The global demand for Centrifugal Fan Wheels Market is presumed to reach the market size of nearly USD 12.39 MN by 2030 from USD 7.6 BN in 2022 with a CAGR of 6.3% under the study period 2023 - 2030.
A centrifugal fan wheel is used in a variety of applications. A centrifugal fan is a device that forces air or other gases to flow in the opposite direction of the incoming fluid. Centrifugal fans wheels are popular in industrial applications because they handle massive volumes of air while discharging it at a steady flow rate. These fans are used for various purposes, including general ventilation, material transportation, drying, and cooling and storage. Centrifugal fan wheels are widely employed in many civic and industrial applications. These fan wheels can be found in various applications, including clean air handling, minimal dust loading, material handling, saturated air fans, and high-temperature applications. A ducted housing is commonly seen on centrifugal fans to direct outgoing air in a particular order or across a heat sink; this type of fan is also known as a blower.
Market Dynamics
The centrifugal fan wheels market is fueled by the increased emphasis on heating, ventilation, and air conditioning (HVAC) systems in buildings, workplaces, and factories and the realization of the importance of ventilation in preventing infectious diseases. The market for centrifugal fan wheels is expected to grow during the projected period due to the increased use of centrifugal fans in the food processing industry. Emission control systems, dust collectors, and fume exhausters are applications driving demand for backwards-curved wheels, resulting in market prospects for centrifugal fan wheels. During the projected period, the requirement for improved operational efficiency in industrial processes is expected to generate lucrative opportunities for the centrifugal fan wheels market. The ability of manufacturers in the centrifugal fan wheels market to diversify products and services for ventilation needs outside traditional end-users such as oil and gas, power generation, and steel industries is promising for the centrifugal fan wheels market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of centrifugal fan wheels. The growth and trends of centrifugal fan wheels industry provide a holistic approach to this study.
Market Segmentation
This section of the centrifugal fan wheels market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Forward Curved
- Backward Curved
- Radial
- Others (Including Airfoil Fans)
By Power Rating
- Up To 125 W
- 125 W – 10 Kw
- 10 Kw – 500 Kw
- Above 500 Kw
By End User
- Steel
- Cement
- Power Generation
- Oil & Gas
- Pulp & Paper
- Mining
- Others (Including Textile, Glass, And Wood)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Centrifugal Fan Wheels market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Centrifugal Fan Wheels Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Centrifugal Fan Wheels market include TLT-Turbo, Howden Group, TWIN CITY FAN, Loren Cook, Yilida, Systemair AB, S&P Sistemas de Ventilación SLU, ebm-papst, punker GmbH, ZIEHL-ABEGG, FERGAS GROUP AB, Beckett Air Corporation, Kruger Ventilation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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