중동의 팬 및 블로어 시장 : 점유율 분석, 산업 동향, 성장 예측(2025-2030년)

The Middle-East Fans and Blowers Market is expected to register a CAGR of greater than 2.5% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently, the market reached pre-pandemic levels.

Key Highlights

• Over the long term, the major driving factor of the market is the increasing demand for cooling systems (as fans and blowers are the integral parts of cooling systems) from data centers.
• On the flip side, renewable power plants require minimal infrastructure for fans and blowers. With many major countries in the region looking forward to shifting toward renewable energy sources, the share of renewable power plants in the power generation mix is expected to increase over the coming years, which, in turn, is expected to restrain the demand for fans and blowers during the forecast period.
• Nevertheless, with the increasing urbanization and growing population, buildings' average height and congestion have increased. Since this trend is expected to continue during the forecast period, the demand for ventilating equipment to make up for the unavailability of proper ventilation is expected to increase, providing an opportunity for the market's growth.
• The United Arab Emirates is likely to witness significant growth in the Middle East fans and blowers market during the forecast period.

Middle-East Fans & Blowers Market Trends

Oil and Gas Industry to Witness Significant Growth

• The Middle East region's oil and gas industry is anticipated to witness a significant increase in demand for fans and blowers in the coming years on account of robust growth in infrastructure. The industries in the oil and gas sector, such as exploration and production, are growing healthy in the Middle Eastern region, and the growth is likely to continue in the coming years.
• The fans and blowers in the region are imported majorly from countries, such as China, India, Italy, Germany, and the United States. The significant companies supplying fans and blowers in the region include Howden, Gardner Denver, and Jeddah Filters.
• The governments in the region, especially in Saudi Arabia and the United Arab Emirates planned to diversify the industrial sector to reduce the dependency of the economy on the upstream oil and gas sector, which is likely to result in the development of industrial projects, thereby leading to surge in demand for fans and blowers.
• In 2021, the state-owned firm in Saudi Arabia, Saudi Aramco, planned to invest more than USD 100 billion in the development of new refining and chemicals projects over the next decade, as the company envisages balancing its business between upstream and downstream operations. This is expected to result in massive augmentation in refinery and petrochemical infrastructure in Saudi Arabia, thus, bolstering the demand for fans and blowers.
• The oil and gas production in the Middle Eastern region has been growing considerably over the years. However, the OPEC agreements artificially produced oil and gas, which has decreased production. According to BP Statistical Review of World Energy 2022, the crude oil production n in the Middle Eastern region accounted for 28,156 thousand barrels per day in 2021, i.e. decrease of about 2% when compared to the previous year's value (27,609 thousand barrels per day).
• Therefore, based on the factors mentioned above factors, the oil and gas industry is expected to witness significant growth in the Middle East fans and blowers market during the forecast period.

United Arab Emirates to Witness Significant Growth

• The United Arab Emirates is estimated to hold the 7th largest proven oil and natural gas reserves globally and a significant producer of natural gas, ranking 10th in the world in overall production as of 2021.
• As of 2021, the United Arab Emirates was the sixth-largest crude oil producer and the fourth-largest petroleum liquids producer in the Organization of the Petroleum Exporting Countries (OPEC). The oil and gas sector is critical to the United Arab Emirates economy, contributing significantly to the country's revenue. According to OPEC Annual Statistical Bulletin 2022, the crude oil production in the country accounted for about 2,718 thousand barrels per day in 2021, i.e., a decrease of about 2.2% compared to the previous year's value (2,779 thousand barrels per day).
• With the growing demand for natural gas for power generation, the country, through its national oil company, ADNOC, developed a 2030 Integrated Strategy, which aims at providing a cost-effective method for increasing exports. With the company strategizing to increase the export, the demand for natural gas refining plants is expected to increase, thereby, likely propelling the market growth.
• Furthermore, ADNOC plans to invest in the downstream sector as part of the 2030 Integrated Strategy. It has embarked on an ongoing effort (USD 45 billion) to upgrade its downstream operations, leveraging its pre-existing assets and new downstream investments to strengthen its market share and enhance corporate sustainability.
• ADNOC plans to grow its joint venture with Borealis and the Abu Dhabi Polymers Company Ltd (Borouge). The joint venture of these three companies is expected to construct one of the world's largest mixed-feed crackers at Borouge's integrated polyolefins facility, which is projected to expand the production capacity from 4.5 million t/y in 2016 to an estimated 14.4 million t/y by 2025.
• The UAE mining industry is very much confined to the exploration of rocks and sand for manufacturing building rocks and cement for construction purposes. The mining sector in the United Arab Emirates has the potential to attract investors for its long list of minerals, ranging from copper mines and gypsum to the extraction of metals and valuable stones.However, these potential investments are expected to present an excellent opportunity for the fans and blowers market players during the forecast period.

Middle-East Fans & Blowers Industry Overview

The Middle East fans and blowers market is consolidated in nature. Some of the major players in the market (in no particular order) include Acme Engineering & Manufacturing Corp., Continental Blower LLC, Flakt Woods Group SA, Gardner Denver Inc., and Greenheck Fan Corp.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Scope of the Study
• 1.2 Market Definition
• 1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

• 4.1 Introduction
• 4.2 Market Size and Demand Forecast, in USD billion, till 2027
• 4.3 Recent Trends and Developments
• 4.4 Government Policies and Regulations
• 4.5 Market Dynamics
  • 4.5.1 Drivers
  • 4.5.2 Restraints
• 4.6 Supply Chain Analysis
• 4.7 Industry Attractiveness - Porter's Five Forces Analysis
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Consumers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes Products and Services
  • 4.7.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

• 5.1 Technology
  • 5.1.1 Centrifugal
  • 5.1.2 Axial
• 5.2 Deployment
  • 5.2.1 Industrial
    • 5.2.1.1 Power Generation
    • 5.2.1.2 Oil and Gas
    • 5.2.1.3 Construction
    • 5.2.1.4 Other Industries
  • 5.2.2 Commercial
• 5.3 Geography
  • 5.3.1 United Arab Emirates
  • 5.3.2 Saudi Arabia
  • 5.3.3 Qatar
  • 5.3.4 Rest of Middle-East

6 COMPETITIVE LANDSCAPE

• 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
• 6.2 Strategies Adopted by Leading Players
• 6.3 Company Profiles
  • 6.3.1 Acme Engineering & Manufacturing Corp.
  • 6.3.2 Continental Blower LLC
  • 6.3.3 Flakt Woods Group SA
  • 6.3.4 Gardner Denver Inc.
  • 6.3.5 Greenheck Fan Corp.
  • 6.3.6 Howden Group Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS