Industrial Agitator Market Forecasts to 2028 – Global Analysis By Mounting (Top Mounted, Side Mounted and Others), Model (Portable Agitators, Large Tank Agitators and Others), Mixing Method, Component, End User and By Geography
According to Stratistics MRC, the Global Industrial Agitator Market is accounted for $2.47 billion in 2022 and is expected to reach $3.53 billion by 2028 growing at a CAGR of 6.13% during the forecast period. Industrial agitator is a mechanical device that is used to process products across various industries such as pharmaceutical, chemical, food and cosmetic industries. It is used in a tank for mixing various process media together. It includes all liquid types, gases & solids (such as salts, powders, granules etc). Agitators can also be used to remove pollutants from wastewater in order to reduce environmental waste. It has features such as impact resistance, durability, and energy efficiency which are designed specifically to meet the large capacity requirements of a range of applications used in manufacturing industries.
Market Dynamics:
Driver:
Increase in production capacity of industrial sector
The growth in industrial verticals such as pharmaceuticals, chemical and cosmetics are increasing the demand for agitators. It is providing advanced high speed solutions to get the desired mixtures in different tanks such as stainless steel, plastic tanks and FRP. The easy transformation into desired product by dilution, dissolution, suspension and emulsification process is driving the market growth.
Restraint:
High maintenance cost
Agitators are used in various industries for mixing applications. This increases usage and vulners its wear and tear. Due to high efficiency and productivity and high usage the agitators need to properly maintain. They have to be serviced in frequent intervals which cause high cost. If it is not maintained properly in lacks performance and hampers the growth.
Opportunity:
Advancement in e-commerce sector
The advancement in the e-commerce sector has increased the ease of availability of industrial agitators. Increase in adoption of e-commerce platform for purchase of industrial agitators and promotions by environmental agencies to implement the agitators and reduction in environmental wastage are boosting the demand and proved to have lucrative growth for the industrial agitators market.
Threat:
Stringent government safety norms
Industrial agitators are used under harsh conditions which results in safety concerns for the person involved in operation. Government across the globe have laid norms to ensure worker safety. So, any company using agitators should follow the minimum government directed initiatives and regulations or there is a threat to closure of the industry which is hampering the market.
Covid-19 Impact
The covid pandemic declined the demand of the industrial agitators market. The oil industry is the major user of industrial agitators. Drop in crude oil prices adversely impacted the demand for the agitators. It resulted in slow production and declined up to 20%. It increased unemployment rate and led to slow demand worldwide. The pandemic affected the market at large pace.
The top mounted segment is expected to be the largest during the forecast period
The top mounted segment is estimated to have a lucrative growth, due to the less power requirements and longer durability as compared with other products. These agitators are commonly used in the liquid processing industry. They are designed and equipped to handle large volume applications with high-efficiency. Increasing demand for these products due to low maintenance and service requirements is expected to fuel product demand.
The chemical segment is expected to have the highest CAGR during the forecast period
The chemical segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rising demand for customized agitators in this sector. The sector has high requirements for suspension, reaction, mixing and dispersion of raw materials. Hence, there is growing demand for implementation of these devices.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to high product penetration and increase in need for technologically advanced products in the region. The customer base of industrial agitators has been increasing at a promising pace in this region from the last few years. Presence of robust economies in the region is anticipating the market growth.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to increase in adoption of new technologies and rapid growth in chemical and paper & pulp industries. The shift from conventional utilization capacity to the capability to perform efficient and timely order fulfilment is projected to boost the market in the region.
Key players in the market
Some of the key players profiled in the Industrial Agitator Market include Silverson Machines Inc, Philadelphia Mixing Solutions Ltd, KSB, Statiflo International Ltd, Xylem Inc, SPX Flow, Inc, Mixel Agitators, Mixer Direct LLC, Sharpe Mixers Inc, Sulzer Ltd, Mixer Systems Inc, Ekato Holdings GmbH, JBW Systems Inc, Dynamix Agitators Inc, Chemineer Inc, Osborne Industries, Tacmina Corporation, Fluid Kotthoff GmbH
Key Developments:
In June 2021, Sulzer added a new product series SSF150 to its SALOMIX agitator for the pulp & paper industry. SALOMIX SSF side-mounted gear-driven agitators are used for mixing and agitating process liquids in demanding industrial applications.
In May 2021, Dynamix NMX line of agitators and Dynaflow impellers together provided practical solutions for carbon-in-leach as well as carbon-in-pulp gold leaching circuits.
Mountings Covered:
• Top Mounted
• Side Mounted
• Bottom Mounted
• Other Mountings
Models Covered:
• Portable Agitators
• Large Tank Agitators
• Drum Agitators
• Other Models
Mixing Methods Covered:
• Solid-State Mixture
• Solid-Liquid Mixture
• Liquid-Liquid Mixture
• Liquid-Gas Mixture
• Other Mixing Methods
Components Covered:
• Sealing Systems
• Impellers
• Heads
• Other Components
End Users Covered:
• Cosmetics
• Food & Beverages
• Paint Market
• Mining Market
• Pharmaceutical Market
• Chemical Market
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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