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The Industrial Agitators Market was valued at USD 2.56 billion in 2016 and is expected to reach USD 3.86 billion by 2022, at a CAGR of 7.07% during the forecast period
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Industrial Agitators Market Analysis of Sales, Overview and Growth Rate to 2022 “The Industrial Agitators Market was valued at USD 2.56 billion in 2016 and is expected to reach USD 3.86 billion by 2022, at a CAGR of 7.07% during the forecast period.” The Industrial Agitators Market was valued at USD 2.56 billion in 2016 and is expected to reach USD 3.86 billion by 2022, at a CAGR of 7.07% during the forecast period. The growth of this market is being propelled by the increasing demand for industrial agitators especially from the chemical and pharmaceutical industry applications. Industrial agitators are used to mix several materials in the chemical, pharmaceutical, mineral, and cosmetic industries, among many others. The process of mixing involves use of powerful mechanical components that are high on performance but low on internal power consumption. The agitators are used to mix solids with liquids, liquids with gases, and liquids with liquids across a wide range of verticals. They are not only used to maintain the homogeneity of the liquids during the bulk storage but also increase the rate of heat transfer during heating or cooling process. An agitator consists of a set of components such as heads and sealing systems, among others. Agitators allow dilution, dissolution, suspension of homogenization of dispersion or emulsion of varied or similar substances to obtain the desired product. Top entry, side entry, and bottom entry industrial agitators are available in the market. Each of these is used across different industries depending on the mixing method and the type of agitator used for the agitation purpose. The global industrial agitators market has been segmented on the basis of mounting, model, mixing method, component, industry, and geography. The industrial agitators market is expected to be led by pharmaceutical industry during the forecast period. The growth of this market is being propelled by the high demand for industrial agitators for improving the operations, optimizing resource utilization, and increasing the profitability in the medicine manufacturing firms. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=59649096
North America held the largest size of the industrial agitators market in 2016. The leading position of North America can be attributed to the high demand for industrial agitators in this region due to the presence of a large number of manufacturing companies in various industries such as chemical, food & beverage, pharmaceuticals and so on. The growth of industrial agitators across chemical industry is a result of availability of natural gas produced from shale gases. These gases require mixing to form the desired product thereby enabling the use of agitators as the single mode of mixing. Higher production of industrial agitators due to the technological developments and product specification has made an impact on the demand for industrial agitators in the pharmaceutical industry. This is one of the major factors driving the growth of the industrial agitators market in North America region. Request Sample Copy of this Market Research @ https://www.marketsandmarkets.com/requestCustomization.asp?id=59649096 Market for top-mounted agitators likely to grow at the highest rate during the forecast period Top-mounted industrial agitators are expected to lead the overall market during the forecast period as they are usually used across all the industries since top-mounted agitators offer considerable advantages such as ease of operation, high level of efficiency, and option of customization. The major applications of top-mounted agitators are digester mixing, biogas, agriculture, and so on. Chemical industry held the largest share of the industrial agitators market in 2015 The industrial agitators market based on industry is led by the chemicals. A number of chemical manufacturers already have industrial agitators installed, and the industrial and technological enlargement has resulted into increasing demand for application-specific customized industrial agitators. This is one of the major factors driving the growth of the industrial agitators market for the chemical industry. North America held the largest size of the industrial agitators market in 2015 North America held the largest size of the industrial agitators market in 2015, followed by APAC and Europe. The U.S. accounted for the largest share of the industrial agitators market in North America, followed by Canada and Mexico. The leading position of the market in this region can be attributed to the high demand for industrial agitators due to the presence of a large number of manufacturing companies across various industries. The major players operating in this market include Xylem, Inc. (U.S.), SPX Flow, Inc. (U.S.), Sulzer Ltd. (Switzerland), Philadelphia Mixing Solutions Ltd. (U.S.), Dynamix Agitators Inc. (Canada), Mixer Direct, Inc. (U.S.), Tacmina Corporation (Japan), Statiflo International Ltd. (U.K.), Ekato Holdings GmbH (Germany), and Silverson Machines Inc. (U.K.), among others.
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