Positive Displacement Blowers Market Share, Growth Potential & Trends
Category: #business  By Rahul Varpe  Date: 2022-11-24
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Positive Displacement Blowers Market Share, Growth Potential & Trends

The positive displacement blowers market is likely to observe an exponential growth by 2028 owing to a growing product demand from a number of high-revenue application avenues. The high efficiency, flexibility it offers, along with the low maintenance it requires is greatly fostering its adoption across the globe.

Additionally, the quieter operation and less life-cycle costs associated to the product are further projected to drive market expansion through the forecast period.

The positive displacement blowers have a robust demand for the movement of gas and air for various applications, with widespread uses in industries like mining, food and beverage among others.

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Moreover, positive displacement blowers as compared to other centrifugal blowers are very less susceptible to particles and dust and are easy to repair, requiring basic tools, which has played a vital role in product adoption in recent years.

Notably, the rising adoption of positive displacement blowers for the treatment of wastewater and water has driven the market expansion. Rising water pollution due to rapid urbanization has accelerated the need to recycle water waste in an efficient manner. With increasing population, the demand for freshwater is also rising, which has positively affected the market demand.

The positive displacement blowers industry landscape has been divided on the basis of product, end-use, and region.

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With reference to end-use, the market has been bifurcated into packaging, water and wastewater treatment, aquaculture, industrial, chemical, oil and gas, power generation, and others.

Out of these, the chemical segment recorded a valuation of more than $300.6 million in 2021, with projections anticipating it to reach the $429 million by 2028. To achieve this feat, the market is expected to witness a CAGR of more than 5.4% through the forecast timeline.

The power generation is slated to expand at a tremendous pace owing to rising investments in construction of new power plants. Overall, the segment is expected to register a CAGR of over 4.8% through the analysis timeline.

From a regional standpoint, the Europe positive displacement blowers market has contributed to the market significantly, by reaching a valuation of more than $615 million in 2021. The region is further slated to grow at a CAGR of 5.3% over the forecast period, reaching a sizeable valuation of more than $872 million.

Meanwhile, the Latin America positive displacement blowers industry has been observing lucrative growth over the recent years, having reached a valuation of $184.5 million in 2021. The market is further poised to observe sturdy growth and reach a valuation of over $254.7 million with a CAGR of 4.9% between 2022-2028.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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