Centrifugal Fans Market Trend, Share, Growth, Size Analysis and Forecast 2030

Centrifugal Fans Industry Prospective:

The global centrifugal fans market size was evaluated at $3 billion in 2022 and is slated to hit $5 billion by the end of 2030 with a CAGR of nearly 4.6% between 2023 and 2030.

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Centrifugal Fans Market: Overview

Centrifugal fans are strong and drum-sized instruments utilized for offering a high-pressure air flow for cooling and ventilating various household appliances as well as residential, commercial, and industrial systems. They are referred to as blowers and are known for their reliability, flexibility, and low noise output. These products are used in high-pressure applications and found in processing industries as a key element in air pollution control systems. Reportedly, they increase air velocity with air flowing through impellers. In addition to this, the product is mainly utilized in aspirating, exhausting, conveying, cooling, and ventilating. For the record, centrifugal fans make use of centrifugal force that is produced with the help of a spinning disk.

Key Insights

• As per the analysis shared by our research analyst, the global centrifugal fans market is projected to expand annually at the annual growth rate of around 4.6% over the forecast timespan (2023-2030)
• In terms of revenue, the global centrifugal fans market size was evaluated at nearly $3 billion in 2022 and is expected to reach $5 billion by 2030.
• The global centrifugal fans market is anticipated to grow rapidly over the forecast timeline owing to a rise in the number of constructions across the globe.
• In terms of pressure, the low pressure segment is slated to register the highest CAGR over the analysis period.
• Based on end-user, the mining segment is expected to dominate the segmental growth in the upcoming years.
• Region-wise, the Asia-Pacific centrifugal fans industry is projected to register the fastest CAGR during the assessment timeline.

Centrifugal Fans Market: Growth Factors

Rise in the number of constructions across the globe to pave the way for global market surge by 2030

An increase in construction activities will steer the expansion of the centrifugal fans market globally. Rapid infrastructural growth in emerging economies has culminated in humungous demand for centrifugal fans in recent years. Growing demand for air pollution control systems will steer the expansion of the market across the globe. A surge in the number of steel and cement units in the emerging economies of Asia and Latin America will embellish the expansion of the market globally. A prominent rise in the penetration of centrifugal fans in food & beverages, pharmaceuticals, and manufacturing sectors will spearhead the growth of the global market. Business strategies such as new product launches implemented by firms will contribute sizably towards the global market profitability. In September 2023, the ebm-papst Group, a key manufacturer of fans & electric motors, introduced the second generation of RadiCal centrifugal fan series.

Centrifugal Fans Market: Restraints

Increase in the costs of product can impede the global industry expansion over 2023-2030

High product costs as well as maintenance charges can restrict the growth of the centrifugal fans industry globally. Fluctuations in the raw component prices can further impede the expansion of the industry in the forthcoming years.

Centrifugal Fans Market: Opportunities

Surge in the manufacture of products in various end-use sectors will generate new opportunities for growth for the global market

Increase in the production of centrifugal fans for fulfilling the product demand in oil & gas burner applications, HVAC tools, and household equipment will open new growth avenues for the global centrifugal fans market.

Centrifugal Fans Market: Challenges

Supply chain fluctuations can lead to huge challenges for the growth of the global industry in the coming years

Disruptions in the supply chain activities can prove to be a huge challenge for the global centrifugal fans industry.

Centrifugal Fans Market: Segmentation

The global centrifugal fans market is sectored into pressure, end-user, and region.        

In pressure terms, the global centrifugal fans market is segregated into low pressure, medium pressure, and high pressure segments. Furthermore, the low pressure segment, which amassed nearly two-thirds of the global market revenue in 2022, is set to register the fastest CAGR in the years to come. The growth of the segment during the predicted timeline can be due to a rise in the use of low pressure centrifugal fans in a slew of industrial applications. For the record, they are used in workspaces as exhaust fans and odor, as well as air extractors.

Based on the end-user, the global centrifugal fans industry is sectored into cement unit, pulp & paper, steel unit, chemical, power station, and mining segments. Moreover, the mining segment, which garnered a major chunk of the global industry share in 2022, is estimated to lead the global industry over the projected timeframe. The segmental expansion over the assessment timespan can be subject to the need for maintaining healthy indoor quality in mining activities.

Centrifugal Fans Market: Report Scope

Centrifugal Fans Market: Regional Insights

Europe is predicted to maintain its dominant position in the global centrifugal fans market over the analysis period

Europe, which contributed about 55% of the global centrifugal fans market revenue in 2022, will be a dominating region over the projected timespan. Additionally, the regional market expansion during 2023-2030 can be due to an increase in construction activities in countries such as the UK, Germany, Spain, Sweden, Austria, Italy, and France. Rise in the flow of immigrants in the European countries has resulted in immense demand for housing activities, thereby driving the regional market trends. Presence of key product manufacturers in the continent will contribute notably towards the size of the industry in the region.

Asia-Pacific centrifugal fans industry is set to register the fastest CAGR in the forthcoming years owing to lower labor costs as well as lower prices of manufacturing consumer goods in countries such as China and India. Apart from this, low raw material costs can prove beneficial for the growth of the industry in the region.

Centrifugal Fans Market: Competitive Space

The global centrifugal fans market profiles key players such as:

• Ebm-Papst
• Systemair
• Ventmeca
• Twin City Fan
• Greenheck Fan
• Acme Fans
• Fl ktGroup
• Loren Cook
• Johnson Controls
• Nortek Air Solutions
• Mitsui Miike Machinery
• Cincinnati Fan
• New York Blower
• Soler & Palau
• Nanfang Ventilator
• Howden
• Yilida
• Zhejiang Shangfeng

The global centrifugal fans market is segmented as follows:

By Pressure

• Low Pressure
• Medium Pressure
• High Pressure

By End-User

• Cement Unit
• Pulp & Paper
• Steel Unit
• Chemical
• Power Station
• Mining

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa