The industrial agitator is extremely useful in the industrial processes such as chemical, pharmaceutical, and cosmetics industries. Market Research Future (MRFR) has published a report on the global industrial agitator market that envisions the expansion of the market which is expected to reach approximately USD 3 Billion by 2023 and to grow at a CAGR of 7% over the forecast period 2017-2023.
The primary function of a mechanical agitator is accounted to assimilate the liquids, combines the chain of chemical reactions, processing the homogeneous liquid, and increase the heat transfer and especially used in stirring and mixing the gases and liquids. The industrial agitator market has witnessed tremendous growth over the recent years, and its findings suggest that the fantastic growth is expected for the market in the years to come due to its robust designing, applications and its multifunctionality.
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Drivers & Constraints
The necessary factors driving the industrial agitator market is the surging adoption of these in manufacturing and processing industries. Also, surging promotions by environmental agencies to implement agitators, in supportive of reducing environmental wastes are some of the imperative factors that are driving the market with a confident pull.
Further factors contributing to the market growth include an advance mechanism which is required for mixing of gas in equal proportion, which in turn is fuelling the industrial agitator market. On the other hand, the high installation cost and constant need for maintenance & renovations of the mechanical device are expected to deter the growth of industrial agitator over the forecast period.
the global industrial agitator market has been segmented into type, component, model, form, and by the application.
Based on the type, the industrial agitator market has sub-segments which includes top entry, side entry, bottom entry, portable, and static.
Based on the model segment, it includes large tank fixers, drum fixers, portable fixers, and others.
Based on the component segment, the market includes heads, sealing systems, impellers, anchor, turbine, propeller, paddle and others.
Based on form segment, Industrial Agitator Manufacturers Market is divided on the basis of the solid-solid mixture, solid-liquid mixture, liquid-liquid mixture, and liquid-gas mixture.
Based on the application segment, the industrial agitator is segmented chemical, mining, food & beverages, pharmaceutical, paint and coatings, cosmetics, and others.
Geographically, North America is presumed to be the largest industrial agitator market share owing to advanced technological infrastructure, which simultaneously encourages local manufacturers to innovate and design the agitators according to the industrial verticals.
Asia Pacific region currently holds the faster pace of the market growth over the past years and is also expected to achieve a good share of the market in the forecast period. Countries such as India, Japan, and China are the leading with an upsurge of the industrial agitator market owing to surging industrialization and increased investment, hence boosting the manufacturing sector. Whereas, Europe is anticipated to have a substantial industrial agitator market growth in the years to come.
Some of the key players of industrial agitator market include Xylem, Inc. (U.S.), SPX Flow, Inc. (U.S.), Sulzer Ltd. (Switzerland), Philadelphia Mixing Solutions Ltd. (U.S.), Dynamix Agitators Inc. (Canada), Mixer Direct, Inc. (U.S.), Tacmina Corporation (Japan), Statiflo International Ltd. (U.K.), Ekato Holdings GmbH (Germany), Fluid Kotthoff GmbH (Germany), KSB (U.S.) and Silverson Machines Inc. (U.K.)
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