Europe High Speed Blowers Market size exceeded USD 240 million in 2021 and is expected to record a 3% CAGR between 2022 and 2028.
Increasing usage in the chemical manufacturing sector will lead to a positive outlook for the Europe market. With the thriving demand for chemicals worldwide, the chemical manufacturing sector is expanding at a significant rate in Europe. This can be attributed to the rising consumption of chemicals in downstream industries.
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High speed blowers are primarily used for transporting corrosive fluids and offering continuous maximum performance and cooling to other equipment with the help of advanced energy management systems. The increasing adoption of tertiary wastewater treatment and the emergence of various trends driving the need for sustainable ecosystems for wastewater treatment facilities will fuel the industry dynamics.
The rapid stream of technological advancements in Europe, including K-Turbo technology, and the strong presence of stringent government regulations for treating wastewater will favor the regional market growth. For instance, the SIPEIPW (Strategic Implementation Plan of the European Innovation Partnership on Water), led by the European Union (EU) and the United Nations focuses on creating larger wastewater treatment capacities at a considerable level by 2030.
COVID-19 pandemic impact on the Europe high speed blowers industry outlook
The coronavirus outbreak drastically slowed down sales of high-speed blowers mainly in 2020 in comparison to the previous year. The abrupt shutdown of major chemical facilities in Europe, combined with the partial drop in oil & gas production output posed immense obstacles to the market demand. While revenue losses were observed in the chemical and oil & gas sector, the wastewater treatment sector positively contributed to the industry growth.
Europe Market, By Technology
The airfoil bearings segment will grow at a significant CAGR through 2028, due to rising preference by manufacturers that require a continuous supply of air in less time for starting the blower. They are largely preferred over magnetic bearings and are useful in applications that typically have constant speeds and light loads. Increasing penetration in wastewater treatment and the chemical sector will additionally influence the market development.
Europe Market, By End-user
The marine sector will gain an outstanding momentum through 2028, owing to the increasing demand for these blowers by passenger vessels and offshore platform to offer higher rate of ventilation and safety features. They are mostly deployed for increasing the overall efficiency of the engine. The rising number of shipbuilding activities is another factor driving the market outlook.
Europe Market, By Country
The Germany high speed blowers market will surpass USD 70 million revenue by 2028, driven by the increasing number of facilities for wastewater treatment and the stringency of government regulations related to wastewater, such as the Waste Water Charges Act. The surging count of investments from private sector for boosting wastewater treatment activities and the expanding production of chemical products will further anchor the regional market progression.
Competitive Industry Landscape
Some of the leading companies operating in the market include Xylem UK, Atlas Copco, MinebeaMitsumi, and APG-Neuros. These companies are actively implementing inorganic marketing strategies and various other initiatives for scaled revenues and increased customer reach.