Market Analysis
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.
Multiple Factors to Augment Market Growth
A pneumatic conveying system is the act of transferring or injecting bulk materials of almost any type from one or more sources to one or more destinations using a gas flow as the conveying medium. The most widely utilized gas is air, although it should not be used with reactive materials.
The global pneumatic conveying system market is expanding as a result of factors such as rapid industrialization in emerging nations and increased demand for material handling equipment. Furthermore, rising demand for energy-efficient pneumatic conveying systems is likely to drive market expansion.
The Global Market to Regain Stability Post COVID-19 Pandemic
COVID-19 has spread rapidly throughout the world. The declaration of coronavirus as a pandemic in March 2020 led to stringent lockdowns being enacted in various countries. Government officials imposed stringent measures requiring companies to allow their employees to work remotely. During the pandemic, the use of technology such as advanced electronics and automated machinery not only insured company continuity but also increased output, significantly benefiting the pneumatic conveying systems market.
Increased investment across a variety of industry verticals, including pharmaceuticals and food and beverage, is likely to drive growth in the global pneumatic conveying system market. The demand for these products has been temporarily restricted in recent months as a result of business closures around the world. The demand for pneumatic conveying systems, on the other hand, is expected to revive in the next months and expand significantly during the projection period. The changing supply and pricing of raw materials have also had an impact on the growth of the pneumatic conveying systems market.
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Market Segmentation
The global pneumatic conveying system market has been segmented into type, operation, and end-use.
By type, the global pneumatic conveying system market has been segmented into Positive Pressure Conveying, Vacuum Pressure Conveying, Combined Conveying.
By operation, the global pneumatic conveying system market has been segmented into Dense-Phase Conveying, Dilute-Phase Conveying.
By end-use, the global pneumatic conveying system market has been segmented into Pharmaceutical, Ceramic, Food, Rubber Plastic.
Regional Analysis
APAC to Lead the Global Market
Asia Pacific is the leading market and is expected to develop at a robust CAGR over the forecast period. It is the result of rapid industrialization in countries like China and India. Furthermore, favorable reforms for the expansion of the manufacturing sector, which includes food, pharmaceuticals, and ceramics.
Key Players
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.
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