April 20, 2024
Positive Displacement Blowers Market

Positive Displacement Blowers Market To Be Valued At USD 2.31 Billion By 2024 Owing To Increasing Demand From Chemical Industry

The positive displacement blowers market has seen substantial growth in recent years on account of their widespread application across various end use industries such as the chemical, petrochemical, oil & gas and waste water treatment industries. Positive displacement blowers offer advantages such as high compression ratios, capacity to work in contaminated air environments and smooth constant airflow which makes them ideal for applications requiring high pressures.

The Global Positive Displacement Blowers Market is estimated to be valued at US$ 2.31 Bn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the positive displacement blowers market are Hitachi Ltd., Busch SE, Gardner Denver, Eurus Blowers, Howden Group, Aerzen, Tuthill Corporation, AMCL Machinery Limited, Kaeser Kompressoren, Airtech Blower Industries, Greatech Machinery Industrial Co. and Ltd. These players are focusing on new product development and expansion strategies to strengthen their market position.

The key opportunities in the market include increasing demand for positive displacement blowers from end use industries such as oil & gas, petrochemical, waste water treatment, among others. Furthermore, rapid industrialization and growing infrastructure development activities across developing economies offer lucrative growth opportunities.

The global Positive Displacement Blower Market Trends is expected to witness significant growth owing to rising demand from regions such as Asia Pacific, Latin America, and Middle East & Africa. The increasing number of manufacturing units, refineries and petrochemical plants in these regions will drive the demand for positive displacement blowers during the forecast period.

Market Drivers

Increasing demand from the chemical industry is one of the major drivers contributing to the growth of positive displacement blowers market. Positive displacement blowers are widely used in chemical industry for applications such as fluidized bed drying, filtration and oxygen injection. The growing chemical processing industry driven by rising demand from end use industries is expected to drive the demand for positive displacement blowers over the forecast period.

PEST Analysis

Political: Positive displacement blowers market is influenced by government regulations and standards related to workplace safety, emissions, and energy efficiency. Newer regulations aim to reduce noise and emissions from industrial machinery.

Economic: The growth and cyclical nature of end-use industries such as mining, oil & gas, food processing affects demand for positive displacement blowers. Investments in infrastructure and industrial projects create opportunities for blower manufacturers.

Social: Workplace safety is a key concern, driving demand for blowers with features like low noise operation and minimal vibration. Sustainable operations are also important to create socially responsible workplaces.

Technological: Advances in materials and designs help improve blower efficiency. The use of advanced coatings and seals enhances component life. Variable speed drives facilitate energy savings. Sensor technologies enable remote monitoring of blower health.

The positive displacement blower market in terms of value is concentrated in regions with major process industries like North America, Europe, and Asia Pacific. North America holds the largest share owing to its large chemical and oil & gas industries.

The highest growth for positive displacement blowers is projected in Asia Pacific due to rising investments in industries and infrastructure across developing countries like China and India. The region’s share is expected to increase significantly over the forecast period on account of growing manufacturing activity and rapid industrialization.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.