Market Size of Industrial Centrifuges Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 8.47 Billion |
| Market Size (2029) | USD 10.56 Billion |
| CAGR (2024 - 2029) | 4.51 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Industrial Centrifuges Market Analysis
The Industrial Centrifuges Market size is estimated at USD 8.47 billion in 2024, and is expected to reach USD 10.56 billion by 2029, growing at a CAGR of 4.51% during the forecast period (2024-2029).
Over the long term, the growing demand from the chemical industry is expected to stimulate the growth of industrial centrifuges. Increasing investments in the chemical and manufacturing industry are expected to drive the growth of the market.
On the other hand, centrifuges' high capital costs and technical drawbacks are expected to hamper the growth of the market during the forecast period.
However, there is increased demand for energy-efficiency centrifuges in every step of the industrial process, with the growing trend that energy used is both a cost and 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 will likely dominate the market and is expected to register the highest CAGR during the forecast period. This growth is attributed to the increasing investments and demands from the processed food, pharmaceutical, and wastewater treatment industries.
