Global Industrial Agitator Market Is Expected to Reach Usd 3 Billion in 2021

According to a new market report published by Transparency Market Research “Industrial Agitator Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” global industrial agitator market was valued at USD 2.1 billion in 2014; growing at a CAGR of 5.8% from 2015 to 2021 to account for USD 3 billion in 2021.

Industrial agitators are mechanical equipment composed of drive devices (motors and belts), shafts and impellers. Additionally, mechanical seals are also used to mount industrial agitators onto the tanks, vessels or containers for closed tank agitation. Industrial agitators are mounted or inserted into tanks or vessels by side, top or bottom. Industrial agitator serves all mixing and agitation needs of raw materials present in different forms such as solid-solid, solid-liquid, liquid-liquid and liquid-gas. Furthermore, industrial agitator finds application across industries primarily chemical, oil, gas and petrochemical, water and wastewater treatment and pharmaceutical among others.

Browse the full Industrial Agitator Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021 report at http://www.transparencymarketresearch.com/industrial-agitator-market.html

The industrial agitator market is expected to surge during the forecast period owing to the growth in manufacturing and process industries primarily in developing regions such as Asia Pacific and rest of the world (RoW). Favorable government policies to boost manufacturing industries in emerging countries such as India, China and Brazil are anticipated to drive the demand for industrial agitators during the forecast period. Moreover, demand for advanced and customized industrial agitators, specific to end use application in manufacturing and process industries is further aiding the market growth. However, high maintenance cost and need for frequent servicing and installation support to consumers is restraining the market growth. Due...