NEW YORK, Jan. 10, 2017 /PRNewswire/ -- "The pneumatic conveying systems market is projected to grow at a CAGR of 6.4% from 2016 to 2021"
The pneumatic conveying systems market is projected to reach USD 7.04 billion by 2021, growing at a CAGR of 6.4% from 2016 to 2021. Pneumatic conveying systems are principally used to transport materials like powders, pellets, and granules from source to destination using pressure conveying or vacuum conveying methods. Rapid industrialization in emerging economies, thriving waste treatment industry, and increasing awareness about energy saving and energy efficiency are expected to drive the pneumatic conveying systems market.
"The positive pressure pneumatic conveying systems segment is expected to grow at the highest CAGR from 2016 to 2021"
Positive pressure conveying systems are expected to hold a larger share of the market by technology in the pneumatic conveying systems market. The major driving factor for the system is likely to be the growing demand for high efficiency systems. The system is used to transport heavier materials in form of particles, gravel, and powder among others over a longer distance. The application of the system ranges from medium to high pressure. It can be used for effectively transfer of free flowing, granular, sticky or very fine material. On the other hand, in the vacuum conveying system the material is transferred under low pressure and for short distances. The market for positive pressure conveying system is expected to grow at a promising rate during the forecast period due to their wide range of applications and higher efficiency.
"Asia-Pacific: The largest market for pneumatic conveying systems"
Asia-Pacific is currently the largest market for pneumatic conveying systems, closely followed by North America. The Asia-Pacific market is primarily driven by countries such as China, India, Australia, and Japan, among others, where there is high demand for pneumatic conveying systems. The market in this region is projected to grow at a high rate, with India expected to dominate the market.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 60%, Tier 2- 27%, Tier 3- 13%
By Designation: C-Level- 50%, D-Level- 30%, Others- 20%
By Region: North America- 20%, Europe- 20%, Asia-Pacific- 40%, Middle East- 15%, Latin America- 5%
Note: The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 10 billion, Tier 2 = From USD 1 billion to USD 10 billion, and Tier 3 =
The leading players in the pneumatic conveying systems market Hillenbrand Inc. (U.S.), Nilfisk Group (Germany), Schenck Process Holding GmbH. (Germany), Zeppelin Systems GmbH (Germany), and KC Green Holdings.
The report provides a picture on pneumatic conveying systems and its types across industries and regions. It aims at estimating the market size and future growth potential of this market across different segments such as operation, technology, industry, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Why buy this report?
1. The report identifies and addresses key markets for pneumatic conveying systems market, which is useful for suppliers to review the growth in demand for the product.
2. The report helps solution providers to understand the pulse of the market and provides insights on drivers, restraints, and challenges.
3. The report will help key players to better understand the competition's strategies and will help in making strategic decisions.
Read the full report: http://www.reportlinker.com/p04603872-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pneumatic-conveying-systems-market-by-type-operation-industry-and-region---global-forecast-to-2021-300388719.html