Market Trends of South America Fans and Blowers Industry
This section covers the major market trends shaping the South America Fans & Blowers Market according to our research experts:
Industrial Segment Expected to Dominate the Market
- Fans and blowers are being used in various industries such as chemical, petrochemicals, and the information technology industry for maintaining indoor air quality and a dust-free environment to work for the people.
- Fans and blowers are primarily used in the power industry for cooling and exhaustion purposes, aeration in the power plant, air pollution control, to maintain the stable flow of the air during the power generation process and heat recovery process, and to maintain required temperature and pressure.
- In 2019, the coal consumption in South America was about 1.48 Exajoules, which was higher than what the region consumed in 2018, 1.45 Exajoules. The increase in coal consumption in the region exhibits an increase in coal as fuel-based energy, which is likely to use several fans and blowers in the power plants to maintain air quality and is expected to drive the fans and blowers market in the region.
- Fans & blowers are typically used for drying, dust control, fume control, and exhaust and material conveying in the cement industry. The simplest of the fans & blowers are used as dryers to reduce the moisture level in cement.
- Hence, owing to the above points, the industrial segment is likely to dominate the South America fans and blowers market during the forecast period.
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Brazil Expected to Dominate the Market
- Brazil, due to the constant increase in energy demand and an increasing number of commercial and industrial operations, the country is likely to be the fastest-growing market for the fans and blowers in South America. Moreover, the growth in the share of natural gas in power generation in the country is likely to drive the fans and blowers.
- Mine fans and tunnel ventilation fans are expected to be the dominating sectors. The demand for these categories of fans is expected to receive a significant boost during the forecast period, from Brazil. Moreover, the increasing electricity generation from coal-fired power plants in the country is expected to drive the fans and blowers market.
- In 2019, Brazil's primary energy consumption was 12.4 Exajoules, which was about 43.34% of South America's total primary energy consumed. Brazil's considerable share of energy demand is likely to create dominance over the fans and blowers market in the region.
- The ease of doing business in Brazil also provides global players an opportunity to invest in the market. The increase in the manufacturing activities is expected to provide an impetus for the growth of the fans and blowers market in the studied period.
- Hence, owing to the above points, Brazil is expected to dominate the South America fans and blowers market during the forecast period.
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