Asia Pacific Industrial Agitator Market to Reach US$ 1381.5 Mn at a CAGR of 10.7% in 2027

The industrial agitator market in Asia Pacific region is expected to grow from US$ 555.5 Mn in 2018 to US$ 1381.5 Mn by the year 2027, with a CAGR of 10.7% from the year 2019 to 2027.

Driving factors such as the increasing industrialization, positive economic growth in manufacturing & process industries, and rising need for efficient agitation systems from industries are boosting the growth of the industrial agitator market. Further, the SMEs are anticipated to boost the future demand of portable/modular agitators, which in turn facilitate significant growth opportunities for the industrial agitator market. Small and medium enterprises play an integral part in the growth of any country’s economy worldwide. In these emerging economies such as China and India, formal SMEs contribute more than 40% to the GDP and almost 60% of total employment and if informal SMEs are included then this number could be much higher. With fast changing technology scenario and growing number of small and medium manufacturers, the demand for innovative/custom industrial agitators is anticipated to grow in the coming years. In addition, the increasing advancements in the industrial agitators and rising demand of efficient mixing in various industries such as general industry, chemicals, pharmaceuticals, mining, oil & gas, food and beverages, and cosmetics; the industrial agitators market is poised to see impressive growth in the near future.

On the basis of mixing type, the industrial agitator market is segmented into solid–solid mixture, solid–liquid mixture, liquid–liquid mixture and liquid–gas mixture. Mixing of ingredients in different form, or dispersion of one phase into another, is an operation extensively used by different industries. The entire operations is performed with an objective to make homogeneous yield using the minimum amount of energy and time. Industries faces several difficulties majorly due to the diversity of products in terms of size (granules or particles), shape (irregularly shaped particles), moisture and surface nature (cohesive or non-cohesive concentrates). All the industries have unique mixture type requirement and therefore choose specific agitator to perform the function. Liquid–liquid mixture segment led the industrial agitator market in 2018 and is anticipated to dominate the market in the forecast period.

China dominated the industrial agitator market in 2018 and is expected to dominate the market with the highest share in the Asia Pacific region through the forecast period. In addition, India is expected to growth at a significant growth rate in the coming years. The figure given below highlights the revenue share of the rest of Asia Pacific in the industrial agitator market in the forecast period:

Rest of Asia Pacific Industrial agitator Market Revenue and Forecast to 2027 (US$ Mn)

ASIA PACIFIC INDUSTRIAL AGITATOR MARKET SEGMENTATION

By Type

• Large Tank Agitator
• Portable Agitator
• Drum Agitator

By Mounting Type

• Top-Mounted
• Bottom-Mounted
• Side-Mounted

By Mixing Type

• Solid-Solid Mixture
• Solid-Liquid Mixture
• Liquid-Liquid Mixture
• Liquid-Gas Mixture

By End-Use Industry

• General Industry
• Chemicals
• Mining
• Oil & Gas
• Food & Beverage
• Cosmetics

By Country

• China
• Japan
• South Korea
• Australia
• India
• Rest of APAC

Industrial Agitator Market - Companies Mentioned

• Alfa Laval
• Mixel Group
• Ekato Group
• Philadelphia Mixing Solutions, Ltd.
• Silverson Machines, Inc.
• SPX Flow, Inc.
• Statiflo Group
• Sulzer Ltd.
• Tacmina Corporation
• Xylem Inc.

Asia Pacific Industrial Agitator Report Scope