Industrial Agitators Market Size, Share & Growth Analysis

Updated on : October 10, 2024

Industrial Agitators Market Size

[195 Pages Report] The global industrial agitators market size is estimated to be worth USD 2.6 billion in 2023 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 4.0% during the forecast period. Increasing demand for homogeneous mixing, growing need for energy efficient mixing equipment or industrial mixer in pharmaceutical, chemical and food & beverage industries, and growing adoption of customized industrial agitators are some of the major factors driving the industrial agitators market growth globally.

Industrial Agitators Market Forecast to 2028

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Industrial Agitators Market Trends

Driver: Growing need for energy efficiency, flow maximization, rapid mixing, waste reduction, and other advancements

The increasing requirement of optimizing mixing processes is pushing industrial agitator companies to develop industrial mixer that helps achieve low power consumption, flow maximization, rapid mixing, and other advancements. Mixing, blending, fluid handling, separation, thermal heat transfer, and other processes are integral to companies for production and manufacturing across various industries, such as chemical, food & beverage, pharmaceutical, and other industrial markets. Rapid innovations and emerging trends in industrial mixer application are driving the need for more energy-efficient, speedy mixing and low costs mixing/agitation technologies in the said market. For instance, in 2022, SPX FLOW launched a new APV Flex-Mix Pilot industrial Mixer for the food & beverage industry to test small-scale pilot batches of low to high-viscosity product samples using a single unit. This pilot industrial mixer is useful for companies focusing on small-scale production or craft producers producing a variety of products in small batches. This helps cut costs and reduce waste during the testing phase due to small batch production.

Restraint: High costs for maintenance and repairs of industrial agitators

Industrial agitators require significant upfront investment by agitator companies. This might create a barrier for some agitator companies, especially smaller ones. The cost of industrial mixer can vary depending on their size, materials, and complexity. Furthermore, the maintenance process for industrial mixer consists of replacing worn parts and changing the lubricant, bearings, seals, and other components. Any wear and tear or fault in a component of the industrial agitators can lead to an expense to the client. The maintenance activity applies to various factors in an industrial mixer, including simple adjustments in components of the industrial mixer, troubleshooting by standard exchanges, fault identification and diagnostics, repairs, mechanical corrections, renovation, reconstruction, or complete exchange of the rotating part, and so on. However, the impact of this restraint is expected to reduce with time due to the growing advancements in agitation technology and the subsequently increasing opportunities for industrial agitators industry .

Opportunity: Rising usage of industrial mixing technologies in several applications

Advancements in technology have led to the development of more efficient and effective industrial mixer that can offer greater control and precision in mixing. As more industries seek to improve their manufacturing processes and achieve greater product consistency, the demand for industrial mixer is increasing.  This presents an opportunity for agitator companies to offer new and improved mixing equipment that can meet the needs of industries looking to optimize their manufacturing processes. Furthermore, there is a growing need for customized mixing solutions that can meet specific requirements. This presents an opportunity for agitator companies to offer specialized products that can be tailored to meet specific needs of different industries such as pharmaceutical, chemical and food & beverage. In June 2022, considering the increasing importance of using industrial agitators and industrial mixer in different industrial processes, Sulzer launched its latest addition to the SALOMIX industrial agitator family, the SSF150.

Challenge: Emerging trend of renting industrial mixer due to high costs or shorter time span usage

Users or purchasers of industrial agitators or industrial mixer may look for options other than capital purchases. If a client is not able to afford the industrial mixer or needs the industrial mixer for a shorter time, then renting industrial mixer can be considered the most reliable option.  This is one of the suitable alternatives garnering attention in the industrial agitators industry for rental industrial agitators/industrial mixer. Rental industrial mixer offers a fast and cost-effective way of fulfilling the need without the high cost of a capital purchase, allowing purchasers to fulfill their mixing needs at a fraction of the original industrial mixer cost. This would largely benefit the buyers at a time when most of the end-user industries are considering or have already slashed their capital expenditure budgets.

Industrial Agitators Market Share

The prominent players in the industrial agitators market are SPX Flow, Inc. (US), Xylem Inc. (US),Ekato Group (Germany), Sulzer Ltd. (Switzerland) and NOV Inc (US). These agitator companies boast mixing trends with comprehensive product portfolio and strong geographic footprint.

Portable agitators accounted for the largest share of the industrial agitators market in 2022

Portable agitators can be used for a variety of industrial mixing applications, including mixing liquids, suspending solids, and blending different materials. This type of industrial mixer is widely used in industries such as food & beverage, where they are used in wine cellars in the production of wine and sparkling wine. As the mixing process in portable industrial mixer takes less time, and such industrial agitators are simple and quick to install and uninstall for tank fittings and threads, they are gaining popularity. Portable industrial agitators also provide high torque, offer a wide range of gear reduction, and can endure shock loads that are greater than their rating. All these factors are expected to surge the industrial agitators market size for portable industrial agitators during the forecast period.

Top-mounted agitators to register highest CAGR in the industrial agitators market during forecast period.

Top-mounted industrial agitators are widely used in a variety of industries such as chemical, pharmaceutical and food & beverage for mixing and blending applications. They are often preferred due to their vertical design, which allows for efficient mixing and blending of materials, and their ability to handle high viscosity materials. Top-mounted industrial agitators can be customized to meet the specific needs of different industries and applications. For instance, in pharmaceutical industry, top-mounted agitators are used for mixing and blending of medications, such as creams, ointments, and suspensions. All these factors are expected to provide a significant surge for top-mounted agitators in the industrial agitators market.

The pharmaceutical industry to register highest CAGR as well as market size in the industrial agitators market during forecast period.

The pharmaceutical industry dominated the industrial agitators market with the highest market size in 2022 and is expected to grow at significant CAGR during the forecast period. Different industrial procedures are carried out in the pharmaceutical industry for tablet manufacturing and syrup production. These industrial procedures require industrial agitators and mixing equipment to improve their performance while reducing the manufacturing costs of medicines. These factors are fueling the growth of the pharmaceutical industry, positively influencing the industrial agitators market growth.

Industrial Agitators Market Regional Analysis

North America held for the largest share of the industrial agitators market in 2022

North America accounted for the largest share of the industrial agitators market in 2022. North America is home to many key agitator companies in the industrial agitators market, including SPX Flows, NOV Inc and Xylem Inc among others. This strong presence of these agitator companies drives innovation and competition, further driving the growth of the industrial agitators market in the region.

Industrial Agitators Market Size by Region

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Top Industrial Agitators Companies: Key players

The major  industrial agitators Companies include

• SPX Flow, Inc. (US),
• Xylem Inc. (US),
• Ekato Group (Germany),
• Sulzer Ltd. (Switzerland) and
• NOV Inc (US). These industrial agitator companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the industrial agitators market.

Industrial Agitators Report Scope : 

Industrial Agitators Market Size Highlights

The study of segments in industrial agitator  market based on model type, mounting, component, form, industry and region at the regional and global level.

Recent Developments in Industrial Agitators Industry

• In September 2022, SPX Flow announced the launch of its new APV Flex-Mix™ Pilot Mixer, which enables food and beverage customers to test small-scale pilot batches of low to high-viscosity product samples using just a single unit.
• In November 2021, Statiflo International announced a new partnership with Spray Nozzle offering the company distributorship of its products that will expand Statiflo’s market presence into 18 more African countries.
• In January 2020, Ekato Group announced that it had been chosen as the plant supplier for the production of dermo- and nano-cosmetic products in the newly opened headquarters of Sesderma company in Spain.

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