Centrifuge Market Estimated to Reach $580 by 2028 Globally, at a CAGR of 4.5%, says MarketsandMarkets™

Chicago, Feb. 07, 2024 (GLOBE NEWSWIRE) — The Global Centrifuge Market is projected to be USD 580 million by 2028 from an estimated USD 466 million in 2023, at a CAGR of 4.5% during the forecast period, as per the recent study by MarketsandMarkets™. The demand for centrifuges is on the rise due to increased industrialization, expanding oil and gas exploration, and a growing emphasis on environmental sustainability. Industries seek efficient liquid-solid separation for resource recovery and waste reduction. Centrifuges play a crucial role in diverse sectors, including pharmaceuticals, wastewater treatment, and mining, driving their adoption. Additionally, advancements in centrifuge technology, offering higher efficiency and automation, further fuel the demand for these versatile devices in various applications.

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Browse in-depth TOC on “Centrifuge Market”.

147- Market Data Tables

53- Figures

206- Pages

List of Key Players in Centrifuge Market:

Alfa Laval (Sweden)
GEA Group AG (Germany)
Andritz (Austria)
FLSmidth (Denmark)
Schlumberger Limited (US)
Others

Drivers, Restraints, Opportunities and Challenges in Centrifuge Market:

Drivers: Growing oil & gas exploration activities
Restraints: Complex operation and maintenance procedure
Opportunity: Growing demand for centrifuges in developing countries
Challenge: Intense competition among manufacturers

Key Findings of the Study:

Decanters, by type, are expected to be the most significant centrifuge market segment during the forecast period.
Horizontal directional drilling (HDD) is anticipated to be the fastest-growing centrifuge market segment, by drilling and excavation activity, during the forecast period.
Solids control is anticipated to be the fastest-growing centrifuge market segment, by application, during the forecast period.
Asia Pacific is expected to be the fastest-growing region in the global centrifuge market, by region, during the forecast period.

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The centrifuge market, by type, is segmented into decanters, high-speed separators (HSS) and others. Globally, “Decanters” type segment commands the largest market share in the centrifuge market due to several compelling reasons. Decanter centrifuges lead the market owing to their versatile and highly efficient design. …

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