NEW YORK, Jan. 30, 2017 /PRNewswire/ -- "Growing demand for agitators from chemical industry is fueling the growth of the industrial agitators market."
The industrial agitators market is expected to grow at a CAGR of 7.07% between 2016 and 2022 to reach USD 3.86 billion by 2022 from USD 2.56 billion in 2016. Increasing demand for industrial agitators from chemical industry is one of the major factors fueling the growth of this market. In addition, the rapid growth in technology has also led to increase in adoption of industrial agitators, thereby further accelerating the growth of the industrial agitators market. The major restraining factor for the growth of the industrial agitators market is high cost of installation and maintenance.
"The growth of industrial agitators market is expected to be driven by top-mounted agitators during the forecast period."
The market for top-mounted agitators is expected to witness significant growth during the forecast period. As top-mounted agitators are used in both atmospheric and pressurized tanks across various industries such as pharmaceutical, food and beverages, and cosmetic, among others, it leads to increased traction in the market. Also, the installation of top-mounted agitators is quick and easy compared to side-mounted and bottom-mounted agitators.
"North America and APAC are the major markets for industrial agitators industry"
North America is expected to hold the largest size of the industrial agitators market during the forecast period, while the market in APAC is expected to grow at the highest rate during the same period. China, Japan, and India are some of the major countries driving the growth of the industrial agitators market in APAC. A significant number of manufacturing companies of industrial agitators and various other industries wherein industrial agitators are used are located in North America and APAC such as SPX Flow, Inc. (U.S.), Tacmina Corporation (Japan), and Dynamix Agitators Inc. (Canada), among many others. Besides, the governments, especially in the APAC countries, are making significant investments for the industrial development. These are some of the major factors driving the growth of the industrial agitators market in North America and APAC.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the industrial agitators market. The break-up of primary participants for the report has been shown below:
- By Company Type: Tier 1 = 35 %, Tier 2 = 45%, and Tier 3 = 20%
- By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
- By Region: North America = 45%, Europe = 20%, APAC = 30%, and RoW = 5%
The report also profiles the key players in the industrial agitators market and analyzes their market ranking. The prominent players profiled in this report are Xylem, Inc. (U.S.), SPX Flow, Inc. (U.S.), Sulzer Ltd. (Switzerland), Philadelphia Mixing Solutions Ltd. (U.S.), Dynamix Agitators Inc. (Canada), Mixer Direct, Inc. (U.S.), Tacmina Corporation (Japan), Statiflo International Ltd. (U.K.), Ekato Holding GmbH (Germany), and Silverson Machines Inc. (U.K.), among others.
This research report categorizes the industrial agitators market on the basis of mounting, model, component, mixing method, industry, and geography. The report also provides the Porter's five forces analysis, along with a description of each of its forces and their respective impact on the industrial agitators market; description of major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis.
Reasons to buy the report:
The report will help leaders/new entrants in this market in the following ways:
1. This report segments the industrial agitators market comprehensively and provides the closest market size estimation for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities for market.
3. This report will help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section describes competitor ecosystem and various strategies implemented by the companies such as new product developments, partnerships, and mergers and acquisitions.
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