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Centrifugal Blower Market 2019 by Industry Trends, Growth Statistics and Regional Forecast to 2024

Sep 11, 2019 (AmericaNewsHour) --

Centrifugal Blower Market report is an all-inclusive document, compiled and designed to provide best-in-class research, insightful analysis and accurate quantitative data. The coverage of this research is the most extensive when compared to other similar studies available on Centrifugal Blower Market. The industry ecosystem information presented in this report is next-to-none and aims to address all stakeholders of the industry, irrespective of their size and business function. Details of segmentation and cross reporting structure, wherever feasible, makes this Centrifugal Blower Market research one of its kind to offer the most in-depth, readily available data.

Centrifugal blowers and their application in Europe region accounted for 30% of the global centrifugal blower market volume in 2017. The positive economic growth in the continent combined with a rise in product applications across sectors such as mining, chemical, pulp & paper, power, etc., has increased the demand for power in both industrial and domestic sectors, stimulating Europe centrifugal blower market trends. The rising demand for uninterrupted and clean power generation has also spurred the regional centrifugal blower industry size, given that medium and low pressure centrifugal blowers are used to supply air for furnace temperature maintenance and fuel combustion in power stations.

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Innovative product development plays a pivotal part in centrifugal blower market, as different industries use different designs of centrifugal fans with varied blade configurations in series and parallel arrangements for the desired pressure and volume. Depending on the design, the energy efficiency of the centrifugal blowers also varies, paving the way for market players to bring forth a burst of innovation in their product portfolio.

Centrifugal Blower Market in the recent years, has witnessed a steady growth rate due to the extensive product application in myriad industries subject to its uncomplicated design, efficiency and durability. The speed of air streams passing through can be efficiently regulated even with a simple centrifugal blower, quite overtly then, advanced blowers have found applications in mining, cement plants, and power stations - domains that demand a large movement of air or gas.

Centrifugal blower market by end-user:

  • Cement plant
  • Steel plant
  • Mining
  • Power station
  • Chemical
  • Pulp & paper
  • Others

Important pointers encompassed pertaining to the end-user spectrum:

  • Major details about the end-user spectrum are provided in the report.
  • The study elaborates on the remuneration forecast of each of the end-user categories by the end of the anticipated duration.
  • The market share which each of the end-user segments account are mentioned in the study.
  • Also, the most proliferating trends that the end-user spectrum is characterized by are also entailed.

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Mining industry alone accounted for 15% of the Centrifugal Blower Market share in 2017, driven by the fact that it requires continuous exhaust, cooling and ventilation in tunnels and underground passages. The rising demand for uninterrupted and clean power generation has also spurred the regional market size, given that medium and low pressure centrifugal blowers are used to supply air for furnace temperature maintenance and fuel combustion in power stations.

In a world where energy saving is taking up increased precedence, key players in the centrifugal blower market like Atlas Copco, Airmake Cooling Systems, HSI Blower, Cleantek, Aerotech Equipments and Projects Pvt. Ltd, Kaeser Kompressors, and Alfotech Fans have heavily invested in research and development programs. These players are not only vying for superiority in the market but also bringing more innovative products in the mainstream centrifugal blower industry that can keep up with more stringent regulations regarding energy conservation.

According to surveys, fans use approximately 40% of the energy required in HVAC systems. In Sweden, the ECiS AB measured the performance of 767 industrial fans in existing HVAC systems between the years 2005 and 2009 and figured that the energy efficiency of the fans is around 33%. A minor share of fans were endowed with an efficiency of 50% to 60% - far below the EU requirement for the energy efficiency of fans.

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Since January 2011 for instance, motors are required to have minimum efficiency classes that are established in the eco-design directive (based on the framework directive 2005/32/EC). In response, manufacturers have come to offer energy saving fans that not only fulfil the specified requirements but significantly exceed what is expected. Aided by their efforts, in conjunction with the rising number of energy efficiency policies, centrifugal blower market size is anticipated to surpass $4 billion by 2024.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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