Global High Speed Blower Market Analysis & Trends - Industry Forecast to 2030
High Speed Blower: Market Size
From $823.21 million in 2024, the global High Speed Blower market is projected to reach $1,201.18 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 6.5% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include growing awareness of wastewater treatment process, stringent mandates by government bodies regarding wastewater treatment, and rapid rise in oil & gas exploration.
Global High Speed Blower Market: Market Dynamics
Rising industrialization in emerging nations, such as China, India, Brazil, South Africa, etc., has created a major decline in the level of consumable water and raised the level of groundwater contamination. Many emerging nations are presently witnessing a huge scarcity in the level of disposable water and an increase in groundwater adulteration. These factors are not only affecting human health but also raising a major concern on aquatic life. Subsequently, rising environmental awareness on the use of clean consumable water in developing countries will augment the high-speed blowers market demand.
On the other hand, the complexity in blower functioning and high product price are likely to obstruct the profit boundaries. In addition, technological advancement and superior properties over traditional blowers such as higher speed, higher efficiency, wider operating range, low maintenance, and temperature control will further boost for the high speed blower market.
Impact of COVID-19 on High Speed Blower
The blower market is facing an immediate impact of COVID-19 as both manufacturing & supply chain operations are disrupted and consumer performance faces similar challenges. COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery. Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans. This had a huge impact on the entire supply chain, beating blower producers with lag.
By End User
Water Treatment Segment Dominate the Market in 2024
The water treatment segment made huge revenue in 2024 and growing its prominence during the forecast period. The scarcity of clean water, threats to aquatic life, growing water-borne diseases, etc., are some of the major reasons for treating wastewater. These processes are widely applicable across the industrial & residential sectors due to rising environmental & aquatic concerns. Several European nations are upgrading and developing wastewater treatment plants to contest their water scarcity, which will directly propel the high speed blowers market growth. The increasing gap between water demand & supply coupled with government regulations on water reuse & recycling projects is likely to propel the market growth
By Geography
Europe Region is Leading in the Global Market Place
Europe region is likely to have a huge demand in the forecast period owing to the increasing wastewater treatment awareness and stringent regulations implemented by environmental regulation bodies in the region. The European Union (EU) and the United Nations (UN) together launched the Strategic Implementation Plan of the European Innovation Partnership on Water (SIPEIPW) have been bought to maximize the reuse of water and wastewater treatment for its usage as non-potable water. The strategy targets to provide a significant increase in its level of water by 2030 with rise in the number of wastewater treatment facilities.
List of the Key Players Profiled in the Market Include: • Aerzen Turbo Co., Ltd
• APG Neuros, Inc
• Atlantic Blower
• Atlas Copco AB
• Continental Industries
• Eminent Blowers
• Esurging (Tianjin) Technology Co., Ltd
• Gardner Denver, Inc
• Houston Service Industries, Inc
• Howden North America, Inc
• Nanjing Magnetic Valley Technology Co., Ltd
• Spencer Turbine Company
• United Blower, Inc
• Xylem, Inc
• Zi-Argus Ltd LLC
List of the Regions/Countries Profiled in the Market Include: North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others