According to a new market report published by Transparency Market Research titled ‘Industrial Agitator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027, the global industrial agitator market is expected to reach US$ 2,324.9 Mn by 2027, expanding at a CAGR of 4.1% from 2019 to 2027. In terms of volume, the global industrial agitator market is expected to reach 424.8 ‘000 units by 2027, expanding at a CAGR of 3.9% during the forecast period. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
Global rise in wastewater treatment plants and stringent environment regulations across the global have prompted various industries and government institutions to carry out the treatment of industrial and municipal wastewater. Industrial agitators are utilized in the various stages of the wastewater treatment process. Right from preparation of chemical for wastewater treatment to final release of effluent to the environment, various stages require industrial agitators.
Presently, China has implemented stringent environmental regulations relating to wastewater treatment process. In 2010, a global industrial agitator manufacturer, Sulzer Ltd, installed 11 top-mounted vertical or top-entry and four side entry or side-mounted horizontal agitators in eight different applications in the Asian Symbol (Shandong) Pulp & Paper Co. Ltd, based in China. A rise in number of wastewater treatment plants across the globe is fueling the demand for industrial agitators.
North America is the second-largest market for industrial agitator in the world. Various end-use industries, ranging from oil, gas and petrochemical to water and wastewater treatment, utilize industrial agitators for mixing purposes. In North America, the U.S. is a prominent market for industrial agitator, followed by Canada. The U.S. is a major producers of natural gas, including shale gas, in the world. As per the U.S. Energy Information Administration (EIA), in December 2018, the U.S. produced about 65 billion cubic feet per day (Bcf/d) of natural gas (shale gas and tight oil), which is about 70.0% of total U.S. natural gas production.
Furthermore, in December 2018, the country produced about seven million barrels per day (b/d) of crude oil, which is 60.0% of the total U.S. oil production. Compared to production a decade ago, in December 2008, natural gas (shale gas and tight oil) accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production. Thus, a rise in the demand for shale gas across the U.S. is boosting the demand for industrial agitators across North America.
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The report highlights major companies operating in the global industrial agitator market, which include Sulzer Ltd, Ekato Group, Philadelphia Mixing Solutions, Ltd., Xylem, Inc., Tacmina Corporation, Mixel Agitators, Dynamix Agitators Inc., Silverson Machines Ltd., SPX FLOW, Inc., and Fluid Kotthoff GmbH.
The global industrial agitator market has been segmented as below:
Global Industrial Agitator Market, by Product Type
- Top-Mounted Vertical/ Top-Entry
- Side Entry/ Side-Mounted Horizontal
- Static Mixer
- Bottom Entry