Industrial Agitators Market is Expected to Reach $4487.6 Million, Globally, by 2027
Jan 8, 2019
The drum industrial agitators sub-segment is expected to create an incremental opportunity of 834.2 Mn between 2019 and 2027
Valley Cottage, United States - January 7, 2019 /MarketersMedia/ —
Future Market Insights (FMI) has recently published a report titled ‘Industrial Agitators Market – Global Industry Analysis 2013-2018 and Opportunity Assessment 2019-2027.’ Industrial agitators are simple instruments used for the mixing of two types of liquids together. However, with time, industrial agitators are being used in more applications and for performing different functions such as keeping the homogeneous liquid bulk during storage, increasing the heat transfer and promoting the reaction between chemicals. Industrial agitators work on the basic principle where the rotation of the impeller is used for the blending of the liquids.
The global industrial agitators market is expected to grow at a CAGR of 7.8% during the forecast period. The industrial agitators market was valued at US$ 2293.4 Mn in 2018, and is projected to grow significantly to reach US$ 4487.6 Mn by 2027 due to the flexibility provided by industrial agitators to work in multiple industries and the increasing number of small and medium manufacturers across the world, which receive funding from venture capitalists as well as help from the governments of their countries of operation.
In this report, FMI has segmented the global industrial agitators market by type, by model, by end user and by region. By type, the industrial agitators market is sub-segmented into top entry industrial agitators, side-entry industrial agitators and bottom-entry industrial agitators. The top-entry industrial agitators sub-segment of the global industrial agitators market is projected to register a 69.0% market share at the end of 2018. In addition, in terms of volume, the top-entry industrial agitators sub-segment is also expected to register a CAGR of 7.8% during the forecast period.
Request Sample of Global Industrial Agitators Market @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3323
Based on model, the industrial agitators market is sub-segmented into large-tank agitators, drum agitators, portable agitators and tote agitators. Due to the increasing demand from the paints & coatings industry as well as the inks & pigments industry, the tote industrial agitators sub-segment is expected to register a CAGR of 8.7% during the forecast period. In the recent years, industrial agitators have been gaining traction in the developing countries as there is an increase in the number of chemical industries where the industrial agitators find applications. It has been observed that an increase in the number of laboratories and research institutions is also driving the industrial agitators market due to an increase in the number of industrial agitators at research laboratories of the food, pulp & paper and similar other industries in the recent times. Due to these factors, the tote industrial agitators sub-segment is projected to create potential growth opportunities for the manufacturers of industrial agitators.
Based on end user, the global industrial agitators market is segmented into chemical, pharmaceutical, food & beverages, paper & pulp, waste & wastewater treatment, and oil, gas & petrochemical. In terms of value, the chemicals sub-segment is projected to register a CAGR of 8.8% during the forecast period, and, in terms of volume, the paper and pulp sub-segment is expected to register a CAGR of 8.5% during the forecast period. In addition, advancements in technology have resulted in an increase in the demand for application-specific customised industrial agitators, which is among the key factors expected to boost the market during the forecast period. Owing to these factors, the chemicals sub-segment of the global industrial agitators market is projected to register a 22.3% market share at the end of 2018.
In addition, the report covers the trends that drive all the segments and offers insights & analysis about the growth potential of the industrial agitators market in various regions, which include Europe (Germany, Italy, France, Spain, U.K. & the rest of Europe), Latin America (Brazil, Mexico & the rest of Latin America), APEJ (China, India, Malaysia, Australia, Singapore & the rest of APEJ), North America (U.S. & Canada), MEA (GCC Countries, Israel, South Africa & the rest of MEA) and Japan. The revenue contribution of APEJ is estimated to increase at a CAGR of 8.4% over the forecast period due to consistent innovations as well as an increase in the number of research activities at laboratories, which is fuelling the adoption of industrial agitators in this region.
Inquiry for customization in Report @ https://www.futuremarketinsights.com/customization-available/rep-gb-3323
According to FMI analysis, strategies such as product innovations, improvements in durability and others are estimated to boost the revenue, due to which the vendors of industrial agitators are likely to be able to reach new growth markets. Xylem Inc. is one of the prominent vendors in the industrial agitators market. The company offers industrial agitators for different end-users such as chemicals, pulp and papers etc. As per FMI analysis, Xylem Inc. plans to upgrade its existing products to enhance its customer base by providing an improved user experience. Some of the key players featured in the global industrial agitators market report include Xylem Inc., Silverson Machines Ltd., Dynamix Agitators Inc., EKATO HOLDING GmbH, Philadelphia Mixing Solutions, Ltd., Tacmina Corporation, SPX FLOW, Inc., Sulzer Ltd, Statiflo International Ltd., MIXEL Agitators, Mixer Direct Inc., Alfa Laval AB.
More from Electronics, Semiconductors, and ICT Market Insights:
• RF Power Semiconductor Adoption Assessment 2019
• Tableau Services License Shipments 2019
• Edutainment Market Revenue Projections 2019
Contact Info:
Name: Abhishek Budholiya
Organization: Future Market Insights
Address: 616 Corporate Way, Suite 2-9018
Phone: 3479183531
Website: https://www.futuremarketinsights.com/reports/industrial-agitators-market
Source: MarketersMedia
Release ID: 466677
More News
What’s the Right “Level of Care” for A.I.?
Another executive departed OpenAI, raising questions about the company’s commitment to safety.
CNN C.E.O. Mark Thompson Says He Will Stay On Under New Owner Skydance
Mark Thompson told the network’s employees that he had faith that David Ellison, the chief executive of Skydance, would support “independent news that CNN has always stood for.”
Russians Snap Up Chinese E.V.s as Ukrainian Attacks Make Fuel Scarce
As Ukraine increasingly takes the war to Russia, the effects may be most visible on the roads.
BT agrees rescue deal to buy broadband operator TalkTalk
The takeover still needs to be approved by the regulator, but would give certainty to TalkTalk's millions of customers
Why are data centres such a big deal in Scotland?
At least 23 huge data centres are planned in Scotland, causing significant concern for campaigners.
Trump chooses top spy boss to run new AI taskforce
The US president said his national intelligence chief will lead the group as worries over AI grow.
Average five-year mortgage rate hits 6% for first time in three years
The cost of a new fixed-rate mortgage has been rising in recent weeks as lenders face higher costs.
5 Challenges David Ellison Faces as He Snags His Hollywood Prize
The tech scion has given his combination of Warner Bros. Discovery and Paramount a new name: Skydance. Now he must make tough decisions about news, movies, streaming, sports and debt.
How to Get a VAT Tax Refund
Here are the steps to get your money back on VAT taxes, which are widespread in Europe and are bundled into the costs of certain items that travelers take home with them.
How to Get a VAT Tax Refund
Here are the steps to get your money back on VAT taxes, which are widespread in Europe and are bundled into the costs of certain items that travelers take home with them.
To Make More Money, Rolls-Royce Is Aiming Higher on Price, Not Production
The luxury carmaker is expanding its factory in Britain to focus on rarefied custom cars. First up is a $3.5 million-plus electric roadster.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.