PUBLISHER: Inkwood Research | PRODUCT CODE: 1071603
PUBLISHER: Inkwood Research | PRODUCT CODE: 1071603
The global pharmaceutical continuous manufacturing gravimetric feeder market is projected to develop with a CAGR of 9.60% during the forecasted years of 2022 to 2030. The market growth is driven by the growing pharmaceutical industry, the advantages of gravimetric feeders over volumetric feeders, and the increasing awareness about gravimetric feeders.
A feeder is an equipment that feeds granules, liquids, pellets, as well as other materials at a stable flow rate. Feeders are classified into two categories, namely volumetric and gravimetric. Gravimetric feeders offer continuous, high precision feeding by weighing the loss in weight value using PI control.
Gravimetric feeders play an essential role in continuous manufacturing applications. Its prevalent usage encourages the pharmaceutical sector to utilize gravimetric feeders within the continuous production process. Moreover, gravimetric feeders are distinguished for their precision, self-monitoring, automation, and adjusting abilities, in addition to numerous other features. Pharmaceutical companies also place substantial on product accuracy, perfection, and precision, both in terms of the manufacturing process as well as the finished product.
The global pharmaceutical continuous manufacturing gravimetric feeder market growth's geographical segmentation includes the analysis of North America, Asia-Pacific, Europe, and Rest of World. North America is set to harbour the highest market share during the forecast period. The notable market growth of the region is accredited to the increasing prevalence of continuous manufacturing and the presence of well-established companies.
The competitive rivalry is set to be intense in the global pharmaceutical continuous manufacturing gravimetric feeder market. Some of the top players operating in the market are Martin Vibration Systems & Solutions, AViTEQ Vibrationstechnik GmbH, Trantec Solids Handling Limited, etc.