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The Global Industrial Mixers Market generated revenue of around USD 746.04 million in 2021 and is anticipated to grow a CAGR of over 6.80% during the forecast period from 2021 to 2028 to reach around USD 1,244.53 million in 2028. While, cumulative growth opportunity presented by the global Industrial Mixers is around USD 7.26 billion during 2022 to 2028.
Global Industrial Mixers Market, 2021 – 2028 (USD Million)
Industrial mixers are huge devices responsible for mixing large quantities of components within each other. Many industries, such as pharmaceutical, chemical, mineral, plastic, food, etc., these industrial mixers mix more than one mixture to create a homogenous product. For example, mixing ash, coal, and cement in the right ratio will give you pozzocrete cement. Industrial mixers are a necessary component for certain industries as they help in mixing and producing essential items that act as raw materials in many other products.
Special mixers to Grow at Rapid Pace
Special mixers, Submersible mixers, High-shear mixers, Static mixers and Jet mixers are some of the important types of Industrial Mixers used across different industries. However, Special Mixers is growing in demand and held significant share in total revenue generation with over 20% in 2021. While, Submersible mixers, High-shear mixers and others segments collectively held over 50% share in total revenue generation in 2021 and poised to play important role in growth of Industrial Mixers in the years to come.
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Food & Beverage to Govern Future Growth of Industrial Mixers Industry
Chemicals, Food and beverage, Water and wastewater (W&WW), Energy, Petrochemicals, Pharmaceuticals, Pulp and paper, Mining and minerals and Others (Textile, Leather, Aquaculture, Marine) are major application markets for the global Industrial Mixers industry. Food and beverage industry held the largest share of global Industrial Mixers industry in 2021 with over 25% contribution to revenue generated by Industrial Mixers market. Secondly, Chemical and Pharmaceuticals industry is also expected to grow at a significant CAGR which in turn likely to drive demand for Industrial Mixers.
Europe is Second Leading Market for Industrial Mixers
Europe is second leading the Industrial Mixers industry with over 20% share in 2021. Increasing trend of food & beverage industry coupled with high level of manufacturing benefits offered by Industrial Mixers is driving the demand for Industrial Mixers in the region. Germany, France and UK tops the list of highest consuming countries of Industrial Mixers in Europe. While, China, Japan, South Korea and India held over 80% share in Asia Pacific in 2021. Asia Pacific dominate the demand for Industrial Mixers. North America stood at third place with around 20% share in 2021.
Major players operating in the Industrial Mixers industry include but not limited to Ekato, GEA, Philadelphia Mixing Solutions, SPX FLOW, Sulzer and Xylem. Global Industrial Mixers market is characterized by the presence of large number of manufacturers across the world. Increasing production capacity in order to achieve economies of scale and growing in market share is primary focus of the industry participants.
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Global Industrial Mixers Market by Type, 2016 – 2028
Global Industrial Mixers Market by Application, 2016 – 2028
Global Industrial Mixers Market by Company, 2016 – 2028
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