According to the Graphical Research new growth forecast report titled “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”, to Witness Vast Growth by 2026.
The Europe high speed blower market will expedite at a significant rate over the projected time period. Growing affinity for using treated water along with rising production of chemicals in Europe is expected to drive sales volume of these blowers by 2026. Technological advancement in the field of high speed blower is estimated to increase product demand in end-user industries. Top manufacturers are working on designing new products having minimum vibrations, require low maintenance, and have better aeration options. In March 2018, Atlas Copco inaugurated operation of its compressor factory powered with solar cell, which is aimed at reducing around 600 tons of carbon dioxide emissions from factory each year. These technological advancement will be enhancing product performance at longer period of time, which will further drive product demand by 2026.
Although product is gaining substantial attention from end-user industries, the challenges associated with higher product prices and its complex operation is expected to slow down market growth rate over projected timeframe. This is majorly attributed to their ability to attain high efficiency and elevated aeration speed. This blowers require trained personnel for handling them, which further puts pressure on high speed blower price. However, rising product demand in end-user industries due to its high performance may influence share of Europe high speed blower industry growth over projected timeframe.
Magnetic bearings will account for over 30% volume share in Europe high speed blower market in forecast timeframe. These technology consumes low amount of energy and power and move over 50,000 RPM without any conjectures. The product finds its application in oil & gas exploration activities, where a continuous high speed is required in the cooling towers with the ability to take larger loads.
Oil & gas sector is a key end-user which is expected to generate a market revenue of over USD 60 million by 2026. The sector require abundant amount of aeration for cooling pumps and hydraulic power station. The product is also used for ventilation in refining furnace, temperature controlled air-cooled heat exchangers, etc. applications. Growing oil & gas exploration activities in Russia and Norway is expected to drive market size.
France will witness significant growth in market over projected timeframe. This is majorly attributed to increasing product consumption in the end-user industries including chemical, wastewater treatment, oil & gas, etc. The countries in the region have reported substantial increase in the output of crude oil in 2018. Additionally, proliferation of shipbuilding sector in Europe will enhance product demand by the end of forecast time period.
Some of the key Europe high speed blower industry participants are Atlas Copco, Xylem, MinebeaMitsumi and APG-Neuros. These players have created strong competition for new players in the market using various strategic initiatives. Some of the key strategies are new product development, merger & acquisitions and production capacity expansion. In September 2018, Atlas Copco acquired Reno A/S, a manufacturer and distributor of compressed air solution with large equipment distribution and aftermarket network.