Centrifugal Blower Market by Revenue, Key Companies, Segmentations and Forecast to 2024
MarketStudyReport.com present the report on global Centrifugal Blower Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.
Centrifugal Blowers Market is forecast to exceed USD 4.0 billion. North America centrifugal blowers market is anticipated to witness gains of more than 4% by 2024. This is attributed to strong product demand from mining, power, chemical, steel plant and various other end-user industries. Strong growth in the mining industry in the U.S. is primarily due to strong coal demand in order to achieve significant gains to the overall centrifugal blowers Market by 2024.
This report focuses on the top Manufacturers and players in global market are given bellow:-
Huadong Blowers, Vishwakarma Air Systems, Alfotech Fans, CLEANTEK, Kaeser Kompressoren, GP Motors, Trimech India and HSI Blowers
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Centrifugal Blower Market Size By Pressure (High, Medium, Low)
By End-user (Cement Plant, Steel Plant, Mining, Power Station, Chemical, Pulp & Paper)
Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE)
Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024
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Strong growth indicators in Asia Pacific economy has led to progression in the construction business mainly in China, India and Japan. The aforementioned trend has led to progression in the equipment demand from cement and steel plants for eliminating left-over gases and circulating air. Moreover, product is widely used across steel plants for attaining uniform temperature inside ovens. Additionally, growing population in the region is also responsible for strong growth in the food industry, which is likely to have a subsequent influence on the overall centrifugal blowers Market by 2024. For instance, the food industry in the region is projected to rise at a CAGR of more than 6% by 2024. Low pressure-based product is used for drying moisture content from raw food materials in the food industry which will make distinguished contribution to centrifugal blowers Market by 2024.
Substantial manufacturing and service cost is a major factor likely to hinder the centrifugal blowers Market by 2024. However, major industry players are making consistent efforts to improve the product operational features by increasing its energy effectiveness and reducing cost. It will help generate plentiful opportunities for the centrifugal blowers Market by 2024.
Medium pressure centrifugal blowers market share accounted for over 15% of the total industry share in 2017. It is usually used for operations where there is medium air flow and medium resistance. These equipment generates pressure of up to 17,500 Pa. Product falling in this category are applicable in power stations for supplying air, fuel combustion to attain uniform furnace temperature. Rising demand for power generation for industrial applications will boost product demand and in turn will have positive impact on the global centrifugal blowers Market by 2024.
Centrifugal blowers Market for chemical industry was valued more than USD 300 million in 2017. These products are widely applicable across chemical industry for exhausting corrosive, high temperature or hazardous gases from the plants. Moreover, these equipment plays significant role to evaporate fluid or water content in chemical substances. Positive growth trends in the chemical industry will benefit in attaining considerable gains to the overall centrifugal blowers Market by 2024.
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