Centrifugal Blower Market Size, Incredible Possibilities, Growth Analysis and Forecast by end of 2028


Posted May 3, 2023 by abhigmi

The centrifugal blower market is estimated to grow significantly by 2028 primarily owing to rising product demand in cement production, petrochemicals, metal fabrication, and cryogenics.

 
The centrifugal blower market is estimated to grow significantly by 2028 primarily owing to rising product demand in cement production, petrochemicals, metal fabrication, and cryogenics.

Recently, burgeoning need for energy across virtually all industries globally has created an upsurge in the need for power producing units, such as nuclear power plants, coal power plants, thermal power plants, and hydro-power plants. These plants rely heavily on centrifugal fans and blowers to supply air for combustion and other types of heat transfers, which has been favorable for industry expansion.

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Furthermore, centrifugal blowers have gained massive popularity in a number of industries, such as food and drinks, construction, and mining, particularly due to their efficiency and durability. In addition, escalating product requirement in regions with a high volume of air or gas has bolstered market uptake. Notably, industry players have increasingly been investing in product development and innovation in order to gain a competitive edge in the centrifugal blower market, thereby enhancing overall business dynamics.



For instance, in June 2021, Indian Space Research Organization (ISRO), the national space agency of India, introduced the Ventilation Assist Unit (VaU), an ICU grade positive pressure mechanical ventilator that has been designed to assist or replace spontaneous breathing in patients suffering from respiratory distress. The VaU has been designed based on a centrifugal blower that pulls in filtered ambient air, compresses it, and delivers it to the patient to provide ventilation, which allows it to function without a compressed pneumatic source.

The centrifugal blower market has been segmented on the basis of pressure, end-user, and region. In terms of end-user, the centrifugal market has been divided into cement plant, pulp & paper, chemical, steel plant, power station, mining, others. The cement plant end-user segment is foreseen to observe significant growth to garner a revenue share of more than 10% by 2028. The proliferating construction industry and mounting demand for cement and minerals are estimated to spur the growth of the segment.

The steel plant end-user segment is anticipated to witness substantial growth by 2028, registering approximately 3.6% CAGR by the forecast timeframe. Centrifugal blowers are used in steel plants to tackle problems like high temperatures and to cater to the need for a high output situation, which is likely to fuel segmental development in the upcoming years.

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From the regional point of view, the Latin America centrifugal blower market is estimated to grow at a CAGR of over 3.7% through the forecast period. Meanwhile, the Middle East & Africa centrifugal blower industry held a volume share of around 7% in the overall market in 2021 and is projected to amass notable gains over 2022-2028.

Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Centrifugal blower industry 360° synopsis, 2018 – 2028
2.1.1 Business trends
2.1.2 Pressure by end-user trends
2.1.3 End-user trends
2.1.4 Regional trends
Chapter 3 Centrifugal Blowers Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2018 – 2028
3.3 Industry ecosystem analysis
3.4 Innovation & sustainability
3.5 Industry impact forces
3.5.1 Growth drivers
3.5.1.1 Rapidly growing construction industry in the Asia Pacific
3.5.1.2 Strong product demand from power and mining industry in the U.S.
3.5.1.3 Growing food industry in the Asia Pacific
3.5.2 Industry pitfalls & challenges
3.5.2.1 High production and maintenance cost
3.6 Regulatory landscape
3.7 Growth potential analysis
3.8 Competitive landscape, 2020
3.9 Porter’s analysis
3.10 Regional price trends
3.11 PESTEL Analysis
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/centrifugal-blower-market

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Issued By Abhishek
Country India
Categories Business , Industry , News
Tags centrifugal blower market analysis , centrifugal blower market by type , centrifugal blower market share , centrifugal blower market development , centrifugal blower market growth
Last Updated May 3, 2023