Centrifugal Blowers Market size is forecast to exceed USD 3.5 billion by 2028, according to a new research report by Global Market Insights Inc.
Robust cement consumption in Asia Pacific for building and construction purposes will emphatically affect the centrifugal blower industry growth. Governments in the region have been making significant ventures in key infrastructure development projects to support their economies, which will distinctly affect cement usage.
Moreover, rising blower demand from the power & mining industries in Europe and the U.S. will be a key contributor to the market demand. Additionally, a swift rise in the Middle East construction industry will prompt product usage across steel & cement plants.
Steel consumption in established nations rose by 1.8% in 2018 and slowed down to 1.1% in 2019. The standpoint for steel interest in the U.S. stays vigorous with the backing of solid financial fundamentals such as solid investment and utilization due to rising income, low-interest rates & high confidence. This rise in steel usage in the housing and infrastructure sectors will directly boost steel production on a global scale. This surge in steel production will prominently give rise to centrifugal blower production and demand globally.
Get more details on this report - Request Free Sample PDF
The maintenance of blowers can create issues and if not done properly, can stop the whole manufacturing line. Having too much airflow can be counterproductive in some industrial applications and may drive up the energy consumption cost. Fan systems are mechanical equipment that require maintenance to ensure proper working. During operations, care should be taken that only clean air is passed through the system as contaminants can cause a system failure. This expensive and complicated mode of maintenance can hamper the industry.
Browse key industry insights spread across 300 pages with 265 market data tables & 33 figures & charts from the report, “Centrifugal Blower Market Size By Pressure (High, Medium, Low), By End-user (Cement Plant, Steel Plant, Mining, Power Station, Chemical, Pulp & Paper), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028”, in detail along with the table of contents:
Medium-pressure centrifugal blowers segment is anticipated to rise at a significant growth rate of about 4% through 2028. Medium-pressure centrifugal blowers witness major demand from the cement industry. Therefore, a surge in cement production will also increase the medium pressure blowers adoption. Over a five-year period, cement demand is projected to increase at prominent rate, which is led by a pickup in affordable housing, a rise in government spending on infrastructure activities, and healthy rural housing demand.
Power stations are projected to garner a key market share
The centrifugal blowers market revenue from power station is estimated to register 4.2% gains till 2028. Power generation is one of the utmost vital components in infrastructure and decisive for the economic development & wellbeing of nations. The existence and development of suitable infrastructure are important for the constant growth of any economy.
North America is set to capture more than 20% of the revenue share by 2028. The U.S. has been a bright spot for cement producers as the demand for building materials grew through 2017 and is expected to continue in the future. Construction investments increased by 2.7% in 2017 with more growth in the residential and commercial sectors. The outlook is positive as the U.S. economic recovery is likely to continue, resulting in further growth in the demand for building materials. Recent developments in infrastructure projects will boost the demand for cement in the U.S.
The major centrifugal blowers manufacturers are Atlas Copco, Alfotech Fans, KAESER KOMPRESSOREN, HSI Blower, Airmake Cooling Systems, Aerotech Equipments and Projects Pvt. Ltd., CLEANTEK, Atlantic Blower and several more.