Industrial Centrifuges Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Industrial Centrifuges Market: Introduction

• Centrifuges can be defined as machines, which employ centrifugal force for the separation of substances of different densities, aid in removing moisture, and stimulate gravitational effects. Industrial centrifuges are employed for the separation of solids from liquids, liquid-liquid separation, and liquid-liquid-solid separation.
• The major types of industrial centrifuges are filtering centrifuges and sedimentation centrifuges. Filtering centrifuges employ centrifugal force for passing a liquid through a filtration media such as cloth or screen, during which the solids are captured by the filtering media. Sedimentation centrifuges include disk-stack, decanter, tubular bowl centrifuges, and solid-bowl basket.

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Key Drivers and Restraints of Global Industrial Centrifuges Market

• Growth of the global industrial centrifuges market can be attributed to increase in demand for water treatment. Demand for efficient processing of sludge and wastewater is rising due to stringent regulations governing the discharge from industrial plants.
• Industrial centrifuges are employed for the separation of three phase systems and have a range of applications, including chemical processing, food processing, mining & mineral processing, fuel & biofuel industries, wastewater processing, and pulp & paper industries. This rise in applications of industrial centrifuges contributes to the growth of the global market.
• Vertical centrifuges have been gaining traction owing to their efficiency in separation and ability to attain high speeds
• However, high cost of industrial centrifuges and expensive procedures involving the use of these equipment are projected to restrain the global industrial centrifuges market. Furthermore, centrifuges are not manufactured as “one-size-fits all” and every centrifuge is manufactured specific to the end-user requirements and application.

North America to Lead Global Industrial Centrifuges Market

• In terms of region, the global industrial centrifuges market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• North America dominated the global industrial centrifuges market in 2019, owing to high demand for crude oil, significant number of oil drilling activities, technological advancements, government initiatives for wastewater management, and the growing food industry
• Europe was a vital market for industrial centrifuges in 2019. The market in the region is driven by increase in range of applications of industrial centrifuges and strong growth of the pharmaceutical and biotechnology industry.
• Asia Pacific is expected to be the fastest growing market for industrial centrifuges from 2020 to 2030, followed by Latin America and Middle East & Africa. Increase in emphasis of governments of countries in Asia on enhancing health care facilities, rise in focus of market players on Asia Pacific to leverage growth opportunities, and growth of the food processing and biotechnology industries drive the industrial centrifuges market in the region.

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Key Players Operating in Global Industrial Centrifuges Market

Market players focus on expanding their presence in the global industrial centrifuges market by adopting an inorganic growth strategy. Leading players in the global industrial centrifuges market are:

• ANDRITZ AG
• GEA Group AG
• FLSmidth & Co. A/S
• SPX Flow, Inc.
• HAUS Centrifuge Technologies
• Thomas Broadbent and Sons Ltd.
• Mitsubishi Kakoki Kaisha, Ltd.
• Elgin Separation Solutions
• Pneumatic Scale Angelus
• SIEBTECHNIK TEMA

Global Industrial Centrifuges Market: Research Scope

Global Industrial Centrifuges Market, by Type

• Sedimentation Centrifuge
• Filtration Centrifuge

Global Industrial Centrifuges Market, by Mode of Operation

• Batch Centrifuge
• Continuous Centrifuge

Global Industrial Centrifuges Market, by Design

• Horizontal Centrifuge
• Vertical Centrifuge

Global Industrial Centrifuges Market, by End-user

• Pharmaceutical & Biotechnology Industry
• Food & Beverage Industry
• Wastewater Treatment Plants
• Power Industry
• Pulp & Paper Industry
• Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.