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Industrial Air Blower Market Industry Growth, Top Key Players and Recent Trends by Forecast to 2027

05-17-2024 03:05 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Industrial Air Blower Market

Industrial Air Blower Market

The global industrial air blower market is experiencing significant growth, fueled by the expansion of mining operations and advancements in the food and beverage industry. Furthermore, the increase in manufacturing activities in emerging regions is set to create numerous opportunities in the near future.

The industrial air blower market size accounted for $5.0 billion in 2019, and is expected to reach $6.1 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027.

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Drivers Dynamics:

The rise in population and the growing trend of consuming packaged food have led to an increased demand for industrial air blowers in the food and beverage sector. These blowers, which can operate effectively in both vacuum and pressured environments, are also well-suited for mining operations. Consequently, the surge in mining activities is a major driver for the industrial air blower market.

In 2019, the industrial air blower market was valued at $5.0 billion and is projected to reach $6.1 billion by 2027, with a compound annual growth rate (CAGR) of 4.2% from 2020 to 2027. The market was dominated by the 'others' segment, followed by the chemicals and petrochemicals segment. This market includes revenue from both new sales and aftersales services of centrifugal blowers and positive displacement blowers used across various industries such as food and beverage, wastewater treatment, pharmaceuticals, and chemicals.

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Key Segments:
The market is segmented by type, portability, end-user industry, and geography. In 2019, the centrifugal blower segment accounted for over half of the global market revenue and is expected to maintain this leading position throughout the forecast period. Meanwhile, the positive displacement segment is anticipated to experience the highest CAGR of 4.5% from 2020 to 2027.

Regarding business types, equipment sales constituted the largest share of the market in 2019, representing more than three-fifths of the global market, and is projected to remain dominant by 2027. However, the services segment is expected to grow at the fastest rate, with a CAGR of 4.5% during the forecast period.

Geographically, the Asia-Pacific region held the largest market share in 2019, accounting for nearly two-fifths of total revenue, and is expected to continue its dominance throughout the forecast period.

On the other hand, the LAMEA region is forecasted to have the highest CAGR of 5.6% from 2020 to 2027. The report also covers the market dynamics in North America and Europe.4o

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Top Players:
The major players profiled in the industrial air blower market include Air Control Industries Ltd., Airtech Blower Industries, Atlantic Blowers, Atlas Copco, Compressor Pump and Services, Inc., Everest Blower Systems Pvt. Ltd., GP Motors, Howden, HSI Blower and Kaeser Kompressoren.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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