their manufacturing and power generation sector. Thus, this is expected to drive demand for large cooling fans during the forecast period.

Furthermore, major global players across different regions are focusing on developing new products with new features and technologies to gain competitive edge in the market. Industries are developing cooling fans with new features to cater to the demand from the end users. For instance, in January 2012, Delta Electronics, Inc. launched Air-to-Air Heat Exchanger, a cooling solution for outdoor cabinet applications. This solution is designed to provide complete protection from air contamination and dust humidity in outdoor environment.

Key features of the study:

  • This report provides in-depth analysis of global large cooling fan market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global webcams market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include ebm-papst., ZIEHL-ABEGG, Inc., Horton Holding, Inc., Multi-Wing America, Inc., AEROVENT, Rosenberg Ventilatoren GmbH, and Delta Electronics, Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global large cooling fan market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global large cooling fan market

Detailed Segmentation

  • Global Large Cooling Fan Market, By Type:
    • Axial
    • Centrifugal Fans
    • Others
  • Global Large Cooling Fan Market, By Application:
    • Agriculture
    • Mining
    • Marine
    • Consumer Electronics
    • Automotive
    • Others
  • Global Large Cooling Fan Market, By Region:
    • North America
      • By Type:
        • Axial
        • Centrifugal Fan
        • Others
      • By Application
        • Agriculture
        • Mining
        • Marine
        • Consumer Electronics
        • Automotive
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Type:
        • Axial
        • Centrifugal Fan
        • Others
      • By Application
        • Agriculture
        • Mining
        • Marine
        • Consumer Electronics
        • Automotive
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Type:
        • Axial
        • Centrifugal Fan
        • Others
      • By Application
        • Agriculture
        • Mining
        • Marine
        • Consumer Electronics
        • Automotive
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Type:
        • Axial
        • Centrifugal Fan
        • Others
      • By Application
        • Agriculture
        • Mining
        • Marine
        • Consumer Electronics
        • Automotive
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • By Type:
        • Axial
        • Centrifugal Fan
        • Others
      • By Application
        • Agriculture
        • Mining
        • Marine
        • Consumer Electronics
        • Automotive
        • Others
      • By Country:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • *ebm-papst
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • ZIEHL-ABEGG, Inc.
    • Horton Holding, Inc.
    • Multi-Wing America, Inc.
    • AEROVENT
    • Rosenberg Ventilatoren GmbH
    • Delta Electronics, Inc.

“*” marked represents similar pointers for each company.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
    • Impact of COVID-19
  4. Global Large Cooling Fan Market, By Type, 2020-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Segment Trends
    • Axial
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Centrifugal
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
  5. Global Large Cooling Fan Market, By Application, 2020-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Segment Trends
    • Agriculture
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Mining
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Marine
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Consumer Electronics
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Automotive
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
  6. Global Large Cooling Fan Market, By Region, 2020-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • U.K.
        • Germany
        • Spain
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Type, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country/Region, 2020 and 2027 (%)
        • South Africa
        • GCC Countries
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • ebm-papst
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ZIEHL-ABEGG, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Horton Holding, Inc.,
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Multi-Wing America, Inc.,
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • AEROVENT
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Rosenberg Ventilatoren GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Delta Electronics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Large Cooling Fan Market - Global forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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