According
to a new market report published by Transparency Market Research
“Industrial Agitator Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2015 - 2021,” global industrial
agitator market was valued at USD 2.1 billion in 2014; growing at a
CAGR of 5.8% from 2015 to 2021 to account for USD 3 billion in 2021.
Industrial
agitators are mechanical equipment composed of drive devices (motors
and belts), shafts and impellers. Additionally, mechanical seals are
also used to mount industrial agitators onto the tanks, vessels or
containers for closed tank agitation. Industrial agitators are
mounted or inserted into tanks or vessels by side, top or bottom.
Industrial agitator serves all mixing and agitation needs of raw
materials present in different forms such as solid-solid,
solid-liquid, liquid-liquid and liquid-gas. Furthermore, industrial
agitator finds application across industries primarily chemical, oil,
gas and petrochemical, water and wastewater treatment and
pharmaceutical among others.
Browse
the full Industrial Agitator Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2015 - 2021 report at
http://www.transparencymarketresearch.com/industrial-agitator-market.html
The
industrial agitator market is expected to surge during the forecast
period owing to the growth in manufacturing and process industries
primarily in developing regions such as Asia Pacific and rest of the
world (RoW). Favorable government policies to boost manufacturing
industries in emerging countries such as India, China and Brazil are
anticipated to drive the demand for industrial agitators during the
forecast period. Moreover, demand for advanced and customized
industrial agitators, specific to end use application in
manufacturing and process industries is further aiding the market
growth. However, high maintenance cost and need for frequent
servicing and installation support to consumers is restraining the
market growth. Due to these factors, total operation costs are
escalating which in turn is leading to diminishing profit margin for
industries.
Global-industrial-agitator-market
Top
entry industrial agitator held the largest market share in terms of
revenue in 2015, and is expected to maintain its dominance during the
forecast period. Top entry industrial agitator covers most of the
mixing and homogenization needs of customers and also have a long
service life. Furthermore, increasing application of top entry
industrial agitators in manufacturing and process industries
primarily includes chemical, oil, gas and petrochemical and water and
wastewater treatment. Additionally, demand for customization and
design of industrial agitators by varying the impeller and shaft size
is anticipated to boost the overall market growth during the forecast
period.
By
application chemical segment dominated the global industrial agitator
market in 2015. Growth in chemical industries across the globe is
anticipated to boost the demand for industrial agitators in this
segment. Complex agitation requirements in chemical industries for
uniform mixing, promotion of suspension, reaction and dispersion of
raw materials is leading to increasing incorporation of industrial
agitators in this segment. Furthermore, growth of global industrial
agitator market is attributed to the rising demands for industrial
agitators in water and wastewater treatment industries.
Browse
the full Press Release :
http://www.transparencymarketresearch.com/pressrelease/industrial-agitator-market.htm
Geographically,
North America led the industrial agitator market in 2015 and the
region is expected to continue its dominance by 2021. Demand for
reliability and efficiency to reduce downtime in manufacturing and
process industries in the region is driving the growth of industrial
agitators in the region. However, Asia Pacific (APAC) region have the
highest growth potential during the forecast period due to the rapid
industrialization and favorable government policies to boost
manufacturing industries in the region.
Key
players have also been profiled on the basis of company overview,
financial overview, business strategies and recent developments in
the field of industrial agitator industry. Major market participants
profiled in this report include EKATO Group, SPX Corporation, Sulzer
Ltd. Philadelphia Mixing Solutions, Ltd., Chemineer Inc., Tacmina
Corporation and Xylem, Inc. among others.
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The
report studies the global industrial agitator market, and provides
estimates in terms of revenue (USD Million) from 2015 to 2021. Market
estimates on the basis of type and application for each region. The
market has been segmented as follows
Global
Industrial Agitator Market: By Type
Top
Entry
Side
Entry
Bottom
Entry
Portable
Static
Global
Industrial Agitator Market: By Application
Chemical
Water
and wastewater treatment
Oil,
gas and petrochemical
Food
and beverage
Pharmaceutical
Others
(Mining, Pulp and paper & Cosmetics)
Industrial Agitator Market
Global
Industrial Agitator Market: By Geography
North
America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Rest
of Europe
Asia
Pacific
India
China
Japan
Rest
of Asia Pacific
Rest
of the World
Latin
America
Middle
East
Africa
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Us:
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Market Research (TMR) is a global market intelligence company,
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Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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