HVAC and Construction

Enumerating hoist sling chains assemblies market outlook with regards to the growth tactics undertaken by prominent industry magnates: APAC to emerge as a major revenue pocket by 2025

Posted on

The escalating demand for material handling equipment across myriad industrial sectors has been fueling hoist sling chains assemblies market over the last few years. The surging use of waterways for international as well as inter-country trading for improving the affordability of transportation also has been enhancing the product demand. In essence, in some of the industrial areas, it has been observed that workers may face hazards with the use of conventional material handling facilities, on the grounds of which companies are deploying hoist sling chains for handling heavy materials. Subject to the robust end-user requirement, hoist sling chains assemblies industry participants have also been investing in research and development activities targeting exceptional durability.

U.S. hoist sling chains assemblies market size, by end-user, 2014 – 2025 (USD Thousand)
U.S. hoist sling chains assemblies market size, by end-user, 2014 – 2025 (USD Thousand)

The latest furor of urbanization and industrialization has led to a surge in the demand for sling chains for transporting and handling heavy loads efficiently. However, minor faults in the design of sling chain can result in major accidents, considering which most of the countries have set strict standards to maintain its working stability in any environmental condition. That said, the contribution of leading industry players toward this business space is also commendable, a few instances of which have been enlisted below:

  • Speaking of setting safety standards, it is prudent to mention that recently, the American National Standard (ANS) set a new standard in order to maintain industrial safety. Apparently, the standards applies to the deployment of sling chains used for fabrication, attachment, inspection, maintenance, and testing of load-handling activities. The updated safety standard has set a benchmark for hoist sling chains assemblies market companies. In order to comply with this new design standard, hoist, hook, sling, and crane assembly manufacturers have found to have been adopting new design techniques and giving preference for advanced materials that will help them to improve their existing in-house product portfolios.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2896

  • Recently, in March 2018, a premier brand of chain and fittings, Campbell® revealed new swivel hoist hooks featured for heavy-duty latch and spring assemblies. Prior to this new launch, for achieving excellent durability, ultimate strength, and better corrosion resistance capability, Campbell® had completely redesigned the hooks with the additional benefit of ease of replacement once they get damaged. As of now, oil refineries are prominently giving preference for easy to use and long-lasting hoist sling chains. The growing requirement for swivel hoist hooks across several jobsites for rigging and lifting is thus slated to augment hoist sling chains assemblies market
  • Taking into account the favorable business opportunities across oil & gas industries, many companies involved in rigging and lifting product supply and manufacturing have been looking forward to broadening their regional reach by signing deals with the already established industry contributors. For instance, one of the U.S. based major providers of rigging and lifting products, Delta Rigging & Tools had acquired Holloway Wire Rope in 2013. After this acquisition, Delta Rigging & Tools expanded its footprints across Kansas and Oklahoma oil & gas fields and strengthened its customer base by implementing similar business tactics in the later years.

In addition to constant drilling activities across the globe for exploration and excavation of oil and gas, the heavy investment in construction activities for improving the country’s infrastructure has also been fueling the product demand. Countries like, India, China, and South Korea, in accordance with the surging industrialization and urbanization, have been investing considerably in infrastructure development, the expanse of which leads to a surge in the demand for hoist sling chains. Indeed, having considered the potential growth prospects that the construction industry in APAC will offer to the global hoist sling chains assemblies market, prominent contenders have been gradually shifting their production base to the region.

Driven by the onslaught of companies and the expanding construction industry, APAC led the overall hoist sling chains assemblies market in 2017 and is expected to grow at an annual growth rate of 9.4% over 2018-2025.

The shifting trends toward automation for ease of working and comfort further will have a considerable impact on the industry growth. In many companies, in order to maintain safety decorum at the workplace while handling heavy loads, sling chains are being preferred for operations. Powered by the continuous infrastructural development activities across the globe, hoist sling chains assemblies market is anticipated to generate a revenue of more than $8.9 million by the end of 2025.

Author NameSunil Hebbalkar

Advertisements

North America and Europe snow blowers market to be driven by the rapidly increasing incidences of snowstorms, technological advancements to augment the industry growth

Posted on

As most of the geographies across the globe get colder under the increasing effect of global warming, North America and Europe snow blowers market is expected to pick up a remarkable growth pace over 2018-2024. Recently, ahead of the 2018 winter season in the northern hemisphere, weather forecasts have started to indicate a severe winter that is expected to bring record breaking amounts of snow. For instance, Britain is being predicted to be in the clutches of the coldest winter in more than a decade with early heavy snowfall that will probably cover the nation.

Plunge in solar activity, its effect on the Arctic airmass, El Nino warming on the eastern Pacific and changes in tropical air patter will also come into play in creating this snow blanket, warn forecasters. As a common precaution snowblowers will be extensively employed to keep everyday life from coming to a standstill, adding a notable impetus to the growth of North America and Europe snow blowers market.

U.S. snow blowers market size, by product, 2013 – 2024 (USD Billion)
U.S. snow blowers market size, by product, 2013 - 2024 (USD Billion)

The winters between 2017-2018 brought heavy snow in some of the most unexpected places when cold air from Siberia raced through Europe and brought uncommon snowfall in Rome, making it imperative for Italy’s civil protection agency to deploy the army to clear the snow in the paralyzed city. Macedonia, norther Greece and Bulgaria as well as parts of the coast of Mediterranean Sea were cover in several inches of snowfall in the beginning of 2018, bring everyday life to a halt. It is predictable that people will be more prepared for the changing weather conditions and equip themselves with machines like snowblowers in the face of impending severe winters, in turn stimulating North America and Europe snow blowers market.

Contradictory as it may seem, global warming is bringing about a major change in winter climate patterns and studies are increasingly indicating that winter snowfall in North America and Europe are about to get worst. New studies have found that winter warming in the Arctic will increase the frequency of severe weather conditions in the eastern U.S. that will include snowstorms and cold snaps. Globally, over the last 20 to 30 years, surface temperatures have warmed in all latitudes with the notably cold winters across much of northern Europe, the United States and northern Asia along with unusually cold winters especially prominent over central Siberia.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2897

In the U.S. East Coast warmer ocean temperatures might be the reason behind the intense nor’easters resulting in increased snowfall as warmer offshore waters would lead to more moisture entering the storm and releasing more energy, with water vapor condensing into raindrops and snowflakes. North America and Europe snow blowers market will therefore register increased scope of expansion as weather change will propel the sale of snowblowers in these regions.

Noting North America and Europe snow blowers market trends, snowblower manufacturers and inventors are bringing innovation to the industry that is not only increasing the sales scope of snow blowers because it is snowing more in recent years but also because these snow blowers are more user and eco-friendly. For instance, recently InventHelp, a company that helps everyday inventors patent their work, helped two inventors from Rhode Island to patent their snowblower wings extension design. This wings kit is designed to clear a wider path while requiring less time and effort.

On a more sophisticated scale, robots like Kobi have been introduced in the North America and Europe snow blowers market that not only removes snow from sidewalks and driveways but picks leaves and even mows the lawn. The robot is equipped with a GPS to link it to the weather forecast so that it can start to remove the snow while it is still light and can recharge itself. It can be operated with an app to define its boundaries and has sensors to help avoid obstacles. With technology making it easier to tackle the snow that is predicted to worsen with global warming North America and Europe snow blowers market is expected to record increased traction over 2018-2024.

Author NameParoma Bhattacharya

Hoist chains market to witness augmented demand from energy applications, rising prominence of renewable energy to boost the industry expansion over 2018-2025

Posted on

Increased infrastructure development activities around the globe have generated considerable remuneration for the hoist chains market, with the rising demand for material handling equipment across construction and energy sectors. The accelerated growth of the automobile and aerospace industries have further influenced the demand for specialized equipment like electric hoists in the manufacturing segment. Requiring much less maintenance as compared to wire rope hoists, chain hoists serve as a very economical alternative to expensive cranes in different environments, propagating the hoist chains industry. A continuous upsurge in energy production and consumption will necessitate the development of conventional and renewable energy power plants over the coming years, propelling the global hoist chains market revenues, which exceeded USD 4.5 million in 2017.

U.S. hoist chains market size, by end-user, 2014 – 2025 (USD Thousand)
U.S. hoist chains market size, by end-user, 2014 - 2025 (USD Thousand)

Reports have shown that worldwide, the electricity generation had increased by 2.8% in 2017, helped by the construction of numerous power plants in many countries and the uninterrupted supply of resources for electricity production. Rapidly expanding natural gas exploration projects have encouraged the setting up of new gas power stations in several regions, while the declining costs of erecting a solar or wind energy farm have strengthened the renewable energy sector. Hoists play an important role in lifting, erecting or moving components while building solar farms and windmills, and the growing number of renewable energy projects will extremely proliferate the hoist chains market.

Experts have predicted that in North America alone, the energy consumption could reach up to 157 quadrillion BTU by 2025, indicating the prospects of new electricity generation plants and the involvement of the hoist chains industry. The communications segment is estimated to utilize nearly 20% of all the world’s electricity by 2025, additionally highlighting the need for more energy production units. The International Energy Agency (IEA) has informed that in 2016, renewables had contributed the maximum capacity addition, with around 165 GW of new production capacity. As evident, a spurt in energy infrastructure projects globally will fuel the hoist chains market expansion, since new undertakings imply the requirement for efficient material handling equipment.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2898

Growth opportunities for the hoist chains market over 2018-2025 from the energy sector:

Solar Energy

In an attempt to lower the overall cost of utilities, power companies and governments around the world has constructing giant solar PV farms, ensuring lucrative prospects for several material handling and support industries. Touted as being the world’s largest solar farm on completion in 2019, the USD 4 billion Benban solar park in southern Egypt will consist of over 5 million PV panels. With such massive facilities comes the need for grid infrastructure to support the supply of energy, which translates to more demand for the material handling equipment companies and, invariably, for the hoist chains industry.

Saudi Arabia also has an ambitious project in the pipeline to build a solar farm that is at least 100 times bigger than any existing ones and is expected to be completed by 2030. There are confirmed schemes in China and India as well to develop giant solar power plants to meet the fast mounting energy demand in the countries. In North America, a 500-acre solar farm has been proposed in the Hancock Country, Indiana, while a Canadian company has agreed to build the largest solar plant in the state of Texas and will complete the construction by 2019.

Wind Energy

Owing to the flexibility, power and compact size, electric chain hoists are quite useful in wind energy turbines, not only helping to lift the turbines during construction, but also inside the turbines to help lift equipment, making the maintenance work easy. As such, vast wind farms, such as the Hornsea Project One being built near U.K., will deploy hoists in the construction phase as well as over the turbine’s lifecycle. The project is to be completed by 2020 and will be the biggest offshore wind farm in the world. Separately, TenneT from Netherlands has planned to build an artificial island around 100km off the Yorkshire coast in U.K. by 2027, which will house a mammoth wind farm capable of producing over 30 GW of power.

With more than 341,300 wind turbines spinning worldwide at the end of 2016 and the extensive wind farm projects in the making, the hoist chains market stands to gain tremendous proceeds over the forecast period from the inevitable need of electric chain hoists.

All in all, the exponential rise in electricity demand will amplify the efforts of countries to extend their energy generating capacities, building both, renewable and conventional power plants, boosting the hoist chains market revenue. Driven by the global increase in industrialization and the overall economic development witnessed worldwide across myriad topographies, the hoist chains industry will surpass USD 9.5 million in terms of earnings by 2025.

Author NamePankaj Singh

Middle East polymer concrete market to accrue substantial returns over 2018-2025, heavy investments in construction activities to propel the industry growth

Posted on

With building developers becoming more conscious about the strength, ductility, and toughness of construction material, polymer concrete market has observed a renewed traction lately. This material is widely preferred on account of its benefits such as improving adhesive characteristics of old surfaces, tensile strength, freeze durability, and flexural strength. In addition, heavy investments in the global construction sector are being made lately, increasing the demand for various types of polymer concretes for providing impermeable toppings over the bridge decks, additives for plasters, and filling for installing tile. The growing involvement of public and private firms in infrastructure development across residential, commercial, and industrial sectors will thus have a significant impact on the polymer concrete industry share.

U.S. polymer concrete market size, by application, 2014 – 2025 (USD Million)

U.S. polymer concrete market size, by application, 2014 - 2025 (USD Million)

In line with the growing construction activities and rising focus on the surging use of polymer concrete materials, the giants in the polymer concrete market are looking forward to investing in capacity expansions. The countries across the Middle East for instance, have been rapidly expanding their existing facilities. In addition, regional governments have been making substantial investments on infrastructure development across this region, further generating lucrative opportunities for the market players.

Validating the aforementioned fact, one of the leading contributors of polymer concrete industry, Sika has expanded its regional reach across United Arab Emirates recently with the establishment of a new concrete admixture production plant in Dubai. The development of a local polymer production facility is slated to reduce the production cost that will become beneficial for customers across the GCC (Gulf Cooperation Council) to fulfil their concrete admixture requirements considerably. In addition, owing to the depletion of fossil fuel resources, the UAE government is shifting its focus on tourism rather investing in oil and gas exploration to diversify the economy. The increasing development of logistic centers and surging deployment of green technologies will propel Middle East polymer concrete market share over the years ahead.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2873

The rising concerns about the carbon dioxide emission is one of the causes fueling the polymer concrete industry outlook. The surging use of cement in road construction activities has led to an increase in carbon dioxide emissions across the globe. On this note, efforts are being made to utilize polymer concrete on a large scale. Reportedly, in Australia across the Victoria region, pavements, roads, and freeways have been developed with the help of geopolymer concrete. Geopolymer is a long molecule that can improve the strength of concrete effectively. The research community, on these grounds, has also been attempting to invest in research and development activities for the betterment of geopolymer concrete. The involvement of regional governments in the development of smart roads for controlling the emissions will thus generate significant business opportunities for the giants in polymer concrete market.

In several earthquake prone regions, to build foolproof earthquake resistant buildings, engineers have been focusing on the use of effective alternate materials. On this note, it is imperative to mention that the researchers from the University of British Columbia have invented new concrete that would be able to withstand tremors. This newly invented eco-friendly ductile cement comprises polymer based fibers that could increase the malleability of concrete instead of letting it crumble under pressure. The increasing importance for lightweight, intelligent, energy producing, and innovative concrete structures across the globe will thus have a positive influence on polymer concrete industry size over the years ahead.

The robust shift in the focus of building developers toward constructing eco-friendly infrastructure over the last few years will push the use of polymer concrete on a large scale. The stand taken by regional governments to improve the economy with considerable investments in roads, buildings, bridges, and renovation of old monuments is also poised to fuel polymer concrete industry trends significantly. For the record, by the end of 2025, polymer concrete market will surpass a revenue collection of USD 600 million.

Author NameSunil Hebbalkar

Agriculture equipment market to garner commendable profits via rising popularity of digital farming, global industry valuation to hit USD 200 billion by 2024

Posted on

The rising populace and the subsequent requirement of enhanced yield for combating the demand for food is certain to push agriculture equipment market trends. According to the United Nations Department of Economic and Social Affairs, the global population is expected to reach 8.6 billion by 2030 – a sizeable number that will exert increasing pressure on global agricultural output. Even considering that fertility levels may continue to decline, the upward trend in population expansion is predicted to continue. As a result, agricultural techniques and resources will have to be more attuned to increase demand, that would prompt agriculture equipment market players to invest substantially in R&D programs that will focus on the advancement of agriculture equipment.

Germany agriculture equipment, by product, 2017 & 2024 (USD Million)

Germany agriculture equipment, by product, 2017 & 2024 (USD Million)

In an era dominated by the Internet of Things, components such as autonomous farm equipment are rapidly gaining popularity. Speaking of technological advancement in agriculture, it will be prudent to mention that the notion of agriculture being an ancient practice that uses conventional means of production which stand in stark contrast with the modernized urban technologies and practices is now undergoing a robust change. Smart solutions, machine learning, and the use of UAVs and robots is ushering a new age in agriculture and in most developed parts of the world, the use of digital and smart farming is becoming the norm.

Digital farming is now introducing the use of robotics, data analysis and sensors in shifting the tediousness of farming processes to more automated processes, increasing agricultural yields and gradually stimulating agriculture equipment market size. This progress in agriculture equipment technology has been met with commendable ardor among farmers who are now employing more automated means of cultivation and harvesting in their farms, adding impetus to the agriculture equipment market.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2845

The impact of technological advancements on the growth prospects of agriculture equipment market can be demonstrated with the example of drones that are being increasingly developed and deployed in North Japan for the observation of crops as well as spraying medicine and pesticides. As the younger population of Japan is moving to urban areas to pursue better paying jobs, the elderly people are being left to tend to the fields. Lacking the stamina of the youth the older generation is turning to technology to make up for the labor shortage and thus drones are being increasingly used to raise productivity as well as farmers’ income.

A powerful trend that has come to augment the growth of the agriculture equipment market is the growing demand for regional and local foods. As food related awareness is on the rise, the importance of consuming fresh locally grown food is also on an upsurge, that has started to forge new pathways for farming families and is attracting investors to agriculture and food related businesses. According to the U.S. Department of Agriculture, the production and consumption of local and regional food has become a veritable movement and one of the foundational pillars for policies and programs. In fact, between 2009 and 2015, the USDA has invested over $1 billion in more than 40,000 local and regional food businesses and infrastructure projects. Arguably, such significant investments have led to commendable expansion of the agriculture equipment market as well.

Key industry players like Deere & Company, Bucher Industries AG, Kubota Tractor Corp, JCB Limited, AGCO Corp. and Mahindra & Mahindra are working towards bringing better technology to the agriculture equipment market. It is estimated that a major portion of the farming budget is required not only to buy equipment but for upkeep and repair of equipment. Therefore, the key players of the agriculture equipment industry are focusing their efforts to bring better hardware to the mainstream. That said, these firms are also striving to bring an overall improved farming experience with the development of automated technologies, adding to the growth of the agriculture equipment market over 2018-2024.

Author NameParoma Bhattacharya

Unveiling Elevator market trends in terms of the prominent to generate lucrative business opportunities for the leading contributors, increasing infrastructure development activities to fuel product demand

Posted on

With rapid economic progression and expanding infrastructure industry, Asia Pacific elevator market has emerged as one of the major hotbeds for the lift manufacturers worldwide. Touted as the world’s top two elevator markets, China and India currently lead the way in this business sphere. The rapid urbanization and surging adoption of new technologies have been generating numerous business opportunities for the leading OEMs across this region. In addition, the implementation of new regulatory policies for increasing occupant safety has been encouraging giants to develop technologically advanced elevators. IoT assisted elevators for instance have been making inroads in elevator market, given that they help minimize the maintenance time.

U.S. Elevator Market Size, By End-user, 2014 – 2025 (USD Million)
U.S. Elevator Market Size, By End-user, 2014 – 2025 (USD Million)

Prominent industry players tapping the expanding Asia Pacific elevator market:

Kone

Touted as one of the foremost global elevator industry players, Kone has established itself as one of the most lucrative players in the Asia Pacific lift market. Reportedly, the giant holds 20% share in India market. Some of the recent expansion bids that the Finnish giant has created in the continent are enumerated below:

  • In July this year, Kone India, as a part of its strategy to address the growing mid-range markets announced the launch of its new range of elevators dubbed U MiniSpace and U MonoSpace. The new products allegedly have 26 cars and are claimed to be highly placed in terms of aesthetics and energy efficiency. The U MonoSpace elevators are said to carry 35 percent higher energy efficiency than the firm’s earlier elevators. The company also detailed its plan to commission a new facility at Chennai in early 2019.
  • The company, earlier this year unveiled its foray into the connected space with the announce of its 24*7 connected elevator services in India in 2019. The services are reported to use IBM Watson and an IoT platform and are anticipated to be highly efficient with lesser equipment failures and system faults. Reportedly, the IOT elevator services by the company is operable in 11 countries.
  • In 2016, a leading media source claimed that the requirement of elevators and escalators had decreased over 5% in India pertaining to the implementation of demonetization and revision of taxes, however, the product demand has been increasing remarkably since the onset of 2018. The year’s budget allotment for railway and housing infrastructure development has also been immense, further impacting India elevator market trends.
  • In addition to India, Kone has also received an opportunity to extend its reach across China after winning a contract for developing Ningbo Metro Line 4 across eastern China. Considering the hold that escalator and elevator market has in China, Kone has specifically designed heavy-duty escalator technology for metro projects. The global leader in elevator market will deploy three KONE MiniSpace® elevators, 25 KONE MonoSpace® machine room-less elevators, and 79 KONE TransitMaster(TM) escalators at Ningbo Metro Line 4, with an hourly transportation capacity of around 7,000 people.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2834

Otis

Focusing on the ever-growing business opportunities across APAC, Otis, the U.S. based escalator manufacturer is looking forward to consolidating its place in APAC elevator market, in accordance with which it has taken a step forward to establish a manufacturing facility across India. As per reliable estimates procured in 2017, India elevator market witnesses an annual demand of 49,000 units.

In 2017, Otis unveiled its plan to extend its regional reach across India, pertaining to the growing product requirement for the modernization of railway stations. In line with its decision, it is looking forward to modernizing tier II and tier III cities and railway stations in India by the end of 2020. Reportedly, in the development of escalators, Otis would use 60% indigenous components and 40% global products.

Schindler

Schindler is counted among the renowned companies that have been massively investing in smart and connected devices. With the advent of smart elevators, the company plans to tap the growing business opportunities in APAC elevator market, owing to the increasing popularity of cloud computing and AI-based connected equipment.

Recently, Schindler India revealed its plan to invest INR 100 crore to build an escalator manufacturing plant in Pune, Maharashtra. The company is also focusing on the use of air-conditioners in the elevators mainly for commercial and residential buildings. The new facility is anticipated to be operational by the middle of 2019, and is endowed with a manufacturing capacity of 1,100 escalators a year.

The increasing investments in infrastructural development projects comprising shopping malls, railway stations, and metros across APAC are expected to attract numerous players to the region, prompting them to establish their facility centers across the continent. Powered by the increasing requirement of elevators across apartments and high rise buildings, global elevator market will surpass a revenue collection of USD 130 billion by the end of 2025.

Author NameSunil Hebbalkar

High speed blowers market to accumulate hefty returns from wastewater treatment applications, heavy investments in plant expansion to fuel product demand over 2018-2024

Posted on

The increasing importance for the wastewater treatment process to conserve the environment has led to high speed blowers market witnessing a considerable growth rate lately. The deployment of wastewater treatment plants allows human and industrial waste to be disposed without any hazards to human health and damage to biodiversity. In accordance, regional governments and municipal corporations have mandated the construction of wastewater treatment plants in homes and workplaces. In order to comply with the enforced regulatory policies, most of the manufacturing plants, refineries, and industries have been increasingly developing onsite water treatment facilities which have been having a notable influence on high speed blowers industry share.

U.S. High Speed Blowers Market Size, By End-User, 2013 – 2024 (USD Million)
U.S. High Speed Blowers Market Size, By End-User, 2013 - 2024 (USD Million)

It is prudent to mention that the deployment of wastewater treatment plants requires substantial funding, and the installation of inefficient technologies at the plants would prove to be a devastating loss for the entire operation. On this note, pertaining to the increasing concern related to energy efficiency and cost-effectiveness, most of the companies and governments have been giving preference for high speed blowers to be installed at the wastewater treatment facility. Taking into account the increasing preference for high speed blowers, leading industry contributors have been working to enhance their existing product portfolios as well. In addition, some of the regulatory bodies have been providing funds for the renovation of old wastewater treatment facilities.

All in all, the rapid involvement of governmental bodies in product deployment and the efforts of prominent contenders to enhance their product spectrum would prove to be lucrative for upscaling high speed blowers market size.

Regionally, most of the governments have already developed wastewater management policies to improve the applicability of hazardous fluids and reduce their impact on environment. Through such policies, the governments also have collaborated strategically with leading wastewater treatment technology providers for achieving a complete cost-effective solution for energy consumption. For instance, in line with the already framed Integrated Waste Management Master Plan, the Dubai Municipality has partnered with the renowned sewage treatment facility provider, Veolia Water Technologies. The technology provider will help residents utilize the waste management systems in a highly efficient manner.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2767

In addition, the Dubai Municipality and Veolia Water Technologies have successfully developed a hazardous waste treatment facility with a liquid treatment capacity of 600 cubic meters per day. The commitment of the governments to increase the sustainability and efficiency of hazardous waste management systems is thus slated to fuel high speed blowers market trends over the years ahead.

Speaking more about the increasing involvement of municipal governments in the development of wastewater projects, in March 2018, the Auburn city decided to purchase UV equipment from Suez, a wastewater treatment company, and invest $250,000 for myriad wastewater management projects. The project has come on the heels of the fact that the UV system in the city is more than 25 years old, and is unable to handle the wastewater treatment plant’s capacity of 24.5 million gallons per day.

In yet another instance, in order to reduce the water treatment cost, meat processing company, Smithfield Foods has invested USD 2.4 million to upgrade its wastewater treatment plant based in Iowa. This plant treats industrial waste from the manufacturing plant of Smithfield Foods before releasing it to the city’s wastewater treatment facility. With the increasing investment in infrastructure development, high speed blowers industry from wastewater treatment applications will grow at a CAGR of above 4% over 2018-2024.

Numerous private and public sector organizations have been continuously striving to deploy efficient water treatment and recycling plants in order to deal with the hazardous waste from municipal sewage, power plants, chemical companies, and petroleum refineries. The utilization of appropriate funding for the improvement of irrigation systems and industrial discharge treatment plants will also generate lucrative opportunities for the giants in high speed blowers industry. Driven by heavy investments in wastewater treatment facility development and refurbishment, high speed blowers market size will register a CAGR of more than 4% over 2018-2024.

Author NameSunil Hebbalkar