Axial Fans Market

Axial Fans Market Overview

The global Axial Fans Market size was valued at USD 2.88 billion in 2024 and is predicted to reach USD 3.85 billion by 2030 with a CAGR of 4.9% from 2025-2030.

The axial fans market refers to the global industry that focus includes fans that are used to move air or gas to fan’s axis. It consists of blades mounted on a central hub that rotates to push air in the direction of the axis. These fans help in offering efficient cooling and ventilation along with enhanced durability feature.

The compact design of these fans allows them to be easily integrated into tight spaces where traditional cooling solutions are not able to fit. They help in supporting diverse sectors including residential, industrial, and spaces that require reliable and effective air movement and efficient cooling solutions.

Market Dynamics and Trends

The rapid industrialization is driving the demand for efficient ventilation and cooling systems in various industrial facilities that in turn is boosting the market growth. For instance, in March 2022, Delta Electronics launched E-series GFB/PFB high performance axial fan designed to offer enhanced performance and energy efficiency for various applications such as telecommunications, networking, industrial automation cooling, and medical equipment. Axial fans aid in efficiently circulating air to regulate temperatures, dissipate heat, and maintain optimal working conditions for machinery and personnels, thereby accelerating its demand.

Additionally, the rising adoption of electric vehicles is increasing the demand for axial fans due to their critical role in managing the thermal environment of EV components. The electric motors present in electric vehicles generate heat during operation that necessities the adoption of these fans to regulate the temperature, prevent overheating and ensure optimal performance of the engine.

The latest report of the World Economic Forum states that global sales of electric cars increased by around 60% that accounts for around 10 million electric vehicles in 2022. These fans aid in efficient thermal management solutions to support the performance, reliability, and safety of electric vehicles that in turn propels its market growth.

Moreover, the increasing growth of oil and gas industry increases the axial fans market demand for efficient air flow management system to ensure safety and enhance the performance of the equipment. The latest report of the International Energy Agency report reveals that the global oil demand is expected to reach 105.7 million barrels per day by 2028. Axial fans help to dissipate heat from equipment such as compressors, heat exchangers, and furnaces in oil and gas cooling solutions sector for preventing overheating and maintaining optimal operating temperatures, thereby accelerating its market growth.

However, the presence of alternative and advanced HVAC system such as centrifugal fans restrain the widespread adoption of axial fan. Centrifugal fans are better suited for high pressure and high resistance environment that makes it reliable for commercial and industrial application, thereby hindering the overall axial fans market growth.

On the other hand, the incorporation of variable speed technology in axial fans is expected to create ample opportunities for market growth in the forthcoming years by allowing precise control of fan speed to match cooling needs, thus optimizing energy consumption and reducing operational costs.

Market Segmentation and Scope of the Study

The axial fans market report is segmented on the basis of type, material, diameter size, pitch type, end users, and region. On the basis of type, the market is divided into tube, vane, propeller, high temperature, others. On the basis of material, the market is divided into metal and plastic. On the basis of diameter size, the market is divided into 130-250 MM, 250-910 MM, 910-1500 MM, and Above 150 MM.

On the basis of pitch type, the market is divided into variable, medium, low, and fixed. On the basis of power, the market is divided into AC and DC. On the basis of end users, the market is divided into commercial, residential, and industrial. Industrial is further divided into automotive, aerospace, oil & gas, construction, food processing, others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia-Pacific holds the dominant in the axial fans market share and is projected to maintain its dominance throughout the forecast period. This is due to the presence of large automotive sector in countries such as China and India that increases the need for efficient cooling solutions to ensure optimal performance of vehicle.

The latest report published by the International Energy Agency (IEA) states that electric vehicle sales in China increased by 60% that is around 4.4 million units in 2022. This surge in electric vehicle production is boosting the demand for these fans as they help to circulate air over the battery cells in electric vehicle to dissipate heat, preventing overheating and ensuring the batteries remain within their optimal temperature range.

Additionally, the rising growth of the food and beverage industry in the region further propels the demand for efficient air circulating and ventilation system to ensure product quality and safety. The report of the National Restaurant Association of India report in 2022 states that Indian food and beverage (F&B) industry is expected to reach around USD 79.65 billion by 2028 at a CAGR of 11.19%. Axial fans are essential for drying, cooling and odor control, offering optimal environment for food and beverage processing that in turn is accelerating its demand in the region.

On the other hand, North America is expected to show a steady rise in the axial fans market due to the significant growth of the chemical industry. The latest report of the Cybersecurity and Infrastructure Security Agency states that the chemical industry in the U.S. generated around USD 486 billion and contributed around 25% to the national GDP in 2022. These fans are part of essential ventilation systems in chemical sector for providing the necessary airflow to exhaust contaminants and maintain proper air circulation within the facility, thereby boosting its adoption in the region.

Furthermore, the rising mining operations in the region involves heavy machinery and equipment that generate significant amount of heat during mining operation, thus accelerating its market growth. As per the Government of Canada report in 2023 states that Canadian mineral production is growing at an accelerating rate that generate around USD 41.88 billion in 2022 that is 20% higher than the 2020 value of USD 35.02 billion.

Axial fans are used in cooling equipment such as engines, motors, and electrical systems, preventing overheating and ensuring continuous operation in harsh environmental conditions. The surge in the growth of the mining industry is propelling the market growth for maintaining ventilation, cooling, and operational efficiency in mining operations. 

Competitive Landscape

The axial fans industry comprises of various key players such as Omron Corporation, Thermaco Inc., Mainstream Corporation, Sofasco, Pelonis Technologies, Delta Fan, Fulltech Electric, Halifax Fan, Nidec Corporation, Cleantek, Enviro Tech Industrial Products, Kruger Ventilation, Systemair AB, Rosenberg Ventilatoren GmbH, Woods Air Movement, and others. These companies are adopting various strategies including product launches to stay competitive and maintain their industry positions.

For instance, in September, 2023, Mainstream Corporation introduced the Intellicube axial fans that includes advanced control technology for efficient airflow management, enhancing performance and saving energy in various industrial applications. This product launch introduced smart functionality to the market, optimizing airflow and energy consumption.

Furthermore, in July 2022, Nidec Corporation introduced ZerAx range of axial fans for enhancing energy efficiency and performance. This product launch highlights about the commitment of the company to provide sustainable and high-performing solutions for the industry and caters to the growing demand for energy-efficient ventilation systems.

Key Benefits

• The report provides quantitative analysis and estimations of the axial fans market from 2025 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the current and future axial fans market trends to depict prevalent investment pockets in the industry.

• Information related to key drivers, restraints, and opportunities and their impact on the axial fans market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Axial Fans Market Key Segments

By Type

• Tube

• Vane

• Propeller

• High Temperature

• Others

By Material

• Metal

• Plastic

By Diameter Size

• 130-250 MM

• 250-910 MM

• 910-1500 MM

• Above 150 MM

By Pitch Type

• Variable

• Medium

• Low 

• Fixed

By Power

• AC

• DC

By End Users

• Commercial

• Residential

• Industrial  

  • Automotive

  • Aerospace

  • Oil & Gas

  • Construction

  • Food Processing

  • Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Omron Corporation

• Thermaco Inc.

• Mainstream Corporation 

• Sofasco

• Pelonis Technologies

• Delta Fan

• Fulltech Electric

• Halifax Fan

• Nidec Corporation

• Cleantek

• Enviro Tech Industrial Products

• Kruger Ventilation

• Systemair AB

• Rosenberg Ventilatoren GmbH

• Woods Air Movement

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD 2.88 billion
Revenue Forecast in 2030	USD 3.85 billion
Growth Rate	CAGR of 4.9% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	Rapid industrialization is boosting the market growth. Rising demand for electric vehicle drives the growth of the market. Accelerating growth of the oil and gas industry is driving the market.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.