PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1512205
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1512205
Market Overview
The global decanter centrifuge market will reach USD 2,561.1 million, advancing at a CAGR of 4.4% during 2023-2030.
This growth can be credited to the growing need for decanter centrifuges in industries, the existence of hard-and-fast regulative standards in the case of item manufacturing, technological improvements, and the rising requirement for pharmaceutic separation in the food & beverage sector.
There is a growing need for effective solid-liquid separation solutions, as industries globally such as oil and gas, wastewater management, and food processing demand top-quality approaches for removing solids from liquids, and decanter centrifuge offers this assistance at an optimum level.
On the basis of type segment, the industry is segmented into a three-phase decanter and a two-phase decanter.
The two-phase decanter category is dominating the market mainly because of its extensive applications in many industries.
Also, this centrifuge is required to separate liquid and solid in the waste management, manufacturing, food processing, oil and gas drilling, and hemp industries.
Key Insights
On the basis of design type, the industry is divided into vertical and horizontal decanter centrifuges, in which the horizontal category dominates the market, because of its widespread utilization and increasing popularity.
In the horizontal decanter centrifuge, the rotating assembly is horizontally fixed to a robust frame utilizing bearings on both ends, making a sealed surface ideal for high-pressure application. The suspension is introduced from one end of the bearing, while the gearbox is linked to the other end, working at reduced speeds. This horizontal configuration permits the slurry to be located in the center of a rotating cylindrical bowl during operation.
Worldwide, the APAC industry holds the largest industry share and it is also projected to experience the fastest development in the future as well. This is because of the growing end-use industries, such as chemical, manufacturing, pharmaceutical, and wastewater, in the region.
In APAC, China is dominating, as it has a well-rooted manufacturing industry throughout the globe and also has dominance in the production of power, steel, cement, chemical, petrochemical, and refining industries.
Moreover, Japan's recent years have become one of the globe's major manufacturing hubs, credited to the rise in manufacturing processes and the obtainability of decanter centrifuges in the nation.
Moreover, the North American industry is estimated to advance at a momentous rate. This is mainly because of the arrival of enhanced technologies in decanter centrifuge, the increasing end-use industries, high economic development rate, and the existence of major industry players in the continent.