High Speed Blowers Market worth around $780 Mn by 2026
Published Date: August 10, 2020 Authors: Kiran Pulidindi, Sayan Mukherjee
High Speed Blowers Market size is likely to exceed USD 780 million by 2026, according to a new research report by Global Market Insights, Inc.
Strong product demand across the wastewater treatment and oil & gas industries will positively boost the high speed blowers industry growth through 2026. The growing awareness of wastewater treatment processes across industrial facilities to reduce the impact of effluents will trigger the product demand in the near future. Companies have been making substantial investments in improving their wastewater facilities to improve the overall efficiency.
Increasing adoption of turbo blowers in wastewater treatment activities
Wastewater treatment facilities have become an indispensable part of residential as well as industrial sector due to prevalence of stringent government regulations to safeguard water bodies and aquatic life, The product’s elevated speed, variety of functions, and efficiency produces ample prospects for the turbo blowers for wastewater treatment segment. The American Society for Civil Engineers (ASCE) is gathering capital to invest in advanced wastewater purification plants in the U.S. The growing construction of these treatment facilities is projected to propel the turbo blowers market revenue by 2026.
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Increasing number of oil rigs in the U.S., gradual rise in oil prices, and rising production capacities owing to the rebalancing of the demand & supply have uplifted the expansion. The industry participants now have a firm belief, that profitability of oil & gas rigs will directly surge the demand for turbo blowers during the forecast timespan. Immensely complex blower functions coupled with heavy product prices will obstruct the global market. Lack of skilled workers to operate the blowers is an additional key obstructing aspect.
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 Industry (Wastewater Treatment, Chemical, Oil & Gas, Chemical, Marine), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
The turbo blowers industry recorded over 30% market share from magnetic bearings in 2019. Blowers with magnetic bearings have extensive applications in various industries, such as marine and oil & gas, due to their high-speed, which is expected to reach around 50,000 RPM without any breakdown. The blowers possess sensory features that examine the unit’s condition and provide unceasing air supply & improved cooling. These sensors also keep a regular track of the machine’s wellbeing. Numerous magnetic bearing producers are focusing on their resources to enhance product consistency and minimize the dependence on sensory response systems & simulation techniques are augmenting the HST blowers market size by 2026.
The high speed blowers market from the chemical industry is anticipated to grow at a CAGR of over 3.0% by 2026. The product is used in chemical processes as process fans since it imparts constant cooling capability. These fans find application in the chemical industry as gas, fluids, liquids, and solid substances are processed & converted through several treatments and can generate explosive atmospheres. Furthermore, chemical production is likely to grow at a significant rate owing to the rising demand for specialty chemicals and its increasing penetration in end-use industries. Many companies are constructing new chemical plants in various regions to cater to the rising demand in the coming years, which will increase product consumption during the forecast period.
Asia Pacific HST blowers market revenue is estimated surpass USD 220 million by 2026. The rapidly growing population and growing economies are expected to drive the product demand in multiple end-use industries such as wastewater treatment and oil & gas. Solid wastes and lack of proper sanitation are polluting the groundwater, which not only affects the aquatic life but also human health. Increasing consumer awareness and willingness to pay for proper sanitation in the rural areas of the region will further propel the need for HST blowers in the coming years.
The key competitors in the high speed blowers market are Zi-Argus, Eminent Blower, United Blowers, Atlas Copco, Atlantic Blower, Xylem, Aerzen, HSI Blowers, Spencer Turbine, and APG-Neuros.