Application specific product development and technological advancements will present growth opportunities to companies accounting for pneumatic conveying systems market share
Sellbyville, DE -- (SBWIRE) -- 03/26/2019 -- Pneumatic Conveying System Market will witness a massive surge over the coming five years owing to the growing requirement for effective filtration across the petrochemical, food, pharmaceutical, rubber & plastic, chemical processing, and ceramic sectors.
Varied benefits offered by the equipment are cost savings, improved quality, increased productivity and minimized production downtime. End user industries are petrochemical, rubber & plastic, chemical, ceramic, waste water management, food, cement industry and pharmaceutical is anticipated to spur the industry. Players are showing interest in this equipment installation for better production and prevent product contamination from dust particles. These advantages support the growth of pneumatic conveying system market.
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Installation of the equipment involves high investment costs which may restrict the manufacturers to employ in their facility. In addition, bulky material notably rocks and gravel are difficult to transmit and a few sticky substances produce a coating on the surface area, thereby blocking the further process. These factors contribute to the decline of pneumatic conveying system market share over the forecast timeframe.
Positive pressure equipment is expected to increase at over 5.5% during the forecast timeframe. The growing demand for these products is attributed to bulk carrying capacity from one source to multiple terminals. Vacuum equipment is expected to have considerable growth rate during the forecast timeline owing to increasing implementation in free and light flowing materials such as pellets, powder and granules.
Dilute phase transmission systems market is expected to have substantial growth rate during the forecast period owing to its property of using air pressure for transmitting goods. Dense phase is projected to grow with a CAGR of over 5% during 2015 – 2022 which involves usage of transporters such as pressure and blow tanks.
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Pharmaceutical industry is expected to grow with a CAGR of 5% during the projected timeline due to broad usage of the equipment in blending, granulation, staging, coating, compression, and packing. Ceramics industry is expected to have significant growth rate in the forecast period and exceed USD 5 billion by 2022 owing to thriving automation in production units. Food industry is anticipated to cross USD 8.5 billion by 2022.
Taking into consideration the regional trends, Asia Pacific pneumatic conveying system market is forecast to display highest growth over the next few years. Speedy industrial development across India and China is expected to drive the regional growth. Pneumatic Conveying System market in China is projected to grow at a rate of 6.2% over 2015-2022. Driven by the high rate of industrialization, India Pneumatic Conveying System industry is anticipated to hit USD 1,240 million by 2022.
U.S. industry is anticipated to reach USD 6 billion by 2022 and will drive North America Pneumatic Conveying System market in the years ahead. Easy availability of technologically advanced filters along with the introduction of novel methods that facilitate free material flow will contribute significantly towards the expansion of the industry.
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Market players will try to increase their ROI through strategic alliances and new product launches. Key industry participants include Gericke, Pneucon Valves Private Limited, Atlas Copco, Flexicon Corporation, Coperion K-Tron, Dynamic Air Incorporation, Schenck Process LLC, Dong Yang P&F Company, Cyclonaire Corporation, and AZO GmbH & Co. KG.
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