Global Industrial Agitators market, which accrued proceeds worth 3.96 (USD Billion) in 2019, is set to record the CAGR of nearly 6.96% over the period from 2020 to 2026
New York, United States - November 3, 2020 /MarketersMedia/ —
According to the recent report released by Zion Market Research, the valuation of the global industrial agitators market in 2019 was USD 3.96 billion and is projected to attain around USD 4.39 billion by 2026, expanding at around 6.96% CAGR during the forecast period. The key players actively participating in the global industrial agitators market include SPX Flow, Inc., Xylem, Inc., Philadelphia Mixing Solutions Ltd., Sulzer Ltd., Mixer Direct, Inc., Dynamix Agitators Inc., Statiflo International Ltd., Tacmina Corporation, Silverson Machines Inc., and Ekato Holdings GmbH, among others. The industrial agitator market, in recent years, has witnessed diverse partnerships, product launch, together with the introduction of new units that would assist the players to flourish in the market. To cite, Philadelphia Mixing Solutions in 2019 inaugurated service and technology center at Huston that would allow the firm to better supply its oil & gas as well as other industrial consumers in Midwest, Gulf Coast, and the Western United States.
Rising Demand For Customized Agitators To Boost The Growth Of The Global Market
The growth of the global industrial agitators market is influenced by a number of factors such as the increasing demand for customized agitators & projects, the mounting stipulation for mixing substances of diverse densities with lesser consumption of power, and progressively rising process industries & manufacturing sector. Further, the industrial agitators are achieving grip in the market as a result of the rising intricacies of processing substances that consequently propel the need for customized agitators. Also, owing to the mixing applications, the variable power agitators are observing a rise in demand.
Pharmaceutical Industry To Dominate The Global Industrial Agitators Market
The global industrial agitators market is bifurcated based on model, mounting, industry, component, mixing method, and region. During the forecast period, the global market is anticipated to be governed by the pharmaceutical industry. This is likely owing to the mounting need for industrial agitators for enhancing the operations, mounting the profitability within the medicine manufacturing companies, and optimizing resource utilization.
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North America To Rule The Market With The Presence Of A Large Number Of Manufacturing Firms
In 2018, the largest share of the global industrial agitators market was captured by North America and is anticipated to continue its dominance in the forecast period as well. The growth of this region can be credited to the increasing need for industrial agitators as a result of the existence of a huge count of manufacturing firms in several industries like pharmaceuticals, food & beverage, chemical, and so on.
The global industrial agitators market is segmented as follows:
By Mounting
Top mounted
Side mounted
Bottom mounted
By Model
Large tank agitators
Drum agitators
Portable agitators
Others
By Mixing Method
Solid-solid mixture
Solid-liquid mixture
Liquid-liquid mixture
Liquid-gas mixture
By Component
Heads
Sealing systems
Impellers
Others
By Industry:
Chemical
Mining
Food and Beverage
Pharmaceutical
Paint and Coating
Cosmetics
Others
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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Source: MarketersMedia
Release ID: 88984115
