With the advancement of my country's industrialization, the industrial sector is vigorously promoting energy conservation and emission reduction, upgrading industries, and restructuring. This necessitates a significant upgrade of industrial infrastructure. Centrifugal fans, as crucial supporting equipment in industry, will be increasingly used in power, cement, petrochemical, coal, mining, and environmental protection sectors. Under the new economic development situation, the centrifugal fan industry is expected to maintain rapid growth. It is projected that the market size of the centrifugal fan industry will reach 96 billion yuan by 2022.
Domestic centrifugal fan manufacturers mainly produce over fifty series and more than four hundred specifications of energy-saving centrifugal fans, including large industrial blowers, ventilation fans, gas blowers, coke oven blowers, multi-stage high-pressure centrifugal blowers, and single-stage high-speed centrifugal blowers. These products are widely used in steel smelting, thermal power generation, new dry-process cement, petrochemicals, wastewater treatment, waste heat recovery, gas recovery, and nuclear power.
Traditional businesses will benefit from energy-saving renovations, with a market capacity of 2.16 billion yuan for capacity replacement in the next three years. More than 95% of the revenue of China's large industrial centrifugal fan business comes from the four major industries of steel, cement, thermal power, and petrochemicals. Although the steel and cement industries have already experienced overcapacity problems and the construction of new capacity will slow down, as my country carries out large-scale industrial restructuring, the continuous implementation of energy-saving renovation projects such as replacing small with large, energy-saving and emission-reducing, and industrial environmental protection will generate a large demand for centrifugal fans.
