The global industrial agitators market is set to be valued at USD 2.3 billion in 2023 and is predicted to expand at an impressive CAGR of 9% to attain a net worth of USD 5.6 billion by the end of 2033.
| Report Attributes | Details |
|---|---|
| Global Industrial Agitators Market Size (2023) | USD 2.3 billion |
| Estimated Market Net Worth (2033) | USD 5.6 billion |
| Global Market Growth Rate (2023 to 2033) | 9% CAGR |
| North America Market Share (2023) | 32% |
Industrial agitator sales are expected to account for a 2% share of the global industrial equipment market revenue. The use of industrial mixers and agitators is majorly in the chemical industry where they are used to promote reactions in chemicals via heat transfer through the motion that they produce.
An increase in demand for wastewater treatment is also expected to largely favor the sales of industrial agitators. As the population across the world increases so does the need for clean water, and this is expected to drive the popularity of wastewater treatment services and solutions. Increasing demand for efficient and customized industrial agitators is expected to be a major trend over the coming years.
With the adverse impact of the COVID-19 pandemic, the oil & gas industry has had to cut down majorly on their exploration and other operations, and this has negatively impacted the sales of industrial agitators.
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Industrial agitators facilitate many important activities in the manufacturing and industrial sector of multiple end-use industries and have seen the evolution from just mixing liquids to performing various other tasks. Industrial agitator demand grew at a modest CAGR of 8% from 2018 to 2022, as a result of rising industrial activity across the globe.
Industrial agitator demand growth can be attributed to factors such as rising industrial activity across the world, increasing demand for customized industrial agitators, rising requirements for optimization of mixing processes, etc. Shipments of industrial agitators are expected to see a rise at a CAGR of 9% from 2023 to 2033.
The industrial agitator systems market landscape is explained in detail over regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).
Of all the regions, the North America industrial agitators market holds a dominant market share of 32% in the global landscape. The demand can be attributed to factors such as high product penetration, increasing need and scope of application of technologically advanced products, the establishment of chemical manufacturing facilities, etc.
East Asia, South Asia, and the Pacific are collectively expected to exhibit lucrative opportunities for industrial agitator sales over the forecast period. Industrial agitator consumption in these regions is expected to be driven by high industrial activity, the establishment of new industrial facilities, a booming manufacturing sector backed by supportive government initiatives, etc. The key nations to watch out for in these regions are India and China.
Industrial agitator demand in Europe is expected to see a steady rise over the forecast period as the region sees an increase in the establishment of multiple manufacturing and industrial facilities. The industrial agitator devices market in Europe holds a market share of around 20%.
Demand for industrial agitators in Latin America is also expected to see an increase as the region sees the development of the chemical industry and oil industry. Sales of industrial mixers and agitators in the MEA region are expected to see steady growth due to the well-established oil and gas industry in this region.
India is a developing economy and has seen a major increase in its manufacturing sector over the past few years. Government initiatives are promoting the establishment of new SMBs, and the government is subsidizing the purchase of industrial equipment to promote the sales of industrial agitators.
The nation has a lot of untapped market potential and industrial agitator suppliers can maximize their potential by providing innovative and cost-effective products to boost sales revenue in the nation.
China has a huge industrial and manufacturing sector that is flourishing like no other in the world. Industrial agitator sales in China are expected to see an increase over the forecast period as the manufacturing sector bolsters in the nation with increasing government backing and rising investments from investors. The consumption of industrial agitators in China is expected to have a significant contribution to global industrial agitators market revenue.
Among the three different types of industrial agitators, the most significant demand is seen for top-entry type agitators. They are expected to account for more than 70% of the global industrial agitator systems market share.
Top-entry industrial agitator sales are expected to be driven by a rapid increase in demand from various chemical industries across the world. The world has also seen an increase in chemical manufacturers, and this has also contributed to an increase in the demand for top-entry industrial agitators.
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Key industrial agitator manufacturing companies are focusing on developing durable and innovative products to meet the changing demands of the end-use industries. Prominent industrial agitators market players are also investing in the research & development of customized industrial agitator systems that are seeing tremendous increases in demand.
| Report Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Units for Sales, USD Million for Value |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Market Segments Covered | Type, Model, End User, Region |
| Key Companies Profiled | Xylem Inc.; Silverson Machines Ltd.; Dynamix Agitators Inc.; EKATO HOLDING GmbH; Philadelphia Mixing Solutions Ltd.; Tacmina Corporation; SPX FLOW Inc.; Sulzer Ltd; Statiflo International Ltd.; MIXEL Agitators; Mixer Direct Inc.; Alfa Laval AB |
| Customization & Pricing | Available upon Request |
The market is expected to reach USD 2.3 billion in 2023.
The market is anticipated to expand at a CAGR of 9%.
The market expanded at a CAGR of 8% in the historical period.
Heightened demand for wastewater treatment and increasing industrial activity.
Widespread demand for customized industrial agitators.
| Market Value (2023) | USD 649.5 million |
|---|---|
| Market Projected Value (2033) | USD 1,446.0 million |
| Market CAGR (2023 to 2033) | 8.3% |
| Market Value (2023) | USD 39 billion |
|---|---|
| Market Forecast Value (2033) | USD 220 billion |
| Market CAGR (2023 to 2033) | 18.9% |
| Market Value (2022) | USD 242.6 million |
|---|---|
| Market Value (2032) | USD 689.3 million |
| Market Projected Growth Rate (2022 to 2032) | 11.0% |
| Market Size (2022) | USD 4,209.1 Million |
|---|---|
| Market Size (2032) | USD 7,901.1 Million |
| Value CAGR (2022 to 2032) | 6.5% |
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