Cooling Fan Market Revenue to Attain USD 21.97 Bn by 2033

22 Sep 2025

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Table of Content

1. Cooling Fan Market Revenue and Trends 2025 to 2033 2. Driving Change: Major Trends and Future Scope in the Cooling Fan Market 3. Segment Insights 4. Regional Insights 5. Cooling Fan Market Coverage 6. Cooling Fan Market Key Players

Cooling Fan Market Revenue and Trends 2025 to 2033

The global cooling fan market revenue reached USD 16.11 billion in 2025 and is predicted to attain around USD 21.97 billion by 2033 with a CAGR of 3.95%. The growth of the market is driven by rising demand for thermal management in electronics, increasing industrial automation, and growing adoption of energy-efficient HVAC systems across residential and commercial sectors.

Driving Change: Major Trends and Future Scope in the Cooling Fan Market

The cooling fan market encompasses devices that circulate air to remove heat and cool components in electronics, industrial equipment, and automotive applications. The market is experiencing significant growth due to rising industrialization, increasing demand for energy efficiency and smart technologies, and expanding use of cooling fans in sectors like data centers and electric vehicles. The increasing demand for thermal management in the electronics industry also bolsters market growth.

Additionally, ongoing technological advancements and a shift toward electric vehicles create immense opportunities in the market. The expansion of data center infrastructure, driven by high demand for cloud computing and IoT, further opens up new growth prospects. Industrialization and infrastructure development require cooling fans for various machinery. The increasing adoption of smart home technology and appliances, and the push for energy efficiency and environmental regulations, also contribute to market growth.

Segment Insights

• By product type, the axial fans segment dominated the market in 2024 due to their cost-effectiveness, simplicity, high airflow efficiency at low pressure, and versatility across various sectors for heat dissipation and ventilation in a compact design.
• By power source, the AC cooling fans segment accounted for the largest market share in 2024. This is mainly due to their widespread use in existing infrastructure, lower upfront costs compared to DC fans, and versatility across numerous applications. 
• By mounting type, the panel-mounted segment led the market due to its versatility, cost-effectiveness, and ease of installation across various critical applications by providing efficient heat removal, crucial for the performance and longevity of sensitive electronics. 
• By material, the metal fans segment maintained market dominance in 2024. This is due to the superior durability, strength, and performance of metals compared to other materials, such as plastic, which offer better heat resistance and longevity, essential for high-power applications.
• By application, the electronics & semiconductors segment dominated the market in 2024 due to the proliferation of heat-generating electronic devices, which require efficient thermal management for optimal performance and longevity.
• By end-user industry, the electronics & IT segment accounted for the major market share due to the ever-increasing proliferation of electronic devices, the high demand from data centers, and the need for thermal stability in high-performance computing.
• By distribution channel, the OEM supply segment led the market in 2024 as it involves direct, large-scale integration into the manufacturing process of products like vehicles and electronics, ensuring consistent demand and high product integration

Regional Insights

Asia Pacific dominated the cooling fan market by capturing the largest share in 2024. The region’s dominance stems from rapid industrialization, massive urbanization, growing consumer electronics and manufacturing sectors, and increasing domestic demand for efficient cooling solutions. With urban population growth, particularly in megacities, there is a high demand for advanced HVAC and ventilation systems in residential complexes, airports, and metro stations, driving market growth.

North America is expected to experience the fastest growth throughout the forecast period, primarily driven by strong demand from the automotive, data centers, and consumer electronics industries, coupled with significant investments in R&D for smart, efficient, and AI-integrated cooling solutions. Government initiatives, such as those from the U.S. Department of Energy, as well as advancements in AI and automation, support this growth by fostering innovation and digital transformation in manufacturing and product design. 

Cooling Fan Market Coverage

Cooling Fan Market Key Players

• Delta Electronics, Inc.
• Nidec Corporation
• Sunonwealth Electric Machine Industry Co., Ltd.
• ebm-papst Group
• SPAL Automotive Srl
• Oriental Motor Co., Ltd.
• Sanyo Denki Co., Ltd.
• Pelonis Technologies, Inc.
• MinebeaMitsumi Inc.
• ABB Ltd.
• Siemens AG (Cooling Systems Division)
• Regal Rexnord Corporation
• Crompton Greaves Consumer Electricals Ltd.
• Panasonic Corporation
• LG Electronics Inc. (Cooling Systems)
• Toshiba Electronic Devices & Storage Corporation
• Ametek Inc.
• Rosenberg Ventilatoren GmbH
• Horton Holding, Inc.
• Xiamen ECOOL Technology Co., Ltd.

Recent Development

• In July 2025, Systemair AB signed an agreement to acquire NADI Airtechnics Ltd. This acquisition facilitates strong industrial fans' competence and brings a complementary product range for industrial applications to Systemair, with its competence and products on high-performance blowers and fans for industrial applications.

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