High Speed Blowers Market demand from wastewater treatment application is forecast to record a CAGR of 4% over 2018-2024. The rising environmental concerns pertaining to industrial and residential waste clogging in water bodies will fuel the product demand.Global High Speed Blowers Market share to surpass USD 1 billion by 2024. High product demand across the oil & gas sector and wastewater treatment applications are slated to drive the industry over 2018-2024. European countries including Germany, France, and Italy are making substantial investments in wastewater treatment technologies, driven by the scarcity of clean water in these regions.
As per the report, Europe alone procured 35% of the overall high speed blowers market volume in 2017. The key players profiled in the report are Atlantic Blower, Atlas Copco, Xylem India, Zi-Argus, Eminent Blowers, Spencer Turbine, Aerzen Turbo Division, APG-Neuros, and United Blower Co., LLC. The companies have been profiled in terms of their technology portfolio, SWOT assessment, and strategic outlook.
Magnetic bearings technology will witness heavy demand in the oil & gas exploration activities, driven by its high speed and load bearing capacity. The segment, as per the report, procured 33% of the global share in 2017.
Asia Pacific high speed blowers market is projected to register a y-o-y growth rate of over 3% over the coming six years. Wastewater treatment applications and rising investments in the upgradation of the relevant technologies will majorly drive the regional product demand.
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