Market Size of North America Industrial Centrifuge Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Industrial Centrifuge Market Analysis
The North American industrial centrifuge market is projected to register a CAGR of over 4.5% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently, the market has reached pre-pandemic levels.
- Over the medium term, the increasing investment in increasing industries in pharmaceuticals and biotechnology in the region is expected to increase the demand for the centrifuge market.
- On the other hand, high operations and maintenance costs are expected to hinder market growth.
- Nevertheless, the increasing technological investments in the market to produce energy- and sound-efficient centrifuges are expected to create huge opportunities for the blower market.
The United States is expected to dominate the market during the forecasted period due to its increasing number of industries and large populations.
