A recent report published by Infinium Global Research on the industrial agitator market provides in-depth analysis of segments and
sub-segments in the global as well as regional industrial agitator market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional industrial agitator market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecasts, and dollar values of the global industrial agitator market. According to the
report, the global industrial agitator market is projected to grow at a CAGR of
2.7% over the forecast period of 2020-2026.
Industrial agitators are vital industrial tools utilized in
industries where liquids are required to be blended. Industrial agitators are
specifically designed for improved efficiency, fast amalgamation, and
economical maintenance in several industrial applications. They are majorly
used in process industries such as food, water treatment, pharmaceutical,
chemical bio-technology, fermentation, and cosmetic industries. Industrial
agitator finds wide scope to the end user industries owing to optimized processes,
ongoing innovation, and adoption of advanced in-tank technology. However, the
current concerns over the spread of coronavirus are expected to positively
impact the growth of the industrial agitators market. Industrial equipment
companies are struggling with the immediate impact of COVID-19 as both their
supply chain and manufacturing operations are being disrupted. This has also
lead to economic uncertainties and further added a layer of complexity to
the challenging environment. Currently, major companies mostly focusing on
ensuring the most flexible supply chain management possible along with
protecting their workforce. This emergence of coronavirus pandemic is
increasing the impact on value delivery models, with exceptional consequences
for major players. Manufacturers may overcome from pandemic with new forms of
collaboration to increase overall resilience.
Gradually developing the manufacturing sector, rising demand for
mixing substances with low power consumption, and growing demand from
process industries are driving the growth of the industrial agitator market. The surge in demand for Customized Industrial Agitators and the rise in demand for projects
is expected to escalate the demand of the market. This is expected to create
potential demand for the industrial agitator over the forecast period.
Furthermore, rising investments by major key players in the agitator's segment
are also expected to fuel the expansion of the market. However, the high cost of
production and maintenance remains a major hindrance factor for the industrial
agitator market. Additionally, advanced features of the product such as
flexibility, rapid mixing characteristic, and strong structure will boost the
growth of the industrial agitator market in the forecast period. Furthermore, the
rapidly increasing requirement of the product to remove pollutants from the
wastewater treatment plant will enhance the product reach as well as
North American region is projected to register at a maximum
growth over the estimated year, subject to steady production as well as product
demand & supply in countries such as Canada and the U.S. Rapid
industrialization, rising demand for efficient and reliable agitators are the
major factors that drive the growth of the North American biologics market.
Moreover, recent technological development in agitators is anticipated to boost
the demand in this region. The Asia Pacific is anticipated to hold the second
largest share owing to the growing adoption of energy-efficient equipment and the rising need for technologically advanced products.
The report on the global industrial agitator market covers
segments such as mounting type, mixing method, model, component type, and
end-user. On the basis of the mounting type, the sub-markets include top-mounted,
bottom-mounted, and side-mounted. On the basis of the mixing method, the
sub-markets include solid-solid mixture, liquid-liquid mixture, liquid-gas a mixture, and solid-liquid mixture. On the basis of the model, the sub-markets
include portable agitators, large tank agitators, drum agitators, and others.
On the basis of component type, the sub-markets include impellers, heads, and
sealing systems. On the basis of end-user, the sub-markets include
pharmaceutical, water & wastewater treatment, pharmaceutical, oil, and gas,
food and beverages, paint and coating, and chemical sectors.
The report provides profiles of the companies in the market
such as Philadelphia Mixing Solutions, Ltd, Alfa Laval AB, Dynamix Agitators
Inc., Statiflo International Ltd., Tacmina Corporation, Sulzer Ltd., Ekato
Holdings GmbH, Fluid Kotthoff GmbH, Xylem, Inc., and Mixer Systems Inc.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of industrial
agitator market. Moreover, the study highlights current market trends and
provides forecast from 2020-2026. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.