Europe Industrial Centrifuge Market Size

Europe Industrial Centrifuge Market Analysis

The European industrial centrifuge market is expected to register a CAGR of around 3.7% during the forecast period. The COVID-19 pandemic impacted the production of industrial machinery due to several issues, such as the rise in raw material costs and a lack of workforce to operate the machinery. According to Eurostat, the industrial production index for capital goods reduced from 100 to 60 in 2020, and the highest drop was recorded in the first wave of the pandemic. The European industrial centrifuge market is likely to grow in the future due to the increasing demand for waste-water treatment facilities in the region and the growth in pharmaceuticals and biotechnology industries. However, technological constraints like the noise level of centrifuges, which is extremely high even under normal operating conditions, are likely to impede the market's growth in the coming years.

• The water and waste-water treatment segment is expected to witness significant growth during the forecast period due to the government initiatives to promote the sector and save the environment.
• The accelerated growth in the European chemical industry creates ample opportunities for the industrial centrifuge market. Due to the continuous efforts to steer the industry, Europe is now the second-largest producer of chemicals globally, constituting around 17% of the global chemical sales. The industry is still on track and is expected to grow further in the coming years.
• Germany is likely to dominate the European industrial centrifuge market during the forecast period due to the fast-paced growth of industries like food and beverages and pharmaceuticals.