Industrial Agitators Market Latest Trends, Share, Growth Industry Analysis and Forecast to 2027

The global industrial agitator market accounted to US$ 2.37 Bn in 2018 and is expected to grow at a CAGR of 7.8% during the forecast period 2019 – 2027, to account to US$ 4.65 Bn by 2027.

Moreover, in accordance with fast changing technological scenario and growing number of SMEs, the demand for innovative/custom industrial agitators is anticipated to grow in the coming years. In addition to the developing companies, the revenue growth rate of middle market companies in developed countries such as the U.S., Canada, Germany and the UK has been surging at a consistent pace and it is expected to outperform various economic segments in these countries. The huge number of SMEs worldwide and impressive future growth rate present massive opportunities for low cost portable and modular industrial agitators especially in food & beverages, cosmetics, and chemicals industries.

For More Information Download Sample Copy for Details@ https://www.theinsightpartners.com/sample/TIPRE00005699/?OPR-SNJ

The major players operating in the market for industrial agitator market are Xylem Inc., SPX Flow, Inc., Sulzer Ltd, Philadelphia Mixing Solutions, Ltd., Dynamix Agitators Inc., Tacmina Corporation, Statiflo Group, Ekato Group, Silverson Machines, Inc., and Alfa Laval among others.

Manufacturers from several industries are now a days highly focused on achieving new growth mark. Chemical industry is major revenue contributor to this market with large number of mixing applications across the production and operation. The chemical industry has been an integral part of the global economic landscape for many centuries. Further, statistics says these chemical companies in 2017, spent around US$ 3.0 trillion to buy goods and services used in the manufacture of their products. Out of this, around two-thirds of this amount was spent by companies operating in the APAC region. Mining, oil & gas and mineral processing are other major industries contributing significant revenue to this market.

The industrial agitator market by material type is segmented into Top-mounted, bottom-mounted, and side-mounted. The Top-mounted type holds a significant share in the market and is expected to continue its dominance in the forecast period as well. The top-mounted agitators are used for mixing and agitating various materials in demanding industrial applications. These agitators offer homogenous mixing with high reliability, high efficiency, low environmental stress, and low operational costs. Industries which use top-mounted agitators include food & beverages, biotechnology, pharmaceutical, pulp and paper, coating and finishing, water and effluent treatment, chemicals, and cosmetic applications among others. Top-mounted is gaining high momentum within the industrial agitator market.

The report segments the global industrial agitator market as follows:

• Global Industrial Agitator Market – By Type
• Large Tank Agitator
• Portable Agitator
• Drum Agitator
• Global Industrial Agitator Market – By Mounting Type
• Top-Mounted
• Bottom-Mounted
• Side-Mounted

• Global Industrial Agitator Market – By Mixing Type
• Solid–Solid Mixture
• Solid–Liquid Mixture
• Liquid–Liquid Mixture
• Liquid–Gas Mixture

• Global Industrial Agitator Market – By End-Use Industry
• General Industry
• Chemicals
• Mining
• Oil & Gas
• F&B
• Cosmetics

The industrial agitator market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East & Africa, and South America. The APAC region is anticipated to be the fastest-growing region in the coming years. In comparison to other regions of the world, the economic outlook of APAC is quite dynamic. The economic growth in developing countries of APAC is quite impressive and these countries, which makes APAC as one of the most promising market for the growth of industrial agitator market.

Whereas, North America holds the highest market share in the industrial agitator market. North America led the global industrial agitator market with more than 35% market share, followed by Europe and Asia Pacific. The presence of well developed countries such as the US and Canada and high focus on industrial development are two of the major factors responsible for the growth of industrial agitator market in this region. The rise in the food processing industry across the entire North American region demands for installations of large agitation systems at the manufacturing as well as distribution plants. The oil & gas industry for the downstream processing of natural gas has been an important adopter of industrial agitators in the country. With regards to the strategic initiatives taken by the companies operating in the industrial agitator market, mergers & acquisitions of smaller and larger companies of the ecosystem has been widely observed.

Inquiry for Discount: https://www.theinsightpartners.com/discount/TIPRE00005699/?OPR-SNJ

Contact us
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Home: https://www.theinsightpartners.com

About Us
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost.

This release was published on openPR.