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text 2021-05-26 05:17

Pneumatic Conveying Systems Market Research By Technological Advancement

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.

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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.

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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

text 2018-09-20 12:14

Pneumatic Conveying System Market Size Worth $30.40 Billion By 2025

Industries Study Report

20 September 2018, The global Pneumatic Conveying System Market size to reach USD 30.40 billion by 2025, augmented by the advancement of technology resulting in its increasing use for various applications including food processing and pharmaceutical. Europe was the largest market valued at over USD 6.5 billion in 2016. However, it is expected to witness steady growth over the forecast period on account of increase in trade barriers created by Brexit, Russian military intervention in Ukraine and slowdown of the Chinese economy.

Asia Pacific is anticipated to witness the fastest growth over the forecast period at CAGR of 6.6% on account of increase in production of pharmaceutical as well as rubber & plastics. Growing domestic demand for these products is expected to provide an impetus to the pneumatic conveying system market.

Global pnuematic conveying systems market, by end-use, 2014 - 2025 (USD Billion)

Rubber & plastics accounted for 19.4% of the global market share in 2016 and is projected to increase as a result of the increasing demand for these products in various sectors including aviation, automobile and construction. Moreover, pneumatic conveying systems swiftly adapt to the constantly evolving technology for processing of these commodities, which is expected to play a crucial in driving the growth of the market.

Dilute phase conveying system was the largest contributor to the global industry in 2016. The segment is expected to grow at a CAGR of 6.2% over the next nine years on account of its increasing use for handling a broad range of materials including sand, feldspar, carbon black, fly ash, glass cullet, cocoa beans, candies, resins, hazelnuts, and sorbitol.

The positive pressure systems segment was valued at USD 11.02 billion in 2016. Its demand is anticipated to increase due to its ability to operate above atmospheric pressure and a higher capacity compared to vacuum systems. In addition, positive pressure system is ideal for conveying material from one loading point to many uploading points which make it a viable choice for rubber and ceramics.

Companies are investing extensively in R&D to enhance technology for the purpose of capturing the more market share. For instance, In October 2016, Schenck Process Holding GmbH launched high capacity stainless steel feeder designed for handling materials with light and fluffy characteristics in plastics processing applications. Thus, rapid industrialization with a growing demand for processing of foods and pharmaceuticals is expected to augment the growth of the pneumatic conveying system industry over the projected period.

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Hexa Research has segmented the global pneumatic conveying system market based on operating principle, technology, end-use and region:

Segmentation By Operating Principle, 2014 - 2025 (USD Million)