What is Global Centrifugal Market?
The Global Centrifugal Market is a vast and dynamic sector that plays a crucial role in various industries. This market revolves around the production and distribution of centrifugal machines, which are mechanical devices designed to separate different components of a mixture through centrifugal force. These machines are widely used in numerous industries, including the food, oil, and mineral industries, among others. In 2022, the global Centrifugal Market was valued at a whopping US$ 12570 million, and it's projected to reach an impressive US$ 17400 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period from 2023 to 2029.
Three-phase, Two-phase in the Global Centrifugal Market:
The Global Centrifugal Market is segmented into two main types: Three-phase and Two-phase. The Two-phase Decanter Centrifuges type holds the lion's share of the market, accounting for about 75% of the total market. This type of centrifuge is primarily used to separate solids from liquids, making it highly useful in various industries. On the other hand, the Three-phase type is used to separate two immiscible liquid phases and a solid phase. The top two players in this market hold approximately 30% of the global shares, demonstrating the competitive nature of this market.
Global Centrifugal Market Outlook:
To recap, the Global Centrifugal Market is a thriving sector with a promising future. In 2022, the market was valued at US$ 12570 million, and it's expected to grow at a CAGR of 4.7% to reach US$ 17400 million by 2029. The market is dominated by two main types of centrifuges, with the Two-phase Decanter Centrifuges type accounting for about 75% of the market. The top two players in this market hold about 30% of the global shares. The market finds extensive application in various industries, including the food, oil, and mineral industries, among others.
| Report Metric | Details |
| Report Name | Centrifugal Market |
| Accounted market size in 2022 | US$ 12570 in million |
| Forecasted market size in 2029 | US$ 17400 million |
| CAGR | 4.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Alfa Laval, GEA, ANDRITZ Group, Flottweg SE, Pieralisi, Hiller GmbH, Vitone Eco, IHI, Mitsubishi Kakoki Kaisha, Tomoe Engineering, Polat Group, HAUS Centrifuge Technologies, Centrisys, Gtech, Sanborn Technologies, SIEBTECHNIK TEMA, Thomas Broadbent & Sons, Noxon, Tsukishima Kikai, Amenduni, Gennaretti (Getech S.r.l.), SCI (Shanghai Centrifuge Institute), Nanjing Zhongchuan, Wuxi Zhongda Centrifugal Machinery, Haishen Machinery & Electric, Hebei GN Solids Control, Chongqing Jiangbei Machinery, SPX Plow, Hutchison Hayes, Reda |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
