Press release
Global Centrifugal Blower Market to be Driven by Rapid Industrialisation in the Forecast Period of 2023-2028
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4%
The Asia Pacific region's growing industrialisation is boosting the market for centrifugal blower. Since centrifugal blowers are extremely effective, long-lasting, and cost-effective, they are employed in a variety of important sectors for drying and chilling applications, hence fuelling the market expansion. Centrifugal blowers can operate in highly corrosive and erosive environments, due to which they are employed in a variety of mining applications, which is boosting the market growth. Furthermore, the increased use of efficient and high-pressure blowers in cement manufacturing and transportation is significantly contributing to the growth of the market. The expansion of the market is being further aided by the increasing development of numerous cement and steel plants.
Industry Definition and Major Segments
A centrifugal blower, also called a centrifugal fan, is equipment that propels air to boost the pressure of the gas and then discharges it. It utilises the kinetic energy of impeller in order to surge the volume of air streams for displacing it radially. It is commonly used in ventilation systems for buildings and various industrial applications.
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Based on the pressure types, the market is divided into:
• High Pressure
• Medium Pressure
• Low Pressure
The major end-users of the market are:
• Cement plant
• Steel plant
• Mining
• Power Station
• Chemical
• Pulp and Paper
• Others
The regional markets of centrifugal blower are:
• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America
Market Trends
The growing use of centrifugal blowers in the thriving food and beverage industry is propelling the industry forward. It is widely utilised in food processing, storage, chilling, drying, and heating to ensure comprehensive, safe, smooth, and efficient food systems, all of which are likely to contribute to market expansion. As the demand for highly efficient centrifugal blowers is growing, major businesses are boosting their efforts in research and development (R&D) activities, which is expected to fuel the industry growth. Also, centrifugal blowers' favourable qualities are leading to a surge in their demand in heavy industrial applications and small enterprises, which is expected to boost industry growth in the forecast period.
Key Market Players
The major players in the market are Atlas Copco, Howden Group, Vishwakarma Air Systems, and Airmake Cooling Systems, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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