PUBLISHER: The Business Research Company | PRODUCT CODE: 1458673
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458673
Industrial exhaust blowers are mechanical devices used in industrial settings to expel air, gases, fumes, or other contaminants from a specific area or system. They play a vital role in ventilation and air quality control systems in industries where the removal of potentially harmful ssubstances is necessary.
The main types of industrial exhaust blowers include centrifugal blowers, axial blowers, and others. A centrifugal blower, also known as a centrifugal fan, moves air or gases radially away from the central axis of the device. It is utilized in various industries for purposes such as air pollution control, ventilation systems, and dust and fume extraction. Industries that commonly use centrifugal blowers include manufacturing, mining, HVAC (heating, ventilation, and air conditioning), and chemical and petrochemical industries.
The industrial exhaust blowers market research report is one of a series of new reports from The Business Research Company that provides industrial exhaust blowers market statistics, including industrial exhaust blowers industry global market size, regional shares, competitors with industrial exhaust blowers market share, detailed industrial exhaust blowers market segments, market trends, and opportunities, and any further data you may need to thrive in the industrial exhaust blowers industry. This industrial exhaust blowers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The industrial exhaust blowers market size has grown rapidly in recent years. It will grow from $5.17 billion in 2023 to $5.83 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to industrial expansion, environmental regulations, health and safety standards, urbanization, infrastructure development, and market demand for specific industries.
The industrial exhaust blowers market size is expected to see rapid growth in the next few years. It will grow to $8.9 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth projected for the forecast period is primarily driven by global industrialization trends, the increasing adoption of renewable energy, a heightened focus on energy efficiency, specific industry demands, regulatory changes, and evolving standards. Key trends expected during this period include a greater emphasis on sustainability, the integration of IoT technology, customization for various applications, the uptake of Variable Frequency Drives (VFDs), and a heightened focus on indoor air quality.
The increase in construction activities is expected to drive the growth of the industrial exhaust blower market in the future. Construction activities encompass a range of tasks involved in planning, designing, erecting, assembling, and maintaining structures, facilities, and infrastructure. Industrial exhaust blowers play a crucial role in construction activities by enhancing indoor air quality and eliminating airborne contaminants such as dust, fumes, and pollutants. This helps create a healthier and safer working environment for construction workers. For example, in January 2022, the U.S. Census Bureau reported that approximately 1,595,100 housing units were initiated in the United States, marking a 15.6% increase from the 1,379,600 units started in 2020. This significant surge in construction activities is a key factor driving the growth of the industrial exhaust blower market.
Key players in the industrial exhaust blower market are innovating by introducing new products such as high-efficiency radial fans to enhance their competitiveness. Radial fans, or centrifugal fans, are mechanical devices used to move air or gases radially away from the fan's central axis. For instance, in March 2023, Elektror Airsystems GmbH, a German industrial machinery manufacturer, expanded its steel high-efficiency (S-HE) series with five new sizes of high-efficiency radial fans made of steel and stainless steel. These fans are designed for industrial applications requiring the movement of large volumes of air with medium system resistance. They offer air flow rates ranging from 60 m3/min to 275 m3/min and pressure from 2,000 Pa to 4,800 Pa, providing efficient solutions for various operational environments. The S-HE series emphasizes high efficiency, low energy consumption, and a robust design, offering a modular system for scalability and customization to meet diverse needs such as gas and vapor extraction, machine cooling, ventilation in systems with medium resistances, air supply for drying plants, exhaust gas extraction in the automotive sector, and use in filter systems.
In October 2021, Chart Industries Inc., a US-based industrial equipment manufacturing company, completed the acquisition of Howden Group for an undisclosed sum. This strategic move has broadened Chart's product portfolio, expanded its global presence to more than 35 countries, opened up new customer segments and business prospects, and bolstered its engineering expertise, particularly benefiting its standing in the industrial gas, specialty, and energy transition sectors. Howden Group, headquartered in the UK, specializes in engineering and produces air and gas handling equipment such as industrial fans and rotary heat exchangers.
Major companies operating in the industrial exhaust blowers market report are Johnson Controls International plc, ebm-papst Mulfingen GmbH & Co. KG, Greenheck Fan Corporation, Loren Cook Company, Howden Group, Air System Components Inc., Twin City Fan Companies Ltd., S&P Sistemas de Ventilacion S.L.U., Acme Engineering and Manufacturing Corporation, Nicotra Gebhardt S.p.A., Aerovent, The New York Blower Company, Cincinnati Fan & Ventilator Company Inc., Canarm Ltd., Halifax Fan Ltd., Northern Industrial Supply Company, AirPro Fan & Blower Co., Strobic Air Corporation, Kruger Ventilation Industries Pte Ltd., Woods Air Movement Ltd., ILG Blowers Ltd., Continental Fan Manufacturing Inc., NISCO Inc., Rosenberg Ventilatoren GmbH, Ventmeca Fans SAS
North America was the largest region in the industrial exhaust blowers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial exhaust blowers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the industrial exhaust blowers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial exhaust blowers market consists of sales of centrifugal fans, axial fans, ventilation systems, filters, silencers and dampers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Industrial Exhaust Blowers Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial exhaust blowers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for industrial exhaust blowers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The industrial exhaust blowers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.