Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Industrial agitators are machines used for mixing purposes across various end use industries such as chemicals, pharmaceuticals, food & beverage, oil & gas, cosmetics, paints & coatings and others. They are used to mix various process media including all solids, liquid types and gases. An agitator is usually made of shaft, impellers, mechanical seal, motor and gearbox. They can be mounted on the top, side or bottom side of the tanks or containers and are suitable for a large number of industrial applications of blending, heat transfer, homogenization, suspension, storage, fermentation, hydrogenation and many other processes.
North America's industrial agitators market is presently being driven by growing market for food and beverage, pharmaceutical and science and chemical industry across the region and ongoing advancements and innovations in waste water treatment and paints & coatings. Moreover, factors such as ongoing developments in the pharmaceuticals industry and massive presence of various research laboratories and institutes has a positive impact on the growth of the market.
The widespread pandemic drastically affected the global supply chain. Manufacturing sector was one of the hardest-hit segments from COVID-19. Shutdown of economic activities brought the manufacturing facilities to a standstill. This further led to decline in global FDI inflows, and a downturn in economies all over the world. The global FDI was estimated to reduce by 5-15% due to the downfall in manufacturing sector.
The report analyses the industrial agitators market based on mounting, model, form, industry and geography
Top-mounted, side-mounted and bottom-mounted are the mounting types of industrial agitators covered in the market study. The top mounted agitators dominates the market and is also expected to remain the fastest growing segment during the forecasted period. Increasing demand from the water and wastewater treatment industry, wide use in mixing application of API manufacturing industry are the key drivers supporting the growth of the segment.
By model the market is segmented into large tank agitators, portable agitators, drum agitators, and others. Portable agitators are expected to witness fast growth at a CAGR of 5.75% during the forecast period. Increasing adoption of portable agitators in a variety of industries owing to their benefits such as energy-saving, saving valuable resources and manpower, easier cleaning while reducing corrosion and resistance, easy maintenance and installation, and quick move benefit is impelling the growth of the market.
Based on form the market is bifurcated into solid-solid mixture, solid-liquid mixture, liquid-liquid mixture and liquid-gas mixture. The liquid-liquid mixture segment held the largest share of the global industrial agitator market. Increasing consumption of liquid products such as milk, juice, soft drinks, alcohol and other fluid food products, increasing adoption of liquid-liquid mixing technology and agitator equipment in food and beverage and chemical industry are the various factors favouring the growth of the segment.
Industrial agitators have wide range of applications in the chemicals, paints & coatings, minerals, food & beverage, pharmaceuticals and other industries. The chemical segment is predicted to overshadow the industrial agitator market reaching over USD 286.28 million by 2027. The sector has high requirements for suspension, reaction, mixing and dispersion of raw materials. Therefore, there is growing demand for implementation of industrial agitators.
Based on geography, the North America Industrial Agitators market is segmented into U.S., Canada and Mexico. United States dominated the North America industrial agitators market in 2020, which accounted for 78.49% market share. A surge in the adoption of agitators and its various models such as large tank agitators, portable agitators, drum agitators etc. to provide advanced solutions for the food and beverage, chemical and pharmaceutical industry across the region is the major impelling factor behind the growth of industrial agitators across the country.
Some of the vital players operating in this market include SPX FLOW (United States), Xylem Inc (United States), Dynamix Agitators Inc (Canada), Philadelphia Mixing Solutions Ltd (United States), Woodman Agitator Inc (United States), White Mountain Process (United States).
The report analyses the industrial agitators market based on mounting, model, form, industry and geography. Mounting type includes top-mounted, side-mounted and bottom-mounted. Model of industrial agitators market include large tank agitators, portable agitators, drum agitators and others. By form it is divided into four types that are solid-solid, slid-liquid, liquid-liquid and liquid-gas mixture. According to industry it is classified into chemicals, paints & coatings, minerals, food & beverage, pharmaceuticals and other industries.
Some of the major players operating in the market include SPX FLOW (United States), Xylem Inc (United States), Dynamix Agitators Inc (Canada), Philadelphia Mixing Solutions Ltd (United States), Woodman Agitator Inc (United States), White Mountain Process (United States).
Geographically, the Industrial Agitators market is studied across the countries of U.S., Canada and Mexico.
Why to Buy This Report
