According to the findings of a report published by Grand View Research, Inc.; the global pneumatic conveying system market expected to reach a valuation of USD 30.67 billion by 2022. Rapid industrialization along with increasing requirement to achieve energy efficiency and high demand for material handling equipment in several sectors can drive the market over the forecast period (2012 to 2022). Material handling is one of the most important application, which is expected to increase the demand for these systems.
Increasing health and safety concerns are likely to motivate the manufacturers to implement automated pneumatic systems due to their convenience. This is also anticipated to boost the demand for pneumatic conveying systems in the coming years. Pneumatic conveying systems can prevent contamination of end products and provide better hygiene. These systems can also help reduce product downtime, improve quality along with cost savings, and enhance productivity. These factors would contribute toward the growth of the market.
On the other hand, complex installation process and high initial costs associated with pneumatic conveying systems can act as a market restraint. However, various government guidelines have forced manufacturers to use better sanitary operations, which is expected to augur well for the global market. In addition, escalating demand from the food and pharmaceutical industries would also fuel the market development. These systems are extensively used in the two industries for various applications such as granulation, staging, coating, blending, compression, and packaging. Together, these two industries accounted for more than 50 % of the total market share in the past and are likely to grow further during the forecast years.
Full Research Report On Pneumatic Conveying System Market Analysis:
Worldwide pneumatic conveying system market is segmented on the basis of operating principle, technology, end-use, and region. Based on operating principle, the market can be bifurcated into dense phase conveying and dilute phase conveying. The dilute phase conveying segment is expected to account for more than 70 % of the overall volume during the forecast period. This growth can be associated with its benefits like its capability to use only air velocity to transport materials and function at high velocity at low pressure differentials.
The Vacuum system segment is anticipated to grow at a CAGR of 5 % from 2012 to 2022. This growth is credited to its capability to use vacuum created in conveying lines for pulling the material to loading points. The dense phase conveying segment is likely to show a moderate growth on account of growing penetration of these system across the pharmaceutical and food industries. The combination systems segment is also expected to exhibit moderate expansion. These systems combine pressure system for conveying many unloading points and vacuum systems for conveying materials from multiple loading points.
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On the basis of technology, the market can be fragmented into positive pressure system, vacuum system, and combination system. On the basis of end-use, the market can be classified into ceramic, pharmaceuticals, food, rubber and plastic, and others. On the basis of geographies, the market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe represents one of the largest regional markets for pneumatic conveying systems. Strict government guidelines regarding the use of advanced sanitary methods are expected to spur the region’s development.
Moreover, the presence of many regional regulatory bodies that encourage the adoption of pneumatic equipment to maintain industry standards can also contribute towards the market growth in this region. The Asia Pacific regional market is anticipated to witness high growth during the forecast period due to rapid industrialization and infrastructural development activities in the emerging nations. In addition, rising concerns regarding consumer health and safety has encouraged companies to use pneumatic equipment in order to improve hygiene and prevent product contamination.
Rising disposable income levels have increased the demand for food products in the region, which has in turn, has resulted in the growth of the food industry in. This will also have a positive impact on the pneumatic conveying systems market in Asia Pacific. Some of the leading companies operating in the market include Pneumatic Conveying Inc.; Dynamic Air Inc.; DongYang P&F Co., Ltd.; Atlas Copco; Pneumatic Conveying Inc. (Pneu-Con); and Schenck Process LLC.
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