Press release
Industrial Agitator Market to Exhibit 5.8% CAGR 2015-2021
According to a recent market research report published by Transparency Market Research, the global industrial agitator market is projected to expand at a CAGR of 5.8% during the period between 2015 and 2021. The report, titled “Industrial Agitator Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” estimates the global industrial agitator market to be worth US$3 bn by the end of 2021. The overall market stood at a valuation of US$2.1 bn in 2014.ndustrial agitators are used for various mixing applications across manufacturing industries including petrochemical, oil and gas, chemical, pharmaceutical, and food and beverages. Industrial agitators help to attain a desired level of uniformity while mixing two or more materials in different proportions and viscosities. Water and wastewater treatment industries also use industrial agitators to clean water by removing various pollutants such as sulfur in water.
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The report points out that the rapid growth of manufacturing and process industries in the developing economies is expected to augment the growth of the global industrial agitator market. Countries such as India, Japan, and China are contributing significantly towards the growth of the market. The demand for advanced industrial agitators for specific end-use applications across the manufacturing sector will further fuel demand from the market during the forecast period. However, the need for frequent servicing and installation as well as high maintenance costs are expected to restrain the overall growth of the market.
On the basis of product type, the report segments the global industrial agitator market into side entry, top entry, portable, bottom entry, and static. The demand for top entry industrial agitator was the highest in 2015 and the segment is expected to dominate the market during the forecast period owing to the increased application of top entry industrial agitators across industries such as petrochemical, water and wastewater treatment, and oil and gas.
The report studies the industrial agitator market across four key regions: North America, Asia Pacific, Europe, and Rest of the World. In 2015, North America dominated the overall market and is expected to be the leading region in the market by 2021. The growing demand for better efficiency to reduce downtime in manufacturing and process industries in the region has fuelled the demand from the market. However, during the forecast horizon, Asia Pacific is anticipated to be the fastest region in the market owing to the rapid industrialization and favorable government policies to boost manufacturing industries in the region.
Describing the competitive hierarchy, the report profiles some of the key players in the global industrial agitator market such as SPX Corporation, EKATO Group, Sulzer Ltd., Chemineer Inc., Philadelphia Mixing Solutions Ltd., Xylem Inc., Tacmina Corporation, Flux-Gerate GmbH, Mixel Agitators, and Mersen SA. The report provides detailed information about the key players including their business strategies, financial overview, and recent developments.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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