Marine turbocharger market is projected to witness exponential growth due to the introduction of strict government regulations that are focused on alleviating environmental concerns and tackling climate change. Additionally, numerous technological advancements in the field of propulsion technologies are also likely to foster industry outlook.
Moreover, increasing economic development and growing customer expenditure on recreational activities are positively influencing adoption of recreational boats that use the latest of propulsion technologies to get around.
In fact, with growing demand for faster speeds and higher power throughputs in recreational sports activities, the market is likely to witness a rise in product sales during the projected study period.
According to a recent research report by Global Market Insights, Inc., global marine turbocharger market is expected to surpass $780 million by 2026.
Rising seaborne trading as well as favorable trade regulations are fueling the demand for new commercial ships. This has influenced several shipping companies to increase the cargo carrying capacities. It has also impelled the increase in ship sizes to address increasing seaborne trade.
Additionally, there is an increasing demand for improved turbocharger and engine efficiencies from ship operators to meet the IMO regulations and EEDI targets. These demands are set to emerge as the key factors that would push the marine turbocharger market trends over the forecast timeframe.
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Meanwhile, several advancements in propulsion technologies would possibly drive the market share in the forthcoming years through product advancements. One such advancement, the CFD (Computational Fluid Dynamics) technique is used in turbine blades and compressor wheels to examine the secondary and primary flow structure across impeller blades.
Likewise, use of advanced tools such as ANSYS and FEA techniques results in adaptable development processes. Due to this flexibility, turbochargers can be modified at later stages. In the projected timeframe, techniques like CFD, ANSYS and FEA are likely to positively influence the turbocharger market.
Additionally, technological advancements have also innovated marine turbocharger diversification. Products can now be designed specific to different industry demands. Advanced marine turbochargers provide improved efficiency and higher pressure ratios which reduces their environmental impact. With these benefits product adoption is likely to witness a sizable shift in coming years.
The adjustable vanes turbochargers are anticipated to experience high growth due to their ability to contribute towards the alteration of the aspect rations. This further changes turbine’s effective area.
Moreover, improvement in pressure ratios and reduced lag time are few of the benefits that enhance overall engine efficiency, it also allows flexible air management to optimize combustion. Such value-adding features would push product adoption in the industry.
With regards to the technological landscape, electric-assist turbocharger is anticipated to witness immense growth. The projected growth is being attributed to the numerous advantages it offers.
Incorporation of electric assist turbochargers offers lower level of specific fuel consumption at high speed and helps maintain variations of speed in low load conditions. Optimum fuel usage and maintenance of speed at low loads are the key factors which would positively impel the market outlook.
Companies are using methods and materials to develop lightweight structures and higher-pressure ratios. Citing an instance, in 2016, Kompressorenbau Bannewitz GmbH launched its ST27 turbocharger series. the new product is capable of delivering a pressure ratio of about 5:5:1.
Today, service providers play a crucial role in the upgradation and modernization of existing systems. These efforts are focusing on optimizing operational flexibility and reliability. With these efforts the marine turbocharger market is set to chalk out a lucrative outlook for industry expansion.
Author Name : Bhushan Tambe
Regenerative blowers market to accrue remarkable proceeds from wastewater treatment applications, APAC to witness the fastest growth rate over 2018-2025
With the world treading in the direction of rapid urbanization, the regenerative blowers market is determined to grow with a complementary pace as industries are continuously finding effective applications for blowers that can provide large volumes of air. Essentially, the lifetime cost of owning a regenerative blower can virtually be the same as the cost of buying one. To simplify, the exceptional design of regenerative blowers renders them oil-free and devoid of contacting parts, eliminating the need for part replacements and making them practically a maintenance-free equipment. The guaranteed long-life of these blowers owing to such a unique design has driven the regenerative blowers market, which garnered a revenue of USD 750 million in 2017.
China Regenerative Blowers Market Size, By End-user, 2014 – 2025 (USD Million)
The industrial sector contributes a major chunk to regenerative blowers industry on the account of widespread utilization in segments such as chemical, oil and gas, petrochemicals, cutting and stamping, among others where separation and removal of excessive materials is required. Chemical industry, for instance, applies regenerative blowers for extraction of fumes and emissions formed during various processing and filtering operations. The chemical sector in Europe has elevated to astonishing heights, with the total capital expenditure in the segment increasing from USD 18 billion in 2006 to USD 30 billion in 2016. With the region likely to follow this impressive growth pattern, the regenerative blowers market is expected to be dominated by Europe, accumulating up to 30% of the global share by 2025.
In terms of environmental applications, the regenerative blowers market is gradually being tapped into by engineering and energy companies for activities like wastewater treatment, groundwater sparging, landfill gas recovery, air pollution and air & gas sampling or circulation. Worldwide, the escalating population has coerced governments to implement laws and support products for ensuring a greener future. Massive infrastructure projects as part of the industrialization trend in India and China also support the rising population and generate a need for utility supplies. In accordance, the limited availability of resources like water has pushed countries into establishing large-scale facilities that can recycle or treat waste, including wastewater. The regenerative blowers market in Asia-Pacific is an eminent recipient of prolific earnings from wastewater treatment.
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To elaborate, a report mentions that 400 out of 600 Chinese cities experience water shortages owing to the domestic, industrial and agricultural use by a huge magnitude of inhabitants living in every city. To counter this issue, the Chinese governments had developed plans for implementing sewage treatment facilities in 95% of the cities by 2017 and the progress is ongoing. According to a three-year plan for improving rural environment recently revealed by the government, installing sewage and wastewater treatment plants is of prime importance.
One such plant has been set up in Datangyan Village in the Jiangsu Province, where a sewage treatment network having two treatment devices has been installed. Besides helping the villagers in disposing off sewage and waste water, the plant has been extremely impactful in the aeration of water in Lake Tai, which is one of the biggest freshwater bodies in China. Numerous projects of a similar nature in other Asia-Pacific countries can be envisioned, where regenerative blowers can be employed in wastewater treatment for aeration of sewage, lakes, rivers and other water bodies. Not surprisingly, the Asia-Pacific regenerative blowers market is anticipated to witness the highest growth, with a CAGR of over 5% from 2018 to 2025.
Gasho, Inc. is a company that has been providing engineering solutions for environmental improvements for many years and uses regenerative blowers to develop enhanced systems, for aiding gasoline vapor recovery, soil vapor extraction, wastewater treatment and many other activities. The vast potential for the regenerative blowers market can be further understood by citing other segments that successfully incorporate their efficient technology. Pentair AES is a company that offers regenerative blowers for aquaculture industry. The ability to perform well under water without the risk of damage make these blowers ideal for aquaculture and fish-pond aeration. Innumerable application areas combined with features like low maintenance, reliability, energy efficiency and oil-free operations will fortify the global regenerative blowers market, projected to record a CAGR in excess of 4.5% between 2018-2025.
Overall, the regenerative blowers industry has been a beneficiary of a simple but ground-breaking technique, with more advancements being made by companies to offer even more competent products and capture a sizable market share. The intense competition has led to the introduction of lighter, less noisy and more compact blowers which generate greater capacities using lower power. Becker Pump Corporation, Hitachi Limited, The Spencer Turbine Company, Ametek Inc., Busch LLC, Gardner Denver, Atlantic blowers, Gast Manufacturing, KNB Corporation, Chuan Fan Electric Co. are some of the key contenders in the regenerative blowers market.
Author Name : Pankaj Singh