USD 30.82 Billion
Report ID:
SQMIG20I2119 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
94
|Figures:
76
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 Market Size
USD 30.82 Billion
Largest Segment
Positive Pressure Systems
Fastest Growth
Positive Pressure Systems
Growth Rate
5.80% CAGR
To get more reports on the above market click here to Buy The Report
The global pneumatic conveying systems market is segmented into operating principle, technology, end-use, and region. Based on operating principle, the market is segmented into operating principle, dilute phase conveying, and dense phase conveying. Based on technology, the market is segmented into positive pressure systems, vacuum systems, and combination systems. Based on end-use, the market is segmented into ceramic, pharmaceuticals, food industry, rubber and plastic industry, cement, mining (mineral), automotive, and others. Based on region, the global Pneumatic Conveying Systems Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Pneumatic Conveying Systems Market Analysis by Operating Principle
The dilute phase conveying segment accounted for more than 73.11% of total revenue. It is also predicted to grow at a 5.9% CAGR during the projection period. Pneumatic conveying systems based on the diluted phase operating principle are expected to develop significantly over the projected period because they are widely utilized for continuous conveying in several industries where material dilapidation and abrasion are not important problems. Dilute-phase pneumatic conveyors are appropriate for non-fragile, low-density products. They are also renowned as the most cost-effective, adaptable, and straightforward solutions. Because of all of these variables, they are becoming more popular in high-pressure situations.
The dense phase conveying sector is expected to grow at a CAGR of 5.6% during the forecast period, with a revenue share of 26.89% in 2022. Pneumatic conveying systems that utilize dense phase principles of operation are the best choices for transferring friable or abrasive substances at low or high rates. Because of their low velocity and air volume, these systems keep fragile products and mixes from breaking down, which makes them important in a wide range of industries. As a result, demand for such devices is expected to expand rapidly over the forecast period.
Pneumatic Conveying Systems Market Analysis by Technology
The pneumatic conveying systems market has been divided into three categories based on technology: positive pressure, vacuum, & combination systems. Positive pressure systems accounted for 49.85% of the market's revenue in 2022 and is predicted to expand at a 6.0% CAGR over the forecast period. This expansion can be attributed to positive pressure systems' capacity to function at high pressures when compared to other forms of conveying systems.
Furthermore, they are well-suited for transporting big products over long distances, which is one of the most important aspects expected to drive the market throughout the projection period.
Vacuum systems make use of high vacuum pumping devices that are simple to construct and require little maintenance. The segment is expected to grow at a CAGR of 5.8% over the forecast period, owing to its capacity to use a vacuum to position the material on the appropriate stack point, as well as its ability to transfer materials from many sources to a single destination.
To get detailed analysis on other segments, Request For Free Sample Report
Europe is going to dominate more than 30.50% of the global market in terms of revenue in 2022. Owing to the increasing demand for safe practices in the food transportation and manufacturing sectors, the regional market is predicted to grow significantly throughout the forecast period. The FDA, or Food and Drug Administration, has imposed several limits on indirect contaminants in food. This is predicted to have a positive impact on the need for pneumatic conveying systems in the region throughout the forecast period.
Asia Pacific is predicted to have a compound annual growth rate of 6.3% during the projection period. The booming pharmaceutical industry in the Asia Pacific area is likely to drive greater demand for pneumatic transport systems. The number of facilities devoted to the manufacturing of biosimilars and vaccines in the region has increased significantly, particularly in developing nations. Governments in these countries have been actively involved in practices that encourage improved healthcare facilities & the overall development of connected companies.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Pneumatic Conveying Systems Market Drivers
Increasing Demand from Food and Beverage Industry
Pneumatic Conveying Systems Market Restraints
Limitations in Handling Certain Materials
Request Free Customization of this report to help us to meet your business objectives.
The vendor landscape is largely consolidated, with a significant degree of competitiveness. Mergers and acquisitions are being pursued by market participants in order to increase their market positions. Atlas Copco AB, for example, announced its purchase of Reno A/S. Reno A/S is a company that manufactures and distributes compressed air products. The former hoped to increase its market footprint in Denmark through this acquisition.
Similarly, to acquire a competitive advantage, the major market players are focusing on the launch of novel technology. Schenck Process, for example, pioneered E-finite. E-finite is a proprietary low-pressure continuous dense-phase conveying system intended specifically for the transport of fragile and granular commodities such as cereals, nuts and grains, and pet meals.
A significant increase in growth potential as a result of this scenario is driving numerous pharmaceutical firms to emerging markets. This transition in pharmaceutical production from developed to emerging nations is expected to increase demand for the APAC pneumatic conveying systems market.
Pneumatic Conveying Systems Market Top Player’s Company Profiles
Pneumatic Conveying Systems Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global pneumatic conveying systems market analysis, 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.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 30.82 Billion |
Market size value in 2031 | USD 51.19 Billion |
Growth Rate | 5.80% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pneumatic Conveying Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pneumatic Conveying Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pneumatic Conveying Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pneumatic Conveying Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG20I2119
sales@skyquestt.com
USA +1 351-333-4748