The Global Industrial Centrifuges Market in terms of revenue was estimated to be worth $7.2 billion in 2020 and is poised to reach $9.0 billion by 2025, growing at a CAGR of 4.4% from 2020 to 2025. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.
The increasing demand for centrifuges in process industries and the rising need for wastewater management solutions are the major factors driving the growth of this market. However, the high cost of centrifuges is expected to restrain the market growth during the forecast period.
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Key Market Players
Some of the key players include ANDRITZ AG (Austria), Alfa Laval Corporate AB (Sweden), GEA Group AG (Germany), Mitsubishi Kakoki Kaisha, Ltd. (Japan), Thomas Broadbent & Sons (UK), FLSmidth & Co. A/S (Denmark), Schlumberger Limited (US), Ferrum AG (Switzerland), Flottweg SE (Germany), SIEBTECHNIK TEMA (Germany), HEINKEL Drying & Separation Group (Germany), Gruppo Pieralisi – MAIP S.p.A. (Italy), SPX Flow Inc. (US), HAUS Centrifuge Technologies (Turkey), Elgin Separation Solutions (US), Comi Polaris Systems, Inc. (US), Dedert Corporation (US), US Centrifuge Systems (US), B&P Littleford (US), and Pneumatic Scale Angelus (US).
Drivers: Increasing demand for centrifuge from process industries
Industrial centrifuges are used for the separation of two- or three-phase systems and have a range of industrial applications. Many process industries are increasingly using various types of centrifuge equipment for the separation of two or three immiscible phases. Some of these industries include chemical processing, food processing(including dairy and beverage industry), metal processing, mining and mineral processing, pharmaceutical and biotechnology industries, fuel and biofuel industries, wastewater processing, and pulp and paper industries.
Restraints: High cost of industrial centrifuge
The high cost of industrial centrifuges is a major factor restraining market growth, especially in developing countries. Industrial centrifuges are high-cost equipment, and the procedures involving the use of such equipment are generally expensive. This is mainly due to the requirement of special foundations to absorb vibrations, coupled with the high manufacturing and maintenance costs associated with parts rotating at high speeds. Moreover, centrifuges are not a one-size-fits-all type of equipment, and almost every centrifuge is manufactured by the OEM for a specific application depending on end-user requirements.
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Sedimentation centrifuges to dominated the industrial centrifuge market in 2019
On the basis of type, the industrial centrifuge market is segmented into sedimentation centrifuges and filtering centrifuges. In 2019, the sedimentation centrifuge segment accounted for the largest share of the industrial centrifuge market. The wide range of industrial applications, the ability to achieve high speeds, increase in oil and gas explorations, and the rising need for wastewater treatment are the major factors contributing to the growth of this segment.
Clarifier segment accounted for the largest share of the sedimentation centrifuge market, by type, in 2019
On the basis of type, the sedimentation centrifuge market is segmented into clarifiers/thickeners, decanter centrifuges, disk stack centrifuges, hydrocyclones, and other sedimentation centrifuges. In 2019, the clarifier/thickener segment accounted for the largest share of the sedimentation centrifuges market. These centrifuges are used in a number of industries, including wastewater treatment, mining, power, beverages, food processing, pharmaceuticals and biotechnology, and chemicals.
North America is the largest regional market for industrial centrifuge in 2019
In 2019, North America accounted for the largest share of the industrial centrifuge 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 industrial centrifuge market in North America.
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Recent Development:
- In 2017, FLSmidth and the University of Denmark extended their partnership for a four-year period to discover additional ways of working together in the global cement and mining industries.
- In 2020, GEA launched GEA sludge Decanter pro line
- In 2019, Alfa Laval launched ALDEC G3 VecFlow decanter
