The global Pneumatic Conveying Systems Market subject to witness a substantial growth due to the growing adoption of advanced manufacturing methods and development of application specific and tailor-made products. The recent technological advancement in the manufacturing sector coupled with application specific automated devices to improve productivity in various end-user industry is expected to drive the growth of pneumatic conveying systems industry over the next seven years.
Development of compact pressure-vessel conveying systems with intelligent control technology is expected to boost market demand over the next seven years. Use of pneumatic conveying systems helps to increase productivity and limits operation downtime, thereby propelling market growth. Pneumatic conveying systems also helps to enhance quality of end-product. Globally, the pneumatic conveying system market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
Furthermore, material handling as a major application of pneumatic conveying systems among various end-use industries is expected to offer several growth prospects over the forecast period. Increasing market competition coupled with development novel technologies is anticipated to expand their market reach and regulate the market growth of pneumatic conveying systems. Development of cost effective solutions and minimum requirement of maintenance & repair are significantly contributing to industry growth in the past few years. Substantial rise in the funding for research & development activities by industry participants to develop technologically advanced solutions is projected to boost market growth over the next seven years.
However, higher initial cost coupled with greater complexity level during installation of pneumatic conveying systems are acting as major challenges for sustained market growth. In addition, rising concerns related to worker’s safety and health concerns has led to the increasing demand for automated pneumatic system, thus fostering market expansion in the upcoming years. Automated pneumatic system offer advantages such as easy to handle, high speed of execution, and prevention of contamination to the final product. The pneumatic conveying system industry is broadly classified into three essential technologies that are embedded in pneumatic systems to create high velocity air stream, positive pressure, vacuum, and combination systems.
The pneumatic conveying systems market is broadly categorized into four major segments based on the application type such as ceramic, pharmaceuticals sector, food & beverages sector, and rubber & plastic industry. The food & beverages segment is growing rapidly in the pneumatic conveying systems industry with substantial revenue generation in the last few years.
Request a Free Sample Copy of Pneumatic Conveying Systems Market Report @ https://www.millioninsights.com/industry-reports/pneumatic-conveying-system-market/request-sample
Growing popularity of pneumatic conveying systems in the food & beverages segment is attributed to the increasing adoption of pneumatic conveying systems to perform applications such as staging, granulation, blending, coating, compression, and packing. The ceramic segment has also witnessed substantial growth owing to the growing demand for application specific automated systems in the market.
The pneumatic conveying system market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in manufacturing sector, surge in number of research & development activities in the region and existence of well-established infrastructure.
Asia-Pacific region is estimated to hold major market share in pneumatic conveying system with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with rapid industrialization, increasing manufacturing activities, rising disposable income, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the pneumatic conveying system industry are K-Tron Investment Co., Cyclonaire Corp., AZO GmbH & Co., KG, Flexicon Corp., Atlas Copco Corp., DongYang P&F Co., Ltd.,Gericke Co., Nol-Tec Systems, Inc., Nilfisk Group, Inc., Schenck Process LLC, Vac-U-Max, Inc., Dynamic Air Inc., and Pneumatic Conveying Inc.
Download Full Research Report on “Pneumatic Conveying Systems Market” @ https://www.millioninsights.com/industry-reports/pneumatic-conveying-system-market
Market Segment:
Operating Principle Outlook (Revenue, USD Million, 2012 - 2022)
• Dense Phase Conveying
• Dilute phase Conveying
Technology Outlook (Revenue, USD Million, 2012 - 2022)
• Positive Pressure System
• Vacuum System
• Combination System
End-Use Outlook (Revenue, USD Million, 2012 - 2022)
• Ceramic
• Pharmaceuticals
• Food
• Rubber & plastic
• Others
Regional Outlook (Revenue, USD Million, 2012 - 2022)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Comments
Post a Comment