The industrial agitator market in Europe is expected to grow from US$ 748.0 Mn in 2018 to US$ 1355.9 Mn by the year 2027, with a CAGR of 6.9% from the year 2019 to 2027.
Driving factors such as the positive economic growth outlook, increasing industrialization across the globe, and increasing demand for efficient agitation systems from industries are boosting the growth of the industrial agitator market. Further, the demand for innovative/custom industrial agitators from the growing number of SMEs is anticipated to drive the industrial agitator market growth in the near future. However, high installation costs and recurring service & maintenance costs are hindering the industrial agitator market growth. Industrial agitators are mechanical devices that are used for mixing/blending/stirring applications in diverse industries such as general industry, chemicals, mining, oil & gas, food and beverages, and cosmetics. These agitators are used in various heavy duty mixing applications and come in various types, for instance, large tank agitators and drum agitators. Hence, the installation costs/capital investments, especially for large tank agitators, are quite high, especially for small and medium manufacturing companies. Moreover, an industrial agitator consists of many mechanical parts such as drives, shafts, seals, and propellers. All these parts are subject to wear and tear and require regular service and maintenance for uninterrupted operations and high performance. Hence, the high installation costs and recurring service & maintenance costs may hamper the growth of industrial agitators in the coming few years, especially in small and medium industries.
On the basis of mounting type, the industrial agitator market is segmented into top-mounted, bottom-mounted, and side-mounted. The mounting configuration of industrial agitators depends on the requirements of end-use industries such as chemical, paper and pulp, ethanol and biofuels, water and wastewater, food and beverages, energy & power, and various other general process industries. The modularity of industrial agitators helps in achieving easy installation, maintenance, and optimum design requirements and hence, results in high quality and improved performance. During the forecast period of 2019 to 2027, the top-mounted segment is anticipated to be the largest contributor in the Europe industrial agitator market. However, side-mounted is projected to be the fastest-growing mounting type over the forecast period.
Germany dominated the industrial agitator market in 2018 and is expected to dominate the market with the highest share in the Europe region through the forecast period. In addition, Russia is expected to growth at a significant growth rate in the coming years. The figure given below highlights the revenue share of the rest of Europe in the industrial agitator market in the forecast period:
Exhibit: Rest of Europe Industrial agitator Market Revenue and Forecast to 2027 (US$ Mn)
EUROPE INDUSTRIAL AGITATOR MARKET SEGMENTATION
By Type
By Mounting Type
By Mixing Type
By End-Use Industry
By Country
Industrial Agitator Market - Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 748.0 Million |
| Market Size by 2027 | US$ 1355.9 Million |
| CAGR (2019 - 2027) | 6.9% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
|
The Europe Industrial Agitator Market is valued at US$ 748.0 Million in 2018, it is projected to reach US$ 1355.9 Million by 2027.
As per our report Europe Industrial Agitator Market, the market size is valued at US$ 748.0 Million in 2018, projecting it to reach US$ 1355.9 Million by 2027. This translates to a CAGR of approximately 6.9% during the forecast period.
The Europe Industrial Agitator Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Industrial Agitator Market report:
The Europe Industrial Agitator Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Industrial Agitator Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Industrial Agitator Market value chain can benefit from the information contained in a comprehensive market report.
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