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2021
Turning Vanes Market

Turning Vanes Market by Product type (Single Thickness Vanes, Small Double Wall Vane and Large Double Wall Vane), Application (Heating, Ventilation and Air-conditioning) End-user industry (Residential and Non-Residential): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13016
Pages: NA
Oct 2021 | 195 Views
   
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Turning Vanes Market

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Turning vanes are sheet metal devices inside the mechanical ductwork used to smoothly direct air inside a duct where there is a change in direction, by reducing resistance and turbulence. Turning Vane is used to turn the air flow in 90 degree Square Elbows on Rectangular Duct jobs. These Vanes are usually cut on a chopsaw from 10 ft. lengths then Mounted on Rail that is itself screwed onto each of the Elbow’s interior cheeks. The efficiency of Turning Vanes in Square Elbows is understanding that the Width of a duct is greater in the turn than the duct size itself. This means that by Stacking turning vanes onto Rail that extends from the throat to the corner of the heel of the Elbow provides turning surface for the airflow to move.

Market Scope and Structure Analysis

The global turning vanes market is experiencing a significant growth and is expected to grow considerably in the next few years. The use of air conditioners, ventilators, and heating equipment have also boosted the demand for turning vanes in the market worldwide. In addition, turning vanes also offer self-erecting ability, which reduces the time and costs incurred on the installation of the crane. This improves the efficiency of the vanes in various machines. Moreover, turning vanes are highly advanced machinery. Major players in the turning vanes industry adopt advanced technologies to increase the efficiency and the lifting capacity of the products to sustain the competition in the turning vanes market.

Report Metric

Details

  Market Size Available for Years

 

  2020-2030

  Base Year Considered

 

  2020

  Forecast Period

 

  2021-2030

  Forecast Unit

 

  Value (USD)

  Segments Covered

 

  Product type, Application, End-user industry

  Regions Covered

 

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Seal Tite LLC, Duro Dyne Corp., Hart & Cooley Inc., Conklin Metal Industries, CMD Group

 

COVID-19 Impact analysis

  • COVID-19 pandemic has shut down the production of various products in the turning vanes market attributed to the lockdown in countries worldwide. This has hampered the growth of titanium mill products market from the last few months and is likely to continue during 2021.
  • COVID-19 has already affected the sales of turning vanes in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
  • The major demand for turning vanes was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for turning vanes.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Turning vanes market manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
  • Turning vanes market are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.

Top Impacting Factors

Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events to establish their foothold in the market. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from the turning vanes market are anticipated to rise in demand for filter products, which is projected to be opportunistic for the market growth.

Market Trends

  • The use of turning vanes in air conditioning machines is positively impacting the global market. Companies would have to take technology and innovation as a strategic objective to sustain their competitive advantage. Key players have to plan, define, and execute strategy in a way to develop required capabilities to meet customer and stakeholders' desires. For instance, With the Himalaya Cool technology, LG ACs deliver faster cooling without compromising on the energy saving aspect. Daikin comes with a Power Chill mode with dual flap flattening to quickly cool the room within 20 minutes. Whirlpool AC uses 3D Cool Extreme and dual fan compressor to deliver what they call Turbo Cool.
  • New products that contain improved capabilities have been launched by the leading market players. They have taken necessary steps to improve accuracy and overall functionality of devices. For instance, The Puritan Bennett™ 980 ventilator provides a unique ventilator assurance feature which, in the event of certain system failures, will continue to deliver ventilator support as close to the preset settings as feasible, and has an integrated expiratory filtration system.
  • Similarly, strategic partnerships and collaborations help to strengthen the base of each company and achieve mutual aspirations faster by leaning on one another’s experience, network and resources. It gives a competitive edge and allows to extend a broader range of opportunities. For instance, on May 2021 Aerodyne Group entered into Strategic Partnership with Real Tech Fund, KOBASHI HOLDINGS and ACSL. This strategic partnership also aims to solidify Aerodyne Group’s market positioning in Japan.

Key Segments Covered

Product type

  • Single Thickness Vanes
  • Small Double Wall Vane
  • Large Double Wall Vane

Application

  • Heating
  • Ventilation
  • Air-conditioning

End-user industry

  • Residential
  • Non-Residential

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key benefits of the report

  • This study presents the analytical depiction of the turning vanes market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the turning vanes market share.
  • The current market is quantitatively analysed from 2020 to 2030 to highlight the turning vanes market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed turning vanes market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Turning Vanes market report

  • Who are the leading global players in the turning vanes market?
  • What are the current trends and predicted trends?
  •  What is turning vanes?
  • What is turning vanes market prediction in the future?
  • What are the challenges faced in the turning vanes market?
  • What are the driving factors and opportunities in the market?
  • What are the key benefits of the turning vanes market report?
 
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