Global industrial agitator market was valued at USD 2.1 billion in 2014, growing at a CAGR of 5.8% from 2015 to 2021. Industrial agitators are mechanical device designed to meet mixing and agitation needs of various manufacturing and process industries primarily including chemical, oil, gas and petrochemical, food and beverages and water and wastewater treatment among others.
Albany, NY -- (SBWIRE) -- 01/05/2016 -- 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 make use of industrial agitators for the purpose of cleansing water by removing various pollutants such as sulfur in water.
The growth of industrial agitators market is attributed to the rapid industrialization in developing economies primarily including China, Brazil and India. Growing number of industries in these regions is expected to surge manufacturing activities, which in turn is boosting the demand for industrial agitators. North America and Europe contributed maximum market share of industrial agitators, however growth in these regions are stagnant or have reached to a stage of maturity. Asia Pacific and RoW have better growth potential during the forecast period due to the rise in GDP and favorable government policies to boost manufacturing industries in these regions. The major opportunities of global industrial agitators market lies in the increasing need for customization of industrial agitators specific to end use application. Application specific customization of industrial agitators and refurbishment or replacement of traditional agitators is creating new opportunities in the market.
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Top entry industrial agitator covers most of the homogenization or mixing needs of customers and has a long service life. Due to this factor top entry industrial agitators finds application in various industries primarily including chemical, water and wastewater treatment and oil, gas and petrochemical among others. In 2014, top entry industrial agitators contributed the maximum market share in terms of revenue.
Chemical, water and wastewater treatment and oil, gas and petrochemical are major application segments of the global industrial agitator market. Complex agitation requirements in chemical industries and demand for efficient industrial agitators in water and wastewater treatment and oil, gas and petrochemical industries is driving the market growth. Additionally, demand for customized industrial agitators to suite various mixing application need from industries is further boosting the growth of industrial agitator market during the forecast period.
This market research study analyzes the industrial agitator market globally and provides estimates in terms of revenue (USD Million) from 2015 to 2021. It recognizes the drivers, restraints and opportunities affecting the industry and analyzes their impact over the forecast period.
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The report segments the market on the basis of geography as Europe, North America, Asia-Pacific (APAC), and Rest of the World (RoW), and these have been estimated in terms of revenue (USD Million). In addition, the report segments the market based on the type, which include top entry, side entry, bottom entry, portable and static. It also segments the market on the basis of application as chemical, water and wastewater treatment, oil, gas and petrochemical, food and beverage, pharmaceutical and others. Others application segment include mining, pulp and paper and cosmetics. All these segments have also been estimated on the basis of geography in terms of revenue (USD Million).
For better understanding of the industrial agitator market, we have given key market trends. Furthermore, the study comprises a market attractiveness analysis, where the applications are benchmarked based on their market scope, growth rate and general attractiveness.
The report provides company market share analysis of various industry participants. The key players have also been profiled on the basis of company overview, financial overview, business strategies, and the recent developments in the field of industrial agitator. 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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