By 2028, the global centrifugal blower market size will have reached $3.5 billion or more, driven by the renewed investments toward mining projects across Asia Pacific and North America. Recently, the U.S. administration announced a fresh $750 million funding initiative for mining, processing, and recycling of battery metals including lithium, manganese, cobalt, and nickel. The Defense Production Act will spur expansion activities across the mining sector, enhancing product use from the domestic industries.
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As governments worldwide introduce measures to streamline battery-metals industry, the global centrifugal blower market outlook will remain optimistic over 2022-2028 with consistent mining sector applications. Speculations suggest that Canada’s upcoming federal budget will include a strong investment of about $1.6 billion toward a strategy that aims to accelerate production and processing of metals used in EV batteries.
Multistage centrifugal blower technology is becoming popular among petrochemical companies because these units are known for their ability to perform under extreme conditions with optimum efficiency. With employee safety norms becoming more prominent across American and European countries, safety of operation has garnered considerable attention from industry participants. Manufacturers have been complying to API 617, ATEX, and similar mandates, helping companies protect their workers amidst demanding environments.
Over the next few years, the industry is expected to see a slew of innovative product lines. To strengthen their presence worldwide, legacy brands will enhance their R&D toward technologically advanced systems. Top brands are already ahead of their game due to their strong portfolios.
Atlas Copco offers a wide range of industrial blowers. ZM oil-free multistage centrifugal blower is one of the noteworthy products in the company's portfolio. It offers extraordinary reliability in adverse operational conditions and environments, catering to the needs of both vacuum as well as pressure applications of gas and air. Other manufacturers are competing with the variable speed drive (VSD) technology offered by the manufacturer. An extensive range of configurations and accessories help achieve product versatility, thereby adapting to a plethora of applications.
Thermal power plants require centrifugal fans and blowers for supplying air needed in combustion, fuel delivery, and exhaustion and circulation of gases for optimum heat transfer. Development of innovative thermal storage systems is pushing the centrifugal blower market share from power station applications.
Ongoing inflow of investments towards steel is powering India centrifugal blower market forecast. In April 2022, ArcelorMittal Nippon Steel India revealed its plan to construct advanced steel processing lines in Gujarat, under its expansion plan worth nearly 8,500 crore rupees.
With the aim to deliver value added products, the upcoming cold rolling mill (CRM) is expected to be commissioned by 2024 at the Essar Steel plant in Hazire for delivering new-age value-added steel. These high -quality products will cater to the spiraling demands for superior standards in steel applications of centrifugal blowers, reducing India’s dependence on steel imports over the forthcoming years.
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Some Point from Table of Contents:
Chapter 4 Centrifugal Blower Market, Pressure By End-user
4.1 Global centrifugal blower market share by pressure, 2021 & 2028
4.2 High pressure
4.2.1 Global market estimates and forecast, 2018 – 2028
4.2.2 Global market estimates and forecast, by end-user, 2018 – 2028
4.2.3 Global market estimates and forecast, by region, 2018 – 2028
4.3 Medium pressure
4.3.1 Global market estimates and forecast, 2018 – 2028
4.3.2 Global market estimates and forecast, by end-user, 2018 – 2028
4.3.3 Global market estimates and forecast, by region, 2018 – 2028
4.4 Low pressure
4.4.1 Global market estimates and forecast, 2018 – 2028
4.4.2 Global market estimates and forecast, by end-user, 2018 – 2028
4.4.3 Global market estimates and forecast, by region, 2018 – 2028
Chapter 5 Centrifugal Blower Market, By End-User
5.1 Global centrifugal blower market share by end-user, 2021 & 2028
5.2 Cement plant
5.2.1 Global market estimates and forecast, 2018 – 2028
5.2.2 Global market estimates and forecast, by region, 2018 – 2028
5.3 Steel plant
5.3.1 Global market estimates and forecast, 2018 – 2028
5.3.2 Global market estimates and forecast, by region, 2018 – 2028
5.4 Mining
5.4.1 Global market estimates and forecast, 2018 – 2028
5.4.2 Global market estimates and forecast, by region, 2018 – 2028
5.5 Power station
5.5.1 Global market estimates and forecast, 2018 – 2028
5.5.2 Global market estimates and forecast, by region, 2018 – 2028
5.6 Chemical
5.6.1 Global market estimates and forecast, 2018 – 2028
5.6.2 Global market estimates and forecast, by region, 2018 – 2028
5.7 Pulp & paper
5.7.1 Global market estimates and forecast, 2018 – 2028
5.7.2 Global market estimates and forecast, by region, 2018 – 2028
5.8 Other end-users
5.8.1 Global market estimates and forecast, 2018 – 2028
5.8.2 Global market estimates and forecast, by region, 2018 – 2028
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