Selbyville, Delaware, Jan. 28, 2021 (GLOBE NEWSWIRE) -- As per the report, worldwide industrial centrifuge market sphere is segmented based on type, mode of operation, design gamut, and end-user landscape. Individual contributions of each segments along with the factors influencing the segmental growth are entailed in the document. Further, regional industry insights are provided, enabling investors to make informed decisions for expansion.
According to the reliable estimates, worldwide industrial centrifuge market was appraised at USD 6.9 billion in 2019 and is predicted to grow with a CAGR of 4.4% over 2020-2027. The growth is ascribed to flourishing chemical sector, where the equipment is used for oil refinery by-products, and raw materials like acids, and salts. As per Statista, global chemical industry was appraised at USD 3.94 trillion in 2019.
Notably, industrial centrifuge is employed for separating fluid/particles. The equipment finds application across fuel & biofuel, pharmaceutical & biotechnology, as well as chemical processing industries. This factor, alongside burgeoning population worldwide leading to surge in food demand, thereby impelling the fertilizer production, are stimulating global industrial centrifuge market outlook.
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However, high cost of equipment, in consort with need for technical expertise are poised to arrest the industry growth to some extent over 2020-2027.
Outlining market segmentations:
As per type, the industry is classified into filtering centrifuge, and sedimentation centrifuge. Moving on to mode of operation, global industrial centrifuge market is categorized into continuous centrifuge, and batch centrifuge.
Based on design, the market is divided into vertical centrifuge, and horizontal centrifuge. Also, different end-users in the business landscape are metal processing industry, food & beverages industry, and chemical industry.
Highlighting regional ambit:
Industry experts claim that North America led the global industrial centrifuge market forecast in the past years, owing to high demand for crude oil, and subsequent rise in oil & gas drilling activities.
Meanwhile, Europe industrial centrifuge market size is projected to surge momentously through 2027, on account of technological advancements, and their swift adoption.
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Global Industrial Centrifuge Market by Type (Revenue, USD Billion, 2017-2027)
- Filtering Centrifuge
- Sedimentation Centrifuge
Global Industrial Centrifuge Market by Mode of Operation (Revenue, USD Billion, 2017-2027)
- Continuous Centrifuge
- Batch Centrifuge
Global Industrial Centrifuge Market by Design (Revenue, USD Billion, 2017-2027)
- Vertical Centrifuge
- Horizontal Centrifuge
Global Industrial Centrifuge Market End-user Spectrum (Revenue, USD Billion, 2017-2027)
- Metal Processing Industry
- Food & Beverage Industry
- Chemical Industry
Global Industrial Centrifuge Market Regional Landscape (Revenue, USD Billion, 2017-2027)
North America
- United States
- Canada
Asia Pacific
- Australia
- South Korea
- India
- China
- Japan
- Rest of APAC
Europe
- Italy
- Spain
- Germany
- France
- United Kingdom
- Rest of Europe
Latin America
- Brazil
- Mexico
Remaining World
Global Industrial Centrifuge Market Competitive Ambit (Revenue, USD Billion, 2017-2027)
- Flottweg SE
- Ferrum AG
- Schlumberger Limited
- FLSmidth & Co. A/S
- Thomas Broadbent & Sons Ltd.
- Mitsubishi Kakoki Kaisha Ltd.
- GEA Group AG
- Alfa Laval Corporate AB
- Andritz AG
- Siebtechnik Tema Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Industrial Centrifuge Market, by Region, 2018-2027 (USD Billion)
1.2.2. Industrial Centrifuge Market, by Capacity, 2018-2027 (USD Billion)
1.2.3. Industrial Centrifuge Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Industrial Centrifuge Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Industrial Centrifuge Market Dynamics
3.1. Industrial Centrifuge Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Industrial Centrifuge Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Industrial Centrifuge Market, by Type
5.1. Market Snapshot
5.2. Global Industrial Centrifuge Market by Type, Performance - Potential Analysis
5.3. Global Industrial Centrifuge Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Industrial Centrifuge Market, Sub Segment Analysis
5.4.1. Sedimentation Centrifuge
5.4.2. Filtering Centrifuge
Chapter 6. Global Industrial Centrifuge Market, by mode of operation
6.1. Market Snapshot
6.2. Global Industrial Centrifuge Market by mode of operation , Performance - Potential Analysis
6.3. Global Industrial Centrifuge Market Estimates & Forecasts by mode of operation 2017-2027 (USD Billion)
6.4. Industrial Centrifuge Market, Sub Segment Analysis
6.4.1. Batch centrifuge
6.4.2. Continuous centrifuge
Chapter 7. Global Industrial Centrifuge Market, by design
7.1. Market Snapshot
7.2. Global Industrial Centrifuge Market by design, Performance - Potential Analysis
7.3. Global Industrial Centrifuge Market Estimates & Forecasts by design 2017-2027 (USD Billion)
7.4. Industrial Centrifuge Market, Sub Segment Analysis
7.4.1. Horizontal centrifuge
7.4.2. Vertical centrifuge
Chapter 8. Global Industrial Centrifuge Market, by end user
8.1. Market Snapshot
8.2. Global Industrial Centrifuge Market by end user, Performance - Potential Analysis
8.3. Global Industrial Centrifuge Market Estimates & Forecasts by end user 2017-2027 (USD Billion)
8.4. Industrial Centrifuge Market, Sub Segment Analysis
8.4.1. Chemical Industry
8.4.2. Food and Beverages Industry
8.4.3. Metal Processing Industry
Chapter 9. Global Industrial Centrifuge Market, Regional Analysis
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