Market Size of Centrifugal Blowers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Centrifugal Blowers Market Analysis
The centrifugal blowers market is projected to register a CAGR of 4.5% during the forecast period. Rising government investments in critical infrastructure development projects and robust demand for rural housing are expected to support the growth of the studied market.
- Centrifugal blowers are industrial tools that are widely used for high-pressure applications. They are found in processing industries as an important element in air pollution control systems. An essential distinction between centrifugal blowers and other types of blowers or fans is their ability to provide airflow efficiently at a constant pressure. Centrifugal blowers offer several variations like airflow capacity, blower type, blower dimensions, and operating pressure. Regardless of the variations, centrifugal blowers can be customized and adapted to fit any kind of industrial application. The versatility of these blowers offers a significant advantage over other types of blowers.
- The increasing cement consumption for building and construction purposes is anticipated to significantly boost the centrifugal blowers' growth. According to US Geological Survey, the total volume of cement production worldwide totaled an estimated 4.4 billion metric tons in 2021, an increase from 4.2 billion metric tons in 2020.
- Furthermore, the growth in the steel industry is also augmenting the demand for centrifugal blowers. Several industries require steel materials like automobiles, railways, construction, etc. In the steel industry, various metals (pure or alloys) shape thin sheets, tubes, and semi-finished products. This process is variegated and complex, requiring significant energy and large-scale systems. Therefore a steel plant needs several industrial fans & blowers for multiple purposes like- drying & heating ore pellets, removing and cleaning waste gases, handling the undersized dust particles, providing combustion air to burn coke, exhausting waste by-products, cooling the product to remove heat, etc.
- However, the operational maintenance of blowers could create several issues and, if not done correctly, could stop the whole manufacturing line. Fan systems are mechanical equipment that needs maintenance to ensure proper working. If clean air is not passed through the system, then contaminants present in the air could cause a system failure. This expensive and complicated maintenance mode could hamper the studied market's growth.
- Further, geopolitical chaos and supply chain disruptions have impacted investor sentiment in today's stormy economic conditions and the challenges caused by the COVID-19 pandemic. Uncertainties in new project investment, apprehensions of low ROI, and increased operational expenses, particularly in the oil and gas upstream sector and the power generation, chemical process, and metals and mining industries, have affected centrifugal blower volume sales. These factors are expected to impede the growth of the studied market.
