Centrifugal Blower Market Analysis By 2024: Growth Drivers & Regional Statistics
The centrifugal blower market is set to observe growth rate of over 4% till 2024. Considerable amount of manufacturing and equipment’s servicing cost are some vital factors expected to restrict the production and demand for centrifugal blowers. However, in a view to improve product efficiency and operational features by reducing the power consumption and cost of the product, several industry players are making efforts in product development.
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The growing demand for power generation will uplift global centrifugal blower market outlook through 2024. Centrifugal blowers adoption across chemical industry was estimated more than US$300 million in 2017. For exhausting harmful, high temperature and hazardous gases from the plants, centrifugal blowers are widely used in chemical plants.
These efforts will lead to new opportunities for centrifugal fan market by 2024. Gradual resurrection of the construction and manufacturing sectors post the COVID-19 outbreak will foster the adoption of the equipment.
With the persistent product demand from chemical, steel, power, mining and other end-user industries in North America, centrifugal blower market is expected to make profits exceeding at 4% CAGR through 2024. Due to huge rise in demand for coal, comprehensive growth in mining sector in the United States is quite evident.
With this fact, there is a huge potential market for centrifugal blowers in the U.S. The centrifugal fans can be used in ventilation or exhausting gases in mining tunnels, cooling, blowing out air into ducts, tunnels and in underground pathways.
The rise in the construction activities can be seen all over the world driving centrifugal blower market forecast. With the extensive infrastructure development, the demand for raw material and equipment is growing immensely. With more than 60% of the world’s total population residing in Asia-Pacific region, mainly in India and China, extensive infrastructure development and growing economy in these populous regions is encouraging the market growth of raw material and equipment.
Increasing demand for raw materials has propelled the demand for equipment in steal and cement manufacturing plants, key users of centrifugal blowers. For eliminating residual gases, maintaining uniform temperature and air flow, these equipment are being widely used in various industries such as construction, food and energy. As per a forecast, the food manufacturing sector in densely populated regions is expected to rise tremendously over the coming years.
Medium pressure centrifugal blowers that generate pressure up to 17,500 Pa, are mainly used for operations where the need for air pressure and resistance is medium. The market share of these medium centrifugal fans was estimated to reach more than 15% in 2017. The products under medium pressure category are being used in the power stations for supplying air and fuel combustion to maintain constant furnace temperature.
Some of the major manufacturers of these blowers are Cleantek, Alfotech fans, Huadong Blowers, GP Motors, Trimech India, HIS Blowers and Kaeser Kompressoren. From varying pressure for specific product to inclusion of latest technology, a lot of industry players have a wide range of product portfolio. Consistent expansion of the chemical sector as well as cement manufacturing activities will spell significant demand for equipment like centrifugal blowers.
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Some Point from Table of Contents:
Data Tables
TABLE 1 Centrifugal blower industry 360° synopsis, 2013 – 2024
TABLE 2 Global centrifugal blower market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)
TABLE 3 Global centrifugal blower industry volume, high pressure by end-user, (Thousand Units), 2013 – 2024
TABLE 4 Global centrifugal blower industry revenue, high pressure by end-user, (USD Million), 2013 – 2024
TABLE 5 Global centrifugal blower industry volume, medium pressure by end-user, (Thousand Units), 2013 – 2024
TABLE 6 Global centrifugal blower market revenue, medium pressure by end-user, (USD Million), 2013 – 2024
TABLE 7 Global centrifugal blower industry volume, low pressure by end-user, (Thousand Units), 2013 – 2024
TABLE 8 Global centrifugal blower industry revenue, low pressure by end-user, (USD Million), 2013 – 2024
TABLE 9 Global centrifugal blower market, volume by end-user, (Thousand Units), 2013 – 2024
TABLE 10 Global centrifugal blower industry revenue, by end-user, (USD Million), 2013 – 2024
TABLE 11 Global centrifugal blower industry, volume by region (Thousand Units), 2013 - 2024
TABLE 12 Global centrifugal blower market, revenue by region (USD Million), 2013 – 2024
TABLE 13 Vendor matrix
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