According to the latest report by IMARC Group, titled “Industrial Agitators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.’ the study provides a detailed analysis of the industry, including the global industrial agitators market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the Industrial Agitators Market?
The global industrial agitators market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032.
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What are Industrial Agitators?
Industrial agitators represent rotating machines that mix and homogenize various products with equal phases by creating a flow between solids and liquids. They are used in numerous industries for heat transfer, emulsification, suspension, high viscosity blending, gas dispersion, etc. Presently, several manufacturers are offering a comprehensive and advanced range of high-efficiency and high-speed industrial agitators for easily transforming raw materials into the desired product of plastic, stainless steel, or fiberglass reinforced plastics (FRP) tanks.
What are the growth prospects and trends in the industrial agitators industry?
The escalating product utilization in the pharmaceutical industry for improving the overall performance and reducing the production cost of medicines is among the primary factors driving the industrial agitators market. Apart from this, the rising prevalence of numerous chronic diseases across the globe is also positively influencing the market growth.
Additionally, the growing demand for ready-to-eat (RTE) food products is increasing the adoption of industrial agitators in the food and beverage industry and augmenting the global market. Besides this, these products are gaining traction in water and wastewater management, wherein they perform solids suspension, dissolution, flocculation, etc. This, in turn, is acting as another significant growth-inducing factor. Furthermore, the elevating popularity of biodiesel is fueling the product usage in the oil and gas industry for mixing petrochemicals, which is also bolstering the market growth. In line with this, the launch of numerous initiatives by government bodies to encourage the utilization of biodiesel in power generation, vehicles, residential and commercial heating, etc., is anticipated to stimulate the industrial agitators market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Industrial Stirrer
- Paint Mixers
- High Speed Stirrers
- Chemical Agitators
- Others
Breakup by Mounting Type:
- Top-mounted
- Side-mounted
- Bottom-mounted
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Industry Vertical:
- Chemicals and Paints
- Material and Construction
- Food and Beverages
- Pharmaceutical
- Consumer Goods
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Who are the key players operating in the industry?
The report covers the major market players including:
- Dynamix Agitators Inc
- EKATO Holding Gmbh
- Mixer Direct
- NOV Inc
- Silverson
- SPX FLOW Inc
- Statiflo International Ltd
- Sulzer Ltd
- TACMINA CORPORATION
- Xylem Inc
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