The global Fan Shroud market is projected to grow at a CAGR of close to 5.2% over the forecast period 2019-2028. The study presents a detailed market overview of the key players in each region and their share in terms of revenue generated. It also offers information about major strategies and developments adopted by them for growth prospects in the future.
A fan shroud is a covering that protects the blades of an electric or gas-powered fan. Usually, it covers the front and sides of the blade to reduce air resistance and noise from wind turbulence caused by moving air around them. Most often made out of metal, plastic, or fiberglass, they can also be found as component parts in fans used for other purposes such as on marine engines (eg., diesel) or industrial blowers. In a typical setup, grill baffles are installed on top of the shroud with ductwork passing through them into the furnace room where either cooled or heated air can be drawn off from its end depending on what type of heater is used.
On the basis of type, the global fan shroud market is segmented into metal and plastic.
The metal fan shrouds are made of copper, cast iron, and die-cast aluminum. They come in different shapes such as a cylinder or rectangular-shaped bodies with a circular blade cut out at one end for the air to pass through. While copper and aluminum fan blades have a low weight per unit area and provide excellent heat conduction in addition to being rustproof they tend to corrode easily when exposed to water vapor which limits their use in humid environments. Cast iron has good strength but it expands more than other metal alloys due to the high thermal expansion coefficient which leads to large stresses under load conditions. It also reacts readily with oxygen making it suitable for short-term usage only as corrosion becomes visible within few months of usage leading most manufacturers not to produce cast iron fan blades.
A plastic fan shroud is a molded part that covers the motor and other internal components of an electric or gas-powered appliance, such as a refrigerator. It helps protect those parts from dirt, dust and other materials in the atmosphere. In some cases, it also provides shielding for people working on the unit who might otherwise be exposed to high voltages inside the device's metal housing.
The plastic fan shroud is typically made of a durable, high-impact material that can resist impacts and scratches. It also provides insulation against heat generated by the appliance's motor or other components. The thickness of the material, as well as its shape, determines how effective it will be at these tasks. Some models are designed to cover more than one component in an appliance while others only protect certain parts such as the condenser coils on air conditioners or compressors on refrigerators and freezers.
On the basis of applications, the global fan shroud market is segmented into industrial, automotive, construction, others.
Industrial cooling fans can be found in industries like paper mills and cement plants where they use electric motors that rotate the blades mounted on top of them around at high speed creating a flow of air over its surface up to 200 feet away from it. This removes heat by dissipating it into the atmosphere which lowers power consumption costs because less energy is required for heating purposes. These types of fans also provide a more uniform temperature distribution among workers but have drawbacks too since their effectiveness depends very much on weather conditions like winds, humidity, and ambient temperature.
Automotive cooling fans are installed in cars to cool off the engine by pumping air through it for better performance. They can either be mounted on a vehicle’s radiator or underneath its hood. In some cases, they may also need a shroud that encloses them as well so that dirt and insects don’t get into their workings leading to premature wear out of components like belts, hoses etcetera resulting in high maintenance costs while lowering fuel efficiency too because more energy is required for heating purposes than with other types of fan installations where only blades are exposed outside the car's body panels such as under-seat electric motors which use an enclosed loop system circulating cold water from the radiator around those motors eliminating the need for a shroud.
An application in the construction sector is where a fan shroud may be mounted on a crane to protect it from dirt, dust, and other external elements. It also prevents potentially hazardous materials (such as asbestos) from becoming airborne when doing demolition work near or around buildings.
On the basis of region, the global fan shroud market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is estimated to have the largest share and dominate the overall demand for this product during the forecast timeframe owing to its high adoption rate in the industrial and automotive sectors.
Latin America and Europe are expected to have a moderate demand during the forecast period due to low adoption in the automotive sector.
The Asia Pacific is projected to witness a high growth rate, primarily driven by increased industrialization and manufacturing activities in this region. Factors such as increasing population density, rapid urbanization, and growing disposable income of individuals will also drive market demand.
The Middle East & Africa is projected to witness a low growth rate, primarily driven by the lack of industrialization and manufacturing activities in this region.
The growth factors of the global fan shroud market include technological developments in this industry, advancements in design, and material technologies. With an increasing demand for sustainable products, manufacturers are focusing on developing more environmentally friendly components to sustain consumer demands. Moreover, with rising awareness about air pollution and its harmful effects on health; consumers have become choosy about what they buy and how they buy. This has led to a shift in the demand for products that can help achieve air quality standards.
Up Market Research published a new report titled “Fan Shroud Market research report which is segmented by Types (Metal, Plastic), By Applications (Industrial, Automotive, Construction, Others), By Players/Companies ACDelco, EMDET Group, OMIX-ADA,Inc., FCA US LLC, Moshimoto, APA Industries, Jegs, Flex-a-lite, Wysco, Hedman, Huatai, Dongguan Hairui”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Fan Shroud Market Research Report|
|By Type||Metal, Plastic|
|By Application||Industrial, Automotive, Construction, Others|
|By Companies||ACDelco, EMDET Group, OMIX-ADA,Inc., FCA US LLC, Moshimoto, APA Industries, Jegs, Flex-a-lite, Wysco, Hedman, Huatai, Dongguan Hairui|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||235|
|Number of Tables & Figures||165|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Metal, Plastic and By Application Industrial, Automotive, Construction, Others.
Some of the companies that are profiled in this report are:
Fan Shroud Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Fan Shroud Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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