Pneumatic Conveying Systems Market size forecast to surpass USD 30 billion by 2022
Pneumatic conveying systems market size is anticipated to exceed USD 30 billion by 2022, growing at over 5% from 2015 to 2022; as per a new research report by Global Market Insights, Inc. Application specific product development and technological advancements will present growth opportunities to companies accounting for pneumatic conveying systems market share. Growing material handling equipment demand across numerous application industries can also be leveraged for driving profitability. Innovation in filter materials has eased concerns regarding problems in filter capacity due to continuous conveying. Other initiatives include availability of compact pressure vessel equipment with intelligent control capabilities. Drop-through valves, blow-through valves, and high pressure airlock production is forecast to lead to improved precision.
Chemical processing, pharmaceutical, and petrochemical industries have invested significantly to step up production capacity and address growing global demand. This has led to need for high process efficiency, which will fuel the pneumatic conveying systems market. Demand in the food industry was valued at USD 5.7 billion in 2014, and will grow faster than the global average over the forecast timeline. Increasing government initiatives and mandates for manufacturing facilities to ensure sanitary operations coupled with rising concerns regarding health and safety issues associated with infected food will drive growth. High initial investment required for replacing conventional conveyors with pneumatic counterparts may restrain growth in the coming years. The presence of high cost components and growing requirement for custom solutions may lead to increased pneumatic conveying system market price trend, which will pose a barrier to growth. Unfavourable physical characteristics of the materials transported may also lead to need for frequent maintenance, thus increasing operational expenditure.
1|Page