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Centrifugal Blower Market is anticipated to exhibit moderate growth during 2019 - 2024

Author : Rahul Varpe | Published Date : 2019-10-02 

The Centrifugal Blower market study drafted by Global Market Insights delivers a concise outline regarding the potential factors likely to drive the revenue growth of this industry. The report delivers valuable insights on market revenue, SWOT Analysis, market share, profit estimation and regional landscape of this business vertical. Moreover, the report focuses on significant growth factors and obstacles accepted by market leaders in the Centrifugal Blower market.

Strong growth indicators in Asia Pacific economy has led to progression in the construction business mainly in China, India and Japan. The aforementioned trend has led to progression in the equipment demand from cement and steel plants for eliminating left-over gases and circulating air. Moreover, product is widely used across steel plants for attaining uniform temperature inside ovens.

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North America Centrifugal blower market is anticipated to witness gains of more than 4% by 2024. This is attributed to strong product demand from mining, power, chemical, steel plant and various other end-user industries. Strong growth in the mining industry in the U.S. is primarily due to strong coal demand in order to achieve significant gains to the overall centrifugal blowers market by 2024. Product is widely used for cooling, ventilation or exhaust gas system in the mining industry.

Medium pressure centrifugal blower market share accounted for over 15% of the total industry share in 2017. It is usually used for operations where there is medium air flow and medium resistance. These equipment generates pressure of up to 17,500 Pa. Product falling in this category are applicable in power stations for supplying air, fuel combustion to attain uniform furnace temperature. Rising demand for power generation for industrial applications will boost product demand and in turn will have positive impact on the global centrifugal blower market by 2024.

Centrifugal blower market by end-user:

  1. Cement plant
  2. Steel plant
  3. Mining
  4. Power station
  5. Chemical
  6. Pulp & paper
  7. Others

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Centrifugal blower Market for chemical industry was valued more than USD 300 million in 2017. These products are widely applicable across chemical industry for exhausting corrosive, high temperature or hazardous gases from the plants. Moreover, these equipment plays significant role to evaporate fluid or water content in chemical substances. Positive growth trends in the chemical industry will benefit in attaining considerable gains to the overall centrifugal blower market by 2024.

Prominent centrifugal blowers industry players are Huadong Blowers, Vishwakarma Air Systems, Alfotech Fans, CLEANTEK, Kaeser Kompressoren, GP Motors, Trimech India and HIS Blowers. Most of the players has a wide-ranging product portfolio offering blowers with varying pressure ranges for the specific applications. For instance, CLEANTEK offers centrifugal air blowers for material conveying, dust collection, fume extraction, ventilation, cooling, etc.

Substantial manufacturing and service cost is a major factor likely to hinder the centrifugal blowers Market by 2024. However, major industry players are making consistent efforts to improve the product operational features by increasing its energy effectiveness and reducing cost. It will help generate plentiful opportunities for the centrifugal blower Market by 2024.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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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