Industrial Centrifuges Market is expected to reach USD 11.64 billion by 2023
Added: (Wed Jun 26 2019)
Pressbox (Press Release) -
Market Overview:
Industrial Centrifuges market is anticipated to grow at 5.0% CAGR from 2018-2023 and it is estimated that the global market was valued at USD 9.12 billion in 2018 and is expected to reach USD 11.64 billion by 2023. A centrifuge is an equipment used to put a body in rotatory motion about a fixed axis. This process involves applying a potentially strong force perpendicular to the axis of spin (outward). The working principle of the centrifuge can be understood by the means of the sedimentation principle, where the centripetal acceleration causes the denser substances and particles to move outward in the radial direction. Moreover, objects that are relatively less dense are displaced and move to the center. In a laboratory centrifuge that uses sample tubes, the radial acceleration causes denser particles to settle down at the bottom of the tube, while low-density substances rise to the top. Industrial scale centrifuges are more often than not used in processing of waste into sediment suspended solids, or to separate immiscible liquids.
Market Drivers and Restraints:
The rise in the demand for centrifuges from process industries, rising need for wastewater management solutions, and technological advancements in centrifuges are the major factors driving the market growth. In addition, the centrifuges have important applications in the oil and gas industry and wastewater treatment plants, which are key end-user segments in the Industrial Centrifuges Market. These are the major factors responsible for the large share of sedimentation centrifuges in the market. On the other hand, the high cost of centrifuges is going to have a negative impact on the growth of the market.
To know more, click on the link below:
https://www.marketdataforecast.com/market-reports/industrial-centrifuges-market
Report segmented as
By Product Type:
Sedimentation - Decanter/Disc Centrifuge
Filtering
By Operation:
Batch
Continuous
By Design:
Horizontal
Vertical
By End User:
Power
Food
Waste Water
Pharmaceutical
Metal
Paper
Geographical Analysis:
On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Middle East and Africa. North America is anticipated to account for the largest share of this market and will continue to dominate the market during the coming years. Rising demand for oil, increasing 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 some of the factors driving the growth of the industrial centrifuges market in this region. The Asian market is expected register the highest CAGR, chiefly due to increase in the population, growth in the disposable incomes, the rise in the energy needs, growth in the demand for wastewater treatment, flourishing food-processing industry, expansion of pharmaceutical industry, and substantial growth of the chemical industry in the region.
Important Market Players:
The market is dominated by companies like Andritz AG, Alfa Laval AB, GEA Westfalia Separator Group GmbH, Thomas Broadbent & Sons, FLSmidth & Co. A/S MI Swaco, Flottweg Separation Technology, Hiller GmbH, Ferrum AG, Pieralisi Group and TEMA Systems, Inc.
View a sample and decide @ https://www.marketdataforecast.com/market-reports/industrial-centrifuges-market/request-sample
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: https://www.marketdataforecast.com/