Showing posts with label Blower Market Size. Show all posts
Showing posts with label Blower Market Size. Show all posts

Friday, August 2, 2024

Blower Market Trends & Opportunities with Forecast 2023-2028

According to a research report "Blower Market - Global Forecast to 2028", the Blower is projected to reach USD 4.6 billion by 2028 from an estimated USD 3.7 billion in 2023, at a CAGR of 4.8% during the forecast period.

The increasing demand for blowers across various industries is spurred by their versatile applications. From ventilation and cooling in manufacturing plants to combustion support in furnaces, blowers play a pivotal role in diverse industrial processes. The emphasis on energy efficiency, stringent environmental regulations, and the need for precise air and gas handling contribute to the growing adoption of blowers. Industries ranging from manufacturing and construction to wastewater treatment find these devices essential, driving the overall demand for blowers across diverse sectors.

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Positive displacement blowers, by product type, are expected to grow by the largest segment during the forecast period.

Based on product type, the blower market has been segmented into positive displacement blowers, centrifugal blowers, high-speed turbo blowers, and regenerative blowers. Positive displacement blowers are in high demand across a wide range of sectors because of their unparalleled versatility and dependability. Given their superior ability to deliver steady airflow and pressure, these blowers are crucial for use in water treatment facilities, wastewater treatment facilities, and pneumatic conveying. Businesses value their versatility in managing a variety of gases and their capacity to function under difficult circumstances. Positive displacement blowers are in more demand as industries place a higher value on accuracy and longevity while still satisfying the wide range of requirements for industrial operations.

The pressure segment above 20 psi segment is expected to grow at the second fastest CAGR during the forecast period.

This report segments the blower market based on pressure into up to 15 psi, 15 – 20 psi, and above 20 psi. The above 20 psi segment is expected to be the second fastest-growing segment during the forecast period. The above 20 psi blowers can also be known as the high-speed blowers. The industry uses these blowers because of how well they work to provide tailored airflow and quick air circulation. For procedures that need rapid cooling, ventilation, or material handling, these blowers are essential. Their capacity to provide strong airflow at high velocities speeds up production by accelerating temperature regulation and guaranteeing ideal conditions in industrial environments. High-speed blowers are a favored option for many industrial applications as they also aid in energy conservation and process optimization.

Europe is expected to be the third largest region in the blower market.

Europe is expected to be the second-largest blower market during the forecast period. The European region has been subdivided into five key countries: the UK, Germany, France, Italy, Spain, and the Rest of Europe. High and medium-voltage products are crucial to industries as they enable efficient power transmission over long distances from generation centers to transformer substations. The revitalization of the European industrial sector and the establishment of new industrial set-ups and facilities are also expected to fuel the demand for high & medium-voltage products in the region.

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Key Players

Some of the major players in the blower market are Atlas Copco (Sweden), Ingersoll Rand (US), Kaeser Kompressoren (Germany), Aerzen (Germany), and Xylem (US). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.

Thursday, September 22, 2022

Blower Market worth $4.3 billion by 2027

According to a research report "Blower Market by Product Type (Positive Displacement Blowers, Centrifugal Blowers, High-speed Turbo Blowers, Regenerative Blowers), Pressure (Up to 15 psi, 15-20 psi, Above 20 psi), Distribution Channel, End-Use Industry, & Region - Global Forecast to 2027" published by MarketsandMarkets, the blower market size will grow to USD 4.3 billion by 2027 from USD 3.5 billion in 2022, at a CAGR of 4.3% during the forecast period.

Browse 144 market data Tables and 46 Figures spread through 229 Pages and in-depth TOC on "Blower Market - Global Forecast to 2027"

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Blowers are mechanical or electro-mechanical devices used to induce gas flow through ducting, electronics chassis, process stacks, etc. Blowers are typically used when the pressure requirement falls somewhere between that of a fan and that of a compressor. Blowers are used for a wide range of applications in a variety of industries, including cooling, pneumatic conveying, ventilating, aspirating, aerating, and exhausting, among others. Blowers are used to cooling electronic enclosures, induce drafts in boilers, increase airflow on engines, and are configured in a variety of designs such as centrifugal flow or positive displacement styles.

The Positive displacement blowers, by Product Type, are expected to be the most significant blower market during the forecast period.

The positive displacement blowers segment accounted for the largest share of the blower market in 2021. Positive displacement blowers operate in a simple manner and require low maintenance. Nowadays, these types of blowers are used along with variable frequency drives (VFDs) for speed control and to improve the blower’s operational efficiency. The most common fields of applications for positive displacement blowers are air injection in the oxidation tanks of wastewater treatment plants, pneumatic conveying, and air injection in saturated soils to promote biodegradation of the contaminants. The advantage of positive displacement blowers is that the gas moving through the machine remains uncontaminated and completely oil-free. The main disadvantage of positive displacement blowers is their high temperature and noise levels during operations.

By the End-Use industry, Water and wastewater treatment is expected to have the largest market share during the forecast period

The water & wastewater treatment end-use industry accounted for the largest share of the blower market. Blowers are a crucial element of wastewater treatment facilities, where they are utilized to power a variety of applications. Some of the most common processes and applications of blowers include diffused aeration, filter backwashing, grit chamber aeration, anaerobic digestion, sequencing batch reactor (SBR), moving bed biofilm reactor (MBBR), membrane bioreactor (MBR), lagoon aeration, and activated sludge process. Blowers are mostly used in the secondary phase of treatment to create air bubbles for aeration and agitation processes.

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The Asia Pacific is expected to be the largest region in the blower market

The Asia Pacific is expected to be the largest in blower market during the forecast period. The region is experiencing rapid development and growth fueled by the growth of major economies such as China, India, Malaysia, Indonesia, Thailand, Vietnam, South Korea, and Japan. According to International Monetary Fund (IMF), the region’s economy is forecast to swell by 6.5% in the fiscal year 2021 and 5.7% in the fiscal year 2022. The growth slowdown as a result of the COVID-19 pandemic in 2020 significantly affected the region, which saw its economy decline by about 1.5% in 2020.

Some of the major players in the global blower market are Ingersoll Rand (US), Atlas Copco (Sweden), Aerzen Machine (Germany), Xylem (US), and Kaeser Kompressoren (US). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.

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