PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1264803
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1264803
The industrial agitators market is projected to reach USD 3.2 billion by 2028 from USD 2.6 billion in 2023, at a CAGR of 4.0% from 2023 to 2028. The constantly growing chemical, pharmaceutical and food & beverage demand and production is a major factor driving the growth of Industrial agitators market globally. Moreover, the need for customized agitators for several applications is also a key factor contributing to the market growth.
Top-Mounted segment is expected to account for the largest market share in industrial agitators market, by mounting, during the forecast period.
Growing demand for top-mounted agitators across chemical, pharmaceutical, and food & beverage industries in the Asia Pacific region is largely driving the market growth. Owing to its main advantage of providing speedy yet efficient agitation for various industrial mixing techniques, including radical and axial flow, these agitators are used for various industrial applications.
Liquid-liquid mixture segment is expected to account for the largest market share in form segment during the forecast period.
Liquid-liquid mixture is expected to account the largest share of the industrial agitators market during the forecast period owing to the extensive use of industrial agitators in the chemical industry, particularly in water/wastewater treatment and the oil & gas industry.
Asia Pacific is expected to account for the largest market share during the forecast period.
The region is witnessing an increasing demand in chemical, pharmaceuticals and food & beverage . China, Japan, and India are some of the major countries driving the growth of the industrial agitators market in Asia Pacific, since these countries are developing economies, and there are high investments for industrial developments and advancements.
The break-up of profile of primary participants in the industrial agitators market-
The major players of industrial agitators market SPX Flow, Inc. (US), Xylem Inc. (US),Ekato Group (Germany), Sulzer Ltd. (Switzerland) and NOV Inc (US), among others.
Research Coverage
The report segments the industrial agitators market and forecasts its size based on type, application, vertical, and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing the market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall industrial agitators market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.