U.S.: Market for Fans, Blowers And Air Purification Equipment (Industrial And Commercial) 2024

Market Size for Fans, Blowers And Air Purification Equipment (Industrial And Commercial) in the U.S.

In 2022, after two years of growth, there was decline in the U.S. market for fans, blowers and air purification equipment (industrial and commercial), when its value decreased by X% to $X. Overall, the total consumption indicated prominent growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2013 indices. Consumption of peaked at $X in 2021, and then dropped in the following year.

Production of Fans, Blowers And Air Purification Equipment (Industrial And Commercial) in the U.S.

In value terms, production of fans, blowers and air purification equipment (industrial and commercial) amounted to $X in 2022. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Fans, Blowers And Air Purification Equipment (Industrial And Commercial)

Exports from the U.S.

In 2022, overseas shipments of fans, blowers and air purification equipment (industrial and commercial) increased by X% to X units, rising for the sixth consecutive year after two years of decline. Overall, exports continue to indicate a strong increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of fans, blowers and air purification equipment (industrial and commercial) soared to $X in 2022. The total export value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X units) was the main destination for exports of fans, blowers and air purification equipment (industrial and commercial) from the United States, with a X% share of total exports. Moreover, exports of fans, blowers and air purification equipment (industrial and commercial) to Mexico exceeded the volume sent to the second major destination, Canada (X units), threefold. Singapore (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Singapore (X% per year).

In value terms, the largest markets for fan, blower and air purification equipment exported from the United States were Mexico ($X), Canada ($X) and Germany ($X), together comprising X% of total exports. The UK, China, Singapore, Australia, Japan, Saudi Arabia, Brazil, the Netherlands, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for fans, blowers and air purification equipment (industrial and commercial) amounted to $X per unit, approximately reflecting the previous year. Overall, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced a decline.

Imports of Fans, Blowers And Air Purification Equipment (Industrial And Commercial)

Imports into the U.S.

In 2022, supplies from abroad of fans, blowers and air purification equipment (industrial and commercial) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, imports of fans, blowers and air purification equipment (industrial and commercial) reached $X in 2022. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of fan, blower and air purification equipment to the United States, with a X% share of total imports. Moreover, imports of fans, blowers and air purification equipment (industrial and commercial) from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold. Germany (X units) ranked third in terms of total imports with an X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of fans, blowers and air purification equipment (industrial and commercial) to the United States, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2013 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for fans, blowers and air purification equipment (industrial and commercial) amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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