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Status : Work in progress | Report Format: Electronic (PDF) | Publisher: Radiant Insights Inc.
The global pneumatic conveying system market size is expected to exceed USD 30 billion by 2022. High infrastructure and industrial spending paired with energy efficiency concerns is expected to drive the market over the next seven years. These systems posses the ability of preventing contamination and adulteration of the end products, thus help in maintaining perfect sanitation, they facilitate productivity and enhancing quality as well. Demand for application specific and material handling equipments over the wide industry sector serves as a key driver in pneumatic conveying system market. Development activities in growth striving countries paired with intensifying health and security concerns is likely to drive pneumatic conveying system market growth significantly. Cost optimization and diminishing product down time happens to be an eminent factor driving market growth. Large scale application in numerous industries such as food processing, construction, automation, agriculture, electronics, aerospace, canning & bottling, packaging, and print finishing industries provides huge opportunities for pneumatic conveying systems market. Industry participants are anticipated to expend huge potential in research and development activities for devising innovative solutions and offering wide product differentiation to the market. However huge capital investments and perplexing installation may turn out as a challenge to the market. The industry is highly fragmented and can be classified on the basis of operational principle such as dilute phase, it is estimated to account for majority of the market share owing to its prevalent applications. However, dense phase is estimated to depict moderate growth over the fore casted period. Technology segments include positive pressure system; mainly used in transporting heavy material over a long distance. Vacuum systems are also estimated to see growth owing to their property of vacuum utilization application in conveying lines. Combination systems are mainly used in multiple loading-unloading point applications. Pneumatic conveying system is further segmented on the end-use attribute such as pharmaceutical, rubber, ceramic, plastic and food. Industries such as pharmaceutical and food are projected to account for over 50% of the total market owing to hygiene and sanitary concerns. Ceramics industry is expected to exhibit eminent growth owing to increasing demand of production activities. Asia Pacific pneumatic conveying system market is anticipated to witness significant gains owing to high mechanization in the region. European market is expected to witness eminent growth over 30% of the total market share owing to government policies over sanitary concerns. North America and Middle East are expected to witness satisfactory growth. Key industry participants with pneumatic conveying system market share include Flexicon K-Tron, DongYang P&F, Cyclonaire AZO GmbH, KG, Atlas Copco, Gericke, Nol-Tec, Dynamic Air, Nilfisk, Pneu-Con, Schenck Process LLC and Vac-U-Max.
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