The global industrial dispenser market is projected to reach close to US$ 14 Bn by 2031-end, expanding at a CAGR of 5% over the next ten years. Higher rate of adoption of Industry 4.0 and integration of automation in various industries are contributing toward market growth. Newer sensor technologies in industrial dispensers will provide the necessary boost to the market.
Demand for industrial dispensers witnessed a slight dip in 2020 due the economic crisis caused by the COVID 19 pandemic, mainly from manufacturing plants. However, sales of industrial dispensers to pharmaceutical industries saw a potential increase. Higher sanitization precautions being undertaken in various end-use industries increased the sales of industrial dispensers toward the last quarter of 2020.
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Key Takeaways from Market Study
“Increasing prominence of smart and connected industrial dispensers and product development achieved by various complex custom projects are key factors driving demand. Manufacturers are focusing on research & development by integrating better embedded technology to improve efficiency and accuracy,” says a Persistence Market Research analyst.
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The market is observed to be fragmented with a high influx of tier-2 and tier-3 vendors operating in respective regional markets, and with tier-1 players accounting for nearly one-third of the market share. Tier-1 players are likely to invest in new technology developments for product improvement in order to maintain their market shares. Some of the key players in this industry are Nordson Corporation, Eisenmann intec GmbH & Co. KG, Henkel AG & Co KGaA, Atlas Copco AB, Graco Inc., and Hitachi High-Technologies Corporation.
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The research report analyzes demand for industrial dispensers. The market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Persistence Market Research’s research scope, the market has been analyzed on the basis of operation, type, end use, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply-side and demand-side.
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