U.S. markets close in 4 hours 44 minutes

  • S&P 500

    4,444.96
    -23.04 (-0.52%)
     

  • Dow 30

    35,388.51
    -126.87 (-0.36%)
     

  • Nasdaq

    14,655.76
    -167.13 (-1.13%)
     

  • Russell 2000

    2,205.30
    -17.81 (-0.80%)
     

  • Crude Oil

    66.91
    -1.53 (-2.24%)
     

  • Gold

    1,789.00
    +10.80 (+0.61%)
     

  • Silver

    23.75
    -0.03 (-0.12%)
     

  • EUR/USD

    1.1784
    -0.0008 (-0.07%)
     

  • 10-Yr Bond

    1.2400
    -0.0570 (-4.39%)
     

  • GBP/USD

    1.3851
    -0.0023 (-0.17%)
     

  • USD/JPY

    109.1620
    -0.4080 (-0.37%)
     

  • BTC-USD

    46,149.91
    +100.32 (+0.22%)
     

  • CMC Crypto 200

    1,170.42
    -27.16 (-2.27%)
     

  • FTSE 100

    7,138.21
    -80.50 (-1.12%)
     

  • Nikkei 225

    27,523.19
    -453.96 (-1.62%)
     

South America Axial Fans Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Speed, Size, Application, Type, and End User

ReportLinker
·5 min read

The axial fans market in SAM is expected to grow from US$ 339. 21 million in 2021 to US$ 426. 13 million by 2028; it is estimated to grow at a CAGR of 3. 0% from 2021 to 2028. Escalating demand for axial fans in vending machine is also bolstering the growth of the industry.

New York, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "South America Axial Fans Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Speed, Size, Application, Type, and End User" - https://www.reportlinker.com/p06103299/?utm_source=GNW
Introduction of low power consumption axial fans. Key players in the axial fans market are focusing on developing new products and introducing innovative technologies. Manufacturers are focusing on diversification and expansion of applications of axial fans by investing heavily in R&D activities. The high-power consumption of axial fans leads to high costs. Therefore, manufacturers are introducing new low power consuming products in the market owing to which high demand for low power consumption axial fans has been observed over the past few years. For instance, in May 2018, Mechatronics announced a new and expanded line of low power consumption axial fans, adding new sizes, new speed control and alarm output options, and additional levels of environmental protection. Low power axial fans are ideal for applications where only power input is available. Mechatronics’ low power fans are electronically commutated, providing the efficiency of a DC fan with the simplicity of connecting to power supply. Available with voltage input of 100VAC to 240VAC, a single model can be used in products for both 115VAC and 230VAC applications. Applications of low power fan include servers, networking equipment, power supplies, medical & dental equipment, battery charging systems, material processing equipment, food service equipment, and lighting. Low power axial fans of Mechatronics provide solutions where low total cost, design flexibility, quick turn-around, and excellent customer service are required. Furthermore, these products reduce power consumption as much as 70% lower than that of standard axial fan models. Similarly, ebmpast is another company offering axials fans with advanced technologies, which is further driving the demand.

Brazil, followed by Argentina, Chile, and Peru hold significant position in the production of petroleum products.However, the governments in South American countries have taken an array of actions to protect their citizens and contain the spread of COVID-19.

The pandemic has hampered the manufacturing businesses and lowered the procurement of advanced fans and impellers.This factor has negatively impacted the axial fans market.

However, the business has now resumed in South American countries, which is projected to gradually bolster the demand for axial fans in mines and industrial sector in the coming months.

The AC segment led the axial fans market based on type in 2020.The AC fans, also known as alternating current fans, are powered with a changing voltage of positive and of equal negative value.

In general, this changing voltage has a sinusoidal shape.AC fan operates from the rotation of the magnetic field from the electric current through the rotor and the AC voltage input.

However, Revolutions Per Minute (RPM) of AC fans is limited by the electricity frequency and can go only up to 3,600RPM. Globally, the usual value of this sinusoidal voltage may vary in size and in frequency, such as 100VAC, 120VAC, 200VAC, 220VAC, 230VAC, or 240VAC, and with the frequency of 50Hz or 60Hz.

Previously, big AC fans were less expensive compared to big DC fans.Currently, the price difference is negligible due to their payback advantage.

Controlling the speed of the AC fans is difficult as the speed depends on the line frequency and on the amplitude of the AC voltage source.Changing the frequency of the AC voltage is totally impractical due to its high conversion cost.

To maintain the waveform of the AC voltage source and vary the amplitude is also expensive and not practical to meet the target cost of a speed-controlled AC fan. The motors in AC cooling fans operate at a higher voltage than DC cooling fans; the AC models are frequently used to produce high-pressure air currents in systems where the performance gets affected because of the fan’s electromagnetic interference, which is ultimately drives the axial fans market.

The SAM axial fans market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the SAM axial fans market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SAM axial fans market OMRON Corporation; Fulltech Electric Co., Ltd; Howden Group; COOLTRON Industrial Supply, Inc; Pelonis Technologies, Inc; WingFan Ltd. & Co. KG; Multi-Wing International a/s; FläktGroup Holding GmbH; Horton Holding, Inc; Phillips & Temro Industries; BorgWarner Inc are among a few players operating in the SAM axial fans market.
Read the full report: https://www.reportlinker.com/p06103299/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001


Recommended Stories

  • Ford Counterattacks GM In Trademark Infringement Dispute, Says Will Go To Patent Office

    On Friday, Ford Motor Company (NYSE: F) reiterated that General Motors Company's (NYSE: GM) lawsuit is frivolous. What Happened: In the latest development in the trademark infringement dispute between the two automakers, Ford said that it will ask the U.S. Patent Office to rescind trademarks obtained by rival GM for the terms "Cruise" and "Super Cruise," Reuters reports. Last month, GM filed a federal lawsuit against Ford for violating a trademarked hands-free driving technology name "Blue Cruis

  • U.S. Gulf of Mexico oil producers consolidation accelerates

    Oil and gas producers in U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry's future. The dominance of the top producers in the Gulf looms large as the industry's technology showcase, the Offshore Technology Conference, officially gets underway in Houston on Monday. The pandemic, along with recurring hurricane shut-ins, hastened the demise of some Gulf of Mexico producers.

  • China economy faces pressure, T-Mobile investigates data breach, Jay-Z invests in sports betting

    Julie Hyman breaks down Monday’s business headlines, including: China’s economy experiencing a loss in momentum as the factory output and retail sales growth slowed sharply due to rising Delta cases, T-Mobile launching an investigation to look into claims about a data breach after hackers claimed to be selling personal data, and Jay-Z applying for a sports betting license in New York as his company Roc Nation pursues plans to invest in Fanatics.

  • There are new federal rules involving 401(k) rollovers to IRAs. Here's what to know

    The new federal guidelines focus on potential conflicts of interest and what obligations your adviser owes you to help you make wise financial choices

  • Why won’t anyone hire this 60-year-old?

    Has the system of employment search and response has become intrinsically biased toward younger people?

  • Analyst Report: Altria Group, Inc.

    Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Ste. Michelle Wine Estates, Nu Mark, and Philip Morris Capital, although the company plans to wind down Philip Morris Capital by the end of 2022. It holds a 10.2% interest in the world's largest brewer, Anheuser-Busch InBev. Through its tobacco subsidiaries, Altria holds the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the U.S. with a 43% share in 2020.

  • 3 Tech Stocks With Surprisingly Solid Dividends

    The technology sector is filled with high-growth companies vying for market share. Rather than pay dividends, many of these businesses prefer to reinvest excess cash in their operations, a strategy that makes sense given the quickly changing nature of technology. With that in mind, we asked three Motley Fool contributors to write about tech stocks with strong dividends.

  • Oil Retreats as Delta Takes Toll on China and Equities Dip

    (Bloomberg) -- Oil sank for a third consecutive day as Chinese economic data disappointed and the spread of the delta coronavirus variant hurt prospects for global demand.West Texas Intermediate futures slumped as much as 3.6% as fresh outbreaks in Asia have started weighing on China’s economy, with retail sales growth and industrial output slowing. Covid-19 cases are at or near records in nations including Thailand, Vietnam and the Philippines. Stock markets were also weaker, adding to the pres

  • Huawei accused of pressuring US firm into installing a data backdoor

    Huawei has been accused of pushing a US company into installing a data backdoor for a Pakistani project, but the truth isn't clear.

  • Meggitt takeover advisors set to rake in £200m in bumper payday

    Citibank is set to be paid £59m of that total from lending money on the Parker side of the deal.

  • Retail Giant Walmart Seeking to Hire Digital, Cryptocurrency Lead

    The company is looking for someone to develop its digital currency strategy and product roadmap.

  • Oil prices drop on faltering demand outlook in China

    LONDON (Reuters) -Oil fell by over 3% on Monday to a one-week low, dropping for a third session after official data showed refining throughput and economic activity slowed in China, an indication that COVID-19 outbreaks are crimping the world's second-largest economy. Brent crude was down $2.21, or 3.1%, at $68.38 a barrel by 1347 GMT. China's crude oil processing last month also fell to the lowest level on a daily basis since May 2020 as independent refiners cut production in the face of tighter quotas, elevated inventories and falling profits.

  • Detroit sticks with trucks, SUVs despite lofty 2030 goals for EVs

    The future may belong to electric cars, but for U.S. automakers, trucks will rule for years to come. Automakers in North America plan to build more big pickups and sport utility vehicles than electric vehicles well into the late 2020s, chasing sales trends that run counter to the Biden administration's goal of boosting EVs to half the market by 2030, according to internal production forecasts viewed by Reuters. The popularity of Detroit's big trucks is a challenge both to the industry and efforts by lawmakers and regulators to reduce emissions of carbon dioxide and other exhaust gas pollutants from combustion engines.

  • Hyatt Plans to Buy Apple Leisure Group From KKR and KSL Capital for $2.7 Billion

    The transaction is the latest sign of optimism about a return to vacation travel even as the U.S. economy continues to grapple with the coronavirus pandemic.

  • U.S. is seeing an ‘unprecedented reality for job seekers’: ZipRecruiter CEO

    Yahoo Finance’s Myles Udland, Julie Hyman and Brian Sozzi speak with ZipRecruiter CEO Ian Siegel about the company’s Q2 earnings report, outlook for the labor market, the future of remote work, and much more.

  • Analysis-U.S. SEC prepares to take on corporate America over workforce disclosures

    The U.S. Securities and Exchange Commission (SEC) is headed for a scuffle with corporate America over how much information public companies must disclose about their most important asset: employees. Urged on by progressive Democrats, unions and investors, the regulator is working on a rule that will require public companies to disclose more information on their workforces, such as data on diversity, staff compensation and employee turnover. As companies depend less on physical assets and more on employees, including gig workers and contractors, such "human capital" data provides crucial insight into corporate strategy and governance issues, investors and employee advocates say.

  • Global Supply Chains Are Being Battered by Fresh Covid Surges

    (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Asia’s renewed surge in Covid-19 infections is compounding supply-chain blockages across the world’s biggest source of manufactured goods.After weathering earlier pandemic waves better than other regions, the fast-spreading delta variant has thrown into turmoil factories and ports in countries that were once among the most successful containing the virus.The snarls in Asia -- where the

  • Are Large Mining Pools Bad for Cryptocurrencies?

    Cryptocurrency mining is being done on expensive mining pools run by large firms. Is this bad for cryptocurrencies?

  • What You Need To Know About The Voyager Therapeutics, Inc. (NASDAQ:VYGR) Analyst Downgrade Today

    Today is shaping up negative for Voyager Therapeutics, Inc. ( NASDAQ:VYGR ) shareholders, with the analysts delivering...

  • Here's Americans' Median Retirement Savings Balance. How Does Yours Stack Up?

    You can't expect Social Security to cover all of your living costs in retirement. The median retirement savings balance workers of all ages is $93,000, as per the 21st Annual Transamerica Retirement Survey. No matter your age, if you're not happy with your retirement plan balance, it's imperative that you take steps to boost your savings while you can.