The global industrialagitators market is expected to
reach USD 3.46 billion by 2024, according to a new report by Grand View
Research, Inc. Industrial agitators market is expected to witness high growth
owing to the rapid industrialization in emerging economies such as Brazil,
India, and China. Increasing industrial activities in these countries are
enhancing the demand for highly-efficient agitators.
Agitators are efficiently used in the food
&beverage, chemical and wastewater treatment applications. Hence, growing
adoption of mixing and blending technology in process industries is projected
to drive the market over the forecast period.
Agitators are machines, which processes the
products in industries for mixing liquids, increasing heat transfer and to
promote the reaction of chemical substances. Demand for customized and advanced
devices specific to the end-user application is further expected to drive
market growth. Chemical and wastewater treatment industries have high complex
agitation demand, which is further boosting the demand for these devices.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/industrial-agitators-market
Further key findings from the report suggest:
·
Top entry segment is estimated to grow at a
CAGR of over 6.5% from 2016 to 2024.These agitators have long durability and
offer homogenous and mixing needs of consumers as per their requirements.
Moreover, increasing adoption in the chemical and oil & gas industry is
boosting the overall industry growth.
·
Chemical is a key application and is
expected to dominate the market, growing at a CAGR of over 6.5% from 2016 to
2024. Increasing growth of chemical industry in the Asia Pacific region is
projected to propel the demand for industrial agitators over the forecast
period. They are used for uniform mixing of various liquids and follow rigid
specifications for cleanliness, consistency, and accuracy.
·
The North America industrial agitators
industry is expected to remain the largest market owing to the widespread
adoption of these devices in various industrial sectors. However, the regional
market is highly saturated, and demand for efficient and technologically
advanced agitators is increasing for replacing the existing devices. The
regional industry is projected to account for over 30% by 2024, growing at a
CAGR of over 6.0% from 2016 to 2024.
·
Asia Pacific is expected to be the
fastest-growing region owing to the growth in the industrial sector. Moreover,
favorable government policies are boosting the regional demand.
·
Key players in the industrial agitators
market include Sulzer Ltd, Xylem Inc., EKATO Group, SPX Corporation and
Philadelphia Mixing Solutions Ltd. The market is highly competitive owing to the
presence of numerous manufacturers’ incorporating innovative technologies to
offer product differentiation.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
industrial agitators market on the basis of equipment, and region:
Industrial Agitators Product Outlook (Revenue, USD
Million, 2015 - 2024)
·
Top Entry
·
Side Entry
·
Bottom Entry
·
Portable
·
Static
Industrial Agitators Application Outlook (Revenue, USD
Million, 2015 - 2024)
·
Chemical
·
Water And Wastewater Treatment
·
Oil, Gas And Petrochemical
·
Food And Beverages
·
Pharmaceutical
·
Others
Industrial Agitators Regional Outlook (Revenue, USD
Million, 2015 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
RoW
View press release of this research
report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-industrial-agitators-marketAbout Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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