Fans and blowers market seen topping $10 billion by 2030

A new market report from The Business Research Company projects steady growth in the global fans and blowers industry through 2030, with centrifugal units leading the segment mix and Asia-Pacific emerging as the largest regional market. The report points to HVAC demand, industrial cooling and automation as the main drivers behind the expansion.

Why it matters: - The fans and blowers market is on track to become a bigger supplier to HVAC, industrial cooling and automation systems worldwide. - The report projects the market will top $10 billion by 2030, making it a meaningful part of the broader machinery sector. - Centrifugal units alone are expected to account for more than half of market value, which signals where demand and engineering investment are concentrating.

What happened: - The Business Research Company released its Fans and Blowers Global Market Report 2026 – Market Size, Trends, and Forecast 2026-2035. - The report says the global fans and blowers market will grow at a 6% CAGR through 2030. - Centrifugal fans and blowers are projected to hold 51% of the market by 2030, worth $5 billion. - Asia-Pacific is forecast to be the largest regional market by 2030 at $4 billion. - The USA is expected to be the largest national market by 2030 at $2 billion.

The details: - The report estimates the broader machinery industry will reach $5,280 billion by 2030. - Fans and blowers would represent almost 0.2% of that total. - The market is segmented into centrifugal, axial and other fan types. - Distribution channels are split between online and offline sales. - Applications span industrial, commercial and other end uses. - HVAC demand is a major growth driver as more heating, ventilation and air conditioning systems are installed in residential, commercial and industrial buildings. - Urbanization, smart building construction and stronger indoor air quality standards are adding to HVAC demand. - Industrial cooling needs are rising in power generation, chemicals, cement and automotive operations. - Automation is increasing the use of smart controls for real-time monitoring, pressure adjustment and energy optimization. - The report assigns roughly 2.7% annual growth to HVAC demand, 2.6% to industrial cooling and 2.5% to automation. - Asia-Pacific growth is tied to industrial expansion, infrastructure spending, HVAC installations and adoption of automation and cooling technologies in China, India, Japan, South Korea and Southeast Asia. - U.S. demand is being driven by industrial ventilation, data centers, semiconductor facilities, oil and gas refining, aerospace cooling and building ventilation upgrades.

Between the lines: - The market is moderately fragmented, but a small group of companies still controls a meaningful share of revenue. - The top 10 players accounted for 18% of total revenue in 2024. - Greenheck Fan Corporation led the market in 2024 with an 8% share. - ebm-papst Group held 3%, Twin City Fan Companies Ltd. held 2%, and several other major brands each held about 1%. - The competitive edge is shifting toward energy-efficient products, smart monitoring, EC motors, variable-speed systems and low-noise designs. - Strong regulation, safety requirements and complex engineering needs keep entry barriers high. - That mix favors incumbents with broad product lines, established distribution and global industrial relationships. - The report also highlights growing adoption of high-efficiency centrifugal blower technology as customers look to cut power use and maintenance costs. - In October 2024, Atlas Copco introduced the ZS 4 VSD+ oil-free rotary screw blower for wastewater treatment and industrial air applications.

What's next: - The report expects centrifugal fans and blowers to add $1 billion in value from 2025 to 2030. - Axial fans and blowers are also projected to add $1 billion, while other types add $0.3 billion. - Market growth should continue to benefit from infrastructure projects, heavy manufacturing, data center buildouts and industrial modernization. - Companies are expected to lean further into product development, regional expansion and partnerships to defend or grow share. - The report says collaboration and innovation will be key to maintaining momentum in a market where efficiency and reliability matter most.

The bottom line: - Fans and blowers are moving from a support category to a strategic industrial utility, with centrifugal systems set to lead the next phase of growth.