Positive Displacement Blowers Market Size By Product (Twin Lobe, Tri-lobe), By End-user (Water & Wastewater Treatment, Packaging, Industrial, Aquaculture, Oil & Gas, Chemical, Power Generation), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032
Global Positive Displacement Blowers Market is expected to expand positively through 2032 owing to the increasing uptake and the subsequent rise in the production of dairy products in the Asia Pacific region.
The high cost and rising trade constraints associated with positive displacement blowers may hinder market growth in the ensuing years. However, the rapid expansion of the oil and gas business worldwide will positively influence the industry growth. The industry will depict a strong growth potential attributed to the rising need for blowers in the packaging sector.
For instance, in October 2017, Howden purchased Siemens' turbomachinery equipment division in Europe and China to build a comprehensive and extensive variety of compressors, fans, blowers, and steam turbines. In addition to expanding its worldwide reach, the joint venture will encourage regional market innovation.
The positive displacement blowers market has been bifurcated in terms of product, end-user, and region.
Based on end-user, the water & wastewater treatment segment is poised to grow at more than 5.5% CAGR from 2023 to 2032. Positive displacement blowers industry growth will be significantly aided by the robust growth of the water and wastewater treatment sector throughout the forecast period. Water supplies have recently been heavily contaminated by manufacturing and processing facilities.
Meanwhile, the packaging segment is speculated to attain high gains over the review timeline. One of the main markets for positive displacement blowers is the packaging sector. The packaging business has consistently posted decent growth rates and is anticipated to witness a similar trend during the foreseeable term.
From the regional perspective, the Asia Pacific positive displacement blowers market is set to propel steadily through the forecast period. As 80% to 90% of Asia's wastewater is released without processing, the region's water supply-demand difference will be 40% by 2030. This element will create fresh growth opportunities for the sector in the foreseeable future because Asian nations have untapped potential for wastewater treatment.
Additionally, the manufacturing and packaging sectors in Asia, particularly in China, India, Vietnam, Thailand, and Indonesia will experience growth in the years to come. Besides, a number of multinational corporations are expanding their manufacturing operations into Asia due to the region's access to cheap labor and land. These factors, in tandem, will create positive growth prospects for the positive displacement blowers market during the projection period.
The competitive landscape of the positive displacement blowers market is highly established. Some of the major players operating in the market include Eurus Blowers, Busch SE, Hitachi Ltd., Gardner Denver, Aerzen, Howden Group, Tuthill Corporation, Kaeser Kompressoren, Airtech Blower Industries, AMCL Machinery Limited, KPT Blowers, and more.
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