Product ID: SQMIG20H2029
Global Centrifugal Blower Market Size, Share, Growth Analysis, By Pressure(High, Medium), By End-User(Cement plant, Steel plant) - Industry Forecast 2024-2031
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.
Global Centrifugal Blower Market Report Snapshots
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