Global Centrifugal Blowers Market Report 2021: Market to Reach $3.5 Billion by 2026 - Oil-Free Integrally Geared Centrifugal Blowers Set to Make Gains

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Nov 11, 2021, 11:45 ET

DUBLIN, Nov. 11, 2021 /PRNewswire/ -- The "Centrifugal Blowers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Centrifugal Blowers estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$3.5 Billion by 2026, growing at a CAGR of 3.9% over the analysis period.

High Pressure, one of the segments analyzed in the report, is projected to grow at a 4.2% CAGR to reach US$2.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Medium Pressure segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 22.7% share of the global Centrifugal Blowers market.

The U.S. Market is Estimated at $731.1 Million in 2021, While China is Forecast to Reach $553.8 Million by 2026

The Centrifugal Blowers market in the U.S. is estimated at US$731.1 Million in the year 2021. The country currently accounts for a 25.21% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$553.8 Million in the year 2026 trailing a CAGR of 5.8% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR while Rest of European market (as defined in the study) will reach US$586.5 Million by the close of the analysis period.

While weak investments and volatile industrial output will frustrate baseline growth in the industrial and manufacturing sector, manufacturing companies` efforts to reduce costs, transform, innovate, improve performance for better chances of survival in a tough economy, will open opportunities for new and replacement demand for innovative, high performance and energy efficient centrifugal blowers.

The market is also driven by the rising construction industry. Extensive plans for infrastructure development, of many countries, creates ample growth opportunity for the market for centrifugal blowers. Infrastructure development currently is in full swing in developing countries of Asia-Pacific.

Cement and steel production plants are also the major users of these blowers. The blowers are used for eliminating gases and maintaining consistent air flow and temperature. In cement production in particular, the blowers are used for moving calcium carbonate, silica, alumina and iron ore further in the processes.

Another important market growth promoting factor has been the constant effort of manufacturers for developing product design and incorporating better features. Adoption in the chemical industry would also increase significantly. The blowers here are used for exhausting high temperature, and harmful gases from chemical plants. The wood industry also has immense use of centrifugal blowers that blow off dust particles.

Product innovation and technology developments are geared towards achieving agility, efficiency and performance improvements. The United States is one of the major markets for centrifugal blowers due to the presence of huge steel, chemical, mining and power industries in the region.

Major players in the market constantly improve products for bolstering growth. The players are focused on creating blower designs which require less power and which are durable and provide greater work efficiency. In recent years, the increased focus on sustainability as well as achieving higher efficiency has led manufacturers of centrifugal blowers to make a substantial R&D investment towards developing low noise and cost-effective products that can help in optimizing the entire processing.

This has resulted in the development of oil-free, integrally-geared centrifugal turbo blowers, which offer enhanced energy efficiency and flow rates, resulting in an energy-efficient, reliable, and continuous air supply. In addition, these industrial blowers can be easily serviced that can help in reducing operational costs, while their oil-free design also facilitates in delivering clean and pure air.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
COVID-19 Impact on Blowers Market
Centrifugal Blowers: An Introduction
Types of Centrifugal Blowers
Based on Blade Design
Based on Pressure Generation Capacity
Single Stage and Multi-stage Centrifugal Blowers
Based on Blade Curvature
Working of Centrifugal Blowers
Key Advantages of Centrifugal Blowers
Market Outlook
Key Indicators Determining Future Growth
Geographic Market Analysis
Recent Market Activity
World Brands

2. FOCUS ON SELECT PLAYERS (Total 169 Featured)

Air Control Industries Ltd.
AIRAP Group
Aspirnova Industry S.r.l.
Cattin Filtration SAS
Euroventilatori International Srl
Howden Group Ltd.
HSI Blowers
Shandong Huadong Blower Co., Ltd

3. MARKET TRENDS & DRIVERS

Growing Focus on Increasing Renewal Energy Capacity to Drive Demand
Rising Environmental Concerns and Stringent Environmental Regulations Drive Blower Installations
Metal Processing Industries Present Volatile Opportunities
Steel Industry: Major Consumer of Centrifugal Blowers
Crushing Impact of COVID-19 on Steel Sector Diminishes Demand for Centrifugal Blowers
Positive Post Pandemic Prospects for Steel Industry to Revive Demand
China to Play Major Role in Post Pandemic Recovery in World Steel Sector
Pulp & Paper Industry Experiences Wild Ride amid COVID-19 Pandemic
Growth in the Food Processing Industry Benefits Demand for Centrifugal Blowers
Centrifugal Blowers: Highly Relevant in Coal-Fired Power Stations
Recovery in Cement Industry to Spur Near-term Growth
Regional Variances in Cement Demand
Slowdown in Mining Sector Impacts Demand for Centrifugal Blowers
Chemical Industry Opens New Growth Opportunities
Cost Pressures and Environmental Concerns Sustain Demand for Fans and Blowers in the Petrochemical Industry
Anticipated Robust Post Pandemic Revival in Power Sector to Augment Market Prospects
North America over the Period 2010-2030
Food & Beverages Sector Emerges as Niche End-Use Market
Review of Impact of COVID-19 on Food & Beverages Sector
Innovations & Advancements to Spur Market Growth
Recent Technological Advances in Blower Technology
Blower Advancements for the Wastewater Treatment Industry
Oil-Free Integrally Geared Centrifugal Blowers Set to Make Gains

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/dtt6jx

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