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(IT-NEWSWIRE.COM, April 19, 2019 ) The industrial agitators market was valued at USD 2.56 billion in 2016 and is estimated to reach USD 3.86 billion by 2022, at a CAGR of 7.07% during the forecast period. With growing demand for mixing substances of varied densities with low power consumption, steadily growing manufacturing sector and process industries, and rise in demand for projects and customized agitators are driving the growth of the market for industrial agitators. The core reason for the growth of industrial agitators market is due to adoption of customized agitators. The industrial agitators are gaining traction in the market due to the increasing complexities of processing substances which in-turn is driving the demand for customized agitators. Variable power agitators are witnessing increase in the demand for the mixing applications. Many key market players are actively designing and manufacturing industrial agitators that are focused on catering the specific needs of the in-use application.
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Market for top-mounted agitators likely to grow at the highest rate during the forecast period
Top-mounted industrial agitators are expected to lead the overall market during the forecast period as they are usually used across all the industries since top-mounted agitators offer considerable advantages such as ease of operation, high level of efficiency, and option of customization. The major applications of top-mounted agitators are digester mixing, biogas, agriculture, and so on.
Chemical industry held the largest share of the industrial agitators market in 2015
The industrial agitators market based on industry is led by the chemicals. A number of chemical manufacturers already have industrial agitators installed, and the industrial and technological enlargement has resulted into increasing demand for application-specific customized industrial agitators. This is one of the major factors driving the growth of the industrial agitators market for the chemical industry.
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North America held the largest size of the industrial agitators market in 2015
North America held the largest size of the industrial agitators market in 2015, followed by APAC and Europe. The U.S. accounted for the largest share of the industrial agitators market in North America, followed by Canada and Mexico. The leading position of the market in this region can be attributed to the high demand for industrial agitators due to the presence of a large number of manufacturing companies across various industries.
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The major players operating in this market include 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 Holdings GmbH (Germany), and Silverson Machines Inc. (U.K.), among others.
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