APAC Positive Displacement Blowers Market to garner substantial returns over 2018-2024, increasing investments in wastewater treatment to augment the regional expansion
Publisher : Fractovia | Published Date : 2018-06-21Request Sample
Positive displacement blowers market has been projected to record remarkable growth over 2018-2024, given that the product is extensively deployed across the wastewater treatment, oil and gas, cement plants, and agriculture industries. Aerzen USA’s recently inaugurated $7 million addition to its Coatesville area headquarters and manufacturing facility is an instance depicting the robust demand for these blowers. Aerzan, one of the prominent leaders in the positive displacement blowers industry has indeed passed another milestone in addition to its already appreciable contribution toward industrial grade positive displacement blowers market.
U.S. Positive Displacement Blowers Market Size, By End-user, 2013 - 2024 (USD Million)
The oil and gas industry can be considered as a pivotal growth avenue for positive displacement blowers market as the product is used in various processes such as hydrocracking, reforming, fractioning and catalytic cracking. The O&G industry indeed, is specifically responsible for the growth of positive displacement blowers market in the U.S. At the end of 2017, the U.S. oil and gas industry had been described to be strong enough with upscaled crude oil prices and the abundance of unconventional resources in the U.S. In 2016, Cobalt, a U.S. based company discovered natural gas in offshore Angola and recent discovery of crude and natural gas reserves by Sonangol showed that it can produce up to 2 million barrels per day for the coming three years. With the increase in extraction activities, refinery expansion is a natural follow-up, which is certain to drive U.S. positive displacement blowers market.
The APAC belt has been instrumental in its contribution toward industry, specifically on account of the rapid industrialization in the continent. The chemical industry in India has expanded to become the third largest in Asia and globally, is positioned at the sixth place. Estimates show that the India chemical industry will double its share in the global landscape to 5% to 6% by 2021, with 8% to 9% growth in the next decade. A number of MNCs have shifted their focus to India to set up their manufacturing hubs, pertaining to low-cost labor, larger workforce, availability of raw materials, large consumer markets and adaptability to technology. Consequently, this has set the ground strong for the development of positive displacement blowers market in the region.
In the latest news, one of the chemical industry players, AkzoNobel Specialty Chemicals, announced its plan to expand the capacity of the organic peroxides facility in Maharashtra, India with an investment of €4 million to cater to the increasing demand for the chemical in India and the Middle East. India has in fact become a lucrative market for foreign investors in the chemical industry owing to supportive steps from the government like the Make in India initiative. Given that product is extensively used in conveyance of gases including hydrogen, acetylene, vinyl chloride, ethylene, lime kiln gas and hydrogen sulphide, it is rather overt that the growth of the chemical sector is directly proportional to the development in positive displacement blowers industry.
Given the robust pace of industrialization, wastewater production has increased considerably since the last few decades, a factor that has provided quite some impetus to the market. In this regard, Asia Pacific has accounted for a sizeable share of positive displacement blowers market share on account of expanding industrialization scenario in the region. Consequently, countries like China have also been focusing on employing means for wastewater treatment, thereby increasing the demand for positive displacement blowers. Around 61.5% of groundwater and 28.8% of river water have been classified as unsuitable for usage in the country. A BBC research even depicted that agricultural wastewater also receives little treatment in China, on the grounds of which the government is trying to establish wastewater treatment facilities in large livestock and poultry farms. According to latest reports China is aiming to massively increase investments in wastewater treatment, a move that is expected to add momentum to the regional positive displacement blowers market over 2018-2024.
Technological advancements have lately led to the manufacture of replacement devices that function better than these blowers – a fact that may threaten positive displacement blowers industry outlook. However, these devices are rather expensive and not very convenient to operate. This would be specifically advantageous for markets like China and India that require relatively low cost wastewater treatment methods. The emerging economies thus, in the ensuing years, would prove to be major growth grounds for positive displacement blowers market, the valuation of which is expected to exceed $3 billion by 2024.
