DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Industrial Agitators Market by Mounting (Top Mounted, Side Mounted, Bottom Mounted), Model (Large Tank Agitators, Drum Agitators, Portable Agitators), Form, Component, Industry, & Geography - Global Forecast to 2022" report to their offering.
The industrial agitators market was valued at USD 2.56 Billion in 2016 and is expected to reach USD 3.86 Billion by 2022, at a CAGR of 7.07% during the forecast period.
The growth of this market is being propelled by the increasing demand for industrial agitators, especially from the chemical and pharmaceutical industries.
The report covers the industrial agitators market on the basis of mounting, model, form, component, industry, and geography. The industrial agitators market is expected to be led by pharmaceutical industry during the forecast period. The growth of this market is being propelled by the high demand for industrial agitators for improving the operations, optimizing resource utilization, and increasing the profitability in the medicine manufacturing firms.
The chemical industry dominated the industrial agitators market. The major factors accelerating the growth of this industry are organic chemicals such as methanol, acetic acid, formaldehyde, pyridines, and so on; and inorganic chemicals such as sulfuric acid, nitric acid, and alkalis, among others. There is availability of plenty raw materials. The need for high crop production in an existing land has also led to the production of pesticides which is included in the chemical segment. The chemical industry also includes oil and petroleum and water and wastewater treatment segments.
The portable agitators segment is expected to witness significant growth in the industrial agitators market during the forecast period. Since portable agitators are the most commonly used agitators and used across various industries such as chemical, pharmaceutical, food and beverages, and so on. Easy and quick installation of the portable agitators into the process vessel and ability to process heavy loads are few of the major factors responsible for the increased market traction of these kind of industrial agitators.
- Growing Demand for Mixing Substances of Varied Densities With Low Power Consumption
- Steadily Growing Manufacturing Sector And Process Industries
- Surge in Demand for Customized Industrial Agitators
- High Maintenance Cost
- Growing Application Areas
- Following Stringent Government Safety Norms And Product Compliance Standards
- Dynamix Agitators Inc.
- Ekato Holding Gmbh
- Mixer Direct Inc.
- Philadelphia Mixing Solutions Ltd.
- Silverson Machines Inc.
- Spx Flow Inc.
- Statiflo International Ltd.
- Sulzer Ltd.
- Tacmina Corporation
- Xylem Inc.
For more information about this report visit http://www.researchandmarkets.com/research/6hf9td/industrial