The North America industrial agitator market accounted for US$ 886.6 Mn in 2018 and is expected to grow at a CAGR of 6.4% over the forecast period 2019-2027, to account for US$ 1539.3 Mn in 2027. The increasing industrialization around the world, rising economic growth, and rising demand owing to the need for efficient agitation systems from industries are the major factors that are propelling the growth of the industrial agitator market. Moreover, the growing number of small and medium manufacturers to boost the future demand for portable/modular agitators, which in turn is expected to boost the industrial agitator market during the forecast period. Further, the utilization of application-specific custom agitators in food and cosmetics industries is anticipated to offer lucrative growth opportunities for the industrial agitator market. The wide variety of substances used in food and cosmetics industries demand very specifically mixing solutions that fulfill strict safety regulations, hygiene standards, and efficiency mandates. The increasing custom mixing applications in these industries are driving the demand for custom industrial agitators. Hygienic and uncontaminated mixing is a top priority for the food and cosmetics manufacturers. Since sanitation plays a crucial role in these industries, agitator manufacturers are increasingly focusing on offering such custom agitators to the end-users. For instance, there are companies such as Alfa Laval offering agitators in various configurations; these agitators are highly flexible and can also be tailor-made for specific applications through the combination of different drives, shaft lengths, seals, and propellers. Hence, the demand for application-specific custom agitators, especially for sanitary and efficient mixing, is anticipated to grow at an impressive rate during the forecast period of 2019 to 2027 and it will drive the North America market for industrial agitators.
The industrial agitator market is fragmented in nature due to the presence of several industries, and the competitive dynamics in the market is anticipated to change during the coming years. In addition to this, various initiatives are undertaken by governmental bodies to accelerate the industrial agitator market further. The governments of North American countries are developing various policies and outlining best practices to implement digital transformation and to promote innovation in various industry sectors. The oil & gas, petrochemicals, food, and beverages, as well as the pharmaceutical industry, are growing at a fast pace in this region. The US market is characterized by some of the renowned oil & gas companies, and the government is pushing for innovations in this industry to boost operational efficiency and productivity. Natural Gas is an abundant resource available in the country, and the natural gas extraction has witnessed higher growth in recent times owing to the depleting petroleum resources. The technological advancements in these industry verticals are also high as a result of the presence of large technological companies in the region coupled with increased investments from the government for the research and development activities in these industries. The oil & gas industry for the downstream processing of natural gas has been an important adopter of industrial agitators in the US, and it is anticipated to drive the future growth of the industrial agitator market in this region.
The industrial agitator market on the basis of mounting type is segmented into top-mounted, bottom-mounted, and side-mounted. During the forecast period of 2019 to 2027, the top-mounted segment is anticipated to be the largest contributor in the industrial agitator market. However, side-mounted is projected to be the fastest growing mounting type with the highest CAGR over the forecast period.
The overall industrial agitator market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the industrial agitator market. It also provides an overview and forecast for the industrial agitator market based on all the segmentation provided with respect to the North American region. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the industrial agitator market. Some of the players present in industrial agitator market are Xylem Inc., SPX Flow, Inc., Sulzer Ltd, Philadelphia Mixing Solutions, Ltd., Dynamix Agitators Inc., Tacmina Corporation, Statiflo Group, Ekato Group, Silverson Machines, Inc., and Alfa Laval among others.
Reasons to Buy:
The industrial agitator market is fragmented in nature due to the presence of several industries, and the competitive dynamics in the market is anticipated to change during the coming years. In addition to this, various initiatives are undertaken by governmental bodies to accelerate the industrial agitator market further. The governments of North American countries are developing various policies and outlining best practices to implement digital transformation and to promote innovation in various industry sectors. The oil & gas, petrochemicals, food, and beverages, as well as the pharmaceutical industry, are growing at a fast pace in this region. The US market is characterized by some of the renowned oil & gas companies, and the government is pushing for innovations in this industry to boost operational efficiency and productivity. Natural Gas is an abundant resource available in the country, and the natural gas extraction has witnessed higher growth in recent times owing to the depleting petroleum resources. The technological advancements in these industry verticals are also high as a result of the presence of large technological companies in the region coupled with increased investments from the government for the research and development activities in these industries. The oil & gas industry for the downstream processing of natural gas has been an important adopter of industrial agitators in the US, and it is anticipated to drive the future growth of the industrial agitator market in this region.
The industrial agitator market on the basis of mounting type is segmented into top-mounted, bottom-mounted, and side-mounted. During the forecast period of 2019 to 2027, the top-mounted segment is anticipated to be the largest contributor in the industrial agitator market. However, side-mounted is projected to be the fastest growing mounting type with the highest CAGR over the forecast period.
The overall industrial agitator market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the industrial agitator market. It also provides an overview and forecast for the industrial agitator market based on all the segmentation provided with respect to the North American region. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the industrial agitator market. Some of the players present in industrial agitator market are Xylem Inc., SPX Flow, Inc., Sulzer Ltd, Philadelphia Mixing Solutions, Ltd., Dynamix Agitators Inc., Tacmina Corporation, Statiflo Group, Ekato Group, Silverson Machines, Inc., and Alfa Laval among others.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America industrial agitator market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America industrial agitator market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Industrial Agitator Market Landscape
5. Industrial Agitator Market - Key Industry Dynamics
6. Industrial Agitator Market - North America Market Analysis
7. North America Industrial Agitator Market Analysis - By Type
8. North America Industrial Agitator Market Analysis - By Mounting Type
9. North America Industrial Agitators Market Analysis - By Mixing Type
10. North America Industrial Agitator Market Revenue and Forecast To 2027- End-Use Industry
11. North America Industrial Agitator Market - Country Analysis
12. Industry Landscape
13. Industrial Agitator Market - Company Profiles
14. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alfa Laval
- Dynamix Agitators Inc.
- Ekato Group
- Philadelphia Mixing Solutions, Ltd.
- Silverson Machines, Inc.
- SPX Flow, Inc.
- Statiflo Group
- Sulzer Ltd.
- Tacmina Corporation
- Xylem Inc.