IMARC Group, a leading Market research company, has recently releases report titled “Pneumatic Conveying System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global pneumatic conveying system market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the pneumatic conveying system market?
The global pneumatic conveying system market size reached US$ 30.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
What is pneumatic conveying system?
Pneumatic conveying system transfers material in the industry from one point to another. It comprises various technologies, such as positive pressure, vacuum pressure, and combination conveying. It relies on air flow and differential pressure to fulfill conveying tasks in a closed environment. It offers improved safety, reduces material contamination, and has the ability to transport materials for long distances as compared to other material handling methods. It is flexible and has a low maintenance cost, and is utilized for conveying powder, granules, abrasives, and other dry materials. As a result, pneumatic conveying system is widely employed in the manufacturing, power generation, pharmaceutical, plastic, rubber, mining, and chemical industries across the globe.
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What are the growth prospects and trends in the pneumatic conveying system industry?
Presently, the rising demand for energy-efficient systems for various purposes represents one of the primary factors strengthening the market growth. Besides this, the wide availability of advanced products equipped with intelligent control technology is offering a positive market outlook.
In addition, the increasing demand for material handling equipment is bolstering the growth of the market. Apart from this, various benefits offered by pneumatic conveying systems, such as minimized downtime, enhanced quality, and increased productivity, is offering lucrative growth opportunities to industry investors.
Furthermore, the increasing focus of manufacturers to use pneumatic conveying systems as they provide safety, convenience, hygiene, and prevent adulteration of the products is supporting the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- Positive Pressure Conveying
- Vacuum Pressure Conveying
- Combination Conveying
Breakup by Operation:
- Dilute-phase Conveying
- Dense-phase Conveying
Breakup by End User:
- Food
- Pharmaceuticals
- Rubber and Plastics
- Ceramic
- Mining
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Atlas Copco AB, AZO GmbH + Co. KG, Cyclonaire Corporation, Dynamic Air Inc., Flexicon Corporation, Gericke AG, Hillenbrand Inc., Macawber Engineering Inc., Nilfisk Group, Nol-Tec Systems Inc., Palamatic Process, Schenck Process Holding GmbH and VAC-U-MAX.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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