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Market research analysts at Technavio have predicted that the global process agitators market will grow steadily at a CAGR of more than 5% by 2020. Green engineering techniques and processes minimize pollution from the plants while achieving high production efficiency. As a result, companies have started adopting and implementing green engineering techniques in their plants, where the final plant output is in exact proportion to the component elements of its formula. Kinetics and mass transfer are used to enhance the production and operation units in a manufacturing plant. Kinetics involve the minimum use of non-renewable energy, which leads to the reduced generation of pollutants. Mass transfer is concentrated toward reducing the gap in yield, increasing purity, improving the physical appearance, and particle size by product formation, filterability, and catalyst deterioration. The use of industrial agitators enhances the reaction performance for mass transfer controlled situations. For instance, EISENMANN, a biogas plant that collects bio-waste and converts it into bio-methane, adopted agitators for processing both the liquid and solid wastes in the plant. This helped the company convert 20,000 metric tons of bio-waste into 1,500 metric tons of fuel.
In terms of geography, the Americas is expected to dominate the process agitators market throughout the forecast period and will account for a market share of almost 40% by 2020. The US is identified to be the major contributor for the market in the region since the majority of process industries across the country use agitators in their plant. Moreover, companies have also started reshoring their production plants, which will lead to the construction of new plants. Also, the availability of low-cost labor is attracting several companies to start manufacturing plants in Mexico, which will again drive the demand for process agitators from this region in the coming years.
Vendors in the market usually compete on the basis of product customization, faster product delivery, price, and product innovation. Due to the presence of several established agitator manufacturers and regional players, the vendor competition in the market appears to be intense. International vendors concentrate more on generating their revenue through direct sales channels and have also started focusing on forming a partnership with other vendors to expand their reach to specific industries. Moreover, domestic vendors have also started increasing their investments in R&D to develop products approved by ATEX and other organizations.
The leading vendors in the market are -
The other prominent vendors in the market are Dynamix Agitators, Fluidmix, Hayward Gordon, INOXPA, JBW System, Mixer Systems, MixerDirect, National Oilwell Varco, Silverson, and Statiflo.
During 2015, the top-entry agitators segment accounted for more than 42% of the total market share and dominated this industry. They are mostly used for mixing applications in deep tanks or vessels that require intense and rapid blending and high uniform mixing. The estimated growth of the chemical industry during the forecast period will fuel the growth of this market segment since this industry is the largest consumer of top-entry industrial tank mixers or agitators.
Agitators are used in the chemical industry for mixing and blending of specialty chemicals, fertilizers, explosives, dry powdered detergents, rubber compounds, and glass or ceramics. Analysts predict that due to the significant increase in investments, the chemical industry will witness exponential growth during the forecast period, and this will in turn, drive the growth of the process agitators market. According to this market research report, this industry will account for almost 34% of the total share of the industrial mixer market by 2020 and will also dominate the market throughout the forecast period.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key takeaways
PART 16: Appendix
PART 17: Explore Technavio
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