Industrial Agitator Market Latest Trends, Share, Growth Industry Analysis and Forecast to 2027
Xylem Inc., SPX FLOW, Inc., Sulzer Ltd, Tacmina Corporation, and EKATO Group. - Prominent Market Participants in Industrial Agitator Market
Industrial agitator market operates in a highly-competitive marketplace. As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from regional as well the leading global technology and industrial companies in the world. Market is consolidated at global level with major six to seven players comprising one-third of the market share, whereas at the regional level it is highly fragmented with several local players serving the SMEs. 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.
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The most prominent market players in the industrial agitator market are Xylem Inc., SPX FLOW, Inc., Sulzer Ltd, Tacmina Corporation, and EKATO Group among others for a considerable share of the market owing to their product offerings to the market. Companies have taken several market initiatives with respect to product innovation to expand their footprint across the world and fulfill the growing demand of the market. For instance, in 2018, Statiflo has taken an initiative in respect to expand its product range. Through this initiative, the company aims to increase its imprints in the American markets with the addition of pre-designed mixers to its product portfolio. In the same year, another initiative is undertaken by EKATO China. The company has opened a new facility in Sanghai, the building has about 600 sq. mtr office space and 2,100 sq. mtr. workshop. The facility would help the company in local manufacturing of agitator parts, agitator assembly among other agitator parts.
The players operating in industrial agitator market mainly concentrate on the partnership, collaborations, agreements, acquisitions, product development, and other activities for the growth of industrial agitators across the world. These parameters permit the players to maintain their brand name globally. The market initiative was observed across the globe, which further supports in boosting the growth of industrial agitator market. These activities have paved the way for the expansion of business and customer base of market players. The market players from industrial agitator market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial agitator in the global market. Some of the key market initiatives by the players are mentioned below:
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