-- Focus on research as well as plant automation increases demand for advanced mixing equipment
LONDON, Nov. 6, 2014 /PRNewswire/ -- Process mixing is essential in the manufacture of various products in a large number of process industries. Since mixing requires the right amount of technique and technology to achieve its ultimate goal of a homogenous mixture, choosing the right equipment is crucial. As industrial growth intensifies in Europe, rising investments in the food and beverage and pharmaceutical industries will bolster the process mixing equipment market in the region. New application areas such as bioreactors, fine chemistry, and vaccine manufacturing will give a further boost to the market.
New analysis from Frost & Sullivan, European Process Mixing Equipment Market, finds that the market earned revenues of $741.4 million in 2013 and estimates this to reach $845.0 million in 2018.
"The need for greater plant automation in niche applications will be a key driver for the process mixing equipment market," said Frost & Sullivan Industrial Automation and Process Control Program Manager Ashwin Annareddy. "With high scope for technological advancement, the future for mixing equipment manufacturers in Europe is secure."
However, growth will be tempered by the uncertain economic condition in Europe, which has stalled new projects. Longer life expectancy of high-quality, reliable equipment too will restrict the procurement of new equipment and reduce replacement rates.
In addition, the development of Eastern Europe as an industrial hub and the large-scale transfer of process plants to Poland and Romania will affect the market in Western Europe, particularly the replacement and services segment. Mixer manufacturers must expand their sales and after-sales presence in Eastern Europe to take advantage of this shift and sustain margins.
"Increasing focus on R&D and collaboration with research institutes to design advanced solutions that can cater to customer needs is another key factor for market growth," stated Annareddy. "While these solutions may not be completely new in terms of technology, they will enable improved usability and application specificity for niche segments and broaden the consumer base for suppliers in the European market."
If you are interested in more information on this study, please send an e-mail to Julia Nikishkina, Corporate Communications, at firstname.lastname@example.org.
European Process Mixing Equipment Market is part of the Industrial Automation & Process Control (http://www.industrialautomation.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Latin American Positive Displacement Pumps Market, Strategic Analysis of the European Positive Displacement Pumps Market, and Global Centrifugal Pumps Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
European Process Mixing Equipment Market
Corporate Communications – Europe
P: +7 (499) 213 0156
LinkedIn: Frost & Sullivan's Industrial Automation and Process Control Forum
SOURCE Frost & Sullivan