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APAC High Speed Blower Market revenue to cross $240 Mn by 2028
Published Date: 2022-07-27
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APAC High Speed Blower Market size is slated to reach USD 240 million by 2028, according to a latest forecast report by Graphical Research.
The market growth is owing to the proliferation of shipyard capacities. As a type of air compressor that increases the pressure and density of air supplied to combustion engines, blowers are found in industrial engines to enhance exhaust ventilation capability, among other key uses. This equipment is particularly deployed in gas turbines, which are industrial equipment extensively leveraged for the construction of marine vessels and other components. In Asian countries, orders for cargo ships have skyrocketed, considering the sky-high profits of shipping companies during the COVID-19 pandemic.
For example, in March 2022, Singapore’s PIL (Pacific International Lines) placed an order for 4 dual-fuel containerships with over 14,000 standard container capacity at Jiangnan Shipyard in China. The growing penetration of shipyards and the expansion of containership fleets will provide lucrative opportunities for the Asia Pacific high speed blower market expansion.
Likewise, high-speed blowers are continuing to gain major attention in the chemical industry and are broadly used to produce fertilizers, ammonia, and other derivatives. Since the petrochemical sector is rapidly boosting its productivity and profitability on the heels of government support in the APAC, major companies are expected to bolster the manufacturing of high-speed blowers.
According to the India Brand Equity Foundation, the national government allocated USD 27.43 million under the Union Budget 2022-2023 for the Department of Chemicals and Petrochemicals. Such initiatives have in consequence.
The magnetic bearings are emerging as a significant driver of high-speed blower acceptance in the APAC. Magnetic bearings can curb metal-to-metal contact with the shalt in turbo blowers, reducing mechanical wear and subsequently extending the blower life and consequently resulting in its widespread deployment. Blowers with proven magnetic bearing technology and high-speed motors have also become a preferred choice for applications like wastewater treatment.
The Asia Pacific high speed blower market from the wastewater treatment segment will grow at a CAGR of 4% through 2028, driven by the limited availability of freshwater reserves and the escalating investment in sewage treatment projects.
Browse detailed statistical insights from the report, “Asia Pacific High Speed Blowers Market Forecast 2028 By End-user Industry (Wastewater Treatment, Chemical, Oil & Gas, Chemical, Marine), By Technology (Airfoil Bearings, Magnetic Bearings), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
In June 2022, Daiki Axis Japan announced an investment of over USD 25.3 million to set up its second water treatment plant in India, with a capacity to generate 1,000 sewage treatment units. Such initiatives, alongside government efforts to advance water treatment infrastructure, will escalate the use of high-speed blowers to provide aeration in activated sewage sludge plants and promote aerobic digestion.
China high speed blower market size is anticipated to register nearly USD 80 million by 2028, given the high awareness of water pollution and the escalation of shipbuilding activities. Additionally, the country is continuing to emerge as a major hub for chemical companies, with increased production planned for the future. For example, BASF forecast an increase in regional chemical production by 6.3% in 2021. Such factors are providing an edge for the high-speed industrial blower manufacturers to expand their product portfolio for use in pollution control applications, which is vital to chemical facilities and other plant operations.
The APAC high speed blower market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2017 to 2028, for the following segments:
Asia Pacific Market, By Technology
- Magnetic Bearings
- Airfoil Bearings
Asia Pacific Market, By End-user
- Wastewater Treatment
- Oil & Gas
The above information has been provided for the following countries:
- Asia Pacific