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Industrial Centrifuges Market by Type, Operation, Design, End User And Region - Global Forecast to 2022

Industrial Centrifuges Market: Global Forecast until 2022

  • September 2017
  • 250 pages
  • ID: 5134421
In this report:
According to the Canadian Association of Petroleum Producers (CAPP), the production of oil in Canada is expected to increase by approximately ##% to reach ##.## million barrels per day by 2030 from ##.## million barrels per day in 2014.
According to the European Commission, in 2012, offshore oil production in the EU amounted to approximately ## million tons, representing ~##% of the gross petroleum products consumption.

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"Industrial centrifuges market is expected to record a CAGR (Compound annual growth rate) of 4.90 percent between 2017 and 2022"

The overall industrial centrifuges market is estimated to grow ~$11.1B by 2022 from ~$8.7B in 2017, at a compound annual growth rate (CAGR) of 4.90 percent. The growing demand for centrifuges in process sectors, increasing need for wastewater management solutions, and technological improvements in centrifuge systems are the main factors driving the increase of this market. Nevertheless, the high cost of centrifuges and slow replacement of equipment due to longer life span is anticipated to restrain industry growth during the outlook period.

"The filtering centrifuges segment is expected register the more considerable Compound annual growth rate during the estimate period"

Established on category, the Industrial centrifuge market is broken down into sedimentation centrifuges and filtering centrifuges. In 2017, the filtering centrifuges segment is anticipated to witness the top compound annual growth rate during the outlook period. Some of the main factors such as the high separation efficiency of these equipment in continuous operations and processing of feed slurries with high solid concentration, and their rising application in the chemicals, pharmaceuticals and biotechnology, and food processing market are forecast to steer the increase of this segment.

"The power industry segment to lead the overall industrial centrifuges market in 2017"

In 2017, the power plants segment is intended to account for the most important share of the industrial centrifuge market. Significant number of oil and gas exploration activities owing to high energy needs globally, establishment of new power plants to cater to the increasing energy needs in developing countries, and upgrading of existing power plants to make them more efficient and reliable are some of the factors responsible for the important share of this market.

"North America (NA) to lead the sector and Asia to witness high rise during the estimate period"

In 2017, North America continent is forecasted to account for the biggest share of the industrial centrifuges market, succeeded by EU. The large demand for crude oil, a big number of shale oil and gas drilling activities, government actions to manage wastewater, flourishing food processing sector, technological improvements, and government support for the development of innovative centrifugation systems are the top factors driving the increase of the industrial centrifuges market in North America (NA). The industry in Asia continent, on the other hand, is expected to register the highest compound annual growth rate (CAGR) during the outlook period. Emerging Asian economies including India and China (CN) offer lucrative increase opportunities for market actors, primarily due to the quick urbanization and industrialization, improving healthcare infrastructure, fast economic increase, and growing standard of living.

The primary interviews conducted for this business report can be categorized as follows:

• By Company category: Tier 1 - 32.0 percent; Tier 2 - 44.0 percent; Tier 3 - 24%.

• By Description : C-level- 26.0 percent; D-level- 28.0 percent; others- 46%.

• By Area: North America continent - 47.0 percent; Europe (EU) - 33.0 percent; Asia area - 13.0 percent; RoW - 7%.

Segment Research

The industry report offers an overview of the overall industrial centrifuge market. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including type, mode of operation, design, end-user, and area. The study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them with the best approximations of the revenue data for the global overall industrial centrifuges market and its sub-segments. This industry report will facilitate partners to comprehend the competitor overview better and acquire business insights to position their businesses better and make suitable go-to-market approaches. The market research also will help the partners comprehend the pulse of the sector and offer them with info concerning main market drivers, market restraints, opportunities, and alternatives.

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