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
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