The increasing demand for centrifuges in process industries, rising need for wastewater management solutions, and technological advancements in centrifuge systems are the major factors driving the growth of this market. Development of next-generation centrifuges and growing demand for centrifuges in developing countries are expected to offer significant growth opportunities for players in the coming years.
What the Market Looks Like?
Predicted to grow at a CAGR of 4.9% during the forecast period, the Global Industrial Centrifuges Market is estimated to reach USD 11.06 Billion by the end of 2022. In 2017, North America is expected to account for the largest share of the market.
Based on type, the global Industrial Centrifuges Market is segmented into sedimentation centrifuges and filtering centrifuges. In 2017, the sedimentation centrifuges segment is expected to account for the largest share of the Industrial Centrifuges Market. The wide range of industrial applications, the ability to achieve high speeds, increase in oil and gas explorations, and rising need for wastewater treatment are the major factors contributing to the growth of this segment.
Based on end-user, the Industrial Centrifuges Market is segmented into the chemical industry, food & beverage industry, metal industry, mining industry, pharmaceutical and biotechnology industries, power industry, pulp and paper industry, wastewater treatment plants, and water purification plants. In 2017, the wastewater treatment plants segment is expected to witness the highest growth during the forecast period. The increasing population levels, environmental degradation, economic development (resulting in rapid urbanization and industrialization), increasing government spending on water utilities and wastewater treatment, and stringent regulations on wastewater discharge are the major factors driving the growth of this segment.
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What Drives the Market?
The growth of the global market for Industrial Centrifuges is primarily influenced by the following factors:
· Increasing Demand for Centrifuges from Process Industries
· Growing Need for Wastewater Management Solutions
· Technological Advancements
· Development of Next-Generation Centrifuges
Geographical growth scenario of Industrial Centrifuges Market
Geographically, the market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2017, North America is expected to account for the largest share of the Industrial Centrifuges Market, followed by Europe. The high demand for crude oil, a large number of shale oil and gas drilling activities, government initiatives to manage wastewater, flourishing food processing industry, technological advancements, and government support for the development of innovative centrifugation systems are the key factors driving the growth of the market in North America.
Leading market players and strategies adopted
The prominent players in the Industrial Centrifuges Market include Andritz, Alfa Laval, GEA Group, Mitsubishi Kakoki Kaisha, Thomas Broadbent, FLSmidth, Schlumberger, Hiller, Ferrum, TEMA, HEINKEL, Gruppo Pieralisi, SPX Flow, and HAUS Centrifuge Technologies. These companies are focusing on strategies such as product launches, expansions, agreements, collaborations, and acquisitions to increase their offerings in the market and cater to the increasing demand for industrial centrifuges.
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The increasing demand for centrifuges in process industries, rising need for wastewater management solutions, and technological advancements in centrifuge systems are the major factors driving the growth of this market.
The objective of the report is to define, describe market forecast.According to the new market research report "Industrial Centrifuges Market by Type (Sediment, Decanter, Disc, Filter, Basket, Screen, Peeler, Pusher), Operation (Batch, Continuous), Design (Horizontal, Vertical), End User, and Region - Global Future Forecast", published by MarketsandMarkets™.Revenue Growth Opportunities:Industrial Centrifuges Market is projected to reach USD 11.06 billion by 2022 from USD 8.69 billion in 2017, at a CAGR of 4.9% during the forecast period.Download PDF (Please provide your specific interest in this report so as to help you better): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=145177203Market Segmentation in-Detailed:- On the basis of type, the market is segmented into sedimentation centrifuges and filtering centrifuges.
The filtering centrifuges segment is expected to register the highest CAGR over the forecast period.
Factors such as their efficiency in continuous operations and processing feed slurries with high solid concentration, coupled with their increasing application in the food processing industry, are expected to drive the market for filtering centrifuges.Based on design, industrial centrifuge market can be broadly classified into vertical and horizontal centrifuges.
The vertical centrifuges segment is expected to command the higher growth rate during the forecast period.
Growth in this segment can be attributed to factors such as the ability of these centrifuges to attain high speeds and high efficiency of separation.
