In 2015, the global industrial agitators market was worth USD 2.05 billion. The demand for these devices is increasing due to the increased use of agitators in small and medium-sized businesses (SMBs).
Market for global industrial agitators by product, 2015-2024 (USD Million).
In addition, the government is increasing its support in the form subsidy, which has led to an increase in SMBs and thereby fueling demand. These devices are cost-effective because they require very little power and can be mixed quickly. These devices are highly sought-after for their key features, including durability, impact resistance and energy efficiency.
They are specifically designed to handle large capacities for various applications in the manufacturing industry. Due to the increasing complexity and diversification of industrial mixers, it is important that they are carefully selected for use in the industrial sector. High precision and design specifications are essential for efficient mixing in chemical and food and beverage industries. As key manufacturers focus on product differentiation, the industry has significant growth potential.
Technological advances in agitators such as faster mixing and automated customized benefits, device flexibility, robust structure, and greater stability are driving the need to upgrade the existing devices for an efficient mixing process. Growth will be hampered by the need for constant support and high maintenance.
The fastest-growing segment is the top entry agitator. It accounted for more than 40% of the total revenue in 2015. These agitators are used frequently in the liquid processing sector because they require less power and last longer than other products.
Side entry agitators will grow at 6.0% CAGR between 2016 and 2024, reaching over 24% of the market share. Product demand is expected to rise due to their low maintenance requirements and easy service.
These devices can handle large volumes of applications with high efficiency. These devices are used extensively in the water treatment, chemical, and crude oil industries.
By 2024, the market for industrial agitators will be dominated by the chemical segment. It is expected to reach over USD 1.1 million. This is due to the increasing demand for custom agitators. This sector requires high levels of reaction, suspension, mixing, and dispersion of raw material. These devices are in high demand.
Due to increased demand for wastewater treatment, water and wastewater applications are expected to see a healthy growth. This industry has high requirements for agitators with high reliability, durability, efficiency, and performance. Equipment is required to pre-treat municipal and industrial water. Water treatment equipment is in high demand due to water scarcity in many areas. This has led to an increase in the demand for water treatment solutions equipment over the forecast period.
North America will be an important region for industrial agitators due to its high product penetration and increased demand for technologically advanced products. This region was responsible for more than 30% of the 2015 revenue share and will be worth over USD 1billion in 2024. The region's growth is also being driven by a rising demand for agitators that are reliable, efficient, and custom-made from the process industries.
Asia Pacific is expected to grow the fastest due to its strong economies like Japan, China, India and China. This shift away from traditional utilization capacity towards the ability to fulfill orders efficiently and promptly is expected to increase the regional manufacturing sector and thereby boost the demand for industrial agitators.
Due to the growth of the manufacturing sector, the industrial agitator market has gained importance. The demand is growing rapidly due to rapid growth in Brazil's food and beverage industry and the expanding oil & gas sector.
Global industrial agitators market share is dominated by key competitors like Sulzer Ltd, Xylem Inc., SPX Corporation, EKATO Group, Philadelphia Mixing Solutions, Ltd., and EKATO Group. These companies are involved in research-and-development activities to create products that meet the requirements of the government.
Market participants are able to create innovative products through intense competition. These products can be efficient and provide faster cycle times for mixing or agitation processes. To make it easier for their integration into different systems, industry players are looking to include an agitator in mixing or blending applications. Partnerships and strategic investments are expected to be the best ways to quickly access emerging markets.
b. Global industrial agitators market was valued at USD 2.4 billion in 2019, and is forecast to grow to USD 2.6 billion by 2020
What is the market growth for industrial agitators?b. Global industrial agitators are expected to grow at 6.3% compound annual growth rate from 2016 to 2024, reaching USD 3.46 billion in 2024.
Which market segment had the largest share of industrial agitators?b. With a 30.9% share in 2019, North America was the dominant market for industrial agitators. This is due to high product penetration and the increasing demand for technologically advanced products.
What are the major players in the industrial agitators marketb. Sulzer Ltd, Xylem Inc., SPX Corporation, EKATO Group, Philadelphia Mixing Solutions, Ltd. are some of the key players in the industrial agitators marketplace.
What are the driving factors for the industrial agitators marketb. The growth of the market is being driven by the increasing government support in the form subsidies. This has led to an increase in SMB expansion.
Up Market Research published a new report titled “Industrial Agitators Market research report which is segmented by Product (Portable, Side Entry, Top Entry, Bottom Entry, And Static), by Application (Chemical, Oil, Water And Wastewater Treatment, Food And Beverages, Gas And Petrochemical, And Pharmaceuticals), By Players/Companies Ltd, EKATO Group, Sulzer Ltd, Philadelphia Mixing Solutions, Xylem Inc, SPX Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Industrial Agitators Market Research Report |
By Product | Portable, Side Entry, Top Entry, Bottom Entry, And Static |
By Application | Chemical, Oil, Water And Wastewater Treatment, Food And Beverages, Gas And Petrochemical, And Pharmaceuticals |
By Companies | Ltd, EKATO Group, Sulzer Ltd, Philadelphia Mixing Solutions, Xylem Inc, SPX Corporation |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 240 |
Number of Tables & Figures | 168 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Portable, Side Entry, Top Entry, Bottom Entry, And Static), by Application (Chemical, Oil, Water And Wastewater Treatment, Food And Beverages, Gas And Petrochemical, And Pharmaceuticals).
Industrial Agitators Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Industrial Agitators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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