Emerging Smart Solutions Accelerate Growth of the Global Centrifugal Blowers Sector
Innovative business models leverage IIoT technologies to focus on energy efficiency and digital services to unleash new growth potential
Research Overview
In today’s turbulent economic conditions and the challenges brought about by the global COVID-19 pandemic, geopolitical chaos and supply chain gluts have affected investor sentiment. Delays in new project investment, concerns of low RoI, and high operational expenses, especially in the oil and gas upstream sector and the chemical process, power generation, and metals and mining industries, have affected centrifugal blower volume sales.
In this short study, Frost & Sullivan identifies, analyzes, and evaluates existing and upcoming trends impacting the global centrifugal blowers market. It offers insight into manufacturer growth prospects over the next 5 years. The study also discusses the product, market, and technology-based growth opportunities that will impact future growth.
The study discusses challenges and drivers that will help centrifugal blower manufacturers navigate these unprecedented times. Revenue opportunity at the end-user and the regional level is analyzed, and future growth potential is predicted.
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