HVLS refers to very large frequency-controlled fans with high airflow and low speed (under 100 rpm). It is the most efficient way to drive a large amount of air movement, generating a large air volume and creating a field of movement and circulation in the space, which can effectively regulate the air circulation in the industrial production hall. HVLS fans are generally ceiling fans although some are pole mounted. HVLS fans move slowly and distribute large amounts of air at low rotational speed– hence the name "high volume.
According to the diameter size industrial fans can be divided into the following 5 types 8\'-12\' diameter, 12\'-16\' diameter, 16\'-18\' diameter, 18 \'-20\' diameter, 20\'-24\' diameter. HVLS fans are divided into two main categories: industrial and commercial. In industrial applications, air conditioning is usually too costly and impractical. Fans installed in spaces such as warehouses, barns, hangars and distribution centres can prevent heat stress. HVLS fans are also used in commercial spaces where air conditioning is more common, but the increased air flow of ceiling fans can be cost effective in increasing occupant comfort or preventing stratification. Typical commercial applications include shopping centres, churches, office buildings, airport terminals, fitness centres and schools.
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Global HVLS Fan Market Analysis
According to our research, the total revenue of the global HVLS market is US$ 436.57 million in 2015, increasing to US$ 582.96 million by 2019. A series of functions have been calculated and derived using scientific models for the last 5 years of data. Finally, we forecast that the HVLS market will be worth US$726.90 million by 2025. The growth of the HVLS market is driven by downstream demand markets. As the global economy grows, the population continues to increase. The growing market demand is playing a positive role in the expansion of the HVLS market. Higher product quality and more affordable products will be among the future growth opportunities in this market. At the same time, competition in new regions is likely to become more intense. This could be a factor that hinders the growth of the market.
HVLS mainly from the United States; low industry concentration. The top three were Big Ass Fans, Rite Hite and MacroAir, with 32.90% , 14.73% and 4.36% of revenue in 2019. North America is the largest revenue market, with a market share of 57.77 percent in 2015,2019年为56.48%。下降了1.29%.The European region had the second largest market share of 17.12% in 019. Economic development and increasing downstream demand in these regions will boost the HVLS market.
HVLS Market Has an Unlimited Future
As a relatively new fan product, based on its remarkable features and good functionality, the global HVLS fan market demand has continued to grow steadily in recent years, with a global market growth rate of 6.02% in 2019. The global HVLS fan market is expected to grow at a rate of more than 10% by 2025. China\'s HVLS fan market started later than developed countries or regions such as the United States and Europe, with a low penetration rate in various fields and is generally in a rapid development stage, mainly due to the huge scale of investment in fixed assets such as plant workshops, warehousing and logistics as well as various public places as a result of China\'s economic development and industrialization, which has formed a considerable number of stock and incremental markets. Based on the accumulation of customers and word-of-mouth publicity in the early stage, HVLS fans are increasingly recognized by customers and the market, gaining more and more applications in the aforementioned areas, with the domestic market size reaching approximately RMB 1.333 billion in 2019. In the future, with the increase in space facilities available for application and the increasing penetration rate, the domestic HVLS fan market has huge potential for development. It is expected that by 2025, the national HVLS fan market size will reach $3.5 billion, achieving a CAGR of over 17%.
In the HVLS fan industry, the bargaining power of suppliers is very weak, as the main raw materials for HVLS fans are aluminium alloys and industrial motors. The industry concentration of these two raw materials is low and there are many suppliers in the market. Manufacturers are not dependent on a single supplier and can choose lower priced products, so the bargaining power of suppliers is low. Secondly, a high return industry attracts new companies. New entrants will eventually reduce the profitability of other companies in the industry. In the HVLS fan industry, new entrants require more technology and initial investment, more R&D, channel building and customer accumulation, so the barriers are high. Finally given the low cost and high efficiency of HVLS fans, the long shelf life, the low threat of substitute products and the low energy consumption. It is therefore highly appreciated by consumers. The global HVLS fan market is expected to have a bright future in the coming years.
Worldwide, HVLS fans provide comfort, efficiency and more, and can also reduce cost consumption (HVLS fans are a cost-effective solution that helps businesses control cooling costs.). With the continuous increase of downstream demand and the technological progress of HVLS fans, it has provided important development opportunities for the HVLS fan industry. And the many country government\'s emphases on energy consumption and the replacement of traditional electric fans by HVLS fans provide important opportunities for the development of HVLS fans.
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