Global Draught Fan Market: Industry Analysis and Forecast (2021-2027)

 Global Draught Fan Market size was valued at US$ 2200 Mn. in 2019 and expected to reach US$ 3170 Mn. by 2027 at a CAGR of 5.4% during the forecast period.

The Global Draught Fan market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Draught Fan report also provides trends by market segments, technology, and investment with a competitive landscape.

To know about the Research Methodology :- Request Free Sample Report

2019 is considered as the base year for the analysis of the market and 2021-2027 is considered as forecasting year for the market as 2020 is adversely influenced by COVID pandemic and many markets have hit the downfall during the year. Moreover, the bottom-up approach is considered during the evaluation of the market as micro-level studies are done from scratch to coherently summarize the market dynamics and statistics.

The report has covered the market trends from 2015 to forecast the market through 2026. 2019 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Global Draught Fan Market Overview:

Draught Fan are generally incorporated in thermal power plants by providing external support to the system operation and power generation. Moreover, flue gas exhausting, combustion process integration, and others are some of the applications of draught fans used in industries. Moreover, the increasing need for efficient combustion in various industry verticals including coal mines, thermal power plants, chemical industries, and others is the key factor considered to drive the market growth. Availability of various sizes and configurations of draught fans including induced draught and forced draught fans in the market and improvisation of draught applications in FBCs are the factors considered to improvise the market growth. The global draught fan market is expected to register a CAGR of approximately 5.4% during the forecast period.
Global Draught Fan Market Dynamics:

The rising need to reduce the pollutant density in the combustion chamber to increase the smooth flow of operation and increasing energy consumption by emerging economies across the globe are the factors considered to drive the demand for draught fans. In addition, increasing no. of coal plants across the globe owing to bolstering demand for thermal plants is the key factor considered to drive the growth of the market. Moreover, many industrial and commercial end-users implement the draught fans owing to the efficiency of combustion provided by draught fans. Recently, Coal India has implemented 30+ draught fans in various plants across India owing to system efficiency integration and low cost.

Supplying the pulverized coal and air into the system for sufficient combustion is the key factor considered to drive the growth of the market. Recently, AIRAP has designed new centrifugal draught fans in 2019 for Coal incorporated industries in Europe and North America. Moreover, the creation of gradient and thermal pressure in boilers is the key advantage of the draught fans.

Reduction of smoke in chambers is the key factor attributing to the growth in the demand for the market owing to increasing standards of worker’s safety and industrial standards. Forced draught fans are popular in thermal power plants and various commercial applications across the globe and hence, are considered to dominate the market during the forecast period.

Market restraints and challenges are given in the report comprehensively as the 2020 year data is also considered while giving the dynamics. Moreover, historical period data from the year 2016-2019 is also considered while giving insights to the market.

Paper manufacturing, pharmaceuticals and textiles manufacturing are key sector expected to drive the market growth during the forecast period. Moreover, exponential industrialization across the APAC, MEA, and Europe is the key factor considered to create opportunities for prominent players in the market.
Global Draught Fan Market Segment Analysis:

Forced Draught Fans Segment is dominating the Draught Fan Market:

According to the World Resources Institute, forced draught fans are the dominating segment in the market owing to the structural advantage of FD fans and the maximum fuel efficiency achieved by forced draught fans. Moreover, the fans are situated at the boiler inlet to maintain the proper mixing of air and fuel in the system. In addition, FD fans are used as primary fans in coal-fueled power plants for proper combustion regulation. According to Insight's survey of WRI, 2020, FD fans accounted for approximately 38% market share in terms of unit consumption across the globe. FD fans are easy to maintain than ID fans.
Centrifugal Fans segment is considered to supplement the growth of Draught Fan Market:

Higher energy efficiency generated by centrifugal fans and enhanced durability of fans is the key factor attributing to the growth of the segment in the market. Moreover, centrifugal fans are embedded according to non-overload curves which sustain the higher level of efficiency for longer periods of time. In addition, the ability of centrifugal fans to be operated in a corrosive environment is the key advantage of the CF in the end-use applications.

Owing to the above factors, many prominent players in the market is now inclining towards manufacturing of centrifugal fans as they are proved to be easy to maintain and available in numerous sizes and shapes across the globe. Moreover, the aerodynamic properties of centrifugal fans give them an extra edge in the market.
Flue Gas Recirculation Fans: New Trend in the Global Draught Fan market:

FGR fans are typically used in power plant boilers and chimney outlets to reduce the flue gas emission from the industries. The flue gas recirculation method reduces the NOx emissions from the industry and prevents the system from burning. NOx is considered as the most harmful gas and the largest contributor to greenhouse gases. Recirculating fans circulated the harmful emissions directly to the combustion chamber again and the gas is used again as the reaction agent in boilers. Generally, backward curved CFs are used as recirculation fans.

The popularity of centrifugal fans across various industry verticals is the key factor considered to drive the growth of the market during the forecast period. Moreover, stringent regulations towards environment safety is the factor attributing to the growth in the trend of recirculation fans.

Global Draught Fan Market Regional Insights:

North America dominates the Draught Fan market. Factors attributing growth of the product in the market are increasing automation across various industry verticals. Increasing demand from industry verticals in the USA and Canada regions for FBCs is the key factor considered to drive the growth of the product demand in the market. Prominent no. of developing players in the region for the Draught Fan manufacturing including AIRAP, AIRTECNICS and others are considered to supplement the growth of the market in the region. Stringent environment regulations imposed by US EPA in the region is the key factor considered to drive the growth of the demand for the product. Moreover, US is considered as second largest electricity producer in the world which is a key growth factor in the market.

Asia Pacific is considered as the fastest growing region in the Draught Fan Market owing to increasing demand for recirculating fans and centrifugal fans manufacturing across China and India. Moreover, increasing venture of key players in environment protection in the domestic market is the key feature considered to feature growth in the region. India holds the prominent share in the market owing to higher rate of electricity production through thermal power plants in the region and increasing government investments in development of infrastructure for the market.

Europe is considered as the second dominating region across the market. Factors attributing to the growth of the region in the market are increasing penetration of environment friendly norms and improvements in axial fans structure and manufacturing across the region.

The objective of the report is to present a comprehensive analysis of the Global Draught Fan Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Draught Fan Market dynamics, structure by analyzing the market segments and project the Global Draught Fan Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Draught Fan Market make the report investor’s guide.

For more information of visit:https://www.maximizemarketresearch.com/market-report/global-draught-fan-market/113634/
Global Draught Fan Market Scope: Inquire before buying

Global Draught Fan Market, by Region

• North America
o US
o Canada
o Mexico
• Europe
o U.K
o France
o Germany
o Italy
o Spain
o Sweden
o CIS Countries
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o ASEAN
o Rest of Asia Pacific
• Middle East and Africa
o South Africa
o GCC Countries
o Egypt
o Nigeria
o Rest of ME&A
• South America
o Brazil
o Argentina
o Rest of South America
Global Draught Fan Market Key Players

• FOSHAN NANAHAI JIAKE fan Manufacturers Co. Ltd.
• AIRAP
• Reitz India
• AIRTECNICS
• Sjerp and Jongeneel B.V.
• Multivent Engineers
• CBDOCTOR ventilators Pvt. Ltd.
• ECOTRENTINO Srl
• AIRMAKE cooling Systems
• Stiavelli Irio Srl
• Vebair Srl
• Prism tech Engineering Services
• Greenheck
• Systemair
• Ebm-Papst
• Riyue Heavy Industries
FAQs:

1. What is the global draught fan market share in 2020?

Ans: Approximately, 1600 Million USD.

2. What are the applications of draught fan market?

Ans: Cooling towers, ship ventilation, filling machines, mines, building ventilation, dirt and others are the key applications of draught fan market.

3. Which draught fan type is expected to dominate the market during the forecast period?

Ans: According to World resources Institute, forced draught fans is the dominating segment in the market owing to structural advantage of FD fans and maximum fuel efficiency achieved by forced draught fans.

4. Which region is expected to dominate the draught fans market during the forecast period?

Ans: North America is expected to dominate as the emerging region in the draught fans Market owing to increasing demand from industry verticals in the USA and Canada regions for FBCs.

5. What is the key driving factor for the growth of the draught fans market?

Ans: Rising need to reduce the pollutant density in combustion chamber to increase the smooth flow of operation and increasing energy consumption by emerging economies across the globe are the factors considered to drive the demand for the draught fans.

Maximize Market Research offers customization of reports according to the specific requirement of our clients.
This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.