Industrial Air Blower Market Size is projected to reach USD 6.51 Billion by 2030, growing at a CAGR of 4.5%: Straits Research
The global industrial air blower market size was valued at USD 4,579 million in 2021, which is growing at a CAGR of 4.5% and is envisioned to reach USD 6,512 million during the forecast period. The Asia Pacific will command the market during the forecast period growing at a CAGR of 4.81%.
New York, United States, Sept. 28, 2022 (GLOBE NEWSWIRE) -- An industrial air blower is a machine whose primary function is to supply massive quantities of air or gas to various industrial processes. They are electric fans with wheels and blades designed to propel a current of air or gas according to specific parameters from one location to another. Industrial air blowers are primarily used in air handling units and heating, ventilation, and air conditioning (HVAC) units to circulate air in industrial buildings and enclosed structures. Numerous applications employ centrifugal blowers, including combustion air supplies, cooling and drying systems, dust control systems, and air conveyor systems. Moreover, positive displacement blowers are typically employed in wet environments for sewage aeration, filter flushing, pneumatic conveying, and gas boosting, among other applications. In addition, air blowers are utilized for applications involving industrial air exhaustion, combustion air, and an industrial vacuum.
Due to the increased packaged food consumption, the food & beverage industry is the primary driver of the market for industrial air blowers. In addition, industrial air blowers are ideal for mining applications because they can transport air in a vacuum and pressurized environments. Consequently, the mining industry has increased its use of industrial air blowers. However, high maintenance and operating expenses can hinder the expansion of the market for industrial air blowers. In addition, industrialization in developing countries will drive the growth of the industrial air blower market during the forecast period.
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The Rise in Packaged Food Industry and Mining Activities to Drive the Global Industrial Air Blower Market
The demand for packaged food & beverage products has steadily increased over the past few years. The requirement for quick production is a current necessity. To improve the shelf life of certain dry products, it is necessary to extract all moisture and completely dry them. An industrial air blower is consistent and dependable for this purpose. In addition, the controls on the panel of this equipment are straightforward and can be operated by a semiskilled operator. Throughout the world, numerous new food and beverage industries have emerged. In December 2019, for instance, the Conagra food brand announced a USD 70 million expansion of its manufacturing facility in Michigan, United States, to increase its meat snack business's manufacturing and distribution capacity. These factors encourage food and beverage manufacturers to favor industrial air blowers, driving the global market for industrial air blowers.
Furthermore, ore deposits are located beneath the earth's surface and may contain considerable water. With the aid of industrial air blowers, the moisture that must be eliminated for further processing of the respective ore is eliminated. These air blowers suit the mining process industry due to their consistency and energy efficiency. To ensure efficient operations, numerous competitors emphasize contemporary industrial air blowers in their manufacturing facilities. Air blower manufacturers are developing options and blowers with unique characteristics and improved technology and fuel efficiency to reduce operating costs and boost productivity, thereby driving the market for industrial air blowers.
Increased Focus on Energy Efficient Devices to Create Global Industrial Air Blower Market Opportunities
The industrial air blowers are electrically powered. The blowers are assembled from a variety of components. The blower motors are one of the components that consume the most energy. Installing an efficient engine will maximize the efficiency of industrial air blowers. Advanced motors that are more efficient than those currently in use are being developed. This will efficiently power the systems with intelligent energy management. In addition, using recyclable and environmentally friendly materials will increase the efficiency of industrial air blowers. Therefore, such concentrated efforts on enhancing energy efficiency and employing low-power materials will enhance the market opportunities for industrial air blowers.
Report Scope
Report Metric | Details |
Market Size | USD 6.51 Billion by 2030 |
CAGR | 4.5% (2022-2030) |
Historical Data | 2019-2020 |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Movement of Air, Business Type, End-User Industry, Regions |
Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
Key Companies Profiled/Vendors | Air Control Industries Ltd.,Atlantic Blowers,Atlas Copco AB,Boldrocchi,Chicago Blower Corporation,Hitachi,Kaeser Kompressoren,Kawasaki Heavy Industries,Shandong Huadong Blower Co. Ltd.,Tuthill |
Key Market Opportunities | Increased Focus on Energy Efficient Devices to Spur Market Opportunities |
Key Market Drivers | The Rise in Packaged Food Industry and Mining Activities to Propel Growth |
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Regional Insights
The Asia Pacific will command the market during the forecast period growing at a CAGR of 4.81%. The market for industrial air blowers is quickly increasing in the Asia-Pacific region. This is mainly due to large populations in economies such as China and India. This region's fast-moving consumer goods (FMCG) consumption has increased significantly in recent years, which has been a significant factor in the industrial air blower market's growth. Moreover, the rapid expansion of industries such as manufacturing, construction, mining, pharmaceutics, and textiles contributes to the rise in demand for industrial air blowers. In addition, new construction, industrial, and development projects in the Asia-Pacific region are expected to increase the demand for industrial air blowers.
Europe will hold a share of USD 1,806 million, growing at a CAGR of 3.65% during the forecast period. On the European market, consumption of various consumable goods has increased significantly over the past few years. In Europe, the demand for packaged food and beverage products, as well as pharmaceutical and fast-moving consumer goods, has increased significantly (FMCG). Consequently, several manufacturers of food & beverage, pharmaceutical, and fast-moving consumer goods (FMCG) have expanded their footprints in the European market, including developing production facilities that require industrial air blowers for their manufacturing operations, thereby driving the market growth for industrial air blowers. In addition, research indicates that approximately 95% of Europe's wastewater is collected and treated before being recycled or discharged into the ocean. These actions result in the construction of new wastewater treatment plants, which stimulates the growth of the industrial air blower market.
Key Highlights
The global industrial air blower market size had a revenue share of USD 4,579 million in 2021, which is growing at a CAGR of 4.5% and is envisioned to reach USD 6,512 million during the forecast period.
Based on the air movement, the centrifugal segment is estimated to grow at a CAGR of 4.31% and holds the most significant proportion during the forecast period.
Based on the business type, the equipment sales segment will most likely hold the largest market share during the forecast period and grow at a CAGR of 4.3%.
Based on the end-user industry, the others segment is estimated to grow at a CAGR of 4.3% and hold the largest share during the forecast period.
Based on regional analysis, Asia Pacific will command the market during the forecast period growing at a CAGR of 4.81%.
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Competitive Players in the Market
Air Control Industries Ltd.
Atlantic Blowers
Atlas Copco AB
Boldrocchi
Chicago Blower Corporation
Hitachi
Kaeser Kompressoren
Kawasaki Heavy Industries
Shandong Huadong Blower Co. Ltd.
Tuthill
Global Industrial Air Blower Market: Segmentation
By movement of air
Positive Displacement
Centrifugal
By business type
Equipment Sales
Services
By end-user industry
Food & Beverage
Wastewater Treatment
Pharmaceutical
Chemicals & Petrochemical
Others
By region
North America
Europe
Asia Pacific
LAMEA
TABLE OF CONTENT
Introduction
Market Definition
Market Scope
Research Methodology
Primary Research
Research Methodology
Assumptions & Exclusions
Secondary Data Sources
Market Overview
Report Segmentation & Scope
Value Chain Analysis: Industrial Air Blower Market
Key Market Trends
Drivers
Restraints
Opportunities
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of Substitution
Threat of New Entrants
Competitive Rivalry
Market Share Analysis
Movement of Air Overview
Introduction
Market Size & Forecast
Positive Displacement
Market Size & Forecast
Centrifugal
Market Size & Forecast
Business Type Overview
Introduction
Market Size & Forecast
Sales
Market Size & Forecast
Services
Market Size & Forecast
Regional Overview
Introduction
Market Size & Forecast
America
North America
U.S.
By Movement of Air
By Business Type
Canada
By Movement of Air
By Business Type
Mexico
By Movement of Air
By Business Type
Latin America
By Movement of Air
By Business Type
Europe
Market Size & Forecast
Germany
By Movement of Air
By Business Type
France
By Movement of Air
By Business Type
U.K.
By Movement of Air
By Business Type
Italy
By Movement of Air
By Business Type
Spain
By Movement of Air
By Business Type
Rest of Europe
By Movement of Air
By Business Type
Asia Pacific
Market Size & Forecast
Japan
By Movement of Air
By Business Type
China
By Movement of Air
By Business Type
Australia
By Movement of Air
By Business Type
India
By Movement of Air
By Business Type
South Korea
By Movement of Air
By Business Type
Rest of Asia-Pacific
By Movement of Air
By Business Type
Middle East & Africa
Market Size & Forecast
Saudi Arabia
By Movement of Air
By Business Type
South Africa
By Movement of Air
By Business Type
Kuwait
By Movement of Air
By Business Type
Rest of Middle East & Africa
By Movement of Air
By Business Type
Company Profile
Air Control Industries Ltd
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Atlantic Blowers
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Atlas Copco AB
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Conclusion & Recommendation
Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/industrial-air-blower-market/toc
Market News
In 2022, Atlas Copco AB launched a new range of energy storage systems to maximize the sustainability for operators by working in hybrid mode with efficient diesel-driven generators.
In 2022, Hitachi launched the AFM100 Pro High-Sensitivity Scanning Probe Microscope System, a high-end scanning probe microscope equipped with a newly developed high-sensitivity optical head that improves sensitivity when measuring physical properties and enables measurement at atomic and molecular scales.
Market News
Asia-Pacific: Largest Consumer of Air-Dried Food
Latin America to Generate New Growth Opportunities for the Air Fryer Market
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