Market Research Report
High Speed Blowers Market Size By Technology, By End-user, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2028
|High Speed Blowers Market Size By Technology, By End-user, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2028|
Published: January 21, 2022
Global Market Insights Inc.
Content info: 200 Pages
Delivery time: 2-3 business days
The high speed blowers market is projected to record a significant valuation by 2028 on account of the widespread oil & gas exploration activities across the world.
Increasing emphasis on wastewater recycling to address critical water shortages around the globe has made it imperative for industries to treat sewage water. Moreover, stringent government regulations to reduce energy consumption have impelled wastewater treatment plants, which are among the largest energy consumers, to develop sustainable alternatives.
Recent technological advancements have enabled wastewater treatment plant managers to upgrade to more energy-efficient solutions and reduce overall operating costs. In addition, rising awareness regarding the wastewater treatment process has strengthened industry development over the past few years.
Furthermore, industry players have been engaging in profitable strategies to strengthen their foothold in the evolving marketplaces, which has positively impacted the overall business landscape. For instance, in October 2021, Howden Group Ltd., a UK-based provider of gas and air handling products, announced the acquisition of Spencer Turbine Company, a leading manufacturer of engineered blowers and vacuum systems. The deal enabled Howden to expand its market presence across new geographies as well as enhance its wastewater treatment portfolio.
To cite another instance, in September 2019, APG-Neuros, Inc., a prominent supplier of turbo blower technology, announced that it received a significant investment of around USD 10 million from Export Development Canada (EDC) to support its initiative to update its innovative high-efficiency turbo blower technology.
The high speed blowers market has been segmented on the basis of end-use, technology, and region.
With respect to end-use, the market has further been categorized into marine, wastewater treatment, oil & gas, chemical, and others.
The oil & gas sub-segment gathered a market volume of around 740 units in 2021 and is likely to scale considerably to reach about 868 units by the end of 2028, progressing at a CAGR of approximately 2.5% through the review timeline.
In terms of revenue, the high speed blowers market from the oil & gas sub-segment was valued at about USD 148.7 million in 2021 and is estimated to develop at a CAGR of almost 3.7% over the study period to reach a valuation of nearly USD 189.5 million by the end of the stipulated timeframe.
From the regional point of view, the Middle East & Africa high speed blowers market was worth over USD 36.8 million in 2021 and is anticipated to garner a revenue valuation of more than USD 43.7 million by the end of 2028.