The rise in the global food & beverage industry owing to emerging trends in global cuisine, changing dietary habits, and easy availability of ready to eat products is expected to drive the demand for regenerative blowers in the market. These are extensively used in the drying of food & beverage items. Apart from these, these are used for moving food items, food packaging, food washing equipment, bottle filling machines, and others. These avoid the damaging of the food items and help in loss prevention during the manufacturing or packaging stage. These are widely used in the movement of air and fluids in major medical equipment. In addition, these are used in applications such as dental evacuation, laboratory analysis, sterilization, support surfaces, surgical fume evacuation, pill dispensing, respiratory assistance, dental aspiration, and dental vacuum. The rise in healthcare expenditure coupled with the increase in R&D activities is anticipated to fuel the regenerative blower market revenue.
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Market Trends
Rapidly Increasing Wastewater Treatment Projects Boost Demand for Regenerative Blowers
Countries globally are trying to identify long-term solutions for pure water sanitation and have started urban & sewer system projects for improving the health of people and the environment in nearby areas. In Cambodia, Kanchan arsenic filter, which removes the arsenic contamination from the groundwater, is improving the groundwater safety in many rural areas. These blowers are used to assist nature for converting the wastewater into a purified state. The aeration of organics takes place through pumping air to the wastewater by using these blowers. These are also used to move the wastewater and to remove it from the entire treatment system.
Rapid Change in Food and Beverage Industry is A Key Driver for Market Growth
With changing dietary habits and easy availability of ready to eat products, the demand for the regenerative blowers is rising. With the help of these blowers, the food and beverages can be dried, which can be used to preserve for a longer time. Apart from these, it also helps in manufacturing and packaging stage of food and beverage industries.
Industrial Sector to Gain Significant Traction in Near Future
In combustion furnaces, these blowers are used to supply oxygen for blast off applications. Rapid industrialization, huge investments, and supportive policies are expected to accelerate the growth of industrial manufacturing in the future. Moreover, technological progressions associated with robotics & automation, IoT, cloud computing, and digital transformation are anticipated to boost industrial production output and boost the industry growth.
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COVID-19 Impact Analysis
- The coronavirus’s unfavorable global effects are already evident, and it had a big impact on the regenerative blower market in 2020.
- The World Health Organization (WHO) declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths globally. Exports & imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
- The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy’s already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
- Since the pandemic, the restriction of imports and exports has affected the regenerative blower market to a great extent as consumers’ consumption and demand patterns are changing amidst the pandemic.
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