Pneumatic Conveying Systems Market subject to witness a substantial growth due to the growing adoption of advanced manufacturing methods and development of application specific and tailor-made products. The recent technological advancement in the manufacturing sector coupled with application specific automated devices to improve productivity in various end-user industry is expected to drive the growth of pneumatic conveying systems industry over the next seven years.
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The key driving factors responsible for the growth of Pneumatic
Conveying Systems market :
Development of compact
pressure-vessel conveying systems with intelligent control technology is
expected to boost market demand over the next seven years. Use of pneumatic
conveying systems helps to increase productivity and limits operation downtime,
thereby propelling market growth. Pneumatic conveying systems also helps to
enhance quality of end-product. Globally, the pneumatic conveying system market
is predicted to grow at higher CAGR in the forecast period, providing numerous
opportunities for market players to invest for research and development in the
market.
Furthermore, material handling as
a major application of pneumatic conveying systems among various end-use
industries is expected to offer several growth prospects over the forecast
period. Increasing market competition coupled with development novel
technologies is anticipated to expand their market reach and regulate the
market growth of pneumatic conveying systems. Development of cost effective
solutions and minimum requirement of maintenance & repair are significantly
contributing to industry growth in the past few years. Substantial rise in the
funding for research & development activities by industry participants to
develop technologically advanced solutions is projected to boost market growth
over the next seven years.
However, higher initial cost
coupled with greater complexity level during installation of pneumatic
conveying systems are acting as major challenges for sustained market growth.
In addition, rising concerns related to worker’s safety and health concerns has
led to the increasing demand for automated pneumatic system, thus fostering
market expansion in the upcoming years. Automated pneumatic system offer
advantages such as easy to handle, high speed of execution, and prevention of
contamination to the final product. The pneumatic conveying system industry is
broadly classified into three essential technologies that are embedded in
pneumatic systems to create high velocity air stream, positive pressure,
vacuum, and combination systems.
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