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High Speed Blowers Market Size, By Technology (Airfoil Bearings, Magnetic Bearings), By End-user (Wastewater Treatment, Oil & Gas, Chemical, Marine) COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 – 2032

  • Report ID: GMI2767
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Trends

High Speed Blowers Market size exceeded USD 680 million in 2022 and is expected to record over 3% CAGR from 2023 to 2032. The rising awareness regarding hygienic water consumption will drive the market demand.
 

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Growing awareness regarding clean water consumption in developing nations will increase the deployment of high-speed blowers. Industrialization across emerging countries like China, India, Brazil, South Africa, etc. has led to a significant drop in the availability of clean and consumable water due to increased groundwater contamination. The shortage of drinking water along with the depleting groundwater sources can negatively impact human life and health. The rising discharge of industrial wastewater will fuel the need for enhanced water treatment solutions, stimulating product demand.
 

High product costs and complex operations could hamper the uptake of high speed blowers. Improved efficiency and increased aeration speed are some of the key reasons why these devices are quite expensive. The cost of operating high speed blowers is also high as it requires experienced and skilled employees to manage its complex functioning. Such limitations could restrain industry growth.
 

Sensory benefits of magnetic bearing technology to influence product deployment

High speed blowers market revenue from the magnetic bearings technology is anticipated to reach USD 350 million by 2032. Blowers that utilize magnetic bearing technology are extensively used in the oil and gas and marine sector. These blowers can reach speeds of over 50,000 RPM without experiencing any glinches. It offers excellent cooling while using the least amount of energy and electricity. Many manufacturers of magnetic bearings are concentrating on enhancing product stability & simulation techniques and lowering reliance on sensory feedback systems.
 

Increasing government focus on water reuse and recycling may boost market expansion

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The waste water treatment segment is projected to expand at around 3.5% growth rate between 2023 and 2032. The availability of clean water for manufacturing and drinking purposes has become one of the biggest challenges in recent years. Increased government focus on water reuse and recycling through programs like zero liquid discharge and non-revenue water are augmenting up capital costs in both developed and developing regions. The replacement of outdated water infrastructure in places like North America and Europe should also favor product deployment. There are currently roughly 3,000 water reuse facilities functioning worldwide, and there will likely be more in the future.
 

Significant product application in the oil & gas sector to accelerate North America market revenue

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North America high speed blowers market revenue is predicted to surpass USD 200 million by 2032. The product is widely utilized in the oil and gas sector for cooling pumps and aeration in hydraulic power plants. It is also used to ventilate refining furnaces by burning the air supply for the operations of cracking and reforming. These blowers have a broad range of applications for temperature control processes in air-cooled heat exchangers, which will aid in lowering the water temperature in the petrochemical industry.
 

According to the International Energy Agency (IEA), the United States, Russia, and Norway have been producing more than 190,000 barrels per day since 2018. The production is estimated to increase substantially, which will contribute to market growth.
 

New strategic collaboration to foster high speed blowers sales

Some of the prominent companies in the global high speed blowers market include Spencer Turbine Company, Atlantic Blower, Xylem, Inc., Atlas Copco AB, United Blower, Inc., Houston Service Industries, Inc., Nanjing Magnetic Valley Technology Co., Ltd., Zi-Argus Ltd., Continental Industries Esurging (Tianjin) Technology Co., Ltd., Eminent Blowers, Aerzen Turbo Co., Ltd., APG Neuros, Inc., Howden North America, Inc., and Gardner Denver Inc. These participants are concentrating on crucial strategic actions like innovation, mergers and acquisitions, and collaborations.
 

Impact of COVID-19 pandemic on the business trends

The COVID-19 outbreak had a negative impact on the global high speed blower business due to the supply chain issues and manufacturing delays. Production operations and other consumer activities were stopped owing to disruptions in the trade cycles. Many high speed blower manufacturers were affected at the beginning of the pandemic in 2020. However, with the lifting of lockdown restrictions, the industry could witness new developments in the upcoming years.
 

This high speed blowers market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in kilo tons and revenue in USD Million from 2018 to 2032 for the following segments:

Market, By Technology

  • Magnetic Bearings
  • Airfoil Bearings

Market, By End-user Industry

  • Wastewater Treatment
  • Oil & Gas
  • Chemical
  • Marine
  • Others

Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE

 

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The market size of the high speed blowers crossed USD 680 million in 2022 and is expected to record over 3% CAGR between 2023 and 2032
The bearings technology is estimated to reach USD 350 million by 2032 as it offers excellent cooling while using the least amount of energy and electricity.
North America market is predicted to surpass USD 200 million by 2032 owing to the product’s wide-scape use in the oil and gas sector for cooling pumps.
Atlas Copco AB, Xylem, Inc., Zi-Argus Ltd., Houston Service Industries, Inc., and Eminent Blowers, among others are some of the leading manufacturers in the high speed blowers industry.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 180
  • Countries covered: 20
  • Pages: 200
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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