If one thought the industrial agitators market was doing well at the moment, there’s more good news in store. According to a report by Grand View Research, Inc, the –mark global industrial agitators market may well touch the USD 3.46 billion by 2024.
The industrial agitators market will likely witness a significant growth because of rapid industrialization in growing economies like India, Brazil, and China. What is the primary factor driving this growth story? The increased industrial activities in these countries are boosting the demand for agitators that are highly-efficient.
Agitators are most commonly, and efficiently, used in the chemical, food and beverage, and wastewater treatment applications. Therefore, the move to embrace mixing and blending technology in process industries is expected to drive the market over the period.
What are industrial agitators? They are the machines that help process the products in industries for the job of mixing liquids, promoting the reaction of chemical substances and increasing heat transfer. The demand for advanced and customised devices which are specific to the end-user application will help drive market growth. Wastewater and chemical treatment industries have a huge complex agitation demand. This has helped spike the demand for these devices.
The report also suggested the following:
The top entry segment is projected to grow at a CAGR of over 6.5% from 2016 to 2024.These industrial agitators are highly durable. This apart, increasing adoption in the oil & gas and chemical industry will help boost the overall industry growth. Asia Pacific is projected to be the fastest-growing region because of the growth in the industrial sector. Favourable government policies will also help boost regional demand.
The industrial agitators market will likely witness a significant growth because of rapid industrialization in growing economies like India, Brazil, and China. What is the primary factor driving this growth story? The increased industrial activities in these countries are boosting the demand for agitators that are highly-efficient.
Agitators are most commonly, and efficiently, used in the chemical, food and beverage, and wastewater treatment applications. Therefore, the move to embrace mixing and blending technology in process industries is expected to drive the market over the period.
What are industrial agitators? They are the machines that help process the products in industries for the job of mixing liquids, promoting the reaction of chemical substances and increasing heat transfer. The demand for advanced and customised devices which are specific to the end-user application will help drive market growth. Wastewater and chemical treatment industries have a huge complex agitation demand. This has helped spike the demand for these devices.
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The report also suggested the following:
The top entry segment is projected to grow at a CAGR of over 6.5% from 2016 to 2024.These industrial agitators are highly durable. This apart, increasing adoption in the oil & gas and chemical industry will help boost the overall industry growth. Asia Pacific is projected to be the fastest-growing region because of the growth in the industrial sector. Favourable government policies will also help boost regional demand.
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