Regional Analysis of the Pneumatic Conveying System Market Opportunities and Challenges
Market Analysis
Pneumatic conveying systems are a type of material
handling technology used to transfer bulk materials, such as powders, granules,
and particles, from one point to another through a closed pipeline using gas or
air as the conveying medium.
These systems are commonly used in industries such
as food processing, pharmaceuticals, chemicals, plastics, cement, mining, and
more.
Market Research Future (MRFR) projects the global pneumatic
conveying system market to touch USD 10.13 billion
at 6.19% CAGR from 2023 to 2032 (forecast period).
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.
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.)
·
Nol-Tec Systems, Inc. (U.S.)
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.
Market Segmentation
The global Material
handling systems market size 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.
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