Positive Displacement Blower Market size is expected to cross USD 3 billion by 2028, according to a new research report by Global Market Insights Inc.
Positive displacement blowers are used in crude oil production for gas collection & sparging. With increasing industrialization and urbanization, crude oil demand has been increasing drastically over the last few years due to which crude oil production is also increasing. This massive production will aid the market growth. Owing to geopolitical reasons and to restrain the U.S. shale oil production, countries in the Middle East are increasing their crude oil production.
The petrochemical and oil & gas industries are the end-users of positive displacement blowers. Rising shale oil & gas exploration projects in the U.S. will improve product demand. The product is widely used in oil & gas transport and storage activities including VOC replacements, pipeline enlargements, natural gas compression, and ground gas storage. The high price of these blowers and growing trade barriers are a threat to the positive displacement blower market demand.
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Browse key industry insights spread across 270 pages with 150 market data tables & 25 figures & charts from the report, “Positive Displacement Blowers Market Size By Product (Twin Lobe, Tri-lobe), By End-user (Water & Wastewater Treatment, Packaging, Industrial, Aquaculture, Oil & Gas, Chemical, Power Generation), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028”, in detail along with the table of contents:
Emerging application of tri-lobe to boost industry growth
Tri-lobe blowers segment will grow at a CAGR of nearly 5.5% through 2028. Countries including China, India & Japan are increasingly adopting tri-lobe technology in industrial, oil & gas, and chemical extraction. These higher frequency, lower energy pulses help in protecting downstream products and equipment.
Manufacturing Sector to witness demand in developing nations
The industrial application from the market will observe around 4% gains from 2022 to 2028. Industrial applications include pneumatic conveying, air sparging, etc. With developing nations seeing growth in the manufacturing area, product demand will be propelled in the coming years. Asia Pacific and Latin America have seen dramatic industrial growth in the last few decades. It can be attributed to the competitive landscape and labor costs associated with the availability of abundant water & other natural resources. Industrial expansion will influence these economies and will have a positive impact on the market size in the near future.
Strong demand for product in the Middle East
Middle East positive displacement blower market will generate more than USD 180 million by 2028. Rapid industrialization in countries such as Qatar and UAE, wherein manufacturers are focusing to adopt water & wastewater treatment processes that meet industrial sewage disposal standards, is anticipated to support the water and wastewater treatment chemicals industry within the region, thereby, spurring the overall industry statistics.
Product innovation to enhance competition in the industry
Prominent manufacturers in the market include Kaeser Kompressoren, Gardener Denver, Busch SE, Howden Group, Eurus Blowers, Hitachi Ltd., Aerzen, Tuthil Corporation, and many others. Industry players are focusing on product innovation to attain a competitive edge.
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