Pneumatic Conveying System Market 2021: COVID-19 Impact Growth, Industry Analysis, Business Opportunities and Latest Innovations
Market
Insight
The global pneumatic conveying system market’s
shares are preparing for new strategies that could help the market to regain
its position post novel coronavirus. Market Research Future digs information
and comes up with a prediction that the global pneumatic conveying system
market 2020 expects a steady growth at a 6% CAGR. The growth pace will be
happening in the years from 2018 to 2022 (forecast period).
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Top
Impacting Factors
The market is witnessing a tremendous impetus in
support of factors such as the escalating significance of automation in the
manufacturing sector, thus giving mount to an escalated demand for conveying
systems and material handling equipment. The sustained developments in material
handling and conveyance technologies have assisted the pneumatic conveying
system market is multiplying.
The appearance of industrial automation across the
globe is one of the crucial worldwide pneumatic conveying systems market
trends. Also, well designed and manufactured pneumatic conveying systems are
more cost-effective and reasonable as compared to the other mechanical systems
as they are entirely enclosed, offer easy modifications, and can be controlled
logically. These systems are more environmentally sound compared to the
mechanical systems as their enclosed characteristic keeps materials to be
protected from dangerous and foreign matters.
Furthermore, mounting health and safety concerns
have encouraged manufacturers to use programmed pneumatic systems as these
systems provide convenience, hygiene, speed of executing the operation and
prevent adulteration of the final product. Moreover, different government
policies and regulations force manufacturers to implement improved operation
process. This is expected to result in rising market demand.
In fact, some technological developments which
support dense pressure-vessel conveying systems and integrated with intelligent
control technology provide opportunities for market growth during the assessment
period. The capability of pneumatic conveyors to raise productivity, minimize
process downtime, and improve quality would contribute to the development of
the market. All the above factors are anticipated to drive the global pneumatic
conveying systems market in the coming years.
Segmentation
of Market
The global pneumatic conveying systems market is
further segmented among the segments of type, operation, and end-use.
Depending on the type segment, the global market
has included positive pressure conveying, vacuum pressure conveying, and
combined conveying.
Depending on the operation segment, the global
market has included dense-phase conveying and dilute-phase conveying.
Depending on the end-user segment, the global
market has included pharmaceutical, ceramic, food, and rubber & plastic.
Regional
Coverage
The worldwide pneumatic conveying systems market
share was highly led by Europe and North America regions mutually, contributing
to approximately 55% of the sales back in 2017. Europe generated the highest
revenue in this year owing to the marvelous level of automation that has been
carried out in industries such as the food & drinks and pharmaceutical
sector. The food & beverage industry, which is the largest manufacturing
sector in the European Union in terms of turnover, is the foremost driver of
the pneumatic conveying systems market. Europe is a net exporter of food and
drink products, makes sustained technological additions to the processing
plants, which is expected to motive the forward momentum of the pneumatic
conveying system market during the assessment period.
The market in the Asia Pacific is likely to inflate
at a noteworthy rate during the assessment period. The reason for this growth
is enhanced investment in advanced manufacturing facilities by industry
manufacturers in emerging economies such as China and India. The prime players
operating within the global pneumatic conveying systems market are occupied in
the sustained development of cost-efficient conveying systems that transporting
materials with least damage or spillage. In the case of point, Kongskilde, a
U.S. based manufacturer, introduced Component Vacuum Loader (CVL 700), for powerfully
conveying plastic items. Consequently, the continued introduction of
ingenious products is anticipated to motivate the development of the global
pneumatic conveying systems market during the foreseeable years.
Industry
Players
Flexicon Corporation (U.S.), Hillenbrand Inc.
(U.S.), Cyclonaire Corporation (U.S.), Nilfisk Group (Denmark), Schenck Process
Holdings GmbH (Germany), Dynamic Air Inc. (U.S.), Zeppelin Systems GmbH
(Germany), Vac-U-Max (U.S.), and Nol-Tec Systems, Inc. (U.S.) are some of the
top players operating in this market.
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