The most recent study conducted by Report Ocean, titled “Global Industrial Centrifuge Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Industrial Centrifuge. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Industrial Centrifuge Market is valued approximately at USD 6.90 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2020-2027. Industrial centrifuges are used for fluid/particle separation. It has various applications including Chemical processing, in Pharmaceutical and Biotechnology industries, in Fuel and Biofuel industries and others. Increase of chemical industry due to industrial centrifuge usage in raw products, such as acids, salts, oil refinery by-products, is a driving factor for the growth of the market.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
For instance, according to Statista report, in 2019, the chemical industry’s total worldwide revenue stood at some USD 3.94 trillion and the revenues reached a record high in 2014, at a total of 5.4 trillion U.S. dollars globally. Therefore, this factor may strengthen the adoption for industrial centrifuge market across the globe. Moreover, increase in fertilizer production is leading to growth of food producers trying to match the needs and wants of the expanding population is leading to rise of demand of industrial centrifuge market. are However, industrial centrifuge being high-cost equipment is one of the factors that restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Industrial Centrifuge market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to a large number of oil and gas drilling activities, and high demand for crude oil . Whereas Europe is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, owing to technological advancements.
Major market player included in this report are:
Ammann Group
Lintec Corporation
Wirtgen Group
Astec Industries INc
Nikko Co Ltd
Sany Group
Tietuo Machinery
XRMC Limited
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Sedimentation Centrifuge
Filtering Centrifuge
By Mode of Operation:
Batch centrifuge
Continuous centrifuge
By Design:
Horizontal centrifuge
Vertical centrifuge
By end User:
Chemical Industry
Food and Beverages Industry
Metal Processing Industry
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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