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Top Market Shifts Transforming the Industrial Centrifuge Market Landscape: Key Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Industrial Centrifuge Market Through 2025?
The size of the industrial centrifuge market has seen a significant increase in recent years. The market, worth $9.69 billion in 2024, is predicted to grow to $10.22 billion in 2025, marking a compound annual growth rate (CAGR) of 5.4%. This growth over the historical period can be attributed to factors such as increased industrialization, rigorous regulatory guidelines, growing demand in pivotal industries, worldwide economic growth, and an emphasis on operational efficacy.
What's the Projected Size of the Global Industrial Centrifuge Market by 2029?
It is predicted that the industrial centrifuge market will experience significant growth in the coming years, reaching a size of $13.23 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%. This projected increase over the forecast period is due to factors such as the expansion of the biopharmaceutical sector, the introduction of renewable energy sources, advancements in material sciences, the globalization of the chemical sector, and an enhanced emphasis on sustainable practices. The forecast period is expected to witness trends such as the incorporation of industry 4.0 technologies, technological progression, digital transformation, industry 4.0 assimilation, customization, modular solution and a heightened focus on energy efficiency.
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Top Growth Drivers in the Industrial Centrifuge Industry: What's Accelerating the Market?
The upswing in water treatment needs is accelerating the expansion of the industrial centrifuge market. The human race requires water and wastewater treatment to cater to the escalating demand for water supplies, which have importance not only for municipal and agricultural purposes but also for critical industry activities. This heightened demand for water treatment stems from the growing consciousness about water wastage alleviation via the wastewater treatment operation that necessitates equipment like industrial centrifuges. These machines aid in extracting the water element from sludge by spinning it rapidly. For example, Saudi Arabia, in March 2022, declared over 60 water schemes valued at SAR35 billion ($9.33 billion), which will solidify its stance as the biggest water desalination market. As such, the uptick in water treatment needs is projected to stimulate the industrial centrifuge market's development.
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What Trends Will Shape the Industrial Centrifuge Market Through 2029 and Beyond?
Leading enterprises in the industrial centrifuge market have been developing improved products like 3-liter refrigerated benchtop centrifuges to augment performance and usability for the customer. These compact lab devices, which are designed to spin samples at high velocities for segregation and cooling via refrigeration technology, are becoming more prevalent. As an illustration, Beckman Coulter Life Sciences, a US-based producer of biomedical testing equipment system, releases their product, Allegra V-15R, in March 2022. Allegra V-15R is an adaptable 3-liter refrigerated benchtop centrifuge designed to boost laboratory functions. With ten rotor configurations, the equipment can manage up to 50 programmable runs, making it fit for a variety of lab processes like cell and blood separation and high-throughput screening. Additionally, the Allegra V-15R's strong refrigeration system assures consistent temperature throughout each run, enabling users to undertake extended operations without risk of samples overheating.
What Are the Main Segments in the Industrial Centrifuge Market?
The industrial centrifuge market covered in this report is segmented -
1) By Type: Sedimentation Centrifuge, Filtering Centrifuge
2) By Mode Of Operation: Batch Centrifuge, Continuous Centrifuge
3) By Design: Horizontal Centrifuge, Vertical Centrifuge
4) By End User: Chemical Industry, Food And Beverages Industry, Metal Processing Industry, Mining Industry, Pharmaceuticals And Biotechnology Industry, Power Industry, Pulp And Paper Industry, Wastewater Treatment Plants, Water Purification Plants
Subsegments:
1) By Sedimentation Centrifuge: Continuous Sedimentation Centrifuge, Batch Sedimentation Centrifuge, Decanter Centrifuge
2) By Filtering Centrifuge: Basket Filtering Centrifuge, Peeler Centrifuge, Disc Stack Centrifuge
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Which Top Companies are Driving Growth in the Industrial Centrifuge Market?
Major companies operating in the industrial centrifuge market include Schlumberger Limited, ANDRITZ AG, GEA Group AG, Alfa Laval Corporate AB, FLSmidth & Co. A/S, SPX Flow Inc., Mitsubishi Kakoki Kaisha Ltd., Flottweg SE, Ferrum AG, Pieralisi North America Inc., Elgin Separation Solutions Industrials LLC, Dedert Corporation, TEMA Systems Inc., Rousselet Robatel Inc., Broadbent Stanley Ltd., SIEBTECHNIK TEMA, Sanborn Technologies, Thomas Broadbent & Sons, HEINKEL Drying & Separation Group, Gruppo Pieralisi - MAIP S.p.A., Hiller Separation & Process GmbH, Centrisys Corporation, Centrifuges Unlimited Inc., CentraSep Technologies Inc., HAUS Centrifuge Technologies, Comi Polaris Systems Inc., US Centrifuge Systems, Western States Machine Company
Which Regions Will Dominate the Industrial Centrifuge Market Through 2029?
North America was the largest region in the industrial centrifuge market in 2024. The regions covered in the industrial centrifuge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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