Press release
Separation Machinery Market Trend Forecast 2024 By Top Manufacturers Alfa Laval, GEA Group, Russell Finex, Schlumberger Limited, Parkson Corporation
Separation Machinery Market
The Separation Machinery Market is set to grow from its current market value of more than USD 84.9 billion to over USD 100 billion, as reported in the latest study.
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The Separation Machinery Market is projected to register a CAGR of 4% during the period 2018 -2024. The Separation Machinery Market report coverage is inclusive of various parameters such as the market size, regional growth opportunities, major vendors in the market, drivers and constraints, segmental analysis, as well as the competitive landscape.
Industrial processing segment is likely to generate higher demand for separation machinery for 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 particularly in industrial processing. Moreover, 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 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.
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.
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Top Companies
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
Split by product type, the market has been divided into
1. Industrial Centrifuges,
2. Magnetic Separators,
3. Membrane Separators,
4. Stage Separators,
5. Industrial Strainers & Sieves,
6. Evaporators
The report includes a lot of details pertaining to the production, growth rate of each segment, remuneration, price, as well as segmental market share.
Split by application, the market is divided into
1. Life Sciences,
2. Water & Wastewater,
3. Transportation,
4. HVAC & Environmental,
5. Industrial Processing
This report contains detailed information pertaining to the consumption of the product as well as market share of the application, alongside the growth rate of every application segment.
The regional segmentation covers
o North America,
o Europe,
o Asia Pacific,
o Latin America (LATAM),
o Middle East
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