High Speed Blowers Market Research Report: Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Company Profile, Product Picture and Specifications during the Forecast period by 2024.
High Speed Blowers Market is forecast to exceed USD 1 billion. Significant product demand across industries such as oil & gas and wastewater treatment is expected to augment the high speed blowers market in the forecast period. Increasing consciousness for treating impure or stagnant water and converting those into consumable for industrial and household purposes will drive the high speed blowers market in the near future. In 2017, waste water treatment has accounted over 30% of the overall High-Speed Blowers Market. Scarcity of consumable water, mounting water borne ailments, risks to aquatic lives etc. are few crucial reasons for treating wastewater. Various countries in Europe are developing new technologies to make the waste water consumable in minimum timespan and are also upgrading old treatment plants with modern equipments and leading-edge technologies to fight the water scarcity in the region, which will augment the turbo blowers market by 2024.
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Imposition of strict regulations from the governing bodies and considerable investments from various organizations are expected to boost the product market. For instance, in 2017 the European Investment Bank announced a sum of USD 3.7 billion for water related projects in the draught prone areas in Europe. The investment would focus on reliable provision of sustainable and affordable water and wastewater-related services both in quantity and quality. It would also help in increasing the energy efficiency processes and recovery procedures. Thus, growing responsiveness to improve the water quality and quantity would directly propel the high speed blowers market in the forecast timespan.
High product rates and complicated operations of the blowers may prove to be a barrier in the growth of high speed blowers market. The complex functioning of the product requires trained personnel which may become an obstacle for the high speed blowers market in the projected timeframe. However, excellent product properties such as high speed, widespread operations, high competence, temperature control etc. will uplift the growth of industry in the forecast timeframe.
Magnetic bearing registered more than USD 300 million of the global turbo blowers market in 2017. This bearing technology has extensive application in oil & gas and marine industries owing to its great speed that can go upto 50,000 RPM and move without any glitches. The magnetic bearing provides high cooling consuming minimum energy and power. These blowers posses sensory properties which examine the conditions and provides continuous air flow and enhanced cooling. It also keeps regular track on the machines health.
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North America turbo blowers market is projected to grow at over 3% CAGR. Solid wastes from different industries and the small sized wastewater treatment facilities in the region are becoming an obstructing factor in the growth of the product market. This would not only result in clean water scarcity but would also affect the human and aquatic health. American Society for Civil Engineers (ASCE) are collecting funds to invest in the proper construction of more and more wastewater treatment facilities in every districts. The increasing construction of these treatment plants will create strong growth prospects for high speed blowers market.
Key players holdings high speed blowers market share includes Spencer Turbine, Aerzen Turbo Division, Xylem India, United Blower Co, Atlantic Blower, Zi-Argus, Eminent Blowers, Atlas Copco, HIS Blowers and APG-Neuros. These players are making considerable investment for expanding branches to the untapped areas to benefit from the opportunity and increasing their market share. For instance, in December 2017 Zi-Argus announced its expantion plans for its regional organization in Bangkok, Thailand.