Centrifugal Blower Market Size

Centrifugal Blower Market Size

Centrifugal Blower Market size exceeded USD 2.86 billion in 2021 and is poised to grow at a CAGR of over 4.1% from 2022 to 2028.

Expanding construction sector is the major factor fueling the industry growth. The global construction industry is likely to grasp USD 10.5 trillion by 2023. The accelerating growth in the construction output is primarily fueled by the pickup in infrastructural activities in advanced economies with combined growth in these markets rising to 2.7% compared to 2.0% in 2021. Furthermore, increasing infrastructural activities and rising housing starts due to growing urbanization and population are boosting the market demand. Rising demand for cement in the construction sector will also augment the product penetration.

Additionally, the rising energy demand will increase the demand for electricity generation in the U.S., which will propel the centrifugal blower market expansion. Presently, the U.S. is progressing into a promising competitive situation owing to the low cost of energy accessible to manufacturers. The U.S. manufacturing industry is expected to rise a few points more than its GDP. Therefore, even if it grows by 1.5% to 2% per year, there will be a much stronger scenario for industrial power demand.
 

The novel coronavirus has negatively impacted the overall supply chain. The COVID-19 crisis has impacted a wide range of activities such as raw material supply, selling & distributions, after-sales services, etc. Moreover, centrifugal blowers require space and are heavy while some blowers may weigh in tons. Oversized centrifugal blowers are a problem for some industries where space may be an issue. However, high production and maintenance costs by belt adjustment and motor used for driving blowers are obstructing the market statistics.