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Dilute Phase Pneumatic Conveying System Market Size is Expected to Record a CAGR of 5.5% by 2022

Author : Ronak Bora | Published Date : 2019-05-22 

Based on the operating principle, pneumatic conveying system market size is segmented into two main types – Dilute Phase Conveying System and Dense Phase Conveying System. Dilute phase conveying system is expected to record a CAGR of 5.5% over 2015-2022. It is likely to   dominate global pneumatic conveying system market size revenue over the next few years, driven by its ability to use air pressure effectively for conveying materials. Dense phase conveying system, estimated at USD 5 billion in 2014, will record significant gains over the coming timeline, driven by the efficient usage of pressure and blow tanks.

Rapid industrialization in developing countries, thriving waste treatment and increasing awareness about energy saving and efficiency will lead to increase in demand. Pressure transmission equipment are expected to have large industry share owing to high efficiency equipment demand.

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Positive pressure equipment is expected to increase at over 5.5% during the forecast timeframe. The growing demand for these products is attributed to bulk carrying capacity from one source to multiple terminals. Vacuum equipment is expected to have considerable growth rate during the forecast timeline owing to increasing implementation in free and light flowing materials such as pellets, powder and granules.

Pharmaceutical industry is expected to grow with a CAGR of 5% during the projected timeline due to broad usage of the equipment in blending, granulation, staging, coating, compression, and packing. Ceramics industry is expected to have significant growth rate in the forecast period and exceed USD 5 billion by 2022 owing to thriving automation in production units. Food industry is anticipated to cross USD 8.5 billion by 2022.

Incorporation of intelligent control technologies along with compact pressure-vessel is increasing demand for pneumatic conveying system market. In addition, availability of highly developed filters which allows fine dust transmission without any interruptions will lead to industry growth.

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Varied benefits offered by the equipment are cost savings, improved quality, increased productivity and minimized production downtime. End user industries are petrochemical, rubber & plastic, chemical, ceramic, waste water management, food, cement industry and pharmaceutical is anticipated to spur the industry. Players are showing interest in this equipment installation for better production and prevent product contamination from dust particles. These advantages support the growth of pneumatic conveying systems market.

Taking into consideration the regional trends, Asia Pacific pneumatic conveying system market size is forecast to display highest growth over the next few years. Speedy industrial development across India and China is expected to drive the regional growth. Pneumatic Conveying System market in China is projected to grow at a rate of 6.2% over 2015-2022. Driven by the high rate of industrialization, India Pneumatic Conveying System industry is anticipated to hit USD 1,240 million by 2022.

U.S. industry is anticipated to reach USD 6 billion by 2022, and will drive North America Pneumatic Conveying System market in the years ahead. Easy availability of technologically advanced filters along with the introduction of novel methods that facilitate free material flow will contribute significantly towards the expansion of the industry.

Pneumatic conveying system market players will try to increase their ROI through strategic alliances and new product launches. Key industry participants include Gericke, Pneucon Valves Private Limited, Atlas Copco, Flexicon Corporation, Coperion K-Tron, Dynamic Air Incorporation, Schenck Process LLC, Dong Yang P&F Company, Cyclonaire Corporation, and AZO GmbH & Co. KG.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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