Industrial Agitator Market: Widespread Application across Various Industries Drives Growth
Swift pace of industrialization, particularly in fast-expanding developing nations in Asia Pacific and South America, namely China, India, and Brazil, has been at the forefront of driving growth in the global industrial agitators market.
On account of such tailwinds the global industrial agitator market has grown at a steady pace so far. Going forward, it is predicted to register a CAGR of 5.7% from 2017 and 2025 to become worth US$3.647 bn by 2025 from US$2.245 bn in 2016, finds a report by Transparency Market Research.
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The various types of industrial agitators purveyed in the market are side entry, top entry, bottom entry, static, and portable. At present, the top entry industrial agitator, rakes in maximum revenue and going forward too is predicted to continue doing so. The popularity of top entry industrial agitators results from the fact that they can be used to satisfy almost any need of the end-user for mixing and homogenization and they have a long service life.
The surging demand for the nutraceuticals, on the back of a growing crop of consumers opting for organic food, in the upcoming years will likely keep boosting the market.
From a geographical perspective, North America leads the global industrial agitator market vis-à-vis revenue. In 2016, it accounted for over 30.0% of the total market size. The expansion of the market in the region has been driven mainly by the U.S. and Canada.
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Driving the industrial agitator market in Europe is the pulp and the paper industry which results in massive volumes of wastewater. On account of it, Europe trails North America in terms of market share. In terms of growth rate, Asia Pacific will likely surpass other regions because of high degree of pollution, acute water shortage, key regulatory changes, and swift pace of urbanization and industrialization.
The region contributed more than 20.0% of the total revenue share in 2016, which is expected to increase by 2025 by rising at a CAGR of 6.2%. China and India are main markets in the region.
EKATO GROUP, Sulzer Ltd., Philadelphia Mixing Solutions, Ltd., Chemineer Inc., Xylem, Inc., Tacmina Corporation, Mixel Agitators, Dynamix Agitators Inc., Silverson Machines, Inc., and SPX Flow Inc. are to name a few prominent names operating in the global industrial agitator market.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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