A report by Persistence Market Research found that macroeconomics and forecast factors are projected to drive growth of the North American commercial refrigeration fans market.
Currently, the North American commercial refrigeration fans market is valued at $800 million and is expected to exceed $1000 mn by the end of 2029, growing at a CAGR of 3%.
The U.S. & Mexico are Prominent Countries in the North America Commercial Refrigeration Fans Market
The U.S. market is expected to be the most dominant market for commercial refrigeration fans in North America due to the increasing number of food processing plants. The growth of refrigerated vehicles helps strengthen the cold chain and prevents food waste, driving the need for commercial refrigeration fans.
Exports of agricultural products to other countries is also fueling demand. The Mexico market is expected to grow at a rapid pace owing to the positive economic outlook forecasted for the region and increasing the number of supermarkets and hypermarkets in the country.
Food Security Concerns Fueling the North America Commercial Refrigeration Fans Market
An increase in temperature-sensitive items, along with the expansion of cold chain capacities to ensure efficient storage and reduce food waste is estimated to boost the demand for commercial refrigeration fans across North America. Numerous companies are investing in strengthening their cold chain to minimize food waste, driving rapid expansion of cold warehouse capacities that rely on commercial refrigeration fan systems.
Key Players in the North America Commercial Refrigeration Fans Market
Key players in the North America commercial refrigeration fans market are Regal Beloit Corporation, Delta Electronics (Americas) Ltd., Continental Fan, Multi Wing America Inc., EPEC LLC., QM Power, The New York Blower Company, East West Manufacturing, Ebm-papst, Revcor Airflow Solutions, and Rosenberg USA.