Market Size of Blowers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Blowers Market Analysis
Blowers market is projected to register a CAGR of over 5% during the forecast period.
In 2020, COVID-19 negatively impacted the market. Presently, the market has reached pre-pandemic levels.
- Over the medium term, the increasing investment in industrial automation and the increasing number of data centers are expected to increase the demand for blowers.
- On the other hand, high operations and maintenance costs are expected to hinder market growth.
- Nevertheless, the increasing technological investments in the market to produce energy-efficient blowers are expected to create enormous opportunities for the blower market.
- Due to the growing number of chemical, mining, and oil and gas projects, Asia-Pacific is expected to lead the market over the next few years.
Blowers Industry Segmentation
Blowers are mechanical devices that move gas or air in a certain direction, at a certain speed, and at a certain angle to maximize the rate of heat transfer and the efficiency of the process.These are used to heat, cool, ventilate, and move the air that industrial processes require.These systems typically consist of a fan, an electric motor, a drive system, ducts or pipes, flow control devices, and air conditioning equipment, such as filters and cooling coils.
The blower market is segmented by type, deployment, and geography. By type, the market is segmented into centrifugal and axial, and by deployment, the market is segmented into industrial and commercial. The report also covers the market size and forecasts for the blower market across major regions. For each segment, the market sizing and forecasts have been done based on revenue capacity in USD billions.
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Blowers Market Size Summary
The blower market is poised for significant growth, driven by increasing investments in industrial automation and the proliferation of data centers. Despite the initial setbacks caused by the COVID-19 pandemic, the market has rebounded to pre-pandemic levels. The demand for blowers is expected to rise, particularly in the Asia-Pacific region, due to the burgeoning chemical, mining, and oil and gas projects. However, the market faces challenges from high operational and maintenance costs. Nonetheless, advancements in technology aimed at producing energy-efficient blowers are anticipated to create substantial opportunities. The oil and gas industry, especially the downstream sector, is a major consumer of blowers, with significant investments expected in regions like the Middle East and Africa to meet global demand.
In the Asia-Pacific region, the demand for fans and blowers is driven by the industrial and commercial sectors, fueled by construction activities and the need for ventilation systems in new infrastructure. The steel industry, particularly in China, is a significant consumer due to its large production capacity. The growth of data centers in countries like India and China further propels the demand for blowers, as they are essential for maintaining airflow and temperature control. The market is characterized by fragmentation, with key players such as Continental Blower LLC, CG Power and Industrial Solutions Limited, and Howden Group Ltd. actively participating. Recent developments, such as the procurement of high-speed snow cutters and the launch of energy-saving blowers, highlight ongoing innovations in the sector.
Blowers Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Industry Attractiveness - Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitute Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Technology
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2.1.1 Centrifugal
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2.1.2 Axial
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2.2 Deployment
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2.2.1 Industrial
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2.2.1.1 Power Generation
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2.2.1.2 Oil and Gas
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2.2.1.3 Construction
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2.2.1.4 Iron and Steel
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2.2.1.5 Chemical
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2.2.1.6 Mining
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2.2.1.7 Other Deployment Types
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2.2.2 Commercial
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2.3 Geography [Market Size and Demand Forecast till 2028 (for regions only)]
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 France
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2.3.2.3 United Kingdom
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2.3.2.4 Italy
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Australia
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2.3.3.4 Japan
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 Saudi Arabia
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2.3.4.2 United Arab Emirates
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2.3.4.3 South Africa
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2.3.4.4 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Columbia
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2.3.5.4 Rest of South America
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Blowers Market Size FAQs
What is the current Blowers Market size?
The Blowers Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Blowers Market?
Continental Blower LLC, CG Power and Industrial Solutions Limited, DongKun Industrial Co. Ltd, Howden Group Ltd and Loren Cook Company are the major companies operating in the Blowers Market.
