According to a new market report published by Transparency Market Research titled ‘Industrial Agitator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027, the global industrial agitator market is expected to reach US$ 2,324.9 Mn by 2027, expanding at a CAGR of 4.1% from 2019 to 2027. In terms of volume, the global industrial agitator market is expected to reach 424.8 ‘000 units by 2027, expanding at a CAGR of 3.9% during the forecast period. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
North America is the second-largest market for industrial agitator in the world. Various end-use industries, ranging from oil, gas and petrochemical to water and wastewater treatment, utilize industrial agitators for mixing purposes. In North America, the U.S. is a prominent market for industrial agitator, followed by Canada. The U.S. is a major producers of natural gas, including shale gas, in the world. As per the U.S. Energy Information Administration (EIA), in December 2018, the U.S. produced about 65 billion cubic feet per day (Bcf/d) of natural gas (shale gas and tight oil), which is about 70.0% of total U.S. natural gas production.
Furthermore, in December 2018, the country produced about seven million barrels per day (b/d) of crude oil, which is 60.0% of the total U.S. oil production. Compared to production a decade ago, in December 2008, natural gas (shale gas and tight oil) accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production. Thus, a rise in the demand for shale gas across the U.S. is boosting the demand for industrial agitators across North America.
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Europe is the third-largest market for industrial agitator in the world. Among the various end-use industries that use industrial agitators across Europe, food & beverage is a prominent end-user. The food & beverage industry is a prominent manufacturing industry in Europe, in terms of gross value added to the economy and number of people employed. Germany, the U.K., and France are major markets for industrial agitator in Europe. In terms of value addition by the food & beverage sector, Germany is a notable market in Europe. Therefore, a rise in the demand for food & beverage products is driving the production of food & beverage, which is subsequently propelling the demand for industrial agitators in Germany.
The study provides a conclusive view of the global industrial agitator market by segmenting it in terms of product type and end-use industry. In terms of product type, the global industrial agitator market has been classified into top-mounted vertical/ top-entry, side entry/ side-mounted horizontal, static mixer, bottom entry and portable. In terms of end-use industry, the global industrial agitator market has been divided into water and wastewater treatment, Food & Beverage, chemical, oil, gas and petrochemical, pharmaceutical, and others.
The analysis of the above segments is based on present and forecasted global demand for industrial agitator products and the prevailing and future trends in the market. We have analyzed the present and estimated regional market size of Industrial Agitator products across North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. The regional Industrial Agitator markets are further broken down into country level markets in the following geographies: the U.S., Canada, Germany, U.K., France, China, Japan, India, GCC, South Africa, and Brazil.
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Global Industrial Agitator Market: Competitive Landscape
The global industrial agitator market consists of global players as well as large number of medium and small players. The report includes detailed analysis of the global industrial agitator market, SWOT (Strength, Weakness, Opportunity, and Threats) analysis of the market, porter’s five force analysis, key macroeconomic indicators influencing the market and trends. The industry analysis includes value chain analysis of the global industrial agitator market.
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