MRO Magazine

Industrial Agitators Market Worth USD 3.46 Billion by 2024 – Rapid Industrialization in Emerging Economies in Brazil, India & China – Research and Markets


June 28, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Industrial Agitators Market Analysis By Product, By Application And Segment Forecasts To 2024” report to their offering.

The global industrial agitators market is expected to reach USD 3.46 billion by 2024, according to this report. Industrial agitators market is expected to witness high growth owing to the rapid industrialization in emerging economies such as Brazil, India, and China. Increasing industrial activities in these countries are enhancing the demand for highly-efficient agitators.

Agitators are machines, which processes the products in industries for mixing liquids, increasing heat transfer and to promote the reaction of chemical substances. Demand for customized and advanced devices specific to the end-user application is further expected to drive market growth. Chemical and wastewater treatment industries have high complex agitation demand, which is further boosting the demand for these devices.

Chemical is a key application and is expected to dominate the market, growing at a CAGR of over 6.5% from 2016 to 2024. Increasing growth of chemical industry in the Asia Pacific region is projected to propel the demand for industrial agitators over the forecast period. They are used for uniform mixing of various liquids and follow rigid specifications for cleanliness, consistency, and accuracy.

The North America industrial agitators industry is expected to remain the largest market owing to the widespread adoption of these devices in various industrial sectors. However, the regional market is highly saturated, and demand for efficient and technologically advanced agitators is increasing for replacing the existing devices. The regional industry is projected to account for over 30% by 2024, growing at a CAGR of over 6.0% from 2016 to 2024.

Asia Pacific is expected to be the fastest-growing region owing to the growth in the industrial sector. Moreover, favorable government policies are boosting the regional demand.

Companies Profiled:

  • EKATO Group
  • Chemineer Inc.
  • JBW Systems Inc.
  • MixerDirect LLC
  • Mixer Systems Inc.
  • Philadelphia Mixing Solutions Ltd
  • Sharpe Mixers Inc.
  • Silverson Machines Inc
  • SPX Corporation
  • Statiflo International Ltd
  • Sulzer Ltd
  • Tacmina Corporation
  • Xylem Inc.

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. Industrial Agitators Industry Outlook

4. Industrial Agitators Product Outlook

5. Industrial Agitators Application Outlook

6. Industrial Agitators Regional Outlook

7. Competitive Landscape

For more information visit http://www.researchandmarkets.com/research/b2bqgl/industrial

Research and Markets
Laura Wood, Senior Manager
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