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Global Centrifugal Blower Market to reach USD 3.94 billion by the end of 2029.

Global Centrifugal Blower Market Size study & Forecast, by Pressure (High Pressure, Medium Pressure, Low Pressure) By End-user (Mining, Cement, Pulp & Paper, Others) and Regional Analysis, 2022-2029

Product Code: OIRIGS-54903737
Publish Date: 15-05-2023
Page: 200

Global Centrifugal Blower Market is valued approximately USD 2.86 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.1% over the forecast period 2022-2029. Centrifugal blowers are common industrial tools for high-pressure applications. They are used in the processing industry as an important component of air pollution control systems. The Centrifugal Blower market is expanding because of factors such as rapidly growing construction industry and increasing demand from the power and mining industry.

Centrifugal blowers come in a variety of configurations, including airflow capacity, exhaust type, air compressor measurements, and air. As the centrifugal blowers can be customized and adjusted to suit any industrial application. Its prevalence has progressively increased during the last few decades. According to the Statista, the size of the construction market amounted to USD 6.4 trillion in 2020, and it is expected to reach USD 14.4 trillion in 2030. Furthermore, the value of overall construction output in the United States grew by over USD 166 billion in 2022. According to the World Bank Group, the global value added by mining, manufacturing, construction, electricity, water, and gas industry is USD 26.63 trillion in 2021. Another important component driving space increase is demand from power and mining industry. According to Statista, The top 40 mining companies in 2021 accounts total revenue of approximately 925 billion US dollars. In which Glencore was the world’s leading mining company in terms of revenue as of 2021. In addition, as per power, the global electricity generation has increased significantly, rising from less than 12,000 terawatt-hours in 1990 to nearly 28,500 terawatt-hours in 2021. Also, rising technological advancement in blowers and growing food industry would create a lucrative growth prospectus for the market over the forecast period. However, high production and maintenance cost of centrifugal blower stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Centrifugal Blower Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising demand from the commercial and industrial sectors. According to the Statista, in 2021 the private sector construction spending experienced a positive trend as the value of new private construction surpassed USD 1.4 trillion. Furthermore, Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising construction industry in the region and active participation of government organizations in the market space.

Major market player included in this report are:

Atlantic Blowers, LLC
Trimech Engineers Pvt. Ltd
Air Control Industries Ltd
AIRAP Group
Engicon Airtech Pvt. Ltd
Howden Group
Airmake Cooling Systems
Aspirnova Industry S.r.l
Atlas Copco AB
Shandong Huadong Blower Co., Ltd

Recent Developments in the Market:
Ø In January 2023, Howden Group Holdings completed the acquisition of TigerRisk Partners and now called Howden Tiger. TigerRisk has been the standout business and innovator in the reinsurance and capital markets.

Global Centrifugal Blower Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Pressure, End-user, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Pressure
High Pressure
Medium Pressure
Low Pressure

By End-user
Mining
Cement
Pulp & Paper
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Centrifugal Blower Market, by Region, 2019-2029 (USD Billion)
1.2.2. Centrifugal Blower Market, by Pressure, 2019-2029 (USD Billion)
1.2.3. Centrifugal Blower Market, by End-user, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Centrifugal Blower Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Centrifugal Blower Market Dynamics
3.1. Centrifugal Blower Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Rapidly growing construction industry
3.1.1.2. Growing demand from power and mining industry
3.1.2. Market Challenges
3.1.2.1. High production and maintenance cost of Centrifugal Blower

3.1.3. Market Opportunities
3.1.3.1. Rising technological advancement in blowers
3.1.3.2. Growing food industry
Chapter 4. Global Centrifugal Blower Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Centrifugal Blower Market, by Pressure
6.1. Market Snapshot
6.2. Global Centrifugal Blower Market by Pressure, Performance – Potential Analysis
6.3. Global Centrifugal Blower Market Estimates & Forecasts by Pressure 2019-2029 (USD Billion)
6.4. Centrifugal Blower Market, Sub Segment Analysis
6.4.1. High Pressure
6.4.2. Medium Pressure
6.4.3. Low Pressure

Chapter 7. Global Centrifugal Blower Market, by End-user
7.1. Market Snapshot
7.2. Global Centrifugal Blower Market by End-user, Performance – Potential Analysis
7.3. Global Centrifugal Blower Market Estimates & Forecasts by End-user 2019-2029 (USD Billion)
7.4. Centrifugal Blower Market, Sub Segment Analysis
7.4.1. Mining
7.4.2. Cement
7.4.3. Pulp & Paper
7.4.4. Others
Global Centrifugal Blower Market, Regional Analysis
7.5. Centrifugal Blower Market, Regional Market Snapshot
7.6. North America Centrifugal Blower Market
7.6.1. U.S. Centrifugal Blower Market
7.6.1.1. Pressure breakdown estimates & forecasts, 2019-2029
7.6.1.2. End-user breakdown estimates & forecasts, 2019-2029
7.6.2. Canada Centrifugal Blower Market
7.7. Europe Centrifugal Blower Market Snapshot
7.7.1. U.K. Centrifugal Blower Market
7.7.2. Germany Centrifugal Blower Market
7.7.3. France Centrifugal Blower Market
7.7.4. Spain Centrifugal Blower Market
7.7.5. Italy Centrifugal Blower Market
7.7.6. Rest of Europe Centrifugal Blower Market
7.8. Asia-Pacific Centrifugal Blower Market Snapshot
7.8.1. China Centrifugal Blower Market
7.8.2. India Centrifugal Blower Market
7.8.3. Japan Centrifugal Blower Market
7.8.4. Australia Centrifugal Blower Market
7.8.5. South Korea Centrifugal Blower Market
7.8.6. Rest of Asia Pacific Centrifugal Blower Market
7.9. Latin America Centrifugal Blower Market Snapshot
7.9.1. Brazil Centrifugal Blower Market
7.9.2. Mexico Centrifugal Blower Market
7.9.3. Rest of Latin America Centrifugal Blower Market
7.10. Rest of The World Centrifugal Blower Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Atlantic Blowers, LLC
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Trimech Engineers Pvt. Ltd
8.2.3. Air Control Industries Ltd
8.2.4. AIRAP Group
8.2.5. Engicon Airtech Pvt. Ltd
8.2.6. Howden Group
8.2.7. Airmake Cooling Systems
8.2.8. Aspirnova Industry S.r.l
8.2.9. Atlas Copco AB
8.2.10. Shandong Huadong Blower Co., Ltd

Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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