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Global Industrial Dispensing System and Equipment Market to Register 7.0% CAGR
Industrial Dispensing System and Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021. Global Industrial Dispensing System and Equipment Market to Register 7.0% CAGR, with North America Leading the Market from
Published 05 November 2015
Industrial dispensing systems and equipment have many uses including dispensing chemicals, solvents, liquid products, powder products, and inks among others. Industrial dispensing systems and equipment are used in manufacturing plants and are vital in daily processes. These systems are highly useful and have various purposes such as in large-scale industries for disinfecting solutions, dispensing oil and other solvents, in household cleaning solutions, detergents, foods (sauces and syrups) beverages (water and aerated drinks) and personal care products (shampoos and moisturizers).The global industrial dispensing systems and equipment market accounted for US$12.85 billion developing at a CAGR of 7.0% and is estimated to reach US$20.57 billion by 2021. The growth trajectory for industrial dispensing systems and equipment according to the forecast is increasing through market demand depending on various driving factors.
Increase in Automation, and Production Efficacy, Reasons for Market Demand
Due to automation in various industries there is increased demand for industrial dispensing systems and equipment worldwide. These systems are used in multiple industries including aerospace and defense, pharmaceuticals, automotive, and in oil and gas. Industrial dispensing systems and equipment help improve production efficiency and are increasingly used in countries such as China, South Africa, Mauritius, India, and Brazil.
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Factors influencing Demand Include Technology Innovations and Cost Effectiveness
Other factors for added demand in industrial dispensing systems and equipment are introduction of new technologies such as fluid dynamic technology in food and beverage segment. Fluid dynamic technology has advantages such as maximum productivity in minimal space, lower carbon footprint impact; these are driving market growth. Fluid dynamic technology helps save energy through effective cooling and reduces functioning expenses. Newer technologies adapted in the automotive segment have increased market demand for industrial dispensing systems.
Market Expansion Predicted in Developing Countries; India, China, Indonesia
A market analysis in developing countries such as India, Indonesia, Ghana, South Africa, Brazil and China for industrial dispensing systems and equipment indicates an increase in demand. Manufacturers of these systems have introduced advanced technologies in new products with improved performance capabilities and customization options. Challenges and restraints for market growth in industrial dispensing systems and equipment are slow metering in liquid dispensing machines and reduced after sales services, but these factors are expected to decrease during the forecast period.
Market segments for industrial dispensing systems and equipment are by end use and by geography. In the end use segment automotive, food and beverage, personal care, and pharmaceutical are the main sub segments. Pharmaceutical segment is reported as having the highest market share in 2014 with 30%. Application market segments for industrial dispensing systems and equipment include liquid material dispensers, powder product dispensers, glue and sealants dispensers and others.
Geographical segments include North America, Europe, Asia Pacific and Rest of the World (RoW). Among the geographical segments North America is predicted to continue its control on the market share due to upgrading of industrial dispensing systems and equipment with sophisticated technological advancements. Major players in the market for industrial dispensing systems and equipment include Franklin Fueling System, Wayne Fueling Systems, Techcon System Inc., Fisnar Inc, Nordson Corporation, Graco Inc., IMI Cornelius Inc., GPD Global Inc., and Dymax Corporation., among others.
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