Global Pneumatic Conveying System Market Analysis
Pneumatic conveying systems are used to transfer bulk materials from one place to another using air pressure. These systems are widely used in various industries such as food, pharmaceuticals, chemicals, and plastics. The global pneumatic conveying system market is expected to grow at a significant rate in the coming years due to the increasing demand for automation in various industries.
Overview
The global pneumatic conveying system market is expected to grow at a CAGR of 5.2% during the forecast period (2021-2026). The market is driven by the increasing demand for automation in various industries, the need for energy-efficient systems, and the growing demand for bulk material handling systems. The market is also driven by the increasing demand for pneumatic conveying systems in the food and pharmaceutical industries, where hygiene and cleanliness are of utmost importance.
The market is segmented based on type, application, and region. Based on type, the market is segmented into positive pressure conveying, vacuum pressure conveying, and combined conveying. Based on application, the market is segmented into food, pharmaceuticals, chemicals, plastics, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
Key Players in the Global Pneumatic Conveying System Market Analysis
The key players in the global pneumatic conveying system market include Schenck Process Holding GmbH, Coperion GmbH, Flexicon Corporation, Cyclonaire Corporation, Dynamic Air Inc., Nilfisk Group, Dong Yang P&F Co. Ltd., AZO GmbH + Co. KG, and Vac-U-Max.
These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their market presence. For instance, in 2020, Coperion GmbH launched a new conveying system for the food industry, which is designed to handle fragile food products without damaging them.
Market Challenges
One of the major challenges faced by the global pneumatic conveying system market is the high cost of installation and maintenance. The initial cost of installing a pneumatic conveying system is high, and the maintenance cost is also significant. This makes it difficult for small and medium-sized enterprises to adopt these systems.
Another challenge faced by the market is the lack of skilled labor. Pneumatic conveying systems require skilled operators who can operate and maintain the systems efficiently. However, there is a shortage of skilled labor in the market, which is hindering the growth of the market.
Market Opportunities
The global pneumatic conveying system market offers several opportunities for growth. The increasing demand for automation in various industries is expected to drive the growth of the market. The need for energy-efficient systems is also expected to drive the growth of the market, as pneumatic conveying systems are more energy-efficient than other bulk material handling systems.
The growing demand for pneumatic conveying systems in the food and pharmaceutical industries is also expected to drive the growth of the market. These industries require hygienic and clean systems, and pneumatic conveying systems are ideal for such applications.
Future of the Global Pneumatic Conveying System Market Analysis
The global pneumatic conveying system market is expected to grow at a significant rate in the coming years. The market is driven by the increasing demand for automation in various industries, the need for energy-efficient systems, and the growing demand for bulk material handling systems. The market is also driven by the increasing demand for pneumatic conveying systems in the food and pharmaceutical industries, where hygiene and cleanliness are of utmost importance.
The market is expected to witness significant growth in the Asia-Pacific region, due to the increasing demand for automation in various industries in the region. The market is also expected to witness significant growth in the food and pharmaceutical industries, due to the increasing demand for hygienic and clean systems.
Conclusion
The global pneumatic conveying system market is expected to grow at a significant rate in the coming years, driven by the increasing demand for automation in various industries, the need for energy-efficient systems, and the growing demand for bulk material handling systems. The market offers several opportunities for growth, such as the growing demand for pneumatic conveying systems in the food and pharmaceutical industries. However, the market also faces several challenges, such as the high cost of installation and maintenance and the lack of skilled labor. Companies in the market are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their market presence.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Brite View Research journalist was involved in the writing and production of this article.