Global Centrifugal Blower Market

Centrifugal Blower Market Size, Share, Growth Analysis, By Pressure(High, Medium, Low), By End-User(Cement plant, Steel plant, Mining, Power station), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20H2029 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 67 | Figures: 75

Centrifugal Blower Market Insights

Global Centrifugal Blower Market size was valued at USD 3.14 billion in 2022 and is poised to grow from USD 3.28 billion in 2023 to USD 4.67 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024- 2031).

The growth of centrifugal blowers is projected to receive a significant boost due to the rising consumption of cement in construction and building activities. The US Geological Survey reports that global cement production will reach around 4.6 billion metric tons in 2022, up from 4.4 billion metric tons in 2021.

Additionally, the expansion of the steel industry is contributing to the demand for centrifugal blowers. Industries such as automobiles, railways, and construction rely heavily on steel materials. In the steel sector, various metals, both pure and alloyed, are used to shape thin sheets, tubes, and semi-finished products. This intricate and energy-intensive process necessitates substantial ventilation systems and energy-intensive equipment. Consequently, steel plants require a range of industrial fans and blowers for tasks such as drying and heating ore pellets, eliminating waste gases, managing small dust particles, supplying combustion air for coke burning, expelling waste by-products, and cooling products.

Nevertheless, maintaining and operating blowers can lead to potential issues, and improper maintenance may even halt the entire manufacturing line. Fan systems, being mechanical equipment, require regular upkeep to ensure their proper functioning. If the system does not receive clean air, airborne contaminants could trigger system failures. This intricate and costly maintenance process has the potential to hinder the growth of the studied market.

US Centrifugal Blower Market is poised to grow at a sustainable CAGR for the next forecast year.

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Centrifugal Blower Market size was valued at USD 3.14 billion in 2022 and is poised to grow from USD 3.28 billion in 2023 to USD 4.67 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024- 2031).

The competitive landscape of the centrifugal blower market is characterized by a diverse mix of manufacturers vying for market share. The industry accommodates both established players and emerging entrants, contributing to a dynamic and competitive environment. Leading manufacturers such as Atlas Copco, Alfotech Fans, KAESER KOMPRESSOREN, HSI Blower, and Airmake Cooling Systems command significant market presence with their extensive product portfolios and established customer bases. 'Atlas Copco (Sweden)', 'Alfotech Fans (India)', 'KAESER KOMPRESSOREN (Germany)', 'HSI Blower (United States)', 'Airmake Cooling Systems (India)', 'Aerotech Equipments and Projects Pvt. Ltd. (India)', 'CLEANTEK (India)', 'Atlantic Blower (United States)', 'SPENCER (United States)', 'New York Blower Company (United States)', 'Elektror Airsystems (Germany)', 'Xianrun Blower (China)', 'Ebac Industrial Products (United Kingdom)', 'Huadong Blower (China)', 'Chicago Blower Corporation (United States)', 'Dresser Roots (United States)', 'Piller Blowers & Compressors (Germany)', 'Cincinnati Fan (United States)', 'Howden Group (United Kingdom)', 'Hoffman & Lamson (United States)'

Rapid urbanization and industrialization across various sectors such as construction, manufacturing, and energy have led to an increased demand for centrifugal blowers in applications like ventilation, air circulation, and material handling.

Industry 4.0 Integration: Integration of Industry 4.0 technologies, such as sensors, IoT connectivity, and predictive maintenance, is becoming more prevalent in centrifugal blower systems, enabling real-time monitoring and performance optimization.

Europe will account for a demand of approximately 750 thousand units. This growth in demand is underpinned by notable improvements in business conditions within the European construction sector, particularly evident since 2022. This positive trend is primarily attributed to a combination of factors, including a high level of business and consumer sentiment, marked improvements in budget deficits, and enhanced access to financial resources in various European nations. These favorable circumstances have facilitated governments' ability to increase investments in public construction endeavors.

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Global Centrifugal Blower Market

Report ID: SQMIG20H2029

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