The industrial agitator market is expected to grow from US$ 1,931.76 million in 2021 to US$ 2,638.61 million by 2028; it is estimated to grow at a CAGR of 4.0% during 2021–2028.
With increasing population and degradation of natural environments, keeping sufficient and safe water supplies for everyone is becoming difficult. The solution for this is to reduce water pollution and manage wastewater. According to UN-Water 2021 data, 44% of global household wastewater is not safely treated and over 80% of wastewater is released to the environment without adequate treatment. Moreover, due to population growth, accelerated urbanization, and economic development, the quantity of wastewater generated is increasing globally. Therefore, the need for suitable wastewater treatment process is surging. The reused wastewater may help address other challenges including food production and industrial development.
The industrial agitator is an essential component in process of wastewater treatment. Wastewater treatment requires precise control at each stage in its process from rapid flash mixing to polymer addition. To control all these processes, there is requirement of specific wastewater agitators with high reliability, durability, and efficient performance. Further, there are several manufacturers who provide industrial agitators for wastewater treatment. For instance, Sulzer Ltd, which provide Scaba TreatX (Scaba top-mounted vertical agitator), is specially designed for mixing and agitating process liquids in wastewater treatment industry. This agitator ensures homogenous mixing, high efficiency, high process reliability, low operating costs, and low environmental stress. Some of the other manufacturers offering industrial agitator market are Dynamix Agitators Inc., Xylem Inc., and TACMINA CORPORATION, among others. Therefore, with high demand of wastewater treatment solutions, the growth of the industrial agitator market is propelling at a significant rate.
Impact of COVID-19 Pandemic on Industrial Agitator Market
The outbreak of COVID-19 has affected the world adversely and its impacts are still prevailing in various countries across the world. Until the outbreak of COVID-19, the industrial agitator market was observing considerable growth in many regions; however, the outbreak of COVID-19 has led to significant decline in adoption of industrial agitator market. Owing to various containment measures such as lockdowns, business shutdown, and travel restrictions, the production and supply chain of industrial agitator market was impacted negatively leading to decline in production. Since various countries strictly implemented containment measures to control the rising number of COVID-19 cases, trading activities were majorly affected, which further impacted the manufacturing of industrial agitator market negatively from the supply side till 2020. Amid the COVID-19 pandemic, paint & coatings and cosmetics businesses were hampered drastically. However, since many trade operations have started picking pace from the last quarter of 2020, market players were expecting some growth in the demand for industrial agitator market from the end users. The global industrial agitator market is anticipated to recover the lack of demand in the coming months and the subsequent years.
Lucrative Regions for Industrial Agitator Providers
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Industrial Agitator Market Insights
Surge in Number of SMEs Fuels Growth of Industrial Agitator Market
Small and medium enterprises play an integral part in the growth of country’s economy. According to Statista data 2021 and SME Chamber of India data, in emerging economies such as China and India, the SMEs contribute more than 60% and around 40% to the GDP. With fast changing technology scenario and growing number of small and medium manufacturers, the demand for innovative industrial agitators is growing continuously. In addition to the developing companies, the revenue growth rate of middle market companies in developed countries such as the US, Canada, Germany, and the UK has been surging at a consistent pace and it is expected to outperform various economic segments in these countries. For instance, as per the US Federal Reserve report 2021, small businesses are expected to continue a positive revenue growth and profitability in the coming few years with Small Business Optimism Index remained at a high level. Further, in the US, the total number of SMEs has reached 31.7 million, making up nearly 99.9% US businesses, according to Oberlo data 2020. Therefore, with the growing small and medium industries across the world, the need for industrial agitator market will be high due to wide range of applications in chemical, paper & pulp, ethanol & biofuels, water & wastewater, food & beverages, energy & power, and various other general process industries.
Mounting Type - Based Market Insights
Based on mounting type, the industrial agitator market is bifurcated into top-mounted, bottom-mounted, and side-mounted. In 2020, the top-mounted segment accounted for the largest share in the market.
Industrial Agitator Market, by Mounting Type, 2020 and 2028 (%)
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End-Use Industry -Based Market Insights
Based on end-use industry, the industrial agitator market is segmented into food and beverages, paint and coatings, chemical, mineral, pharmaceutical, cosmetics, and other industries. In 2020, the paint and coatings segment accounted for the largest market share.
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Industrial Agitator Market: Strategic Insights
Market Size Value in US$ 1,931.76 million in 2021 Market Size Value by US$ 2,638.61 million by 2028 Growth rate CAGR of 4.0% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Industrial Agitator Market: Strategic Insights
| Market Size Value in | US$ 1,931.76 million in 2021 |
| Market Size Value by | US$ 2,638.61 million by 2028 |
| Growth rate | CAGR of 4.0% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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The players operating in the industrial agitator market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In May 2021, Dynamix’s NMX line of agitators and Dynaflow impellers provide practical solutions for carbon-in-leach (CIL) as well as carbon-in-pulp (CIP) gold leaching circuits.
- In October 2020, the broader scope of supply has provided higher energy savings from Alfa Laval pumps and agitators, greater water savings from Alfa Laval Unique Mixproof valves and agitators, and a smaller footprint due to the compact equipment size as well as efficiency.
The Global Industrial Agitator Market has been Segmented as Mentioned Below:
By Power Rating
- Less than 50 HP
- 51 HP - 85 HP
- 86 HP - 130 HP
- 131 and Above
By Mounting Type
- Top-Mounted
- Bottom-Mounted
- Side-Mounted
By Mixing Type
- Solid–Solid Mixture
- Solid–Liquid Mixture
- Liquid–Liquid Mixture
- Liquid– Gas Mixture
By End-Use Industry
- Food and Beverages
- Paint and Coatings
- Chemical
- Mineral
- Pharmaceutical
- Cosmetics
- Others
By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Alfa Laval
- Dynamix Agitators Inc.
- EKATO HOLDING GmbH
- Mixer Direct
- Silverson
- SPX FLOW, Inc.
- Statiflo Group
- Sulzer Ltd
- TACMINA CORPORATION
- Xylem Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Power Rating , Mounting Type , Mixing Type , and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Technology is witnessing a high growth owing to its increasing applications in several booming industries such as adhesive, paints, water & waste-water, petrochemicals and others. A significant reduction in time and cost can be achieved in the production with the use of suitable agitators. Also, Positive economic growth outlook with rising industrialization worldwide and growing need for efficient agitation systems from industries, is thereby driving its adoption across the industries. The above-mentioned properties of nickel alloy attracts attention of several aircraft engine manufacturers in the current scenario.
Wide range of applications in multiple industries stand as an opportunity in this market. The industrial agitator market are widely used in food and beverages, paint and coatings, chemical, mineral, pharmaceutical, cosmetics, paper & pulp, water & wastewater, power plants, and petrochemicals. The purpose of agitators is for mixing liquids, solids, slurries, pastes, mixing liquids & gases, and mixing solids & gases. In chemical industry, the agitators are required in various stages for production of polymers, fertilizers & pesticides, chemical intermediates, lubricants, chemical coatings, adhesives, and sealants. Similarly, in mineral industry, the demand for efficient mixing and stirring systems in the mineral processing industry is growing at an impressive rate. Hence, for meeting the mixing requirements of this industry, agitator manufacturers are supplying the custom and high-quality industrial agitator market. Some of the major applications of agitators in this industry include solvent extraction, pressure hydrometallurgical processes, crystallizers, and atmospheric leach applications, among others. Therefore, with having wide range applications, the opportunities for industrial agitator manufacturers are also growing.
The industrial agitators market was dominated by top mounted mounting type with market share of 47.1% % in 2020. The top-mounted agitators are used for mixing and agitating various materials in major industrial applications. These agitators offer homogenous mixing with high reliability, high efficiency, low environmental stress, and low operational costs. Some of the major industries which use top-mounted agitators include food & beverages, biotechnology, pharmaceutical, pulp & paper, coating & finishing, water & effluent treatment, chemicals, and cosmetic applications, among others.
In 2020, North America led the market with a substantial revenue share, followed by Europe and APAC. Asia Pacific is a prospective market for industrial agitator’s market players.
The major companies in industrial agitator market includes Dynamix Agitators Inc, Ekato Holding GmBH, Alfa Laval, Sulzer Ltd., Xylem Inc. and Tacmina Corporation.
The major industries in industrial agitators market includes paint and coating, chemicals, minerals, pharmaceuticals, F & B, Cosmetics and others. The pharmaceutical segment is the fastest growing market in the industrial agitators market with a share of 12.8 % in 2020.
The List of Companies - Industrial Agitator Market
- Dynamix Agitators Inc.
- EKATO HOLDING GmbH
- Silverson
- Alfa Laval
- SPX FLOW, Inc.
- Sulzer Ltd
- Xylem Inc.
- Statiflo Group
- Tacmina Corporation
- Mixer Direct
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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