Current State of Pneumatic Conveying System Market- Opportunities & Challenges | Key Players are Atlas Copco, Coperion K-Tron, Flexicon Corporation, Nilfisk, VAC-U-MAX

Pneumatic Conveying System Market will witness a massive surge over the coming five years owing to the growing requirement for effective filtration across the petrochemical, food, pharmaceutical, rubber & plastic, chemical processing, and ceramic sectors. Food sector, worth USD 5.7 billion in 2014, is expected to grow at a rapid pace in the coming years. As per Global Market Insights, Inc., “Pneumatic Conveying System Industry revenue is slated to hit USD 30.67 billion by 2022.” Rapid technological advancements along with the escalating urge for improving the conveying process efficacy will further boost market demand. Customers prefer the pneumatic conveying system over its mechanical counterpart due to the former’s favorable features such as the low space requirement and flexibility.

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Incorporation of intelligent control technologies along with compact pressure-vessel is increasing demand for pneumatic conveying systems market. In addition, availability of highly developed filters which allows fine dust transmission without any interruptions will lead to pneumatic conveying system market growth.

Varied benefits offered by the equipment are cost savings, improved quality, increased productivity and minimized production downtime. End user industries are petrochemical, rubber & plastic, chemical, ceramic, waste water management, food, cement industry and pharmaceutical is anticipated to spur the industry. Players are showing interest in this equipment installation for better production and prevent product contamination from dust particles. These advantages support the growth of pneumatic conveying system market.

Installation of the equipment involves high investment costs which may restrict the manufacturers to employ in their facility. In addition, bulky material notably rocks and gravel are difficult to transmit and a few sticky substances produce a coating on the surface area, thereby blocking the further process. These factors contribute to the decline of pneumatic conveying system market share over the forecast timeframe.

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Rapid industrialization in developing countries, thriving waste treatment and increasing awareness about energy saving and efficiency will lead to increase in demand. Pressure transmission equipment are expected to have large industry share owing to high efficiency equipment demand.

Pharmaceutical industry is expected to grow with a CAGR of 5% during the projected timeline due to broad usage of the equipment in blending, granulation, staging, coating, compression, and packing. Ceramics industry is expected to have significant growth rate in the forecast period and exceed USD 5 billion by 2022 owing to thriving automation in production units. Food industry is anticipated to cross USD 8.5 billion by 2022.

Taking into consideration the regional trends, Asia Pacific pneumatic conveying system industry is forecast to display highest growth over the next few years. Speedy industrial development across India and China is expected to drive the regional growth. Pneumatic Conveying System market in China is projected to grow at a rate of 6.2% over 2015-2022. Driven by the high rate of industrialization, India Pneumatic Conveying System industry is anticipated to hit USD 1,240 million by 2022.

U.S. industry is anticipated to reach USD 6 billion by 2022, and will drive North America Pneumatic Conveying System market in the years ahead. Easy availability of technologically advanced filters along with the introduction of novel methods that facilitate free material flow will contribute significantly towards the expansion of the industry.

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Pneumatic conveying system market players will try to increase their ROI through strategic alliances and new product launches. Key industry participants include Atlas Copco, AZO GmbH + Co. KG, Coperion K-Tron, Cyclonaire- Pneumatic Conveying Solutions, DONG YANG P&F Co Ltd, DYNAMIC AIR LIMITED, Flexicon Corporation, Gericke, Nilfisk, Nol-Tec Systems, Pneucon Inc, VAC-U-MAX

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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This release was published on openPR.