The global industrial agitator market was evaluated at US$2,024.326 million for the year 2020, growing at a CAGR of 4.02%, reaching the market size of US$2,667.463 million by the year 2027.
The global industrial agitator market is expected to be a substantially growing industry during the forecasted years. The industrial agitator is used to mix materials in various industries, including the chemical, pharmaceutical, mineral, and cosmetic industries. Mechanical components with excellent performance but minimal internal power consumption is used in the mixing process. In a variety of vertical compounds with fluids, the agitator mixes solids with fluids, liquid gases, and liquids. A stirrer comprises several parts, including heads and screening systems. Agitators allow the desired product to be diluted, dissolved, suspended, or dispersed by various or similar chemicals homogenizing or emulsifying it. The growing demand for products in certain industries like food, beverage, chemicals, and healthcare is one of the factors that's giving potential to the market growth of industrial agitators. The need for companies to provide manufactured products with less expenditure is driving the market growth of the global industrial agitator market. The high speed and less time consumption offered by industrial agitators are some of the reasons behind its increasing demand in the industrial market. The significant investments of major market players and industrial giants in the research and development sector of agitators are also supporting the technological growth and development of industrial agitators. The policies and actions implemented by governments and governing organizations for supporting industrial growth in their respective country are also expected to fuel the market growth. The role of agitators differs according to industrial applications. The introduction of customized agitators for different industrial applications is one of the drastic developments reported in global industrial agitators. The introduction of custom-made agitators has boosted the production and manufacturing process of several industries, leading to the rising market demand for industrial agitators in the global market.
The recent outbreak of the COVID-19 pandemic has severely affected the market growth of the global industrial agitator market. The lockdowns and isolations imposed by the governments of several countries in order to control the COVID spread had restricted the market growth of industrial agitators during the pandemic. The shutdown of production plants and industries due to lockdowns had resulted in the downfall of the global industrial agitator's market. As large agitators are mainly employed for industrial applications, the impact of the COVID-19 on industries also adversely affected the market growth. The disruptions in the supply chain of industries and manufacturing units also resulted in the slowing down of export and import rate of agitator machines and components, leading to the decline global industrial agitator market during the COVID-19 period.
Growing Demand for Mixing Applications
The growing demand for mixing applications in several fields is one of the major factors driving the market growth of the global industrial agitator market. Pharmaceutical companies, food companies, and construction companies are widely seeking the help of efficient agitators to support the bulk production of their products. The large investments of industrial giants in the development sector of agitators for developing mixers with more efficiency and less power consumption are also anticipated to fuel the market growth of industrial agitators. The launch of SALOMIX agitators by Sulzer, a Swiss company, had brought out new development in the market of industrial agitators and mixers. The higher propeller efficiency and less power consumption offered by the newly developed agitators are raising the industrial applications of agitators and their demand in several fields. The use of agitators in water treatment is also expected to contribute to the growing market of industrial agitators. The launch of novel products like the customized agitators introduced by the American company, Philadelphia Solutions, is leading to an increased demand for agitators in the water treatment process and is expected to widen the scope of the market by catering to a variety of audiences.
Rising Demand for Customized Agitators
The increasing demand for customized agitators is one of the prominent factors anticipated to augment the market growth of industrial factors during the forecast period. The introduction of industrial mixers with high speed and less power consumption raises the market demand for agitators in several fields and industrial applications. The Chemical and pharmaceutical industries are widely seeking the support of customized agitators for their chemical plants and manufacturing units. The agitators with stainless steel containers and more corrosion-resistant capacity have a growing demand in the chemical and pharmaceutical industries.
The Asia Pacific to Hold Major Market Share
Geographically, the Asia Pacific region has the lion's share in the global market of industrial agitators. The fast-paced growth of the end-use industries such as food, beverage, chemicals, and healthcare, among others, is a prominent factor behind the large market share in the region. China is leading in the industrial agitators’ market in the Asia Pacific region due to the vast industrial developments taking place in the country.
|Market size value in 2020||US$2,024.326 million|
|Market size value in 2027||US$2,667.463 million|
|Growth Rate||CAGR of 4.02% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Model, Mounting, Component, Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Dynamix Agitators, Inc., GMM Pfaudler, Agitadores Agitaser S.L., Mixel Group, Chemineer (Subsidiary of National Oilwell Varco L.P.), IKA Works, Inc., Sulzer Ltd., Tacmina Corporation, ITMSA, Ceecons India|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of the global industrial agitator market?
A1. Industrial Agitator Market was valued at US$2,024.326 million in the year 2020.
Q2. What will be the industrial agitator market size by 2027?
A2. The global industrial agitator market is projected to reach a market size of US$2,667.463 million by 2027.
Q3. What are the growth prospects for the industrial agitator market?
A3. The industrial agitator market is projected to grow at a CAGR of 4.02% over the forecast period.
Q4. What factors are anticipated to drive the industrial agitator market growth?
A4. The growing demand for mixing applications in several fields is one of the major factors driving the industrial agitator market growth.
Q5. Which region holds the maximum market share in the industrial agitator market?
A5. Geographically, the Asia Pacific region has the lion's share in the global industrial agitator market owing to the fast-paced growth of the end-use industries such as food, beverage, chemicals, and healthcare, among others.
Dynamix Agitators, Inc.
Chemineer (Subsidiary of National Oilwell Varco L.P.)
IKA Works, Inc.
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