Centrifugal blower market to amass remarkable returns over 2019-2024

A detailed analysis of the Centrifugal Blower Market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the Centrifugal Blower Market report also contains information on the pivotal industry insights for core players to look out for.
Centrifugal Blower Market share for cement plant is projected to witness gains of more than 3.5% by 2024. This equipment are used for removing waste gases and re-circulating air in the cement plants. Moreover, they are used in the blending and storage area, conveying raw materials, additives, and chemicals used in the cement manufacturing gases. This equipment is usually used to transport hot gases from cement kilns.
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Centrifugal Blower Marketsize is forecast to exceed USD 4 billion by 2024. Strong product demand from mining industry in the U.S. will have subsequent impact on the centrifugal blower market size by 2024. High pressure centrifugal blowers are broadly used for ventilation, cooling or exhaust gas system in mining industry. It helps in blowing the air into ducts, tunnels, and underground passages. U.S. mining industry is widely engaged in mining coal, metals (zinc, copper, iron, etc.), industrial minerals (potash, limestone and crushed rocks). Additionally, U.S. is among the second leading coal producer which accounts for 17% of the total world's production which is valued more than 1 billion tons. The above-mentioned trends will drive product demand which will help make notable contribution to the centrifugal blower market size by 2024.
Low pressure centrifugal blower market size was valued over USD 600 million in 2017, which is anticipated to witness moderate gains by 2024. Low pressure centrifugal blower generate pressure up to 8,000 Pa. They are usually constructed using mild stainless steel and can use variety of blades including radial blade, radial tipped, backward curved, inclined or air flow blades. They are usually used when high air flow with low pressure is required.
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Asia Pacific centrifugal blower market size was close to USD 800 million in 2016. Strong product demand from cement plant, steel plants, power stations, food, textile and mining industry will help generate considerable gains to centrifugal blower market size during the forecast timeframe. Growing economy in the region has a subsequent impact on the power industry to meet the rising electricity demand from industrial and household sector. Additionally, rapid urbanization & industrialization has triggered product demand across cement and steel plants, which will have positive impact on the centrifugal blower market size by 2024.
The key centrifugal blower market players are KAESER KOMPRESSOREN, Aerotech Equipments and Projects, Atlas Copco, Airmake Cooling Systems, HSI Blower, Howden and GP Motors. Some of these players are investing heavily to expand its product landscape, in order to achieve an edge over its competitors. For instance, Howden announced its line of turbo pressure blower which are ideal for high pressure systems for pollution control, air combustion, etc., in chemical, pulp & paper, glass and food processing applications.