Industrial Agitators Market Size, Share & Trends Analysis By Product (Top Entry, Side Entry, Portable), By Application (Chemical, Water & Wastewater Treatment, Oil, Gas & Petrochemicals), By Region, And Segment Forecasts, 2024 - 2030
Industrial Agitators Market Size, Share & Trends Analysis By Product (Top Entry, Side Entry, Portable), By Application (Chemical, Water & Wastewater Treatment, Oil, Gas & Petrochemicals), By Region, And Segment Forecasts, 2024 - 2030
Industrial Agitators Market Growth & Trends
The global industrial agitators market size is expected to reach USD 3.63 billion by 2030, registering a CAGR of 4.5% from 2024 to 2030, 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.
Industrial Agitators Market Report Highlights
The top-entry products held the dominant share of the market with 45.7% in 2023, owing to the increased demand from chemical industries.
Based on application, the oil, gas & petrochemicals segment secured the dominant share of 33.3% in 2023 owing to the rising petrochemical manufacturing intricacies.
The industrial agitators market in Asia Pacific secured the dominant share with 36.4% in 2023. This growth is attributable to the widespread product adoption and the rising demand for technologically advanced solutions.
The North America industrial agitators market was primarily propelled by industries including pharmaceuticals, chemicals, and cosmetics, which expanded the market's production capacity
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