The Industrial Centrifuge Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Centrifuge Global
Market Report 2024, The industrial centrifuge market size has grown strongly in
recent years. It will grow from $9.24 billion in 2023 to $9.77 billion in 2024
at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic
period can be attributed to increasing industrialization, stringent regulatory
standards, rising demand in key end-use industries, global economic expansion,
focus on operational efficiency.
The industrial centrifuge market size is expected to see strong growth in the
next few years. It will grow to $12.39 billion in 2028 at a compound annual
growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed
to growing biopharmaceutical sector, emergence of renewable energy,
advancements in material sciences, globalization of the chemical industry,
increased focus on sustainable practices. Major trends in the forecast period
include adoption of industry 4.0 technologies, technological advancements,
digitalization and industry 4.0 integration, customization and modular
solution, focus on energy efficiency.
The increase in demand for water treatment is propelling the growth of the
industrial centrifuge market. Water and wastewater treatment are required by
humanity to meet the growing demand for water resources, not just for municipal
and agricultural reasons, but also for important industrial activities. The
increase in demand for water treatment is due to the increasing awareness of
minimizing wastage of water through the wastewater treatment process, which
needs machines such as industrial centrifuges that help in removing the water
content from sludge by rotating it at a high speed. For instance, in March
2022, Saudi Arabia announced more than 60 water projects, worth SAR35 billion
($9.33 billion), which will cement Saudi Arabia's position as the largest water
desalination market. Therefore, the increase in demand for water treatment is
expected to drive the growth of the industrial centrifuge market.
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The industrial centrifuge market covered in this report is segmented –
1) By Type: Sedimentation Centrifuge, Filtering Centrifuge
2) By Mode Of Operation: Batch Centrifuge, Continuous Centrifuge
3) By Design: Horizontal Centrifuge, Vertical Centrifuge
4) By End User: Chemical Industry, Food And Beverages Industry, Metal
Processing Industry, Mining Industry, Pharmaceuticals And Biotechnology
Industry, Power Industry, Pulp And Paper Industry, Wastewater Treatment Plants,
Water Purification Plants
Major companies operating in the industrial centrifuge market are focusing on
technology advancement such as pusher centrifuge technology to enhance
separation efficiency and overall performance. Pusher centrifuge technology
involves continuous solid-liquid separation using a rotating basket and pusher
mechanism, facilitating efficient and automated industrial processes. For
instance, in March 2021, ANDRITZ, an Austria-based technology company, launched
ecoOne, a novel pusher centrifuge leveraging Krauss-Maffei's proven technology,
featuring a robust single motor that serves multiple functions. This technology
enables the use of reserve capacity for accelerating the basket during startup
and pushing during stationary operation. The ecoOne pusher centrifuge incorporates
innovative ANDRITZ technologies such as GentleFeeder for wear reduction,
integrated thickening with PreFiltration technology, and ANDRITZ cartridge
technology to minimize downtime.
The industrial centrifuge market report table of contents includes:
1. Executive Summary
2.
Industrial Centrifuge Market Characteristics
3.
Industrial Centrifuge Market Trends And Strategies
4.
Industrial Centrifuge Market - Macro Economic Scenario
5. Global
Industrial Centrifuge Market Size and Growth
.
32. Global Industrial Centrifuge Market Competitive Benchmarking
33. Global
Industrial Centrifuge Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Industrial Centrifuge Market
35.
Industrial Centrifuge Market Future Outlook and Potential Analysis
36.
Appendix
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