Centrifugal Fans Market To Reach $10,612.1 Million By 2033

November 2025 | Report Format: Electronic (PDF)

Centrifugal Fans Market Growth & Trends

The global centrifugal fans market size is anticipated to reach USD 10,612.1 million by 2033 and is expected to grow at a CAGR of 4.6% from 2025 to 2033, according to a new report by Grand View Research, Inc. The market is largely propelled by rising demand from industrial sectors that depend on efficient ventilation and air-handling systems. Growing manufacturing activity and infrastructure development are increasing the need for reliable fans in HVAC, pollution control, and boiler applications.

Manufacturers are increasingly using advanced impeller geometries, variable-speed drives, and electronically commutated motors to meet modern efficiency requirements. Smart features-such as IoT-enabled sensors for predictive maintenance-are gaining momentum. While innovation remains incremental rather than disruptive, steady advancements in materials, design, and digital integration continue to enhance product performance and reliability.

M&A activity in the centrifugal fans market is significant, driven by companies aiming to broaden product offerings, strengthen regional footprints, and acquire specialized technologies. Larger players often purchase smaller firms with expertise in niche or high-efficiency systems. These acquisitions support improvements in manufacturing capacity, streamline supply chains, and accelerate technological development. Consolidation is encouraged by competitive pressure, energy-efficiency regulations, and rising demand across industrial, commercial, and HVAC markets.

Regulatory frameworks strongly influence the centrifugal fans market by imposing tighter standards for energy efficiency and environmental performance. Authorities require compliance with specific efficiency ratings, noise thresholds, and emissions-related criteria, prompting manufacturers to improve designs and integrate advanced motor technologies. Building codes and HVAC efficiency mandates further push demand for high-performance solutions. These requirements stimulate innovation, elevate product quality expectations, and affect buying decisions across all end use sectors.

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Centrifugal Fans Market Report Highlights

Based on type, the forward curved fans segment dominated the market with the largest revenue share in 2024. Their compact design, low noise, and high airflow at low static pressure make them ideal for HVAC systems in commercial buildings, residential complexes, and light industrial applications.
Based on capacity, the 5 kW to 20 kW segment dominated the market. This range is widely used in industrial facilities and large commercial buildings that require high-capacity, energy-efficient ventilation systems with consistent performance under demanding conditions.
Based on drive type, the direct drive segment held the largest revenue share in 2024. Industries prefer these systems for their energy efficiency, low maintenance, compact design, and reliability, especially in modern HVAC and industrial ventilation applications.
Based on application, the ventilation segment dominated the market. Growth is driven by rising indoor air quality requirements, expanding manufacturing facilities, and increasing adoption of energy-efficient ventilation systems in residential, commercial, and industrial spaces.
Based on end use, the industrial segment held the largest revenue share in 2024. Heavy industries rely on centrifugal fans for ventilation, cooling, dust control, and air handling. Regulatory compliance, energy efficiency needs, and facility expansions continue supporting strong demand.
In August 2025, ebm-papst introduced a new generation of RadiPac EC centrifugal fans for cleanroom filter-fan units used in semiconductor, medical, and aerospace environments. The updated design integrates EC motor technology and an improved impeller, enabling higher airflow, lower energy use, and reduced noise compared to earlier models.