Industrial Centrifuge Market Size
| Study Period | 2019-2029 |
| Market Size (2024) | USD 7.43 Billion |
| Market Size (2029) | USD 9.30 Billion |
| CAGR (2024 - 2029) | 4.60 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Industrial Centrifuge Market Analysis
The Industrial Centrifuges Market size is estimated at USD 7.43 billion in 2024, and is expected to reach USD 9.30 billion by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).
Over the long term, the growing demand from the chemical industry is expected to stimulate the market growth of the industrial centrifuges market. Furthermore, increasing investments in the chemical and manufacturing industry are expected to drive the growth of the market studied.
On the other hand, high capital costs and technical drawbacks of centrifuges are expected to hamper the growth of the studied market during the forecast period.
Nevertheless, there is increased demand for energy-efficiency centrifuges in every step of the industrial process, with the growing trend that energy used is not only a cost but also a long-term environmental issue. Hence, depending on the energy sources and increased customer need for lower energy consumption, technical advancements in centrifuges are expected to create ample opportunities for the market players during the forecast period.
Asia-Pacific region is likely to dominate the market and is also likely to register the highest CAGR during the forecast period. This growth is attributed to the increasing investments, coupled with demands from the processed food industry, pharmaceutical sector, and wastewater treatment industries.
Industrial Centrifuge Market Trends
Chemical Industry to Dominate the Market
- Chemical separation technology plays a vital role in chemical engineering, and industrial centrifuge is the key for various separation technologies. In the chemical industry, the centrifuge has multiple applications in hydrometallurgy, plastic chemical fiber, refining biological products, isotope separation, etc. They are also used to prepare nanomaterials, desulfurize flue gas, and produce fertilizers and pesticides. Most of the raw materials and products utilized in chemical production are mixtures of components, which need to be separated and purified by using the difference in their properties in the system or by a separating agent.
- The removal of catalysts in the chemical process is an important step as they are often valuable recyclables, such as platinum, cobalt, and manganese. Catalysts are chemical substances that accelerate the reaction rate and do not change themselves. The explosion-proof nozzle-type centrifuges are special industrial centrifuges used to separate catalysts during the chemical process.
- With the rapid development of the chemical industry, the separation technology of chemical centrifuges has also achieved rapid development. For instance, in March 2023, GEA received an order from the chemical group Albemarle for the installation of centrifuges. The order value for the two centrifuge packages is approximately USD 25.55 million. The sedimentation, filtration, and centrifuges are going to be installed at the company’s Kemerton lithium hydroxide processing plant in Western Australia. Specifically, GEA is going to supply four different types of centrifuges: decanter centrifuges, screen screw centrifuges, pusher centrifuges, and peeler centrifuges, and for the processing lines of each refinery.
- The global chemical industry plays a significant role in the global economy and supply chain network. According to the American Chemistry Council, in 2022, the chemical industry’s total worldwide revenue stood at USD 5.72 trillion. That year, the chemical industry revenue reached the highest value of the last 15 years.
- Further, in February 2022, German firm BASF announced an investment of USD 22.9 billion in CAPEX from 2021 through 2025 to drive the organic growth of its chemical division. The company will spend around EUR 2 billion on growth projects, including the expansion of the Zhanjiang Verbund site and battery materials assets, and around EUR 2.6 billion to support its existing businesses. Owing to such investments, the demand for industrial centrifuges is expected to increase in the region during the forecast period.
- Owing to this factor, the demand for industrial centrifuges in the chemical sector is expected to increase in the region during the forecast period to meet the manufacturing and production quantities of chemicals.
Asia Pacific to Dominate the Market in Forecast Period
- Asia-Pacific is one of the fastest growing centrifuges markets, owing to the presence of China, which has one of the highest demands from the chemical and manufacturing industry, pharmaceutical sector, and wastewater treatment industries. Additionally, the demand for electricity is growing at a rapid rate in South Asian countries like India, Indonesia, Malaysia, etc, on account of a surge in population and industrial expansion.
- China is the second largest economy globally and one of the leaders in numerous power, pharmaceutical, chemical, manufacturing, food, and beverage industries. Due to these factors, China accounts for a significant share of the global industrial centrifuges market.
- In terms of GDP, China is the second-largest economy in the world. In 2022, the country’s GDP grew by about 0.8%, reaching USD 17.96 trillion. The growth in the country is gradually diminishing as the aging population, manufacturing to services, and external to internal demand, and the economy is rebalancing from investment to consumption.
- China also has one of the world's largest oil & gas refining capacities. In 2022, it had an oil refining capacity of about 17,259 thousand barrels per day, an increase from 2021. Further, the country has been constructing new refineries and upgrading and adding capacity to older ones. As of the end of 2021, nearly 1.8 million bpd of new refining capacity is under construction in China, most coming online in 2022-2023. Additionally, expansion and upgradation operations are ongoing at multiple Chinese refineries.
- Similarly, India is one of the largest markets for industrial centrifuges in the Asia-Pacific region, owing to the increasing development activities in various industries.
- Further, the steel industry is one of the major potential markets for the market studied in India. As of 2022, India was the world's second-largest producer of crude steel. In 2022, crude steel production stood at 125.3MT. The domestic availability of raw materials such as iron ore and cost-effective labor drove the growth in the Indian steel sector. Consequently, the steel sector has significantly contributed to India's manufacturing output. The Indian steel industry always strives for continuous modernization of older plants and up-gradation to higher energy efficiency levels.
- Therefore, with increasing demand from various end-user industries in the region, Asia-Pacific is likely to be a market leader in the forecast period.
Industrial Centrifuge Industry Overview
The global industrial centrifuges market is moderately fragmented, Some of the major players in the market (in no particular order) include Andritz AG, HAUS Centrifuge Technologies, Alfa Laval AB, GEA Group, Flottweg SE, among others.
Industrial Centrifuge Market Leaders
Alfa Laval AB
GEA Group AG
HAUS Centrifuges Technologies
Flottweg SE
Andritz AG
*Disclaimer: Major Players sorted in no particular order
Industrial Centrifuge Market News
- August 2022: GEA launched a new single-use centrifuge, the Kytero 2000, at ACHEMA 2022 in Frankfurt. This product is based on the proven technology of the large GEA Pharma centrifuges. The product was suitable for pilot-scale and production applications in the pharmaceutical industry, and it was preferred in cell harvesting, including mammalian cells and E coil cells.
- April 2022: ANDRITZ developed a screen scroll centrifuge, Screen Scroll Centrifuge HX. The product had features that enabled rapid parts exchange and increased maintainability. The product could process bulk chemicals, minerals, agrochemicals, and food. The product also had additional features, which include a gentle feeder feeding system, a modular scroll, and a rotating assembly that can be removed and replaced in one piece.
Industrial Centrifuge Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Increasing Demand from Various End-user Industries
4.5.2 Restraints
4.5.2.1 Higher Capital and Operational Cost
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Sedimentation
5.1.1.1 Clarifier/Thickener Centrifuges
5.1.1.2 Decanter Centrifuges
5.1.1.3 Disc Stack Centrifuges
5.1.1.4 Hydrocyclones
5.1.1.5 Other Sedimentation Centrifuges
5.1.2 Filtering
5.1.2.1 Basket Centrifuges
5.1.2.2 Scroll Screen Centrifuges
5.1.2.3 Peeler Centrifuges
5.1.2.4 Pusher Centrifuges
5.1.2.5 Other Filtering Centrifuges
5.2 Design
5.2.1 Horizontal Centrifuges
5.2.2 Vertical Centrifuges
5.3 Operation Mode
5.3.1 Batch
5.3.2 Continuous
5.4 Industry
5.4.1 Food and Beverages
5.4.2 Pharmaceutical
5.4.3 Water and Wastewater Treatment
5.4.4 Chemical
5.4.5 Metal and Mining
5.4.6 Power
5.4.7 Pulp and Paper
5.4.8 Other Industries
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Rest of North America
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 France
5.5.2.3 United Kingdom
5.5.2.4 Italy
5.5.2.5 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 India
5.5.3.3 Japan
5.5.3.4 Australia
5.5.3.5 Rest of Asia-Pacific
5.5.4 South America
5.5.4.1 Brazil
5.5.4.2 Argentina
5.5.4.3 Chile
5.5.4.4 Rest of South America
5.5.5 Middle East and Africa
5.5.5.1 United Arab Emirates
5.5.5.2 Saudi Arabia
5.5.5.3 Qatar
5.5.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 MSE Hiller
6.3.2 Andritz AG
6.3.3 Alfa Laval AB
6.3.4 GEA Group AG
6.3.5 Multotec Pty Ltd.
6.3.6 Thomas Broadbent & Sons Ltd.
6.3.7 Flottweg SE
6.3.8 Ferrum Ltd
6.3.9 HAUS Centrifuge Technologies
- *List Not Exhaustive
6.4 Market Share Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Demand for the Energy-efficient Industry Centrifuges
Industrial Centrifuge Industry Segmentation
An industrial centrifuge is a machine used for fluid or particle separation. Centrifuges rely on the use of centrifugal force, generating several hundred or thousands of times Earth’s gravity. Industrial centrifuges can be classified into two main types such as sedimentation and filtering centrifuges. Industrial centrifuges are used in a wide range of process industries, which include wastewater processing, chemical processing, pharmaceutical and biotechnology industries, food processing, mining and mineral processing, and others.
The industrial centrifuge market is segmented by type, design, operation mode, industry, and geography. By type, the market is segmented into sedimentation (clarifier/thickener, decanter, disc stack, hydroclones, and other sedimentation) and filtering (basket, scroll screen, peeler, pusher, and other filtering). By design, the market is segmented into horizontal centrifuges and vertical centrifuges). By operation mode, the market is segmented into batch and continuous. By industry, the market is segmented into food and beverages, pharmaceutical, water and wastewater treatment, chemical, metal and mining power, pulp and paper, and other industries. The report also covers the market size and forecasts for the industrial centrifuges market across major regions, such as Asia-Pacific, North America, Europe, South America, the Middle East, and Africa.
For each segment, the market sizing and forecasts have been done based on revenue (USD).
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Industrial Centrifuge Market Research FAQs
How big is the Industrial Centrifuges Market?
The Industrial Centrifuges Market size is expected to reach USD 7.43 billion in 2024 and grow at a CAGR of 4.60% to reach USD 9.30 billion by 2029.
What is the current Industrial Centrifuges Market size?
In 2024, the Industrial Centrifuges Market size is expected to reach USD 7.43 billion.
Who are the key players in Industrial Centrifuges Market?
Alfa Laval AB, GEA Group AG, HAUS Centrifuges Technologies, Flottweg SE and Andritz AG are the major companies operating in the Industrial Centrifuges Market.
Which is the fastest growing region in Industrial Centrifuges Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Industrial Centrifuges Market?
In 2024, the Asia Pacific accounts for the largest market share in Industrial Centrifuges Market.
What years does this Industrial Centrifuges Market cover, and what was the market size in 2023?
In 2023, the Industrial Centrifuges Market size was estimated at USD 7.09 billion. The report covers the Industrial Centrifuges Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Centrifuges Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Industrial Centrifuges Industry Report
Statistics for the 2024 Industrial Centrifuges market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Industrial Centrifuges analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
