Industrial Agitators Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The Industrial agitators market is estimated to be worth USD 2.6 billion in 2023 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 4.0% during the forecast period. The constantly growing chemical, pharmaceutical and food & beverage demand and production is a major factor driving the growth of Industrial agitators market globally. Moreover, the need for customized agitators for several applications is also a key factor contributing to the market growth.

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Growing need for more energy-efficient and environmentally friendly mixing solutions is providing an opportunistic environment for manufacturers of industrial agitators to offer products that can help industries reduce their environmental impact while also improving their manufacturing processes. Moreover, in recent years, the market players are also focusing on providing industry-specific and customized agitators for various end users. All these factors are expected to provide growth opportunities for market players offering industrial agitators.

Impellers are expected to lead the overall industrial agitators market, by component, during the forecast period. They play a pivotal role in any mixing process. Impellers determine the flow pattern, efficiency of the homogenizing process, and mixing parameters while carrying out the agitation. This component is essential for exerting energy directly to the materials being mixed. Rotation of impellers induces fluid flow and shear patterns. This component is responsible for carrying out the actual mixing process in several industries. An impeller can produce more than one flow pattern, with one flow pattern more dominant than the other. Different types of impellers can be used as per the end user requirements.

Food & beverage is also one of the major markets for industrial agitators as agitators are commonly used in the food and beverage industry for mixing, blending, and homogenizing ingredients. In food & beverage industry, agitators are used to mix ingredients, such as powders, liquids, and other ingredients. For instance, agitators can be used to mix ingredients for sauces, dressings, and marinades.

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Key players in the Industrial agitators market are SPX Flow, Inc. (US), Xylem Inc. (US), Ekato Group (Germany), Sulzer Ltd. (Switzerland) and NOV Inc (US). These players not only have a comprehensive and diverse product portfolio, but also have a strong geographic presence. These players can focus on developing innovative Industrial agitators owing to the emergence of new application areas for mixing and agitation technology.

News also Covered: https://www.prnewswire.com/news-releases/industrial-agitators-market-worth-3-2-billion-by-2028---exclusive-report-by-marketsandmarkets-301803876.html

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This release was published on openPR.