Centrifugal blower: Key market research findings
- APAC dominates the market geographically
- Food processing sector accounts for a majority of the revenue generated
- Key vendors – Air control industries, GP motors, Howden, HSI blowers, and Huadong blowers
Technavio’s market research analysts predict the global market for centrifugal blowers to reach a revenue of about USD 448 million by 2020. The prospects for growth in this market are driven primarily by the use of VFD to enhance blower efficiency. VFD in a blower acts as a speed adjusting device to increase its efficiency. In an existing wastewater treatment plant installation, retrofitting a VFD requires minimum investment and lead time while achieving drastic energy savings. During 2015, the global centrifugal blower market was dominated by the APAC region with a market share of more than 42%. Increased investments in conventional and unconventional petrochemicals in China is expected to fuel the demand for centrifugal blowers in APAC during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the centrifugal blower segments based on the end-user.
“The use of MAX seal for multistage centrifugal blowers is the latest trend in the market. MAX seal is an innovation in dry seal technology, which reduces the fugitive emissions by as much as 67% compared to traditional seal options. This seal is suitable for operations that deal with toxic and explosive gasses and improves the safety of the operation while extending bearing life and reducing the total cost of ownership. It can be easily installed on-site without replacing any major components on the existing blower,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research.
By 2020, the food processing segment will continue its dominance as the key revenue generating segment in the global centrifugal blower market by accounting for around 35% of the overall market revenue. The rising population and the resultant increase in food consumption are expected to augment the demand for centrifugal blowers in the food processing industry over the next four years.
The key vendors in the global centrifugal blower market include Air control industries, GP motors, Howden, HSI blowers, and Huadong blowers. The market is characterized by the presence of established large blower manufacturers who are multi-million corporations and have a vast geographic reach and extensive product portfolio. The market appears to be highly fragmented, and no player captures a significant share of the market. Established vendors usually offer on-site expertise and cater to the needs of the bigger players in the end-user industries. Whereas, the regional and smaller centrifugal blower manufacturers lack the expertise and mainly look to serve smaller clients. The market is also characterized by the presence of few vendors who provide customers with refurbished and used products, and they pose a huge threat to both the large and regional vendors.
A more detailed analysis is available in the Technavio report, Global Centrifugal Blower Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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