Market Trends of Europe Industrial Centrifuge Industry
This section covers the major market trends shaping the Europe Industrial Centrifuge Market according to our research experts:
Water and Wastewater Treatment Expected to Witness Significant Growth
- The collection and treatment of wastewater are becoming a crucial issue in Europe for environmental protection, mainly the water bodies. Due to the initiatives taken on behalf of the European Union in the form of investments and blueprints for new facility projects, the urban waste-water treatment has improved up to a benchmark level in the region.
- There are three types of waste-water treatment plants, namely, primary treatment, biological treatment, and biological treatment with nitrogen and phosphorus removal. Many countries in the region have almost reached 100% sewage water treatment capability according to the UWWTD (Urban Waste Water Treatment Directive) regulations, like Austria, Denmark, and Luxembourg. The other countries have expanded their treatment facilities and approached the range of 90-100%of sewage treatment, like Slovakia, increasing the number to 93% with all types of treatment plants.
- Such milestones are the result of government initiatives for promoting the industry. In December 2021, the European Investment Bank earmarked around EUR 19.8 million to construct a new wastewater treatment plant and rehabilitate and extend the existing wastewater collection system in Mitrovica, Kosovo. It is the second investment on behalf of the entity after Gjilan.
- The European Union also focused on providing safe drinking water by setting up wastewater treatment plants. For example, in November 2020, the European Union approved the allocation of EUR 440 million for an upcoming wastewater treatment plant in Romania. The project will improve the water supply in six Romanian counties. It is expected to be in service by 2023.
- Such developments are expected to increase the adoption rate of industrial centrifuges in the wastewater treatment industry to a greater extent.
Understand The Key Trends Shaping This Market
Download Sample
Germany Expected to be the Fastest-growing Market
- Germany has witnessed a considerable expansion in the pharmaceuticals and food and beverage industries in the last two decades. Moreover, the country has a well-developed steel market for the manufacturing of industrial centrifuges.
- The pharmaceuticals industry has gone through evolving stages in the country, leading to a well-developed market. The market's revenue in Germany was recorded at EUR42 billion in 2020, the highest figure in entire Europe. Further, Germany is Europe's largest food producer. By turnover, France dominates the food and drinks industry. However, the highest growth rate is currently witnessed in Germany, mainly due to the changing food habits. Thus, new food processing facilities are planned in Germany to respond to these changing preferences.
- Two start-ups in Berlin are currently on a mission to establish a food factory in the city to produce animal-free cheese and fish products. Formo, the first company, will produce nature-identical cheese using microorganisms to produce real milk protein. Bluebiosciences, the second company, has taken the stake to develop a cell-based fish product. The factory will be in service by 2023.
- In 2021, the new German government introduced plans to avoid fat-based food production and promote plant-based products. It plans to approve innovations such as alternative protein sources and meat substitutes in the European Union. Such announcements are likely to give rise to more food processing facilities in the country, as per the food choices prescribed by the government.
- Such kinds of developments are expected to boost the industrial centrifuge market in the country in the future.
Get Analysis on Important Geographic Markets
Download Sample
