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Europe High Speed Blower Market Size By Technology (Airfoil Bearings, Magnetic Bearings), By End-user Industry (Wastewater Treatment, Chemical, Oil & Gas, Chemical, Marine), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Published Date: November 2020 | Publisher: Graphical Research Report ID: GR1529 | Delivery : PDF  Request Free Sample

Industry Trends

Europe High Speed Blower Market share was over USD 280.3 million in 2019 and the market will grow at 3.1% CAGR up to 2026.

Europe High Speed Blower Market

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High speed blower industry is projected to accumulate moderate growth in Europe owing to presence of stringent government regulatory for treating wastewater. European Union has joined hands with United Nations to form Strategic Implementation Plan of the European Innovation Partnership on Water (SIPEIPW) in order to promote reuse of water and wastewater treatment. The strategic aim of this plan is focused on creating a greater number of wastewater treatment capacities at significant level by 2030, which will further enhance sales of high speed blower in Europe.

Tertiary treatment accounts for more than 50% of total wastewater treated in Central European countries. In 2015, Germany reported more than 92% of its total treated water coming out of tertiary treatment. Similarly, Austria, Netherlands, Denmark, Belgium, Switzerland, etc. have reported more than 85% of treated wastewater output from tertiary methods. Such trends are driving need for sustainable ecosystem for wastewater treatment facilities, which is projected to further enhance market growth.

Another key growth enabling factor is rising product usage in chemical manufacturing sector in the region. High speed blowers are used for moving corrosive fluids and to provide continuous cooling to other equipment. European chemical manufacturing sector has been estimated to growing at significant rate owing to increasing demand for chemicals worldwide. Germany reported more than 30 million tons of base chemical production output in 2019, which is among the largest country to produce chemicals across Europe. Increasing consumption of chemicals in downstream industries is majorly driving production of specialty chemicals in this region. These factors are expected to influence growth of market during 2020 to 2026.

Ongoing coronavirus pandemic is estimated to slowdown sales of high speed blower in 2020 as compared to previous year. Although wastewater treatment sector has positively affected market share of high speed blower, revenue losses occurred in chemical and oil & gas sector has further reduced overall sales volume for these blowers in 2020. Shutdown of major chemical facilities in Europe, along with partial drop in oil & gas production output has largely affected market demand.

In terms of volume, airfoil bearings hold more than 65% share in Europe high speed blower market. These bearings are preferred choice of manufacturers requiring continuous supply of air and require less time for starting the blower. Wastewater treatment and chemical sector accounts for majority share of airfoil bearing consumption in technology segment of high speed blower.

Marine sector is estimated to grow at 1.8% CAGR in European market during 2020 to 2026. Passenger vessels and offshore platform use high speed blowers owing to their higher rate of ventilation and safety features. At present, Europe has more than 150 large shipyards and holds 35% share in worldwide  marine equipment sales. Positive outlook for marine sector along with growth in shipbuilding activities in Europe will be driving sales of high speed blower industry development by 2026.

Germany is projected to generate revenue of over USD 65 million by 2026, in Europe high speed blower market. Rising facilities for wastewater treatment along with increasing production of chemical products will drive high speed blower demand by 2026. Presence of stringent government regulatory related to wastewater is propelling industry development in Europe. Further, increasing investment from private sector to boost wastewater treatment activities will create opportunity for market growth over 2020 to 2026. In 2018, the European Investment Bank allocated a sum of over USD 3.5 billion for water-related projects to improve conditions in the draught prone areas of Europe. Such trends are expected to drive product demand in the region.

Some of major manufacturer in Europe high speed blower industry are, MinebeaMitsumi, Atlas Copco, APG-Neuros and Xylem UK.

Frequently Asked Question(FAQ) :

The industry share of Europe High Speed Blower Market is projected to witness 3.1% growth rate during 2020 to 2026.
Germany is projected to generate revenue of over USD 65 million by 2026, in Europe high speed blower market. Rising facilities for wastewater treatment along with increasing production of chemical products will drive high speed blower demand by 2026.
Which are the prominent players working in the market?

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