High Speed Blowers Market Size, By Technology (Airfoil Bearings, Magnetic Bearings), By End-user (Wastewater Treatment, Oil & Gas, Chemical, Marine) COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Foreca

High Speed Blowers Market Size, By Technology (Airfoil Bearings, Magnetic Bearings), By End-user (Wastewater Treatment, Oil & Gas, Chemical, Marine) COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032

Global High Speed Blowers Market is projected to demonstrate massive growth through 2032, owing to the increasing awareness about hygienic water consumption. In addition, a rapid increase in oil and gas exploration is expected to add impetus to the demand for high speed blowers, since they are required to convert crude oil into useful final products.

The key industry players in the high speed blowers market are constantly incorporating strategic moves such as mergers and acquisitions, partnerships, and product launches to strengthen their market foothold. For instance, in October 2022, Xylem Inc., a leading global water technology company inked an MoU with Gross-Wen Technologies Inc. (GWT), a firm that focuses on deploying ecologically-sustainable algae-based wastewater treatment solutions in Singapore. The algae produced during this treatment will then be harvested and further used to make bioplastics, fertilizers, and biofuels.

Overall, the global high speed blowers market is bifurcated in terms of technology, end-user, and region.

In terms of technology, the airfoil bearings division is slated to grow at more than 3% CAGR through the estimated timespan. Airfoil bearings are most preferred for plant designs considering continuous operations, a clean air supply, and fewer start or stop cycles.

Based on end-user, the chemical segment is expected to be valued at USD 150 million by 2032. As high-speed blowers are used in chemical processes, with rising industrial activities, the demand for such blowers is expected to increase in the upcoming time. Besides, these blowers offer a continual cooling ability, which is required in the chemical industry as gas, liquids, fluids, and solid substances are processed and then converted via several treatments, which can end up generating unstable atmospheres.

In terms of regional aspects, the Asia Pacific high speed blowers market is expected to grow steadily through 2032. The growth can be accredited to the growing demand from emerging nations including India, China, and Japan. Besides, the constantly rising demand for wastewater management in India and China is driving the regional product demand. The presence of several key players in high-speed blowers, along with the penetration of end-use companies will support industry growth in the coming years.

Some of the key players operating in the high-speed blowers market are Xylem Inc., Atlantic Blower, Houston Service Industries Inc., Atlas Copco AB, Zi-Argus Ltd., Aerzen Turbo Co. Ltd., APG Neuros Inc., Eminent Blowers, United Blower Inc., Spencer Turbine Company, Continental Industries Esurging (Tianjin) Technology Co. Ltd., Howden North America Inc., and Gardner Denver Inc.