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IN THE NEWSApril 13, 2022: Nordson Electronics Solutions to display and offer their latest dispensing, conformal coating, and selective soldering technologies at the SMT Connect 2022 in Germany.
July 24, 2021: CMT Atomizers to join hands with CAISA Constructora Auxiliar de Ingeniería, S.L. to continue its growth and consolidation program in Spain.
The global industrial atomizer market is estimated to grow at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. Atomizer is a device that is used to convert a liquid into fine spray. The growth of the market can be attributed to the increasing application of atomizers in combustors and for painting. Industrial atomizers are being increasingly used in the automotive sector to paint the vehicles, as it is more convenient, easy, and requires less amount of paint. Moreover, the tiny droplets of paint provide an even application. As a result, the growth in the production of vehicles, including personal and commercial vehicles, is estimated to boost the market growth. The growing sales of vehicles is also anticipated to fuel the growth of the market. According to the data by the International Energy Agency (IEA), in 2019, the total car sales reached 25 million cars in China, 17 million in United States, 4 million in India, 17 million in European Union, 4 million in Japan, and 21 million in the rest of the world. Apart from this, industrial atomizers are also used in combustors to force fuel through a hole under high pressure. Furthermore, it is also extensively used in the pharmaceutical industry for drug delivery in the lungs, nose, or throat. Atomizers are used to turn liquid medications into fine aerosol for easier delivery, and quicker absorption of the drug. Such factors are estimated to propel the market growth.
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The market is segmented by end-user into food & beverage, automotive, pharmaceutical, personal care industry, chemical, and others, out of which, the automotive segment is anticipated to hold a substantial share in the global industrial atomizer market over the forecast period on account of increasing application of industrial atomizers to paint the vehicles, backed by the hike in demand for cars and other vehicles across the globe.
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
On the basis of geographical analysis, the global industrial atomizer market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing sales of vehicles in the region, combined with the presence of major automobile manufacturers in the countries, such as, China, India, and Japan.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the rapid industrial growth in the region, especially in the pharmaceutical, aerospace, and automotive industries. The advancements in the healthcare sector, along with the development of advanced medications, are estimated to boost the demand for industrial atomizers in the pharmaceutical industry. Moreover, the growth in the healthcare sector in the region, is expected to enhance the regional market growth. As per the data by the Center for Medicare & Medicaid Services, the US federal government spending for health care grew 36% in 2020.
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The global industrial atomizer market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Our in-depth analysis of the global industrial atomizer market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The growing application of atomizer in the automotive and pharmaceutical industries is estimated to boost the market growth.
The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2031.
The requirement of high initial investment is estimated to hamper the market growth.
The North America region is anticipated to provide more business opportunities over the forecast period owing to the growing healthcare sector in the region.
The major players in the market are Nordson Corporation, Mekem Engineering Ltd., PNR Italia Srl, BETE Fog Nozzle, Inc., CMT Atomizers S.R.L., AM Atomizers Technology S.R.L., Italimpianti Orafi S.p.A., and Lechler, Inc.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, end-user, and by region.
The automotive segment is anticipated to hold largest market size in value over the forecast period and display significant growth opportunities.
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