Pneumatic conveying system market to grow at 6.19% CAGR and is estimated to touch USD 8,401 Million by the end of 2030. Rapid industrialization in developing economies is expectd to drive global market.
A pneumatic conveying system is the process by which bulk materials of almost any type are transferred or injected using a gas flow as the conveying medium from one or more sources to one or more destinations. Air is the most commonly used gas, but may not be used with reactive materials.
The growth of global pneumatic conveying system market can be attributed to factors such as rapid industrialization in emerging economies and growing demand for material handling equipment. In addition, increasing demand for energy-efficient pneumatic conveying system is expected to fuel the market growth. However, high capital investment and complex installation are the major restraints to the growth of market.
Hillenbrand Inc. (U.S.), Flexicon Corporation (U.S.), Nilfisk Group (Denmark), Cyclonaire Corporation (U.S.), Dynamic Air Inc. (U.S.), Schenck Process Holdings GmbH (Germany), Vac-U-Max (U.S.), Zeppelin systems GmbH (Germany), Macawber Engineering, Inc. (U.S.) and Nol-Tec Systems, Inc. (U.S.) are some of the leading players operating in this market.
Asia-Pacific is the leading market and anticipated to grow approximately at substantial CAGR during the forecast period. It is due to rapid industrialization in countries such as China and India. Also, the favorable reforms for the growth of manufacturing sector which includes food, pharmaceuticals and ceramic.
It is followed by North America, where U.S is expected to be the largest market owing to increased demand for energy-efficient pneumatic conveying systems in the region.
The report for Global Pneumatic Conveying System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2030: USD 8,401 Million|
|CAGR||6.19% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Operation, End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Hillenbrand Inc. (U.S.), Flexicon Corporation (U.S.), Nilfisk Group (Denmark), Cyclonaire Corporation (U.S.), Dynamic Air Inc. (U.S.), Schenck Process Holdings GmbH (Germany), Vac-U-Max (U.S.), Zeppelin systems GmbH (Germany), Macawber Engineering, Inc. (U.S.) and Nol-Tec Systems, Inc. (U.S.)|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Flexicon Corporation (U.S.), Schenck Process Holdings GmbH (Germany), Hillenbrand Inc. (U.S.), Cyclonaire Corporation (U.S.), Dynamic Air Inc. (U.S.), Nilfisk Group (Denmark), Vac-U-Max (U.S.) are the key players are leading in the market development.
The market will be emerging at 6.19% CAGR.
Asia-Pacific, North America, Europe, Rest of World are the regions standing with larger market share.
The growth of global pneumatic conveying system market is attributed to rapid industrialization in developing economies and developing demand for material handling equipment.
North America is the largest market among others.