The industrial centrifuge market has shown strong growth, advancing from $9.24 billion in 2023 to $9.77 billion in 2024, with a CAGR of 5.7%. This increase is due to industrialization, regulatory standards, and operational efficiency. The market is expected to reach $12.39 billion by 2028, with a CAGR of 6.1%. Growth drivers include the biopharmaceutical sector, renewable energy, and sustainable practices. Major trends are Industry 4.0 technologies, digitalization, and energy efficiency.
Major Driver In The Industrial Centrifuge Market
The industrial centrifuge market is witnessing growth, propelled by the increasing demand for water treatment. The global need for water resources, driven by municipal, agricultural, and industrial activities, has intensified the demand for water and wastewater treatment. Increased awareness of water conservation through wastewater treatment processes has led to a surge in demand for machines like industrial centrifuges, which efficiently remove water content from sludge. Saudi Arabia's announcement of over 60 water projects worth $9.33 billion in March 2022 further emphasizes the importance of water treatment on a global scale. This growing demand for water treatment is expected to drive the industrial centrifuge market's growth in the years to come, with anticipated expansion in 2023, 2024, and 2028.
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Industrial Centrifuge Market Competitive Landscape
Schlumberger Limited, ANDRITZ AG, GEA Group AG, Alfa Laval Corporate AB, FLSmidth & Co. A/S, SPX Flow Inc., Mitsubishi Kakoki Kaisha Ltd., Flottweg SE, Ferrum AG, Pieralisi North America Inc., Elgin Separation Solutions Industrials LLC, Acutronic Inc., Dedert Corporation, TEMA Systems Inc., Rousselet Robatel Inc., Broadbent Stanley Ltd., SIEBTECHNIK TEMA, Sanborn Technologies, Thomas Broadbent & Sons, HEINKEL Drying & Separation Group, Gruppo Pieralisi - MAIP S.p.A., Hiller Separation & Process GmbH, Centrisys Corporation, Centrifuges Unlimited Inc., CentraSep Technologies Inc., HAUS Centrifuge Technologies, Comi Polaris Systems Inc., US Centrifuge Systems, Western States Machine Company, Pennwalt Limited
Key Industrial Centrifuge Market Trend
Product innovations are a key trend gaining popularity in the industrial centrifuge market. Companies in the industrial centrifuge market are developing and launching new products to increase brand awareness, create demand for their products and increase their market share. New product launches help players in expanding their product portfolio, acquire new customers, and enhancing their market presence. For instance, in April 2021, Eppendorf, a German leading life science company, launched a new multipurpose centrifuge named Centrifuge 5910 Ri. The new centrifuge is designed to increase efficiency in the laboratory and provides scientists with advanced features to simplify and accelerate the centrifugation steps of their workflow.
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Industrial Centrifuge Market Segmentation
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
By Geography:The regions covered in the industrial centrifuge market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the industrial centrifuge market in 2023.
The Industrial Centrifuge Global Market Report 2024 furnishes information about the global industrial centrifuge market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
