Global Centrifugal Blower Market to be Driven by the Increasing Investments in Research and Development (R&D) to Create More Efficient Centrifugal Fans in the Forecast Period of 2021-2026.
The new report by Expert Market Research titled, ‘Global Centrifugal Blower Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, gives an in-depth analysis of the Global Centrifugal Blower Market, assessing the market based on its segments like pressure types, end users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 4.0%
Increased investment in research and development (R&D) to develop more efficient centrifugal fans is propelling the industry forward. Furthermore, blowers with lower power consumption, improved efficiency, and longer bearing life propel the industry forward. Furthermore, the advent of various compact and space-saving blowers with low airflow and high static pressure is moving the industry forward. Centrifugal fans are widely employed in the thriving food and beverage business, accelerating industry expansion by assisting in processing, storing, cooling, drying, and heating to ensure complete, safe, smooth, and efficient working food systems.
Centrifugal blowers are used in the cement manufacturing process to move iron ore, calcium carbonate, alumina, and silica for further usage and shipment, promoting industry growth. Furthermore, centrifugal fans with radial blade types are employed in the wood sector to drive dust particles through the fan. Furthermore, high-pressure centrifugal blowers are widely employed in conveying applications in small factories and in heavy industries, which is fueling market expansion. Furthermore, the blowers' pollution-reduction properties make them excellent for air pollution and filtration systems, boosting the market growth.
Industry Definition and Major Segments
A centrifugal blower, also known as a centrifugal fan, is a pump or engine that draws air into it and then pushes it out at a 90° angle. It transports materials in the form of fine particles via ducts and tapes and provides cooling and blow-off air.
Based on pressure type, the centrifugal blower can be segmented into:
- High Pressure
- Medium Pressure
- Low Pressure
Based on its end users the market can be divided into:
Based on major regions, the market can bifurcated into:
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
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Market Trends
Centrifugal blowers may provide highly efficient energy and be used in substantial air systems, moving the market forward. Furthermore, they are low-maintenance and long-lasting, making them suited for daily usage in corrosive and erosive settings. They can process various air conditions, including dry, clean, and wet air, because they allow different airflows and pressure combinations. The benefits of centrifugal blowers are having a beneficial impact on market growth. Furthermore, increased mining activities in North America and Europe drive up demand for centrifugal blowers, boosting market expansion even further. Due to their ability to boost air pressure, centrifugal blowers are utilised in various mining applications such as tunnels, ducts, channels, and pipes, resulting in market expansion.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The Asia Pacific region's rapid industrialisation is driving up demand for centrifugal blowers in various industries, including pharmaceuticals, food & beverage, and manufacturing, to name a few. Furthermore, the region's expansion of numerous cement and steel facilities is encouraging market growth. The building and infrastructure industries are experiencing strong growth, driving up demand for cement and other raw materials, boosting the market growth.
Key Market Players
The major players in the market are Atlas Copco, Howden Group, Vishwakarma Air Systems, Airmake Cooling Systems, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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