Industrial agitators are machines used for mixing purposes across various end use industries such as chemicals, pharmaceuticals, food beverage, oil gas, cosmetics, paints coatings and others. They are used to mix various process media including all solids, liquid types and gases. An agitator is usually made of shaft, impellers, mechanical seal, motor and gearbox. They can be mounted on the top, side or bottom side of the tanks or containers and are suitable for a large number of industrial applications of blending, heat transfer, homogenization, suspension, storage, fermentation, hydrogenation and many other processes.
INDUSTRIAL AGITATORS MARKET DYNAMICS
Booming industrial sector, increasing water pollution and rising demand for efficient wastewater treatment practices is expected to have a positive impact on the growth of industrial agitators market. Furthermore, economic power shifts, increasing demand for processed foods and meat protein, increasing disposable incomes are other factors supporting the growth of the market.
COVID 19 IMPACT ON INDUSTRIAL AGITATORS MARKET
The widespread pandemic drastically affected the global supply chain. Manufacturing sector was one of the hardest-hit segments from COVID-19. Shutdown of economic activities brought the manufacturing facilities to a standstill. This further led to decline in global FDI inflows, and a downturn in economies all over the world. The global FDI was estimated to reduce by 5-15% due to the downfall in manufacturing sector.
INDUSTRIAL AGITATORS MARKET SEGMENTAL OVERVIEW
The report analyses the industrial agitators market based on mounting, model, form, industry and geography
INDUSTRIAL AGITATORS MARKET BY MOUNTING
Top-mounted, side-mounted and bottom-mounted are the mounting types of industrial agitators covered in the market study. The top mounted agitators dominates the market and is also expected to remain the fastest growing segment during the forecasted period. Increasing demand from the water and wastewater treatment industry, wide use in mixing application of API manufacturing industry are the key drivers supporting the growth of the segment.
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INDUSTRIAL AGITATORS MARKET BY MODEL
By model the market is segmented into large tank agitators, portable agitators, drum agitators, and others. Portable agitators are expected to witness fast growth at a CAGR of 5.51% during the forecast period. Increasing adoption of portable agitators in a variety of industries owing to their benefits such as energy-saving, saving valuable resources and manpower, easier cleaning while reducing corrosion and resistance, easy maintenance and installation, and quick move benefit is impelling the growth of the market.
INDUSTRIAL AGITATORS MARKET BY FORM
Based on form the market is bifurcated into solid-solid mixture, solid-liquid mixture, liquid-liquid mixture and liquid-gas mixture. The liquid-liquid mixture segment held the largest share of the global industrial agitator market. Increasing consumption of liquid products such as milk, juice, soft drinks, alcohol and other fluid food products, increasing adoption of liquid-liquid mixing technology and agitator equipment in food and beverage and chemical industry are the various factors favouring the growth of the segment.
INDUSTRIAL AGITATORS MARKET BY INDUSTRY
Industrial agitators have wide range of applications in the chemicals, paints coatings, minerals, food beverage, pharmaceuticals and other industries. The chemical segment is predicted to overshadow the industrial agitator market reaching over USD 811.49 million by 2027. The sector has high requirements for suspension, reaction, mixing and dispersion of raw materials. Therefore, there is growing demand for implementation of industrial agitators.
INDUSTRIAL AGITATORS MARKET BY GEOGRAPHY
Based on geography, the global Industrial Agitators market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America comprises U.S., Canada and Mexico whereas Europe covers Germany, France, Italy, UK, Spain and Rest of Europe. The key countries included under Asia Pacific regions are China, India, Japan and Rest of Asia Pacific. Rest of the World includes Latin America and Middle East Africa. North America led the industrial agitator market in 2020 with a significant market share and is anticipated to continue its dominance in the coming years. The presence of well developed countries such as the US and Canada and high focus on industrial development are two of the major factors responsible for the growth of industrial agitator market in this region.
INDUSTRIAL AGITATORS MARKET KEY PLAYERS
Some of the vital players operating in this market include SPX FLOW (United States), Alfa Laval AB (Sweden), Xylem Inc (United States), Ekato group (Germany), Sulzer (Switzerland), Tacmina Corporation (Japan), Dynamix Agitators Inc (Canada), Philadelphia Mixing Solutions Ltd (United States), TIMSA (Spain), Woodman Agitator Inc (United States), White Mountain Process (United States), Euromixers Ltd (UK) and Teralba Industries (Australia).
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