Government Policies to Boost Manufacturing Industries Drives the Demand of Industrial Agitators

Industrial agitator serves the purpose of mixing two or more materials in various proportions and also of different viscosity to attain a desired level of uniformity in end products. Industrial agitators primarily serves various mixing application needs in manufacturing industries including chemical, oil, gas and petrochemical, pharmaceutical and food and beverages among others. Water and wastewater treatment industries also make use of industrial agitators for the purpose of cleansing water by removing various pollutants such as sulfur in water. 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.

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The 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.

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 to these factors, total operation costs are escalating which in turn is leading to...