Asia Pacific High Speed Blowers Market size surpassed USD 180 million in 2021 and is poised to exhibit a CAGR of 4% from 2022 to 2028.
Wastewater infrastructure development activities are considered a key response to the escalating rate of groundwater depletion and the growing necessity for water treatment in the Asia Pacific. This has resulted in the mounting consumption of air blowers to create strong pressure and efficient airflow in aeration systems, which can enable aerobic microorganisms or bacteria to treat sewage.
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Despite the lack of access to finance and environmental regulations impacting chemical production in China, there is an opportunity to establish chemical product manufacturing bases in major Asian economies like Indonesia, South Korea, India, and Japan. For example, in May 2022, Japan-based AGC unveiled its plan to invest nearly USD 770 million to augment the production of caustic soda and other chemicals in Thailand. This initiative has proved beneficial for the development of the Asia Pacific high speed blower industry, given the usage of industrial blowers to remove fine particulates from the air.
Impact of COVID-19 on the market
The consumption of turbo blowers was adversely affected by the temporary shutdown of oil and gas and chemical production facilities during the coronavirus pandemic in the APAC. However, post-pandemic, the industrial sectors are witnessing a sustained recovery, backed by the rising introduction of national relief funds.
Amid the skyrocketing fuel prices, governments are emphasizing the adoption of required measures to ensure consumers get relief from high oil prices. As a result, blowers will continue to be adopted on a large scale in oil and gas and other industries, paving the way for the development of the Asia Pacific industry.
Asia Pacific Market, By Technology
The airfoil bearing blower segment revenue will cross USD 140 million by 2028, due to the rapid issuance of energy efficiency standards to reduce carbon emissions. The airfoil bearing technology is gaining widespread adoption as a reliable solution for turbo blowers and other high-speed applications, given its favorable features like energy-saving, low maintenance costs, and user-friendliness.
Asia Pacific Market, By Country
Indian market will depict commendable growth during the forecast timeline, driven by the acceleration of oil and gas spending and the rising budget allocation for water treatment. Refining, pressurization, and other oil and gas systems require accurately designed blowers for specific, technological treatments like thermal oxidizer processes.
Competitive Industry Landscape
Major players involved in the Asia Pacific high speed blowers market include Nanjing Magnetic Valley Technology Co., Ltd., Esurging (Tianjin) Technology Co., Ltd., Aerzen Turbo Co., Ltd., Eminent Blowers, Zi-Argus Ltd., Xylem, and Atlas Copco. New product launches, mergers and acquisitions, and business expansion are among the key initiatives being undertaken by these companies.