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Industrial Agitators Market Size, Share, Industry Analysis, Forecast to 2028

The global industrial agitators market size is estimated to be worth USD 2.6 billion in 2023 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 4.0% during the forecast period. Increasing demand for homogeneous mixing, growing need for energy efficient mixing equipment or industrial mixer in pharmaceutical, chemical and food & beverage industries, and growing adoption of customized industrial agitators are some of the major factors driving the industrial agitators market growth.

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Industrial Agitators Market Size, Share, Industry Analysis, Forecast to 2028

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  1. MarketsandMarkets Presents Industrial Agitators Market Size, Share, Industry Analysis, Forecast to 2028 Industrial Agitators Market by Model Type (Large Tank, Portable, Drum, Pail, Tote), Mounting (Top, Side, Bottom Mounted), Component (Head, Impeller, Seal, Propeller, Turbines, Disperser), Form (Solid-Solid, Liquid-Gas), Region - Global Forecast to 2028 https://www.marketsandmarkets.com/Market-Reports/industrial-agitators-market-59649096.html

  2. The global industrial agitators market size is estimated to be worth USD 2.6 billion in 2023 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 4.0% during the forecast period. Increasing demand for homogeneous mixing, growing need for energy efficient mixing equipment or industrial mixer in pharmaceutical, chemical and food & beverage industries, and growing adoption of customized industrial agitators are some of the major factors driving the industrial agitators market growth globally. Browse 153 market data Tables and 51 Figures spread through 195 Pages and in-depth TOC on "Industrial Agitators Market by Model Type (Large Tank, Portable, Drum, Pail, Tote), Mounting (Top, Side, Bottom Mounted), Component (Head, Impeller, Seal, Propeller, Turbines, Disperser), Form (Solid-Solid, Liquid-Gas), Region - Global Forecast to 2028"

  3. Driver: Growing need for energy efficiency, flow maximization, rapid mixing, waste reduction, and other advancements The increasing requirement of optimizing mixing processes is pushing industrial agitator companies to develop industrial mixer that helps achieve low power consumption, flow maximization, rapid mixing, and other advancements. Mixing, blending, fluid handling, separation, thermal heat transfer, and other processes are integral to companies for production and manufacturing across various industries, such as chemical, food & beverage, pharmaceutical, and other industrial markets. Rapid innovations and emerging trends in industrial mixer application are driving the need for more energy-efficient, speedy mixing and low costs mixing/agitation technologies in the said market. For instance, in 2022, SPX FLOW launched a new APV Flex-Mix Pilot industrial Mixer for the food & beverage industry to test small-scale pilot batches of low to high-viscosity product samples using a single unit. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59649096 Restraint: High costs for maintenance and repairs of industrial agitators Industrial agitators require significant upfront investment by agitator companies. This might create a barrier for some agitator companies, especially smaller ones. The cost of industrial mixer can vary depending on their size, materials, and complexity. Furthermore, the maintenance process for industrial mixer consists of replacing worn parts and changing the lubricant, bearings, seals, and other components. Any wear and tear or fault in a component of the industrial agitators can lead to an expense to the client. The maintenance activity applies to various factors in an industrial mixer, including simple adjustments in components of the industrial mixer, troubleshooting by standard exchanges, fault identification and diagnostics, repairs, mechanical corrections, renovation, reconstruction, or complete exchange of the rotating part, and so on.

  4. Opportunity: Rising usage of industrial mixing technologies in several applications Advancements in technology have led to the development of more efficient and effective industrial mixer that can offer greater control and precision in mixing. As more industries seek to improve their manufacturing processes and achieve greater product consistency, the demand for industrial mixer is increasing. This presents an opportunity for agitator companies to offer new and improved mixing equipment that can meet the needs of industries looking to optimize their manufacturing processes. Furthermore, there is a growing need for customized mixing solutions that can meet specific requirements. This presents an opportunity for agitator companies to offer specialized products that can be tailored to meet specific needs of different industries such as pharmaceutical, chemical and food & beverage. In June 2022, considering the increasing importance of using industrial agitators and industrial mixer in different industrial processes, Sulzer launched its latest addition to the SALOMIX industrial agitator family, the SSF150. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=59649096 Challenge: Emerging trend of renting industrial mixer due to high costs or shorter time span usage Users or purchasers of industrial agitators or industrial mixer may look for options other than capital purchases. If a client is not able to afford the industrial mixer or needs the industrial mixer for a shorter time, then renting industrial mixer can be considered the most reliable option. This is one of the suitable alternatives garnering attention in the industrial agitators market for rental industrial agitators/industrial mixer. Rental industrial mixer offers a fast and cost-effective way of fulfilling the need without the high cost of a capital purchase, allowing purchasers to fulfill their mixing needs at a fraction of the original industrial mixer cost. This would largely benefit the buyers at a time when most of the end-user industries are considering or have already slashed their capital expenditure budgets.

  5. Portable agitators accounted for the largest share of the industrial agitators market in 2022 Portable agitators can be used for a variety of industrial mixing applications, including mixing liquids, suspending solids, and blending different materials. This type of industrial mixer is widely used in industries such as food & beverage, where they are used in wine cellars in the production of wine and sparkling wine. As the mixing process in portable industrial mixer takes less time, and such industrial agitators are simple and quick to install and uninstall for tank fittings and threads, they are gaining popularity. Portable industrial agitators also provide high torque, offer a wide range of gear reduction, and can endure shock loads that are greater than their rating. All these factors are expected to surge the industrial agitators market for portable industrial agitators during the forecast period. Top-mounted agitators to register highest CAGR in the industrial agitators market during forecast period. Top-mounted industrial agitators are widely used in a variety of industries such as chemical, pharmaceutical and food & beverage for mixing and blending applications. They are often preferred due to their vertical design, which allows for efficient mixing and blending of materials, and their ability to handle high viscosity materials. Top-mounted industrial agitators can be customized to meet the specific needs of different industries and applications. For instance, in pharmaceutical industry, top-mounted agitators are used for mixing and blending of medications, such as creams, ointments, and suspensions. All these factors are expected to provide a significant surge for top-mounted agitators in the industrial agitators market.

  6. The pharmaceutical industry to register highest CAGR as well as market size in the industrial agitators market during forecast period. The pharmaceutical industry dominated the industrial agitators market with the highest market size in 2022 and is expected to grow at significant CAGR during the forecast period. Different industrial procedures are carried out in the pharmaceutical industry for tablet manufacturing and syrup production. These industrial procedures require industrial agitators and mixing equipment to improve their performance while reducing the manufacturing costs of medicines. These factors are fueling the growth of the pharmaceutical industry, positively influencing the industrial agitators market growth. North America held for the largest share of the industrial agitators market in 2022 North America accounted for the largest share of the industrial agitators market in 2022. North America is home to many key agitator companies in the industrial agitators market, including SPX Flows, NOV Inc and Xylem Inc among others. This strong presence of these agitator companies drives innovation and competition, further driving the growth of the industrial agitators market in the region. Key Market Players: The major agitator companies in the industrial agitators market include SPX Flow, Inc. (US), Xylem Inc. (US),Ekato Group (Germany), Sulzer Ltd. (Switzerland) and NOV Inc (US). These industrial agitator companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the industrial agitators market.

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