(MENAFNEditorial) Market Research Future published a research report on 'Industrial Agitator Market Research Report- Forecast 2023' – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Overview:
The industrial agitator is an equipment, which assimilates two or more materials in customized proportions of different viscosity to gain a standard level of quantity in end products. This mechanical device mixes heterogeneous form of matter used in different verticals such as solid-liquid, liquid-liquid, solid- gas and gas-gas.
The top mount agitator has considerable features, which reduces the efforts for the operating the device, and increases the efficiency. Therefore, the top-mounted industrial agitators are presumed to gain the significant market growth during the forecast period. Additionally, the industrial agitator devices are extensively used in different verticals such as chemical, mining, food & beverages, pharmaceutical, paint and coatings, cosmetics and others. With the constantly evolving technologies, companies are innovative lightweight products in order to ease the transportation of the devices in large quantity. Rising need and increasing adoption of industrial agitators in the manufacturing and processing industries are expected to drive the over the forecast period.
On the other hand, frequent repairs and maintenance of the devices are presumed to hinder the growth of industrial agitator market over the review period.
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Key Players
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.)
Global Industrial Agitator Market Segmentation
The industrial agitator market is categorized by type, component, model, form and by the application.
Based on the type, the industrial agitator market is sub-divided into the top entry, side entry, bottom entry, portable, and static. The model segment includes large tank mixers, drum mixers, portable mixers, and others. Furthermore, the component segment is comprised of heads, sealing systems, impellers, anchor, turbine, propeller, paddle and others.
The industrial agitator is further segmented on the basis of form that includes solid-solid mixture, solid-liquid mixture, liquid-liquid mixture, and liquid-gas mixture.
On the basis of application segment, the industrial agitator is segregated into chemical, mining, food & beverages, pharmaceutical, paint and coatings, cosmetics and others.
According to Market Research Future analysis, Industrial Agitator Market has been valued at approximately USD 3 billion growing with a 7% CAGR during the forecast period 2017-2023.
Regional Analysis
Geographically, the Industrial Agitator is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.
North America is presumed to be the dominating region in industrial agitator market. The U.S. Canada and Mexico are the leading countries in this region. This is due to advanced technological infrastructure, which encourages local manufacturers to innovate and design the agitators according to various industrial verticals. Furthermore, Asia Pacific is also anticipated to be the fastest growing region in the industrial agitator market over the forecast period. India, Japan, and China are the leading countries in the region owing to surging industrialization and increased investment from advanced economies to boost the manufacturing sector. Europe is anticipated to have a substantial growth over the forecast period.
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Target Audience:
- Research Firms.
- Government Agencies
- Industrial mixers service providers
- Manufacturing companies
- Research organizations
- Industrial mixers-related associations, organizations, forums, and alliances
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