Centrifugal Blowers Market in Middle East Accounted For Highest Revenue Share in the Global market
Pune, Maharashtra, July 18, 2019 (Wired Release) Prudour Pvt. Ltd. – Centrifugal blowers provide directional airflow by maximizing static pressure, which makes them optimal for spot cooling, and for air flow through ducts. Centrifugal blowers provide much higher pressures as compared to centrifugal fans in various end-use applications. Two most common types of centrifugal blowers are pressure blowers and volume blowers. Pressure blowers are designed to push air at high pressures and volume blowers are designed to push larger volumes of air, at lower static pressures as compared to pressure blowers. Centrifugal blower increases speed as well as a volume of an air stream with rotating high-speed impellers or blades.
The global centrifugal blowers market in sulfur recovery and other applications was valued at around US$ 0.3 Bn in 2017 and is expected to register a CAGR of 5.9%. Increasing demand for electricity globally has led to increased power generation capacity in countries across the globe. The increasing number of coal-fired power stations is expected to further support demand for centrifugal blowers. In addition, increasing global construction and smelting activities are factors expected to support the growth of target market over the forecast period.
Global centrifugal blowers market in sulfur recovery and other applications revenue share, by an application; is segmented based on sulfur recovery, flue gas desulfurization, and water and wastewater treatment. The flue gas desulfurization segment is expected to contribute for a major revenue share of the market and is expected to maintain its dominance over the forecast period. The water and wastewater treatment segment is expected to register the highest CAGR of over 6%.
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Among the various regions, the market in the Middle East accounted for the highest revenue share and is expected to continue its dominance over the forecast period. Growing investments in the oil and gas sector and the establishment of new oil refineries, coupled with increasing partnerships and joint ventures among regional and international players are factors expected to drive the growth of the oil and gas sector in the Middle East, which in turn is expected to support the growth of the centrifugal blowers market. In 2016, a consortium formed by Sinopec Engineering Group, Spanish Técnicas Reunidas, and Korean Hanwha Engineering and Construction were awarded an EPCC-Turnkey contract for a new refinery project in Al-Zour by Kuwait National Petroleum Company, with an estimated contract value of US$ 4.24 Bn. The market in North America is estimated to account for the second highest revenue share in 2017. The market in China is expected to register the highest CAGR of over 5% in terms of revenue during the forecast period.