The global centrifugal fan market is expected to grow to approximately $150 million by 2024, with an annual production capacity of 12,000 to 15,000 tons, serving approximately 800 customers annually. Leveraging China’s mature supply chain and cost competitiveness in manufacturing, our products are sold in more than 30 provinces, cities and major industrial centers nationwide. We also serve key industries such as energy, cement, chemicals, environmental protection and food processing and have successfully expanded into overseas markets.
In the domestic market, our products have a significant market share in major economic regions such as Eastern China, Northeastern China, Northwestern China, Southern China and Northern China. North China, Northeast China and Northwest China, the largest regional markets in China, are the key pillars of our business. This is because we have established close partnerships with many local manufacturers, who provide reliable equipment for ventilation, dust control, material handling and other manufacturing processes. Our international industrial and special purpose blower export business is growing rapidly and we are successfully exporting our products to key regions of global demand, such as Southeast Asia (e.g. Thailand and the Philippines), the Middle East, North America, Europe and Africa. Exports to Russia, in particular, are increasing. We are actively capitalizing on emerging market opportunities driven by industrialization, urbanization and improved environmental standards in these regions.
