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Industrial Centrifuges Market Estimated to Record Highest CAGR by 2024

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Pavan Ishi

Industrial Centrifuges Market: Introduction

  • Centrifuges can be defined as machines, which employ centrifugal force for the separation of substances of different densities, aid in removing moisture, and stimulate gravitational effects. Industrial centrifuges are employed for the separation of solids from liquids, liquid-liquid separation, and liquid-liquid-solid separation.
  • The major types of industrial centrifuges are filtering centrifuges and sedimentation centrifuges. Filtering centrifuges employ centrifugal force for passing a liquid through a filtration media such as cloth or screen, during which the solids are captured by the filtering media. Sedimentation centrifuges include disk-stack, decanter, tubular bowl centrifuges, and solid-bowl basket.

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Key Drivers and Restraints of Global Industrial Centrifuges Market

  • Growth of the global industrial centrifuges market can be attributed to increase in demand for water treatment. Demand for efficient processing of sludge and wastewater is rising due to stringent regulations governing the discharge from industrial plants.
  • Industrial centrifuges are employed for the separation of three phase systems and have a range of applications, including chemical processing, food processing, mining & mineral processing, fuel & biofuel industries, wastewater processing, and pulp & paper industries. This rise in applications of industrial centrifuges contributes to the growth of the global market.

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  • Vertical centrifuges have been gaining traction owing to their efficiency in separation and ability to attain high speeds
  • However, high cost of industrial centrifuges and expensive procedures involving the use of these equipment are projected to restrain the global industrial centrifuges market. Furthermore, centrifuges are not manufactured as “one-size-fits all” and every centrifuge is manufactured specific to the end-user requirements and application.

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North America to Lead Global Industrial Centrifuges Market

  • In terms of region, the global industrial centrifuges market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global industrial centrifuges market in 2019, owing to high demand for crude oil, significant number of oil drilling activities, technological advancements, government initiatives for wastewater management, and the growing food industry
  • Europe was a vital market for industrial centrifuges in 2019. The market in the region is driven by increase in range of applications of industrial centrifuges and strong growth of the pharmaceutical and biotechnology industry.
  • Asia Pacific is expected to be the fastest growing market for industrial centrifuges from 2020 to 2030, followed by Latin America and Middle East & Africa. Increase in emphasis of governments of countries in Asia on enhancing health care facilities, rise in focus of market players on Asia Pacific to leverage growth opportunities, and growth of the food processing and biotechnology industries drive the industrial centrifuges market in the region.

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Key Players Operating in Global Industrial Centrifuges Market

Market players focus on expanding their presence in the global industrial centrifuges market by adopting an inorganic growth strategy.

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