USD 3.14 billion
Global Centrifugal Blower Market Size, Share, Growth Analysis, By Pressure(High, Medium), By End-User(Cement plant, Steel plant) - Industry Forecast 2023-2030
Report ID:
SQMIG20H2029 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
67 |
Figures:
75
Global 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.
Market snapshot - 2024- 2031
Global Market Size
Largest Segment
High
Fastest Growth
High
Growth Rate
4.5% CAGR
Global Centrifugal Blower Market ($ Bn)
Country Share for Europe Region (%)
Global Centrifugal Blower Market By Pressure ($ Bn)
Global Centrifugal Blower Market By Pressure (%)
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Global Centrifugal Blower Market Segmental Analysis
The global centrifugal blower market is segmented on the basis of pressure, end – user, region. By pressure, the market is segmented into high, medium, low. By end -user, the market is segmented into cement plants, steel plants, mining, power stations, chemical, pulp & paper, and others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Centrifugal Blower Market Analysis By Pressure
The high-pressure centrifugal blower market is anticipated to dominate with a substantial share of approximately 60%. Their exceptional capacity to operate effectively under extreme pressure conditions positions them as indispensable tools for enduring high-demand operations necessitating robust pressure utilities. These blowers find widespread application across a range of industries, including steel, cement, pulp and paper, chemical, and mining.
However, it's important to acknowledge that the medium and low-pressure blowers also hold a significant position in the market, albeit secondary to their high-pressure counterparts. Each category of blowers—high, medium, and low pressure—brings its own unique insights, advantages, and disadvantages to the table, catering to distinct industrial requirements. This diversified range of blowers allows industries to choose the most suitable option based on their specific operational demands, further enhancing their efficiency and performance.
Centrifugal Blower Market Analysis By End -User
Anticipated to reach approximately USD 750 million in revenue, the centrifugal blower market within the pulp and paper industry is poised for significant growth. Within the global economy, the pulp and paper sector occupies a substantial and expanding space, contributing significantly to various economies. This industry holds the distinction of being among the largest, with its influence largely concentrated in organizations based in Northern Europe, North America, and East Asia.
The increasing revenue projection for the centrifugal blower market within the pulp and paper sector aligns with the industry's commitment to growth and adaptation, underpinned by a sustainable and environmentally conscious approach. As the demand for pulp and paper products continues to rise, so does the need for efficient and effective systems, such as centrifugal blowers, that support the industry's operations while minimizing their ecological footprint.
Global Centrifugal Blower Market By Pressure, 2022 (%)
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Global Centrifugal Blower Market Regional Insights
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.
The upsurge in housing consumption within Europe is expected to be driven by robust consumer confidence, reflecting a strong willingness to invest in real estate. Additionally, the influx of migrants into the region will contribute to the demand for new housing services. This collective dynamic, bolstered by Europe's healthy GDP, is set to fuel the consumption of steel and related industry products. The construction sector, being a major consumer of steel, will experience a consequential uptick in its requirements.
In the Asia Pacific region, rapid urbanization and industrialization have acted as catalysts for growth in the construction industry. This, in turn, is expected to drive the demand for centrifugal blowers, particularly within steel and cement plants. High-pressure centrifugal blowers find utility in various aspects, including storage and blending areas, as well as in the handling of additives and chemicals. Furthermore, these blowers play a pivotal role in conveying the raw materials essential for cement manufacturing processes. This confluence of factors points towards a substantial growth trajectory for centrifugal blowers in the Asia Pacific region.
Global Centrifugal Blower Market By Geography, 2024- 2031
- Largest
- Fastest
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Global Centrifugal Blower Market Dynamics
Centrifugal Blower Market Drivers
Industrial Growth and Urbanization
- 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.
Infrastructure Development
- Infrastructure projects, including commercial and residential buildings, roads, bridges, and transportation systems, require efficient ventilation and air circulation systems, driving the demand for centrifugal blowers.
Energy Efficiency Regulations
- Stringent energy efficiency regulations and environmental standards have prompted industries to adopt more efficient ventilation and exhaust systems, leading to the adoption of centrifugal blowers.
Centrifugal Blower Market Restraints
Maintenance Challenges
- Centrifugal blowers require regular maintenance to ensure optimal performance. The complexity of maintenance and potential downtime for critical applications can pose challenges for industries.
High Initial Costs
- The initial investment required for purchasing and installing centrifugal blowers, along with necessary ductwork and controls, can be substantial, deterring some potential buyers.
Economic Volatility
- Fluctuations in the global economy can impact industrial spending on equipment such as centrifugal blowers, leading to periods of reduced demand.
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Global Centrifugal Blower Market Competitive Landscape
The competitive landscape of the global 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.
Innovation and technological advancements play a pivotal role in shaping the competitive dynamics. Manufacturers are investing in research and development to introduce more energy-efficient, quieter, and durable centrifugal blower solutions, catering to various industry needs. Customization and modular offerings are gaining traction as industries seek tailored solutions for their specific applications.
Centrifugal Blower Market Top Player’s Company Profiles
- 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)
Centrifugal Blower Market Recent Developments
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In January 2024, JetSetGo finished a $1.3 billion deal in Hyderabad to secure 280 hybrid electric airplanes. The agreements incorporate extra choices to secure more airplanes, possibly extending the armada size to 280 and expanding the all-out bargain worth more than $1.3 billion.
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In January 2024, JetSetGo, India's pioneering commercial center for personal luxury plane and helicopter charters and a prominent fleet operator, uncovered strategic collaborations with three regarded global aviation technology firms—Electra.aero, Horizon Aircraft, and Overair. These partnerships expect to present Advanced Air Portability (AAM) solutions for India. The declaration occurred at the debut AAM gathering facilitated at Begumpet Air Terminal.
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In March 2024, Emirates found a strategic way to reinforce its global network by framing alliances with Icelandair and travel technology expert GO7. The Memorandums of Understanding (MoUs) signed with these partners mean to escalate business participation, further develop availability, and offer travelers smoother journey choices across Europe and beyond.
Global Centrifugal Blower Key Market Trends
- 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.
- Demand for Energy Efficiency: Increasing awareness of energy conservation is driving the demand for energy-efficient centrifugal blowers that consume less power and contribute to cost savings over the long term.
- Focus on Noise Reduction: Noise reduction has gained importance as industries aim to create quieter work environments. Centrifugal blower manufacturers are developing technologies to reduce operational noise levels.
Global Centrifugal Blower Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global centrifugal blower market analysis, the global centrifugal blower market is poised for substantial growth driven by factors such as rapid industrialization, infrastructure development, and increasing focus on energy efficiency. The integration of Industry 4.0 technologies and the emphasis on sustainable practices are reshaping the market landscape. While the industry's fragmentation fosters intense competition, it also promotes specialization and localized solutions. As economies worldwide emphasize eco-friendly practices and stricter regulations, manufacturers are striving to balance performance with environmental considerations.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.14 billion |
| Market size value in 2031 | USD 4.67 billion |
| Growth Rate | 4.5% |
| Base year | 2022 |
| Forecast period | 2024- 2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Centrifugal Blower Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Centrifugal Blower Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Centrifugal Blower Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Centrifugal Blower Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Centrifugal Blower Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Centrifugal Blower Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Centrifugal Blower Market Report Snapshots
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