Industrial agitators, which work on the basic principle in which the rotation of the impeller is used to blend the liquids together, have been in demand due to the flexibility of their usage in different industry sectors.
Industrial agitators are electrical instruments that are used for the mixing of two types of liquids. Industrial agitators have been evolving and have been involved in more applications apart from the mixing of liquids.
Industrial agitators are being used for performing different functions such as maintaining the homogenous liquid bulk during storage, increasing the heat transfer and promoting the reaction between chemicals.
Top-entry industrial agitators are projected to dominate the market throughout the forecast period
In the industrial agitators market, the leading players are offering industrial agitators of different types in terms of efficiency and features.
In the industrial agitators market report by FMI, the market has been segmented by model, type, end-user and region. By type, the industrial agitators market is sub-segmented into top-entry industrial agitators, bottom-entry industrial agitators and side-entry industrial agitators.
The top-entry industrial agitators sub-segment is contributing to the growth of the global industrial agitators market owing a rapid increase in the demand for industrial agitators in various chemical industries.
The demand for top-entry industrial agitators has been observed to have increased with an increase in the number of chemical manufacturers across the world.
Due to these factors, the top-entry industrial agitators sub-segment is expected to register high growth and hold a market share of around 70% of the global market at the end of 2027.
The drum agitators segment is expected to drive the market over the projected period
Based on model, the industrial agitators market has been sub-segmented into tote industrial agitators, portable industrial agitators, drum agitators and large-tank industrial agitators.
Industrial agitators have been popular among industries because of the increasing importance of the quality of liquids and chemicals across different industrial sectors. The drum industrial agitators sub-segment is expected to create an incremental opportunity of 834.2 Mn between 2019 and 2027.
In addition, in terms of volume, the portable agitator sub-segment is also expected to register a CAGR of more than 7.3% during the forecast period.
Moreover, the tote industrial agitators sub-segment is estimated to create revenue opportunities for the manufacturers of industrial agitators in the near future due to an increase in the number of laboratories across the globe, which require industrial agitators.
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The chemicals end-user sub-segment is dominating the market with the highest market share
By end user, the global industrial agitators market is segmented into chemical, food & beverages, pharmaceuticals, waste & wastewater treatment, paper & pulp, and oil, gas & petrochemicals.
In terms of volume, the paper and pulp sub-segment is expected to create a CAGR of 8.5% during the forecast period and in terms of value, the chemicals sub-segment is projected to create a CAGR of 8.8% during the forecast period.
In addition, the chemicals sub-segment of the global industrial agitators market is projected to register a 22.3% market share at the end of 2018. In addition, advancements in technology have resulted in an increase in the demand for application-specific customised industrial agitators, which is expected to remain among the key factors expected to boost the industrial agitators market throughout the forecast period.
This industrial agitators market report elaborates the trends that are likely to drive the segments of the industrial agitators market, and provides appropriate insights & analysis about the growth opportunities that are expected to be witnessed by the industrial agitators market in different regions across the world, which include MEA (South Africa, Israel, GCC Countries & the rest of MEA), Europe (Spain, U.K., Italy, France, Germany & the rest of Europe), North America (U.S. & Canada), Japan, APEJ (Malaysia, China, Singapore, Australia, India & the rest of APEJ) and Latin America (Brazil, Mexico & the rest of Latin America).
As per the geographic regions, the North America industrial agitators market is projected to lead the global industrial agitators market owing to the presence of a large number of manufacturers of industrial agitators in the region.
Furthermore, the APEJ region is expected to exhibit the highest growth rate during the forecast period in the global market owing to an increase in the number of advanced laboratories in the region, which require industrial agitators for research.
These laboratories are generally seen to be product-specific and working for a particular organisation. Owing to constant innovations and increasing research activities in laboratories, the revenue contribution of the APEJ market is estimated to increase at a CAGR of 8.4% during the forecast period due to an expected increase in the adoption of industrial agitators in this region.
As per FMI analysis, some of the key strategies observed for competing in the industrial agitators market are improvements in product design to provide durability, product innovations and improvements in the distribution channel to boost revenue, which is expected to enable the manufacturers of industrial agitators to reach new growth markets.
In addition, Xylem Inc., which is one of the prominent vendors of industrial agitators, is offering industrial agitators for different end-users such as chemicals, pulp & papers industries, etc.
According to FMI analysis, Xylem Inc. is advancing its existing products, which is expected to help increase its customer base owing to improvements in the experience of customers.
Some of the market players featured in the global industrial agitators market report are Xylem Inc., Silverson Machines Ltd., Dynamix Agitators Inc., EKATO HOLDING GmbH, Philadelphia Mixing Solutions, Ltd., Tacmina Corporation, SPX FLOW, Inc., Sulzer Ltd, Statiflo International Ltd., MIXEL Agitators, Mixer Direct Inc., Alfa Laval AB.
Key Segments Covered
- Top entry
- Side entry
- Bottom entry
- Large Tank Agitators
- Drum Agitators
- Portable Agitators
- Tote Agitators
- Food and Beverages
- Paper and Pulp
- Waste and Wastewater Treatment
- Oil, Gas And Petrochemical
Key Regions covered:
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Rest of APEJ
- GCC Countries
- South Africa
- Rest of MEA