Press release
Centrifugal Blower Market Growth Analysis to 2024 by Regional Players – Howden, Atlas Copco, KAESER KOMPRESSOREN, Airmake Cooling Systems, CLEANTEK
Centrifugal Blower Market
Rowing population in the Asia Pacific is responsible for strong growth in the food industry, which is likely to have a subsequent influence on the overall centrifugal blowers Market by 2024. For instance, the food industry in the region is projected to rise at a CAGR of more than 6% by 2024. Low pressure-based product is used for drying moisture content from raw food materials in the food industry which will make distinguished contribution to centrifugal blowers Market by 2024.
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North America Centrifugal blower market is anticipated to witness gains of more than 4% by 2024. This is attributed to strong product demand from mining, power, chemical, steel plant and various other end-user industries. Strong growth in the mining industry in the U.S. is primarily due to strong coal demand in order to achieve significant gains to the overall centrifugal blowers market by 2024. Product is widely used for cooling, ventilation or exhaust gas system in the mining industry.
Strong growth indicators in Asia Pacific economy has led to progression in the construction business mainly in China, India and Japan. The aforementioned trend has led to progression in the equipment demand from cement and steel plants for eliminating left-over gases and circulating air. Moreover, product is widely used across steel plants for attaining uniform temperature inside ovens.
Prominent centrifugal blower market players are:
• Huadong Blowers
• Vishwakarma Air Systems
• Alfotech Fans
• CLEANTEK
• Kaeser Kompressoren
• GP Motors
• Trimech India
• HIS Blowers
Most of the players has a wide-ranging product portfolio offering blowers with varying pressure ranges for the specific applications. For instance, CLEANTEK offers centrifugal air blowers for material conveying, dust collection, fume extraction, ventilation, cooling, etc.
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Centrifugal blower market by end-user:
1. Cement plant
2. Steel plant
3. Mining
4. Power station
5. Chemical
6. Pulp & paper
7. Others
Centrifugal blower Market for chemical industry was valued more than USD 300 million in 2017. These products are widely applicable across chemical industry for exhausting corrosive, high temperature or hazardous gases from the plants. Moreover, these equipment plays significant role to evaporate fluid or water content in chemical substances. Positive growth trends in the chemical industry will benefit in attaining considerable gains to the overall centrifugal blower market by 2024.
Medium pressure centrifugal blower market share accounted for over 15% of the total industry share in 2017. It is usually used for operations where there is medium air flow and medium resistance. These equipment generates pressure of up to 17,500 Pa. Product falling in this category are applicable in power stations for supplying air, fuel combustion to attain uniform furnace temperature. Rising demand for power generation for industrial applications will boost product demand and in turn will have positive impact on the global centrifugal blower market by 2024.
Related News: https://www.globenewswire.com/news-release/2018/05/30/1513735/0/en/Centrifugal-Blower-Market-will-cross-4bn-by-2024-Global-Market-Insights-Inc.html
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