Report Description

Industrial agitator serves the purpose of mixing two or more materials in various proportions and also of different viscosity to attain a desired level of uniformity in end products. Industrial agitators primarily serves various mixing application needs in manufacturing industries including chemical, oil, gas and petrochemical, pharmaceutical and food and beverages among others. Water and wastewater treatment industries also make use of industrial agitators for the purpose of cleansing water by removing various pollutants such as sulfur in water.

The growth of industrial agitators market is attributed to the rapid industrialization in developing economies primarily including China, Brazil and India. Growing number of industries in these regions is expected to surge manufacturing activities, which in turn is boosting the demand for industrial agitators. North America and Europe contributed maximum market share of industrial agitators, however growth in these regions are stagnant or have reached to a stage of maturity. Asia Pacific and RoW have better growth potential during the forecast period due to the rise in GDP and favorable government policies to boost manufacturing industries in these regions. The major opportunities of global industrial agitators market lies in the increasing need for customization of industrial agitators specific to end use application. Application specific customization of industrial agitators and refurbishment or replacement of traditional agitators is creating new opportunities in the market.

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Scope

Global industrial agitator market was valued at USD 2.1 billion in 2014, growing at a CAGR of 5.8% from 2015 to 2021. Industrial agitators are mechanical device designed to meet mixing and agitation needs of various manufacturing and process industries primarily including chemical, oil, gas and petrochemical, food and beverages and water and wastewater treatment among others. Industrial agitators primarily serve the purpose of homogenization, dispersion, dissolution and suspension of raw materials of different viscosity and different volume.

Key Players

Key players in this market include EKATO Group, SPX Corporation, Sulzer Ltd. Philadelphia Mixing Solutions, Ltd., Chemineer Inc., Tacmina Corporation and Xylem, Inc. among others.

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