Global Industrial Agitator Market Size, Share, Growth, Trends, Company Analysis and Forecast 2020 to 2027

Published Date : Aug 2019 | No. of Pages : 140 Pages | Category : Machinery and Equipment

The global industrial agitator market size is expected to reach US$ 2,312.1 Mn by 2026, expanding at a CAGR of 4.7% from 2019 to 2026. In terms of volume, the global industrial agitator market is expected to reach 427.8 ‘000 units by 2027, expanding at a CAGR of 3.8% during the forecast period 2019 to 2026.

Industrial agitators are mechanical equipment composed of drive devices (motors and belts), shafts and impellers. Additionally, mechanical seals are also used to mount industrial agitators onto the tanks, vessels or containers for closed tank agitation. Industrial agitators are mounted or inserted into tanks or vessels by side, top or bottom. Industrial agitator serves all mixing and agitation needs of raw materials present in different forms such as solid-solid, solid-liquid, liquid-liquid and liquid-gas. Furthermore, industrial agitator finds application across industries primarily chemical, oil, gas and petrochemical, water and wastewater treatment and pharmaceutical among others.

The global industrial agitator market size is expected to reach US$ 2,325 Mn by 2027, expanding at a CAGR of 4.3% from 2020 to 2027. In terms of volume, the global industrial agitator market is expected to reach 424.8 ‘000 units by 2027, expanding at a CAGR of 4% during the forecast period. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

North America is the second-largest market for industrial agitator in the world. Various end-use industries, ranging from oil, gas and petrochemical to water and wastewater treatment, utilize industrial agitators for mixing purposes. In North America, the U.S. is a prominent market for industrial agitator, followed by Canada. The U.S. is a major producers of natural gas, including shale gas, in the world. As per the U.S. Energy Information Administration (EIA), in December 2018, the U.S. produced about 65 billion cubic feet per day (Bcf/d) of natural gas (shale gas and tight oil), which is about 70.0% of total U.S. natural gas production. Furthermore, in December 2018, the country produced about seven million barrels per day (b/d) of crude oil, which is 60.0% of the total U.S. oil production. Compared to production a decade ago, in December 2008, natural gas (shale gas and tight oil) accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production. Thus, a rise in the demand for shale gas across the U.S. is boosting the demand for industrial agitators across North America.

Europe is the third-largest market for industrial agitator in the world. Among the various end-use industries that use industrial agitators across Europe, food & beverage is a prominent end-user. The food & beverage industry is a prominent manufacturing industry in Europe, in terms of gross value added to the economy and number of people employed. Germany, the U.K., and France are major markets for industrial agitator in Europe. In terms of value addition by the food & beverage sector, Germany is a notable market in Europe. Therefore, a rise in the demand for food & beverage products is driving the production of food & beverage, which is subsequently propelling the demand for industrial agitators in Germany.

Asia Pacific is a significant market for industrial agitator in the world. In Asia Pacific, China is a major market for industrial agitator, followed by Japan and India. As per the CEFIC (European Chemical Industry Council), China increased its share of global chemical sales from 14.8% in 2007 to 37.2% in 2017. Both South Korea and India increased their share of global chemical sales from 3.3% and 2.1% in 2007, respectively, to 3.5% and 2.9% in 2017, respectively. On the other hand, the share held by Japan of the global chemical sales declined from 6.8% in 2007 to 4.4% in 2017. Therefore, a rise in the demand for chemicals across the countries in Asia Pacific is propelling the demand for industrial agitators in the region.

Middle East & Africa (MEA) is a relatively minor market for industrial agitator in the world. GCC (Gulf Cooperation Council) countries, which include the United Arab Emirates (UAE), Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain, is a prominent market for industrial agitator in the region. South Africa is the second-largest market in MEA.

South America is the fourth-largest market for industrial agitator in the world. Brazil is a prominent market for industrial agitator in South America. Expansion of oil & gas industry in Brazil is driving the demand for industrial agitators in Brazil.

The report analyzes and forecasts the industrial agitator market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global industrial agitator market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the industrial agitator market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of industrial agitator market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Competitive Landscape

The global industrial agitator market consists of global players as well as large number of medium and small players. The report includes detailed analysis of the global industrial agitator market, SWOT (Strength, Weakness, Opportunity, and Threats) analysis of the market, porter’s five force analysis, key macroeconomic indicators influencing the market and trends. The industry analysis includes value chain analysis of the global industrial agitator market.

The report highlights major companies operating in the global industrial agitator market, which include Sulzer Ltd, Ekato Group, Philadelphia Mixing Solutions, Ltd., Xylem, Inc., Tacmina Corporation, Mixel Agitators, Dynamix Agitators Inc., Silverson Machines Ltd., SPX FLOW, Inc., and Fluid Kotthoff GmbH.  

These market players have been profiled in terms of attributes such as description of the company, financial (if available), products, and key strategies to increase market share in the global industrial agitator market.   

The global industrial agitator market has been segmented as below:

Global Industrial Agitator Market, by Product Type

  • Top-Mounted Vertical/ Top-Entry
  • Side Entry/ Side-Mounted Horizontal
  • Static Mixer
  • Bottom Entry
  • Portable

 Global Industrial Agitator Market, by End-use Industry

  • Water and wastewater treatment
  • Food & Beverage
  • Chemical
  • Oil, gas and petrochemical
  • Pharmaceutical
  • Others

 Global Industrial Agitator Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

Reasons to Purchase this Report:

- Estimates 2019-2026 industrial agitator market development trends with the recent trends and SWOT analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global industrial agitator capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key industrial agitator manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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