February 07, 2020
According to a recent study titled ‘High Speed Blowers Market Size By Technology (Airfoil Bearings, Magnetic Bearings), By End-user (Waste Water Treatment, Chemical, Oil & Gas, Chemical, Marine), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report LLC, the global high speed blowers market is projected to cross USD 860 million by the year 2025.
Rising demand for clean drinking water in emerging economies such as China, India, and South Africa is driving the growth of high speed blowers market. Industrialization in these countries has deteriorated the quality of potable water, and increased groundwater contamination, which is negatively affecting the aquatic life and the human health as well. These factors coupled with expansion of water treatment facilities across the globe is augmenting the market outlook. In addition, high speed blowers witness a high demand from oil & gas industry as they are used for aeration in hydraulic power stations and cooling pumps, thereby propelling the market growth.
On the other hand, high product cost and complex functioning of these blowers coupled with lack of trained professionals are expected to hinder the growth of high speed blowers market during the analysis period.
In terms of the technology, airfoil bearings segment of high speed blowers market is expected to amass over USD 500 million by the year 2025. Airfoil bearing are used in plants with clean air supply and continuous operation with low start or stop. Increasing use of high speed blowers having airfoil bearings across various plants is stimulating the segmental growth.
Based on the end-use spectrum, high speed blowers industry from chemical segment is projected to gain a volume share of 20% during the study period. The growth can be attributed to its application in the chemical industry to provide constant cooling for the processing and treatment operations to prevent hazardous scenarios.
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Considering the geographical outlook, Middle East & Africa high speed blowers market is anticipated to grow with a CAGR of over 4.5% through 2025. Factors such as scarcity of clean water, rising water borne diseases, and declining aquatic life are propelling the establishment of water treatment facilities in the region, which in turn will boost the demand for high speed blowers across MEA.
The prominent players of high speed blowers market include United Blower Co., Xylem India, Spencer Turbine, Aerzen Turbo Division, Atlantic Blower, Zi-Argus, Atlas Copco, Eminent Blowers, HSI Blowers, and APG-Neuros.
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