5 trends defining the regenerative blowers market over 2018 to 2024
Date: 2018-08-06   Author: Sunil Hebbalkar  Category: #market

5 trends defining the regenerative blowers market over 2018 to 2024

The robustly changing standards of living and rapid growth of the F&B sector will reportedly drive regenerative blowers market over 2018-2025. The prevalence of highly advanced technological developments will further stimulate regenerative blowers industry growth.

Five trends prevalent in regenerative blowers market:

  • In 2017, single stage products held nearly 70% of regenerative blowers industry share, driven by their rising preference to handle fragile food products in food and beverage companies.
  • As per estimates, the F&B industry in APAC region will grow at an annual growth rate of 4.5% over 2018-2025, owing to the changing dietary preferences and shifting trends toward the consumption of ready-to-eat food. In consequence, this is expected to propel Asia Pacific regenerative blowers market size, slated to register a CAGR of more than 5% over 2018-2025.
  • Reports claim that with the growing requirement of agrochemicals, regenerative blowers market share from the chemical sector will record an annual growth rate of 4.5% over the years ahead. The chemical industry has been depicting a steady rise across the emerging nations, positively supporting the expansion of the overall regenerative blowers market.
  • Reportedly, three-stage regenerative blowers industry is slated to register an annual growth rate of about 3.5% over 2018-2024 driven by the high air flow generation capability of this blower. The rising demand for this blower across the pharmaceutical, manufacturing, textile, and paper & printing sectors will also augment the industry growth.
  • Regionally, by the end of 2025, Europe will hold 30% share of regenerative blowers industry, pertaining to the strong growth across the petrochemical, chemical, medical, and agrochemical sectors across this region.

The competitive spectrum of regenerative blowers industry is quite diverse inclusive of big shots such as Busch LLC, Atlnatic blowers, Hitachi Limited, The Spencer Turbine Company, Gardner Denver, KNB Corporation, Becker Pump Corporation, Airtech Air Systems Ltd, Elektror Airsystems, Gast Manufacturing, Rexchip Blowers, and Ametek Inc.

About Author

Sunil Hebbalkar

Sunil Hebbalkar

Sunil currently works as an content writer at AlgosOnline. A Post graduate mechanical design engineer by qualification, he worked as an intern at the defense lab for one year in the engine design and development department before switching his professional genre. Foll...

Read More

More from Sunil

Post Recommendents

Spandex Market Growth Forecast to 2023| BASF, DuPont, Invista and Mitsubishi Chemical
Author: Rahul Varpe

Growing application scope in apparel and textile industry is likely to drive spandex market over the forecast period. They are used in textile manufacturing applications such as leggings, gloves, cycling jerseys and competitive swimwear. Spandex m...

Global Industrial Interlock Switches Market is anticipated to grow at a strong CAGR by 2023
Author: Partha Ray

MarketStudyReport.com add New Report Global Industrial Iot Gateway Market to its research database. The report focuses on global major leading players with information such as company profiles, Growth, product segment, technology segment, end user...

Industrial Installation Testers Market Size 2018 - Application, Trends, Growth, Opportunities and Worldwide Forecast to 2023
Author: Partha Ray

Market Study Reports recently added a detailed market research study focused on the Global Industrial Interlock Switches Market across the global, regional and country level. The report provides 360° analysis of Industrial Interlock Switches Ma...