Industrial Centrifuges Market Worth 10 Billion USD by 2020
PUNE, India, April 19, 2016 /PRNewswire/ --
According to a new market research report "Industrial Centrifuges Market by Product (Sedimentation - Decanter/Disc Centrifuge, Filtering), Operation (Batch, Continuous), Design (Horizontal/Vertical), End User (Power, Food, Waste Water, Pharmaceutical, Metal, Paper) - Global Forecasts to 2020" published by MarketsandMarkets, The global market is expected to reach USD 10 Billion by 2020 from USD 7.5 Billion in 2015, at a CAGR of 5% during the forecast period.
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Browse 106 market data Tables and 47 Figures spread through 166 Pages and in-depth TOC on "Industrial Centrifuges Market"
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The report segments the Industrial Centrifuges Market based on 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 sedimentation centrifuges segment is expected to account for the largest share of the Industrial Centrifuges Market, by type, in 2015. Sedimentation centrifuges can achieve high speeds, process larger volumes, and provide continuous processing. Moreover, these centrifuges have major applications in the oil and gas industry and wastewater treatment plants, which are major end-user segments in the Industrial Centrifuges Market. These are the major factors responsible for the large share of sedimentation centrifuges in the market.
Among the modes of operation segments in the market, the batch centrifuges segment is expected to grow at the highest rate during the forecast period while the continuous centrifuges segment is estimated to account for the highest share. The demand and uptake of these centrifuges is high among end users owing to their advantages-high efficiency of separation, easy process standardization, and reduced cleaning time. These are some of the major factors responsible for driving market growth for continuous industrial centrifuges in the forecast period.
The increasing demand from process industries, rising need for wastewater management solutions, and technological advancements in industrial centrifuges are some factors propelling the growth of the Industrial Centrifuges Market. On the other hand, high installation, operating, and maintenance costs of industrial centrifuges may restrict market growth.
On the basis of region, the Industrial Centrifuges Market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is expected to account for the largest share of this market in 2015 and will continue to dominate the market during the forecast period. The Asian market is poised to grow at the highest CAGR, mainly due to increasing population, growing disposable incomes, rising energy needs, growing demand for wastewater treatment, flourishing food-processing industry, expanding pharmaceutical industry, and significant growth in the chemical industry in the region.
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The Industrial Centrifuges Market is highly fragmented and competitive, with several big as well as emerging market players. Key market players include Andritz AG (Austria), Alfa Laval AB (Sweden), GEA Westfalia Separator Group GmbH (Germany), Thomas Broadbent & Sons (U.K.), FLSmidth & Co. A/S (Denmark), MI Swaco (U.S.), Flottweg Separation Technology (Germany), Hiller GmbH (Germany), Ferrum AG (Switzerland), and TEMA Systems, Inc.
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