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Industrial Agitator Market Size Will Be US$3.647 Bn by 2025 Asia Pacific to Clock Maximum Growth

The global industrial agitator market, so far, has grown at a steady pace. In 2016, the market was valued at US$2.245 bn. Rising at a steady 5.7% CAGR during the period between 2017 and 2025, the market is slated to attain a value of US$3.647 bn by 2025 from US$2.245 bn in 2016.

 

Albany, NY -- (SBWIRE) -- 04/06/2018 -- Global Industrial Agitator Market: Overview

Industrial agitator serves the purpose of mixing two or more materials in various proportions and also of different viscosity to attain a desired level of uniformity in end products. Industrial agitators primarily serves various mixing application needs in manufacturing industries including chemical, oil, gas and petrochemical, pharmaceutical and food and beverages among others. Water and wastewater treatment industries also one of the potential application area of industrial agitators for the purpose of cleansing water by removing various pollutants such as sulfur in water.

The report also provides assessment of different drivers that is impacting the global market, along with the restraints and opportunities that has also been covered under the scope of this report. For each segment (such as type, applications), market dynamics analysis has been provided. All these factors help in determining different trends that has been impacting the overall market growth. Moreover, after taking into consideration all this factors, an extensive analysis of the region wise growth parameters of industrial agitator market along with the overall assessment for the forecast period of 2017-2025 has also been provided within this report.

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The Industrial Agitator 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)

Global Industrial Agitator Market: By Region

North America
The U.S
Canada
Mexico
Europe
U.K
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of APAC
Middle East and Africa
U.A.E
South Africa
Rest of MEA
Latin America
Brazil
Rest of Latin America

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Use in Various Applications Catapults Demand for Top Entry Industrial Agitators

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. Besides, top entry agitators can be used on both open and close tanks. As the name says, it is mostly deployed from the top of the tank, which allows easy access to serviceable parts. This in turn, prevents direct contact with effluent and sludge while installing or servicing the agitator, which has an obvious safety and health benefit. In addition, top entry industrial agitators also find application in manufacturing and process industries such as oil and petrochemical, chemical, and gas.

Asia Pacific to Clock Maximum Growth due to Urbanization and Industrialization

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. 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.

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.

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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.