SAN FRANCISCO, September 14, 2015 /PRNewswire/ --
The global pneumatic conveying system market is expected to reach USD 30.67 billion by 2022, according to a new report by Grand View Research, Inc. Rapid industrialization coupled with the growing need to achieve energy efficiency is expected to elevate industry growth over the forecast period. Rising demand for material handling equipment across varied application sector is also estimated to provide opportunities for industry growth over the next few years.
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Recent development activities in developing countries paired with growing health and safety concern is anticipated to escalate product demand significantly. Pneumatic conveying systems have the ability to prevent contamination of end products and offer better hygiene. Additionally, pneumatic conveyors also help in minimizing product downtime, increasing productivity, and improving quality together with cost savings. The industry is poised for growth owing to the aforementioned points.
Further key findings from the study suggest:
Grand View Research has segmented the global pneumatic conveying system market on the basis of operating principle, technology, end-use and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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