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Centrifugal Blower Market is Projected to Grow over $4 Billion by 2024

Author : Rahul Varpe | Published Date : 2019-04-16 

Global Market Insights provides a detailed overview of Centrifugal Blower market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Centrifugal Blower market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Centrifugal Blower Market in the recent years, has witnessed a steady growth rate due to the extensive product application in myriad industries subject to its uncomplicated design, efficiency and durability. The speed of air streams passing through can be efficiently regulated even with a simple centrifugal blower, quite overtly then, advanced blowers have found applications in mining, cement plants, and power stations – domains that demand a large movement of air or gas.

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The mining industry alone accounted for 15% of the centrifugal blower market share in 2017, driven by the fact that it requires continuous exhaust, cooling and ventilation in tunnels and underground passages. The rising demand for uninterrupted and clean power generation has also spurred the regional centrifugal blower industry size, given that medium and low pressure centrifugal blowers are used to supply air for furnace temperature maintenance and fuel combustion in power stations.

It is noteworthy to mention that innovative product development plays a pivotal part in centrifugal blower market, as different industries use different designs of centrifugal fans with varied blade configurations in series and parallel arrangements for the desired pressure and volume. Depending on the design, the energy efficiency of the centrifugal blowers also varies, paving the way for market players to bring forth a burst of innovation in their product portfolio.

Speaking along the lines of centrifugal blowers and their application in Europe, it is worth mentioning that the region accounted for 30% of the market volume in 2017. The positive economic growth in the continent combined with a rise in product applications across sectors such as mining, chemical, pulp & paper, power, etc., has increased the demand for power in both industrial and domestic sectors, stimulating Europe centrifugal blower market trends.

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In a world where energy saving is taking up increased precedence, key players in the centrifugal blower industry like Atlas Copco, Airmake Cooling Systems, HSI Blower, Cleantek, Aerotech Equipments and Projects Pvt. Ltd, Kaeser Kompressors, and Alfotech Fans have heavily invested in research and development programs. These players are not only vying for superiority in the market but also bringing more innovative products in the mainstream centrifugal blower industry that can keep up with more stringent regulations regarding energy conservation.

Since January 2011 for instance, motors are required to have minimum efficiency classes that are established in the eco-design directive (based on the framework directive 2005/32/EC). In response, manufacturers have come to offer energy saving fans that not only fulfil the specified requirements but significantly exceed what is expected. Aided by their efforts, in conjunction with the rising number of energy efficiency policies, centrifugal blower market size is anticipated to surpass $4 billion by 2024.

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Related News: https://www.marketwatch.com/press-release/high-speed-blowers-market-analysis-and-forecast-till-2024-by-segmentation-application-industry-sector-and-growth-prospects-2019-04-15

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. 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 reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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