Global pneumatic conveying system market to grow steadily to 2022, report says
The global pneumatic conveying system market's shares are preparing for new strategies that could help the market to regain its position once the COVID-19 pandemic is over.
The global pneumatic conveying system market’s shares are preparing for new strategies that could help the market to regain its position once the COVID-19 pandemic is over, a new report from research firm Market Research Future finds.
The report predicts that the global pneumatic conveying system market 2020 expects a steady growth at a 6% CAGR – the growth pace will be happening in the years from 2018 to 2022 (forecast period).
“The market is witnessing a tremendous impetus in support of factors such as the escalating significance of automation in the manufacturing sector, thus giving mount to an escalated demand for conveying systems and material handling equipment,” the report notes. “The sustained developments in material handling and conveyance technologies have assisted the pneumatic conveying system market is multiplying.”
The appearance of industrial automation across the globe is one of the crucial worldwide pneumatic conveying systems market trends, the report also notes. “Also, well-designed and manufactured pneumatic conveying systems are more cost-effective and reasonable as compared to the other mechanical systems as they are entirely enclosed, offer easy modifications, and can be controlled logically,” it said. “These systems are more environmentally sound compared to the mechanical systems as their enclosed characteristic keeps materials to be protected from dangerous and foreign matters.”
Furthermore, mounting health and safety concerns have encouraged manufacturers to use programmed pneumatic systems as these systems provide convenience, hygiene, speed of executing the operation and prevent adulteration of the final product. “Moreover, different government policies and regulations force manufacturers to implement improved operation process,” the report said. “This is expected to result in rising market demand.”
In fact, some technological developments which support dense pressure-vessel conveying systems and integrated with intelligent control technology provide opportunities for market growth during the assessment period. “The capability of pneumatic conveyors to raise productivity, minimize process downtime, and improve quality would contribute to the development of the market,” the report said. “All the above factors are anticipated to drive the global pneumatic conveying systems market in the coming years.”
Broken down according to region, the worldwide pneumatic conveying systems market share was highly led by Europe and North America regions mutually, contributing to approximately 55% of the sales back in 2017. “Europe generated the highest revenue in this year owing to the marvelous level of automation that has been carried out in industries such as the food & drinks and pharmaceutical sector,” the report said. “The food & beverage industry, which is the largest manufacturing sector in the European Union in terms of turnover, is the foremost driver of the pneumatic conveying systems market.”
The market in the Asia Pacific, meanwhile, is likely to inflate at a noteworthy rate during the assessment period. “The reason for this growth is enhanced investment in advanced manufacturing facilities by industry manufacturers in emerging economies such as China and India,” the report said. “The prime players operating within the global pneumatic conveying systems market are occupied in the sustained development of cost-efficient conveying systems that transporting materials with least damage or spillage.” As a case in point, the study continues, Kongskilde – a U.S.-based manufacturer – introduced Component Vacuum Loader (CVL 700), for powerfully conveying plastic items. “Consequently, the continued introduction of ingenious products is anticipated to motivate the development of the global pneumatic conveying systems market during the foreseeable years,” the report concludes.