High Speed Blowers Market size is expected to cross USD 850 million by 2028, according to an updated research study published by Global Market Insights Inc.
The availability of water for drinking and manufacturing is one of the major challenges in recent times. Rising standards for process water in the manufacturing industries, such as pharmaceutical and semiconductor, in conjunction with increasing government focus on water reuse and recycling with the help of programs, such as zero liquid discharge and non-revenue water, are increasing the capital expenditure in both developed and developing markets. This is making water and water recycling an expanding market.
Moreover, the replacement of old water infrastructure in regions including North America and Europe is also catalyzing market growth. Globally, about 3,000 water reuse facilities are operating, which are projected to increase further. China announced the installation of an additional capacity of 10.7 million cubic meters between 2009 and 2016; whereas the U.S. is expected to install an additional capacity of 5.9 million cubic meters during the same period.
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High speed blowers are widely used across the oil & gas industry for aeration in hydraulic power stations and cooling pumps. Additionally, the product is used for ventilation in refining furnaces by the combustion of air supply for cracking and reforming processes. Moreover, the product is widely applicable for temperature control operations in air-cooled heat exchangers, reducing water temperature in the petrochemical industry.
Browse key industry insights spread across 220 pages with 196 market data tables & 22 figures & charts from the report, “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 Market Share & Forecast, 2022 – 2028”, in detail along with the table of contents:
North America is poised to generate around USD 195 million revenue in high speed blowers market by 2028 owing to the rising awareness of diseases caused by consumption of contaminated water among health organizations and regional governments. This also led some governments to invest in the refurbishment and upgrading of existing infrastructural facilities to deal with health challenges arising. For instance, recently, the U.S. Department of Agriculture (USDA) has decided to invest in rural areas to rebuild rural water infrastructure and modernize water & wastewater systems.
In addition, the USDA has been providing financial support to rural communities with 10,000 or lesser residents to build drinking water, stormwater waste, and drainage disposal systems. The surging involvement of regional governments in the expansion and upgrading of filtration, aeration & storage systems at wastewater treatment plants will further enhance the market demand.
Rising government initiatives will surge high speed blowers market penetration
To deal with healthcare challenges arising due to the consumption of polluted water, several regional governments have focused on constructing efficient water treatment facilities. The waste water treatment application will witness around 4% CAGR till 2028.
Municipal wastewater treatment plants are built by regional governing authorities and funded by various governments. For instance, in July 2019, the Delhi Jal Board, an authority in charge of water management in New Delhi, awarded a contract worth USD 161 million to SUEZ to build and operate a wastewater treatment plant with a capacity of 564,000 m3/day at Okhla, South of New Delhi.
Some of the major manufacturers in global high speed blowers market are Atlantic Blower., Atlas Copco AB, Houston Service Industries, Inc., Xylem, Inc., Zi-Argus Ltd., LLC, Eminent Blowers, Spencer Turbine Company., Aerzen Turbo Co., Ltd., APG Neuros, Inc., United Blower, Inc., Howden North America, Inc., and Esurging (Tianjin) Technology Co., Ltd., and others.