Industrial Agitator Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

The Industrial Agitator Market size is projected to reach US$ 4.20 billion by 2031 from US$ 2.91 billion in 2023. The market is expected to register a CAGR of 4.70% in 2023–2031. Many manufacturers in the industry are focusing on reducing energy usage. Thus, demand and adoption of energy-saving components such as variable speed drives and computational fluid dynamic simulation, among others.

Industrial Agitator Market Analysis

Increased demand from the pharmaceutical industry. Agitators in the pharmaceutical industry are used for mixing a wide range of liquids and powders along with a wide range of materials. Growth in the pharmaceutical industry directly increases the demand for industrial agitators. For instance, as per the data published by the US  Food and Drug Administration in 2023, the biopharmaceutical facilities in the US in 2018 were 1018. However, the number reached 1580 in 2023.  Further, as per the data published by the National Library of Medicine in 2022, pharmaceutical expenses in the US increased by approximately 8% in 2021 to reach US$ 576.9 billion. Such growth in the pharmaceutical industry is driving the market.

Industrial Agitator Market Overview

Many manufacturers in the industry are focusing on providing customized agitators for their end-users. The requirements of each end-user are different from each other. Thus, the manufacturers are providing customized solutions. The top-mounted category of industrial agitators is projected to dominate the market.  The top-mounted agitators ensure homogenous mixing, high process reliability, and low operating costs, among others. Further, in terms of region, Asia Pacific is projected to create lucrative opportunities for the industrial agitators market owing to continuous growth in the industry sector.

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Industrial Agitator Market: Strategic Insights

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Industrial Agitator Market Drivers and Opportunities

Increased demand for small and medium companies

The total number of small and medium companies worldwide is growing globally. As per the data published by the US government in 2023, there are approximately 33 million small businesses in the US, that are accounting for 46% of the private sector companies in the US. This shows an increased number of small businesses in the US. Such an increased number of small businesses is driving the need for the industrial agitator market.

Growing food and beverage industry

The demand for the food and beverage industry is growing owing to the increasing population. As per the data published by the United Nations in 2023, the world population is projected to reach 8.5 billion by 2030, while by 2050, the population is estimated to reach to 9.7 billion. Such an increased population is projected to increase the demand for the food and beverage industry, ultimately driving the demand for the industrial agitators market during the forecast period.

Industrial Agitator Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Industrial Agitator Market analysis are type, cause, disorder type, category, and end users

• Based on Power Rating, the Industrial Agitator Market is divided into less than 50 hp, 51 hp-85 hp, 86 hp-130 hp, and 131 and above. The 86 hp-130 hp segment held a larger market share in 2023.
• By mounting type, the market is segmented into top-mounted, bottom-mounted, and side-mounted. The top-mounted segment held the largest share of the market in 2023.
• In terms of mixing type, the market is bifurcated into solid-solid mixture, solid-liquid mixture, liquid-liquid mixture, and liquid-gas mixture.

Industrial Agitator Market Share Analysis by Geography

The geographic scope of the Industrial Agitator Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

North America has dominated the Industrial Agitator Market. One of the notable factors behind the market growth of the industrial agitator is increased pharmaceutical growth.  As per the data available in the public domain, the US drug sales totaled approximately US$ 100 billion, while the sales of the same drugs totaled US$ 58 billion in 2020. Further, one of the notable companies in the US, Johnson and Johnson, booked US$ 17.9 billion in profit. Further, Bristol Myers Squibb generated US$ 6.7 billion in profit. This data shows an increased and profitable US pharmaceutical industry. Continuous growth in the pharmaceutical industry has directly increased the demand for the industrial agitators market in the past few years.

Industrial Agitator Market Regional Insights

The regional trends and factors influencing the Industrial Agitator Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Industrial Agitator Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Industrial Agitator Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Industrial Agitator Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Industrial Agitator Market are:

1. Dynamix Agitators Inc.
2. EKATO HOLDING GmbH
3. Silverson
4. Alfa Laval
5. SPX FLOW, Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Industrial Agitator Market News and Recent Developments

The Industrial Agitator Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:

• INOXPA announced the launch of the new DINAMIX SMX side-entry agitator range. This new product represents an important and strategic change within the agitator range, driving and developing the modular concept. It is an adaptable system using standard components to produce many different configurations, avoiding the need to manufacture made-to-measure agitators. (Source: INOXPA, Press Release/Company Website/Newsletter, 2023)
• Sulzer launched the latest addition to the SALOMIX agitator family, the SSF150. SALOMIX offers excellent performance in all industrial segments. The new size will be used mainly in large pulp mills, and typical applications will be storage towers, pulpers, and bleaching towers. SSF150 strengthens Sulzer’s position as the leading full-line equipment supplier to the pulp, paper, and board industry. (Source: Industrial Agitator Company Name, Press Release/Company Website/Newsletter, 2022)

Industrial Agitator Market Report Coverage and Deliverables

The “Industrial Agitator Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles