Global Industrial Centrifuges Market growing at a CAGR of 4.9% during the forecast period | Research Cosmos
Global Industrial Centrifuges Market Analysis and Forecast to 2022 | Growth Opportunity Assessment
(EMAILWIRE.COM, April 03, 2018 ) The global industrial centrifuges market is projected to reach USD 11.06 Billion by 2022 from USD 8.69 Billion in 2017, at a CAGR of 4.9%. The increasing demand for centrifuges in process industries, rising need for wastewater management solutions, and technological advancements in centrifuge systems are the major factors driving the growth of this market. On the other hand, high cost of centrifuges and slow replacement of equipment due to longer life span are restraining the growth of this market.
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This report segments the global industrial centrifuges market into type, mode of operation, design, end user, and region. On the basis of type, the market is segmented into sedimentation centrifuges and filtering centrifuges. The filtering centrifuges segment is expected to register the highest CAGR during the forecast period. Factors such as their efficiency in continuous operations and processing feed slurries with high solid concentration coupled with their increasing application in the chemicals, pharmaceuticals and biotechnology, and food processing industry are expected to drive the market for filtering centrifuges.
Based on end user, the market is segmented into is segmented into the chemical industry, food and beverage industry, metal industry, mining industry, pharmaceutical and biotechnology industries, power industry, pulp, and paper industry, wastewater treatment plants, and water purification plants. In 2017, the wastewater treatment plants segment is expected to register the CAGR during the forecast period. The high growth rate of this segment can primarily be attributed to factors like increasing population levels, environmental degradation, economic development (resulting in rapid urbanization and industrialization), increasing government spending on water utilities and wastewater treatment, and stringent regulations on wastewater discharge.
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Geographically, the market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2017, North America is expected to account for the largest share of the industrial centrifuges 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 market in North America.
Some prominent players in the market that are profiled in the report are Andritz, Alfa Laval, GEA Group, Mitsubishi Kakoki Kaisha, Thomas Broadbent, FLSmidth, Schlumberger, Hiller, Ferrum, TEMA, HEINKEL, Gruppo Pieralisi, SPX Flow, and HAUS Centrifuge Technologies.
These companies are focusing on strategies such as product launches, expansions, agreements, collaborations, and acquisitions to increase their offerings in the market and cater to the increasing demand for industrial centrifuges.
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About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Explore More Information about report @ https://www.researchcosmos.com/reports/global-industrial-centrifuges-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/6065225
This report segments the global industrial centrifuges market into type, mode of operation, design, end user, and region. On the basis of type, the market is segmented into sedimentation centrifuges and filtering centrifuges. The filtering centrifuges segment is expected to register the highest CAGR during the forecast period. Factors such as their efficiency in continuous operations and processing feed slurries with high solid concentration coupled with their increasing application in the chemicals, pharmaceuticals and biotechnology, and food processing industry are expected to drive the market for filtering centrifuges.
Based on end user, the market is segmented into is segmented into the chemical industry, food and beverage industry, metal industry, mining industry, pharmaceutical and biotechnology industries, power industry, pulp, and paper industry, wastewater treatment plants, and water purification plants. In 2017, the wastewater treatment plants segment is expected to register the CAGR during the forecast period. The high growth rate of this segment can primarily be attributed to factors like increasing population levels, environmental degradation, economic development (resulting in rapid urbanization and industrialization), increasing government spending on water utilities and wastewater treatment, and stringent regulations on wastewater discharge.
Request free sample @ https://www.researchcosmos.com/request/6065225
Geographically, the market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2017, North America is expected to account for the largest share of the industrial centrifuges 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 market in North America.
Some prominent players in the market that are profiled in the report are Andritz, Alfa Laval, GEA Group, Mitsubishi Kakoki Kaisha, Thomas Broadbent, FLSmidth, Schlumberger, Hiller, Ferrum, TEMA, HEINKEL, Gruppo Pieralisi, SPX Flow, and HAUS Centrifuge Technologies.
These companies are focusing on strategies such as product launches, expansions, agreements, collaborations, and acquisitions to increase their offerings in the market and cater to the increasing demand for industrial centrifuges.
Check for Discount @ https://www.researchcosmos.com/discount/6065225
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
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Research Cosmos
Dani Rodriguez
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results