Centrifugal Blower Market Key Driving Factors and Challenges, Opportunities and Forecast Insights

By Rahul Varpe

The centrifugal blower market is estimated to grow significantly by 2028 primarily owing to rising product demand in cement production, petrochemicals, metal fabrication, and cryogenics.
Recently, burgeoning need for energy across virtually all industries globally has created an upsurge in the need for power producing units, such as nuclear power plants, coal power plants, thermal power plants, and hydro-power plants. These plants rely heavily on centrifugal fans and blowers to supply air for combustion and other types of heat transfers, which has been favorable for industry expansion.
Furthermore, centrifugal blowers have gained massive popularity in a number of industries, such as food and drinks, construction, and mining, particularly due to their efficiency and durability. In addition, escalating product requirement in regions with a high volume of air or gas has bolstered market uptake. Notably, industry players have increasingly been investing in product development and innovation in order to gain a competitive edge in the centrifugal blower market, thereby enhancing overall business dynamics.
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For instance, in June 2021, Indian Space Research Organization (ISRO), the national space agency of India, introduced the Ventilation Assist Unit (VaU), an ICU grade positive pressure mechanical ventilator that has been designed to assist or replace spontaneous breathing in patients suffering from respiratory distress. The VaU has been designed based on a centrifugal blower that pulls in filtered ambient air, compresses it, and delivers it to the patient to provide ventilation, which allows it to function without a compressed pneumatic source.
The centrifugal blower market has been segmented on the basis of pressure, end-user, and region. In terms of end-user, the centrifugal market has been divided into cement plant, pulp & paper, chemical, steel plant, power station, mining, others. The cement plant end-user segment is foreseen to observe significant growth to garner a revenue share of more than 10% by 2028. The proliferating construction industry and mounting demand for cement and minerals are estimated to spur the growth of the segment.
The steel plant end-user segment is anticipated to witness substantial growth by 2028, registering approximately 3.6% CAGR by the forecast timeframe. Centrifugal blowers are used in steel plants to tackle problems like high temperatures and to cater to the need for a high output situation, which is likely to fuel segmental development in the upcoming years.
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From the regional point of view, the Latin America centrifugal blower market is estimated to grow at a CAGR of over 3.7% through the forecast period. Meanwhile, the Middle East & Africa centrifugal blower industry held a volume share of around 7% in the overall market in 2021 and is projected to amass notable gains over 2022-2028.
Table of Contents
Chapter 1 Methodology And Scope
    	
  • 1.1 Methodology	
      		
    • 1.1.1 Initial data exploration
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    • 1.1.2 Statistical model and forecast
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    • 1.1.3 Industry insights and validation
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    • 1.1.4 Definitions & forecast parameters		
        			
      • 1.1.4.1 Definitions
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      • 1.1.4.2 Forecast parameters
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    • 1.1.5 COVID-19 impact calculations on industry forecast
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  • 1.2 Data sources	
      		
    • 1.2.1 Primary sources
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    • 1.2.2 Secondary sources
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Chapter 2 Executive Summary
    	
  • 2.1 Centrifugal blower industry 360 degree synopsis, 2018 - 2028	
      		
    • 2.1.1 Business trends
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    • 2.1.2 Pressure by end-user trends
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    • 2.1.3 End-user trends
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    • 2.1.4 Regional trends
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Chapter 3 Centrifugal Blowers Industry Insights
    	
  • 3.1 Industry segmentation	
      		
    • 3.1.1 COVID-19 impact on industry landscape
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  • 3.2 Industry size and forecast, 2018 - 2028
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  • 3.3 Industry ecosystem analysis	
      		
    • 3.3.1 Raw material analysis
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    • 3.3.2 Manufacturing trends
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    • 3.3.3 Profit margin analysis
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    • 3.3.4 Value addition
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    • 3.3.5 Distributor channel analysis
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    • 3.3.6 COVID-19 impact on industry value chain
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    • 3.3.7 Vendor matrix		
        			
      • 3.3.7.1 List of key component/suppliers
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      • 3.3.7.2 List of key/potential customers
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  • 3.4 Innovation & sustainability	
      		
    • 3.4.1 Patent analysis
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    • 3.4.2 Technology landscape
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    • 3.4.3 Production process		
        			
      • 3.4.3.1 Comparison of manufacturing techniques
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    • 3.4.4 Future Trends
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  • 3.5 Industry impact forces	
      		
    • 3.5.1 Growth drivers		
        			
      • 3.5.1.1 Rapidly growing construction industry in the Asia Pacific
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      • 3.5.1.2 Strong product demand from power and mining industry in the U.S.
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      • 3.5.1.3 Growing food industry in the Asia Pacific
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    • 3.5.2 Industry pitfalls & challenges		
        			
      • 3.5.2.1 High production and maintenance cost
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  • 3.6 Regulatory landscape	
      		
    • 3.6.1 U.S.
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    • 3.6.2 Europe
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    • 3.6.3 China
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  • 3.7 Growth potential analysis
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  • 3.8 Competitive landscape, 2020	
      		
    • 3.8.1 Company market share analysis, 2020
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    • 3.8.2 Strategy dashboard
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  • 3.9 Porter's analysis	
      		
    • 3.9.1 Supplier Power
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    • 3.9.2 Buyer Power
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    • 3.9.3 Threat of New Entrants
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    • 3.9.4 Industry Rivalry
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    • 3.9.5 Threat of Substitutes
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  • 3.10 Regional price trends	
      		
    • 3.10.1 Cost structure analysis		
        			
      • 3.10.1.1 R&D Cost
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      • 3.10.1.2 Manufacturing and Equipment cost
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      • 3.10.1.3 Raw Material Cost
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      • 3.10.1.4 Distribution Cost
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      • 3.10.1.5 Operating Cost
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      • 3.10.1.6 Miscellaneous Cost
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    • 3.10.2 Price by pressure
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    • 3.10.3 Price by application
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  • 3.11 PESTEL Analysis
Chapter 4 Centrifugal Blower Market, Pressure By End-user
    	
  • 4.1 Global centrifugal blower market share by pressure, 2021 & 2028
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  • 4.2 High pressure	
      		
    • 4.2.1 Global market estimates and forecast, 2018 - 2028
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    • 4.2.2 Global market estimates and forecast, by end-user, 2018 - 2028
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    • 4.2.3 Global market estimates and forecast, by region, 2018 - 2028
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  • 4.3 Medium pressure	
      		
    • 4.3.1 Global market estimates and forecast, 2018 - 2028
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    • 4.3.2 Global market estimates and forecast, by end-user, 2018 - 2028
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    • 4.3.3 Global market estimates and forecast, by region, 2018 - 2028
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  • 4.4 Low pressure	
      		
    • 4.4.1 Global market estimates and forecast, 2018 - 2028
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    • 4.4.2 Global market estimates and forecast, by end-user, 2018 - 2028
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    • 4.4.3 Global market estimates and forecast, by region, 2018 - 2028
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About Author

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid...

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