Industrial Centrifuge Market to Reach USD 10 Billion by 2020 at a CAGR of 5% - Increasing Demand for Centrifuges in Process Industries - Research and Markets

Apr 28, 2016, 14:20 ET from Research and Markets

DUBLIN, April 28, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Industrial Centrifuges Market - Global Forecasts to 2020" report to their offering. 

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The industrial centrifuge market size, in terms of value, is expected to reach USD 10 Billion by 2020 from USD 7.5 Billion in 2015 at a CAGR of 5%.

Factors such as the increasing demand for centrifuges in process industries, rising need for wastewater management solutions, and technological advancements in centrifuge systems are driving market growth. On the other hand, the high installation, operating, and maintenance cost of industrial centrifuge may restrict market growth. 

In 2015, North America is expected to dominate the market. The high market share of this region is attributed to the rising demand for oil in the region, increasing shale oil and gas drilling activities, government initiatives to manage wastewater, flourishing food-processing industry, technological advancements, and government support for the development of innovative centrifugation systems. 

The industrial centrifuges market, by type, is categorized into sedimentation and filtering centrifuges. The sedimentation segment accounted for highest share of the total market in 2015. These centrifuges can achieve high speeds, process larger volumes, and provide continuous processing. Moreover, these centrifuges have major applications in the oil and gas industry and wastewater treatment plants, which are major end-user segments in the market. These are the major factors responsible for the large share of sedimentation centrifuges in the market. 

Key Topics Covered: 

1 Introduction 

2 Research Methodology 

3 Executive Summary 

4 Premium Insights 

5 Market Overview 

6 Regulatory Standards for Industrial Centrifuges 

7 Industrial Centrifuge Market, By Type 

8 Industrial Centrifuge Market, By Mode of Operation 

9 Industrial Centrifuge Market, By Design 

10 Industrial Centrifuge Market, By End User 

11 Industrial Centrifuge Market, By Region 

12 Competitive Landscape 

13 Company Profiles

Companies Mentioned: 

  • Alfa Laval AB
  • Andritz
  • Ferrum AG
  • Flottweg Separation Technology
  • Flsmidth & Co. A/S
  • Hiller GmbH
  • MI Swaco (A Schlumberger Company)
  • Tema Systems, Inc. (A Subsidiary of Siebtechnik GmbH)
  • Thomas Broadbent & Sons, Ltd.
  • Westfalia Separator Group GmbH

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SOURCE Research and Markets