Dilute phase pneumatic conveying systems market size will continue dominating global revenue, with growth expected at 5.5% CAGR from 2015 to 2022. Dilute phase convey systems occupied greater than 70% share of global pneumatic conveying system market in 2014. It is predicted to display substantial growth due to its characteristic of using air pressure only for transmitting or moving substance. Dense phase conveying systems are displaying normal expansion and are used in food & pharmaceuticals applications. It is projected to register CAGR of more than 5% during forecast period and was evaluated at more than $5 billion for 2014.
Pneumatic Conveying Systems Market size is predicted to expand further owing to technological breakthroughs and product development in many feeding technologies like rotary valves & vibrating dosing screws, according to a report by Global Market Insights, Inc. Its total revenue would surpass $30 billion by 2022.
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Varied benefits offered by the equipment are cost savings, improved quality, increased productivity and minimized production downtime. End user industries are petrochemical, rubber & plastic, chemical, ceramic, waste water management, food, cement industry and pharmaceutical is anticipated to spur the industry. Players are showing interest in this equipment installation for better production and prevent product contamination from dust particles. These advantages support the growth of pneumatic conveying systems market.
Food and Pharmaceuticals industry are the end-users of pneumatic conveying systems market. Both combined contributed to half of the total industry share for 2014. Plastics, cement, ceramics, waste water management, chemical, petrochemical and rubber are few of other end-users. Pharmaceuticals segment was evaluated at more than $5 billion for 2014 and is predicted to register CAGR of more than 5% during forecast period. The growth can be attributed to use of the pneumatic systems for granulation, coating and packing of pharmaceuticals. Ceramics industry is predicted to grow substantially during forecast timeframe and was evaluated at more than $3 billion in 2014. It is predicted to surpass $5 billion by 2022 due to rise in automation in manufacturing establishments.
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Pneumatic conveying systems market is segmented into positive pressure systems and vacuum systems based on the technologies. Positive pressure systems were evaluated at more than $10 billion for 2014 and predicted to register CAGR of more than 5% during forecast timeframe. The growth is attributed to the capacity of these systems to convey bulk substances from source to many destinations. Vacuum systems contributed greater than 30% of the total industry share for 2014. They are predicted to grow significantly owing to their increasing execution for light & free flowing substances.
Asia Pacific is estimated to exhibit highest growth rate due to rapid industrialization. China pneumatic conveying systems market is expected to attain USD 2.2 billion by 2022 with a CAGR of 6.2% during the forecast timeline. Indian industry is expected to reach USD 1.2 billion by 2022 at a CAGR of 6.1%. Europe is expected to witness growth on account of government regulations targeted at sanitary operations.
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Pneumatic conveying systems market players include AZO & Co. KG, DongYang P&F, Atlas Copco, K-Tron, Gericke, Cyclonaire Corporation, Vac-U-Max, Nilfisk, Dynamic Air, Nol-Tec, Pneu-Con, Flexicon Corporation, Schenck Process, etc. Companies have been focusing on providing superior products in the light of continuous technological advancement and demand from end-use sectors.