Pneumatic Conveying Systems Market To Witness A Significant Growth Of USD 48.37 Billion By 2030


 San Francisco, 19 Jan 2024: The Report Pneumatic Conveying System Market Size, Share & Trends Analysis Report By Operating Principle Type (Dilute Phase, Dense Phase), By Technology, By End Use, By Region, And Segment Forecasts, 2024 - 2030

The global pneumatic conveying systems market size is expected to reach USD 48.36 billion by 2030, registering a CAGR of 5.8% from 2023 to 2030, according to a new study by Grand View Research Inc. The increasing automation in the manufacturing sector has significantly transformed the pneumatic conveying system market during the past few years.

Demand for robust and novel technologies in the pneumatic conveying system market has witnessed an upsurge, to cope with the rapidly developing manufacturing techniques such as robotics. Furthermore, due to the increased customized and advanced handling demands, the pneumatic conveying system market is expected to witness robust growth during the forecast period.

Conveying systems form an important part of the material handling industry. The varied type of conveying systems are available, pneumatic conveying system uses pressure difference and flow of air or other gases as the driving force for the conveying system. This is usually supplied by an air mover and kept under control for desired applications. The market for pneumatic conveying systems is expected to witness healthy growth during the forecast period.

Pneumatic conveying systems are more flexible than existing mechanical systems, occupy less space, and provide enclosed space for transportation. Another significant advantage of a pneumatic conveying system over a mechanical one is relatively low maintenance cost, which is because pneumatic conveying systems have less number of moving parts.

Additionally, advantages provided by pneumatic conveying systems, such as low maintenance costs, minimal installation space requirements, durability, and flexibility, are the main drivers influencing customers to choose pneumatic conveying systems over other systems offered in the market. Thus, the growing demand for pneumatic conveying systems worldwide. The global pneumatic conveying systems industry is expected to generate significant revenue from installation and MRO services.

The market for pneumatic conveying systems may be hampered by the factors such as high power requirements for the conveyor, ongoing air pressure monitoring, and the need for larger dust collecting systems than other systems, currently on the market. A further obstacle to the global pneumatic conveying systems market is the end-user industries' slow growth, particularly in the metal and mining sectors.

Access Research Report of Pneumatic Conveying Systems Market @ https://www.grandviewresearch.com/industry-analysis/pneumatic-conveying-system-market

Pneumatic Conveying Systems Market Report Highlights

  • The dilute phase conveying segment held the largest share of 73.11% of the overall revenue in 2022
  • Due to the increased customized and advanced handling systems demands, the pneumatic conveying system market is expected to witness robust growth during the forecast period
  • The shift of the pharmaceutical manufacturing sector from developed to developing regions is likely to fuel the demand for pneumatic conveying systems market in APAC

Pneumatic Conveying Systems Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 32.57 billion

Revenue forecast in 2030

USD 48.37 billion

Growth rate

CAGR of 5.8% from 2023 to 2030

Actual data

2018 - 2023

Forecast period

2024 - 2030

List of Key Players in the Pneumatic Conveying Systems Market

  • Atlas Copco AB
  • Coperion GmbH
  • Cyclonaire Corporation
  • Dongyang P & F
  • Dynamic Air Inc.
  • Flexicon Corporation
  • Gericke AG
  • Nol-Tec Systems Inc.
  • VAC-U-MAX
  • Schenck Process Holding GmbH
  • Pneumatic Conveying, Inc.
  • Nilfisk Group
  • Gericke AG
  • Flexicon Corporation

Access Press Release of Pneumatic Conveying Systems Market @ https://www.grandviewresearch.com/press-release/global-pneumatic-conveying-system-market

 

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more