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Asia Pacific Fans And Blowers Market Forecast 2019-2028

KEY FINDINGS
The Asia Pacific fans and blowers market is anticipated to register a CAGR of 2.78%, over the forecast period of 2019 to 2028. The major drivers propelling the region's market growth include the increasing pollution levels and its adverse health consequences.

MARKET INSIGHTS
The Asia Pacific fans and blowers market growth is evaluated across China, Thailand, India, Japan, Indonesia, Vietnam, Australia & New Zealand, South Korea, and the rest of the Asia Pacific. The Air Quality Life Index (AQLI) in Thailand depicts a prolonged exposure to fine particulate pollution, which shortens the average citizen's life expectance over two years. The AQLI is primarily based on a pair of peer-reviewed studies by Greenstone and his co-authors, by virtue of a unique and natural experiment in China. The study is characterized by comparing populations exposed to persistent and high pollution levels, with individuals who were not. Through the experiment results, the researchers were able to isolate the impact of air pollution from other aspects that affect health.
In terms of pollution, certain regions in Thailand are relatively worse, and lead to severe health complications. For instance, industrial developments and vehicular prevalence in Bangkok led to a 23% hike in pollution, from 1998 to 2016. Moreover, Thailand's deteriorating quality of air is shortening people's lives four times more than what it would have been, if the recommendations directed by the World Health Organization (WHO) were fulfilled. Thus, these factors are set to bolster the region's demand for fans and blowers, and augment the market's growth.

COMPETITIVE INSIGHTS
DongKun Industrial Co Ltd, Continental Blower LLC, Howden Group LLC, Greenheck Fan Corporation, CG Power and Industrial Solutions Limited, etc., are among the distinguished players operating in the market.

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Asia Pacific Fans And Blowers Market Forecast 2019-2028
Published By :Inkwood Research
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