Industrial
Agitators Market study is providing you with the up-to-date,
actionable market information and projections with the latest impact of the
Covid 19 outbreak. It offers all the requisite data to support tactical
business decisions and come up with strategic growth plans. This study also
proposes a comprehensive insight into the development policies and plans in
addition to manufacturing processes and cost structures.
Global
Industrial Agitators Market is expected to reach USD 3.46 billion by 2024.
Industrial agitators are the mechanical machines that are exclusively used to
homogenize and mix two or more products with different or equal phases inside a
tank. The industrial agitator market is estimated to grow at a significant CAGR
over the forecast period as the scope and its applications are rising
enormously across the globe.
The factors
that are playing a major role in the growth of industrial agitators market are
rising demand for customized industrial agitators, increasing demand for mixing
substances of diverse densities with low power consumption, and gradually
rising industrial sector and process industries. However, high maintenance cost
may restrain overall market growth in the years to come. Industrial agitators
industry is segmented based on mounting, model, mixing method, component,
end-user, and region.
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Based on
mounting, bottom mounted, top mounted, and side mounted could classify
industrial agitators in the forecast period. Top mounted agitators accounted
for the substantial market share of industrial agitators in 2017 and are
estimated to lead the overall market in the years to come. The reason could be
its usage across all manufacturing units and avail the option of customization.
Portable
agitators, large tank agitators, drum agitators, and the other models could be
explored in industrial agitators in the forecast period. The liquid-gas
mixture, Solid-solid mixture, Liquid-liquid mixture, and Solid-liquid mixture
are the mixing methods that could be explored in industrial agitators in the
forecast period. Impellers, heads, sealing systems, and the other components
could be explored in industrial agitators in the forecast period.
The market may
be categorized based on end users like cosmetics, chemical, paint and coating,
mining, pharmaceutical, food & beverage, and others that could be explored
in the forecast period. The pharmaceutical industry accounted for the
significant market share of industrial agitators and is estimated to continue
with its dominance in the years to come. The reason could be rising demand for
industrial agitators for improving the operations and rising productivity in
the medicine industries. Also, in terms of size, chemical industry dominated
the industrial agitator market.
Globally, North
America accounted for the substantial market share of industrial agitators in
2017 and is estimated to lead the overall market in the years to come. The
reason behind the overall market growth could be growing demand for industrial
agitators in this region and the presence of key manufacturers in this region.
The United States is a major consumer of industrial agitators in this region.
Europe and the
Asia Pacific are also estimated to have a positive influence on future growth.
Europe is the second largest region with significant market share. However,
Asia Pacific is estimated to grow at the highest CAGR in the forecast period.
The developing countries like India and China are the major consumers of
industrial agitators in this region.
The key players
of the industrial agitator industry are Silverson Machines Inc., Xylem, Inc.,
Ekato Holdings GmbH, SPX Flow, Inc., Statiflo International Ltd., Sulzer Ltd.,
Tacmina Corporation, Philadelphia Mixing Solutions Ltd., Mixer Direct, Inc.,
and Dynamix Agitators Inc. These players are concentrating on inorganic growth
to sustain themselves amidst fierce competition.
Know
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