Product ID: SQMIG20I2119
Global Pneumatic Conveying Systems Market Size, Share, Growth Analysis, By Operating Principle(Dilute Phase Conveying, and Dense Phase Conveying), By Technology(Positive Pressure Systems, Vacuum Systems), By End-Use(Ceramic, Pharmaceuticals) - Industry Forecast 2024-2031
Report ID:
SQMIG20I2119 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
94 |
Figures:
76
Global Pneumatic Conveying Systems Market Insights
Global Pneumatic Conveying Systems Market size was valued at USD 30.82 Billion in 2022 and is poised to grow from USD 32.61 Billion in 2023 to USD 51.19 Billion by 2031, at a CAGR of 5.80% during the forecast period (2024-2031).
The growth of recycling and waste treatment sectors, as well as an increase in demand for energy-efficient systems, have all helped the worldwide pneumatic transport systems market gain pace in recent years. Rising consumer health and safety concerns are forcing producers across various industries to employ automated pneumatic transport systems because they maintain product hygiene by preventing material contamination.
Furthermore, the possible repercussions of the lockout are presently unknown, and organizations’ capacity to recover financially is entirely dependent on the funds they have set up. As a result, pneumatic conveying system makers are able to afford full lockdown for a limited time before they must adjust their investment strategy. For example, in order to weather the COVID-19 health crisis, a number of market participants halted production for a while in order to minimize expenses, and a select number of companies also enacted staff leave policies.
Furthermore, technological advancements in pneumatic conveyance, as well as the availability of modern products integrated with intelligent control technology, are driving a growth in the adoption of these systems. Furthermore, the use of pneumatic conveying systems in handling material industries is increasing, which is expected to drive growth in the pneumatic transferring systems market over the forecast period.
Pneumatic conveyors are utilized in a range of sectors because they improve the quality of goods in areas such as packaging, coating, & final product quality while increasing output and reducing production stoppages. Because of these benefits, pneumatic conveyors are becoming more popular in a variety of end-use sectors.
Conventional conveyors are subject to dust & foreign matter entering the systems, leading to material quality degradation and subsequent losses from material that is no longer fit for use. Another reason pneumatic conveyors are progressively replacing traditional conveyors in various industries is because product contamination remains a major concern for end-users. Pneumatic conveyors are being heavily invested in by the ceramics, food processing, pharmaceuticals, & rubber and plastic industries in order to enhance production capacity and meet increased demand. Pneumatic conveyors are being used to reduce losses & increase product quality as businesses continue to face fierce competition. This is expected to boost the market for pneumatic conveying systems even further.
US Pneumatic Conveying Systems Market is poised to grow at sustainable CAGR for the next forecast year.
Global Pneumatic Conveying Systems Market Report Snapshots
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