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Separation Machinery Market Growth Forecast and Regional Trends to 2024 - Alfa Laval, ANDRITZ, Russell Finex, SWECO, GEA Group

03-20-2020 12:46 PM CET | Industry, Real Estate & Construction

Press release from: DEC Research

Separation Machinery Market

Separation Machinery Market

Chemical manufacturing companies use separation equipment to treat wastewater and optimize energy usage thus encouraging to focus on sustainable development. Few chemical companies are largely investing in innovative solutions which is positively influencing the separation machinery market. For instance, Kanoria Chemicals & Industries Limited (KCI) established waste to wealth program at its plant located in India with the objective to recover chemically effluent water.

Separation Machinery Market will surpass USD 100 billion by 2024; according to a new research report.

Request for a sample copy of this report @
https://www.decresearch.com/request-sample/detail/2715

Oil & gas industry plays vital role in the global energy system. Over 31% of primary energy used worldwide is met by oil-based fuels. Thus, oil & gas industry will have demand for separation equipment to separate, remove, or transform these various components such as salt; gases and solids to produce hydrocarbons for fuels. Rising demand for oil-based fuel will propel separation machinery market over the forecast period.

The separation machinery is selected according to the nature of mixture. Separation is chiefly based on the size of particles carried by the fluid. Few other considerations for separation include density, particle, viscosity, flow rate and concentration. Product separation is crucial step in chemical production, it involves separation of impurities from chemical compounds or separating various chemical compounds from each other.

Market growth Drivers: --

1. Positive outlook from North America oil & gas industry
2. Strong potential in Asia Pacific food & beverage sector
3. Rising concerns over wastewater treatment on the global scale

The leading global companies of separation machinery market include: --

Alfa Laval Corporate AB, ANDRITZ, GEA Group, SWECO, Russell Finex, Mitsubishi Kakoki Kaisha, Ltd., ACS Manufacturing, Inc., CECO Environmental, Gruppo Pieralisi - PIERALISI MAIP S.p.A., Ferrum AG, Rotex, Schlumberger Limited., Hiller Separation & Process, Parkson Corporation, Forsberg's, Inc, Industriefabrik Schneider GmbH

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https://www.decresearch.com/inquiry-before-buying/2715

In 2017, North America held maximum market share in global separation machinery market, the region has been witnessing tremendous growth over the years owing to high demand for hydrocarbons. Further, Asia Pacific is likely to propel with a CAGR of 4.5% owing to industrial revolution and social economic factors.

Separation Machinery Market, By Application:
1. Life Sciences
2. Water & Wastewater
3. Transportation
4. HVAC & Environmental
5. Industrial Processing
6. Others

Industrial processing segment held close to 25% market share in 2017 and is likely to witness growth on account of growing oil consumption per year. For instance, in India oil consumption have been growing by 4.1% per year according to Indian Chamber of Commerce. Water & wastewater segment has been witnessing significant growth in recent years with a strengthening government support for cleaner water consumption.

the significant profitability from past few years. According to ICCA (The International Council of Chemical Associations) in 2012 the global chemical industry turnover was over USD 3492.90 billion. Further according to a report by government of India, the chemical export from India had increased from 9.3% in 2003-2008 to 10.6% in 2015-16. Such trend reflects strong growth aspects for Separation Machinery Market particularly in industrial processing.

About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

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