According to The Insight Partners’ research, the global Industrial Agitator Market has reached record numbers. Valued at US$ 2,372.1 million in 2018, the market is expected to reach US$ 4,658.4 million by 2027, expanding at 17.8% CAGR during the forecast timeframe. Positive economic growth outlook, rising industrialization worldwide, and growing need for efficient agitation systems from industries are the leading factors credited for this expansion.
The global economic growth is strengthening in the last few years owing to factors such as increasing global trade, improvements in the manufacturing sector, industrialization, and economic improvements in developing countries. For a sustainable economic development, countries are increasingly focusing on boosting the industrialization especially in manufacturing and process industries. With positive global economic outlook, investments in manufacturing and process industries, it is expected that the demand for industrial agitators will accelerate over the next few years around the globe. Governments of various countries are taking initiatives through regulations, innovation promotion, and knowledge brokerage to achieve inclusive and sustainable industrialization. The rapidly changing technology landscape in the manufacturing and process industries worldwide has also been encouraging the manufacturing industries to invest in efficient solutions which can help in achieving high operational efficiency at lower operational costs. The increasing advancements in industrial agitators and rising demand for efficient mixing in various industries such as general industry, chemicals, pharmaceuticals, mining, oil & gas, food and beverages, and cosmetics, the industrial agitator’s market is poised to see impressive growth in the coming years.
Industrial agitators are widely used in diverse range of industries ranging from oil & gas to cosmetics for various mixing and blending operations. Mixing/blending is a critical part of production process in many industries and increased mixing efficiency could result into efficient processing and high productivity. To meet these efficiency requirements, agitator manufacturers are offering various innovative agitation solutions which help end users in achieving high productivity at lower operational costs. Portable agitators, modular agitators, and application specific custom agitators are among such examples that lead to increased process efficiency in industries such as food & beverages, cosmetics, pharmaceuticals, and chemicals.