Centrifugal Blower Market to Surpass US$3.5 Billion by 2028, Says Global Market Insights Inc.

The cement industry held more than 12% of the revenue share in 2021 and is expected to reach $450 million by 2028. The growing growth in construction output, mainly driven by developing economies, will create huge opportunities for the industry. Growing investments in commercial and residential infrastructure development will increase the market demand for centrifugal blowers.

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The mining application is expected to register gains of around 4% through 2028. The mining industry is expected to increase in the near future to counter the growing demand for minerals due to population growth. Asia Pacific will account for the highest share due to increased demand from mining and growing industries in the region.

The COVID-19 pandemic has affected almost every industry vertical across the world. Increase in COVID-19 cases, mainly in Asiaresulted in the shutdown of production facilities with negative impacts in fiscal year 2020. China is one of the leading manufacturers who has witnessed huge disruption due to COVID-19 crisis, thereby disrupting the overall supply of Centrifugal Blower market. The shutdown of major end-user industries, such as mining, cement, and pulp and paper, among others, has created a decline in product demand in 2020.

Based on pressure, the low pressure segment is expected to show a CAGR of over 3.5%. Low pressure centrifugal blowers are widely used in various vertical industrial sectors. They are mainly used as air extractors in the workplace and as exhaust and/or odor extractors.

Asia Pacific The centrifugal blower market is poised to show a CAGR of over 4% throughout the assessment period. Expanding residential and commercial construction coupled with product innovations from leading manufacturers in this region is expected to drive the market in the coming years. In addition, recent government efforts to India to drive infrastructure growth in the country coupled with China The Belt and Road initiative, formerly known as the One Belt One Road initiative, will be a boon for the construction industry in Asia Pacific in the future.

Some major findings of the Centrifugal Fans Market report include:

• The growth of the market can be attributed to the rapid growth of residential and non-residential activities, especially in the developing regions of Asia Pacific. These factors should favor the development of the industry.
• The growing demand from the pulp and paper industry, mainly in China should generate huge revenue gains throughout the evaluation period.
• The recent COVID-19 outbreak has affected major end users across the globe. In 2020, the centrifugal blower market showed a drop of more than 13%. The closure of large industrial verticals has resulted in lower product consumption.

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Partial chapters of the table of contents (TOC) of the report:

Chapter 2 Executive Summary

2.1 360° Synthesis of Centrifugal Fans Industry, 2018-2028

2.1.1 Trade trends

2.1.2 Pressure from end-user trends

2.1.3 End user trends

2.1.4 Regional trends

Chapter 3 Centrifugal Fans Industry Overview

3.1 Industry Segmentation

3.1.1 Impact of COVID-19 on the industry landscape

3.2 Industry Size and Forecast, 2018-2028

3.3 Industry Ecosystem Analysis

3.4 Innovation & sustainability

3.5 Industry impact forces

3.5.1 Drivers of growth

3.5.2 Industry pitfalls and challenges

3.6 Regulatory landscape

3.7 Analysis of growth potential

3.8 Competitive Landscape, 2020

3.9 Porter’s analysis

3.10 Regional Price Trends

3.11 PESTEL analysis

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, US, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as growth advisory services. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights Inc.
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SOURCE Global Market Insights Inc.