Centrifuge Market

Centrifuge Market by type (Decanters, High-Speed Separators), Drilling and Excavation Activity (Tunnel Boring, HDD, Exploration Drilling), Application (Solids Control, Mud Cleaning, Dewatering, Fluid Clarification), and Region - Global Forecast to 2028

Report Code: CH 8925 Jan, 2024, by marketsandmarkets.com

Updated on : April 15, 2024

Centrifuge Market

Centrifuge market was valued at USD 466 million in 2023 and is projected to reach USD 580 million by 2028, growing at 4.5% cagr from 2023 to 2028. The growth of centrifuges is propelled by factors such as increasing industrialization, expanding oil and gas exploration, and a growing emphasis on environmental sustainability. Industries demand efficient liquid-solid separation for resource recovery and waste reduction. Centrifuges play a crucial role in diverse sectors like pharmaceuticals, wastewater treatment, and mining, driving their adoption. Technological advancements, offering higher efficiency and automation, further fuel the demand for these versatile devices across various applications, contributing to their overall market growth.

Attractive Opportunities in the Centrifuge Market

Centrifuge  Market

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Centrifuge  Market

Centrifuge Market Dynamics

Driver: Growing oil & gas exploration activities

The surge in oil and gas exploration activities serves as a significant driver in propelling the growth of the centrifuge market. As the global demand for energy continues to escalate, industries are increasingly investing in exploration activities to discover new hydrocarbon reserves. Centrifuges play a pivotal role in these operations by efficiently separating drilling mud and cuttings, ensuring the recovery of valuable drilling fluids. This not only enhances the overall efficiency of the drilling process but also contributes to cost savings through the reuse of essential fluids. Moreover, stringent environmental regulations necessitate the adoption of advanced technologies like centrifuges to minimize the environmental impact of exploration activities. The ability of centrifuges to provide sustainable solutions aligns with the industry's commitment to eco-friendly practices.

Furthermore, the growing complexity of drilling environments, including deep-sea exploration and unconventional resources, underscores the need for advanced centrifuge technologies. The versatility of centrifuges makes them indispensable in addressing the challenges posed by diverse drilling conditions. As oil and exploration activities continue to expand globally, the demand for centrifuges is poised to rise, making them a crucial component in optimizing drilling operations and supporting the energy industry's quest for efficient and sustainable resource extraction.

Restraint: Complex operation and maintenance procedure

Complex operation and maintenance procedures represent a notable restraint in the centrifuge market, hindering seamless adoption across various industries. The intricate nature of these devices, often involving precise calibration and configuration, may pose challenges for operators, leading to increased downtime and operational inefficiencies. Centrifuges require skilled personnel for installation, operation, and routine maintenance, adding to the overall operational costs. Moreover, the intricacy of the components and the need for specialized training create a barrier for organizations looking to integrate centrifuges into their processes. As industries strive for streamlined and cost-effective operations, the complexities associated with the use of centrifuges present a significant impediment. Additionally, the intricate maintenance procedures may lead to longer downtimes during scheduled maintenance, impacting overall production timelines. Overcoming these challenges necessitates ongoing investments in training programs and the development of user-friendly designs to simplify operation and maintenance procedures, enabling a broader and more efficient integration of centrifuges in various industrial applications.

Opportunities: Growing demand for centrifuges in developing countries

The growing demand for centrifuges in developing countries presents a significant opportunity for market expansion and industry development. As these nations experience rapid industrialization and economic growth, there is an increasing need for advanced technologies to optimize industrial processes. Centrifuges, with their versatile applications in sectors such as energy, pharmaceuticals, and wastewater treatment, offer efficient liquid-solid separation solutions. Developing countries, aiming to meet rising energy demands, enhance pharmaceutical production, and address environmental concerns, recognize the value of centrifuges in achieving these objectives. The adoption of centrifuges may lead to improved resource recovery, reduced waste disposal costs, and enhanced overall operational efficiency. Moreover, the opportunity lies in tailoring centrifuge technologies to suit the specific needs and infrastructural capacities of these developing economies. Strategic market penetration and collaborations with local industries may further propel the growth of centrifuges, creating a mutually beneficial scenario where developing countries meet their evolving industrial requirements, and the centrifuge market expands its global footprint.

Challenges:  Intense competition among manufacturers

Intense competition among manufacturers poses a formidable challenge in the centrifuge market. With a multitude of companies vying for market share, there is constant pressure to innovate and offer advanced technologies to stay ahead. This competitive landscape may lead to pricing pressures, impacting profit margins, and hindering sustainable growth. Additionally, the race to introduce cutting-edge features and improve efficiency may strain research and development budgets. Differentiating products becomes crucial, and manufacturers must navigate the delicate balance between cost-effectiveness and technological sophistication to meet diverse industry demands. Furthermore, maintaining a strong global presence and customer loyalty amidst fierce competition requires substantial investments in marketing and customer support. The challenge lies in not only keeping pace with technological advancements but also in devising effective strategies to stand out in a crowded marketplace, where differentiation and customer value are paramount for sustained success.

Centrifuge Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of centrifuges. These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Prominent companies in this market include Alfa Laval (Sweden), GEA Group AG (Germany), Andritz (Austria), FLSmidth (Denmark), and Schlumberger Limited (US).

Centrifuge  Market Ecosystem

Based on type, high-speed separators type is projected to account for the second largest share of the centrifuge market.

High-speed separators hold the second largest share in the centrifuge market's type segment due to their pivotal role in achieving rapid and precise liquid-solid separation. These centrifuges operate at elevated speeds, generating powerful centrifugal forces that efficiently separate components based on their densities. Widely utilized in industries such as food and beverage, pharmaceuticals, and chemical processing, high-speed separators excel in handling large volumes with high efficiency. Their versatility in applications requiring fine particle separation, coupled with advancements like automated control systems, positions them as a preferred choice for industries prioritizing speed, accuracy, and operational excellence. This demand for swift and effective separation technologies contributes significantly to the high-speed separators' substantial market share.

Based on drilling and excavation activity, horizontal directional drilling (HDD) activity is projected to account for the second largest share of the centrifuge market.

Horizontal directional drilling (HDD) holds the second largest share in the centrifuge market's drilling and excavation activity segment due to its increasing adoption in infrastructure projects. HDD minimizes surface disruption, making it an ideal method for laying utility lines, pipelines, and cables beneath urban areas and environmentally sensitive regions. As urbanization intensifies, the demand for HDD rises, driving the need for efficient mud and cuttings separation. Centrifuges play a crucial role in HDD operations by ensuring the recovery of valuable drilling fluids, reducing waste, and enhancing the overall efficiency of the drilling process. This, coupled with the ongoing global focus on modernizing infrastructure, positions HDD as a key driver in the centrifuge market's drilling and excavation activity segment.

Based on application, mud cleaning application is projected to account for the second largest share of the centrifuge market.

The mud cleaning application secures the second largest share in the centrifuge market due to its integral role in optimizing drilling operations, especially in the oil and gas industry. Centrifuges are crucial in mud cleaning processes as they effectively separate drilling mud and cuttings, facilitating the recovery of valuable drilling fluids. This not only enhances operational efficiency but also aligns with the industry's commitment to sustainable and cost-effective resource extraction. As the global demand for energy continues to rise, the need for efficient mud cleaning solutions grows proportionally, making it a significant contributor to the centrifuge market's application segment and reflecting its crucial role in enhancing drilling performance and minimizing environmental impact.

Asia Pacific is expected to be the fastest-growing market during the forecast period.

Asia Pacific is poised to be the fastest-growing market for centrifuges during the forecast period due to a confluence of dynamic factors propelling industrial growth. Rapid urbanization, increasing population, and robust economic development contribute to heightened demand across sectors such as oil and gas, pharmaceuticals, and wastewater treatment. With a burgeoning emphasis on environmental sustainability and stringent regulatory frameworks, industries are adopting centrifuges for efficient liquid-solid separation. Additionally, escalating investments in research and development activities contribute to technological advancements, further fuelling the region's centrifuge market growth. The Asia Pacific's strategic positioning at the forefront of key industries, coupled with a burgeoning need for advanced separation technologies, solidifies its status as the fastest-growing centrifuge market, presenting lucrative opportunities for manufacturers and stakeholders in the evolving industrial landscape.

Centrifuge  Market by Region

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Centrifuge Market Players

The centrifuge market is dominated by a few major players that have a wide regional presence. The key players in the centrifuge market are Alfa Laval (Sweden), GEA Group AG (Germany), Andritz (Austria), FLSmidth (Denmark), Schlumberger Limited (US), Flottweg SE (Germany), SPX Flow, Inc. (US), Mitsubishi Kakoki Kaisha, Ltd. (Japan), Ferrum Ltd. (Switzerland), and Siebtechnik Tema GmbH (Germany). In the last few years, the companies have adopted growth strategies such as Product launches, Investments, Acquisitions, and expansions to capture a larger share of the centrifuge market.

Centrifuge Market Report Scope

Report Metric

Details

Market Size Value in 2022

USD 450 Million

Revenue Forecast in 2028

USD 580 Million

CAGR

4.5%

Years considered for the study

2020-2028

Base Year

2022

Forecast period

2023–2028

Units considered

Value (USD Million)

Segments

Type, Drilling and Excavation Activity, Application, and Region

Regions

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies

Alfa Laval (Sweden), GEA Group AG (Germany), Andritz (Austria), FLSmidth (Denmark), Schlumberger Limited (US), Flottweg SE (Germany), SPX Flow, Inc. (US), Mitsubishi Kakoki Kaisha, Ltd. (Japan), Ferrum Ltd. (Switzerland), and, Siebtechnik Tema GmbH (Germany)

This report categorizes the global centrifuge market based on type, drilling and excavation activity, application, and region.

On the basis of type, the centrifuge market has been segmented as follows:
  • Decanters
  • High-Speed Separators
  • Others
    • Peeler Centrifuges
    • Pusher Centrifuges
    • Others
On the basis of drilling and excavation activity, the centrifuge market has been segmented as follows:
  • Tunnel Boring
    • Transportation Infrastructure
    • Utility Infrastructure
    • Mining
    • Others
  • Horizontal Directional Drilling (HDD)
    • Pipeline Installation
    • Fiber Optic and Telecommunication Cable Installation
    • Underground Power and Electrical Lines
    • Others
  • Exploration Drilling
    • Mining
    • Oil & Gas
    • Geothermal Energy
    • Others
  • Others
On the basis of application, the centrifuge market has been segmented as follows:
  • Solids Control
  • Mud Cleaning
  • Dewatering
  • Fluid Clarification
  • Others
    • Cuttings Management
    • Others
On the basis of region, the centrifuge market has been segmented as follows:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments in Centrifuge Market

  • In January 2023, Alfa Laval developed new biofuel-ready separators for the marine industry to effectively clean biofuels like HVO (hydrotreated vegetable oil) and FAME (fatty acid methyl ester) and prevent performance issues and expensive engine wear.
  • In December 2022, Alfa Laval signed an agreement with a subsidiary of CVR Energy, Inc., a US-based renewable fuels and petroleum refining company, to supply pre-treatment systems consisting of various equipment such as , heat exchangers, pumps, separators and agitators intended to reduce contaminants in the feedstocks before conversion into biofuels.
  • In May 2023, GEA Group AG will invest around EUR 50 million in the modernization of its German centrifuge production facilities in Niederahr (Rhineland-Palatinate) and Oelde (North Rhine-Westphalia) by the end of 2024. By investing in sustainable production, digitalization and automation, GEA is targeting further growth in its key markets, including food, beverage, and pharmaceutical industries.
  • In April 2022, Andritz introduced screen scroll centrifuge HX, which increases uptime and product quality. These new ANDRITZ screen scroll centrifuge HX can process bulk chemicals, minerals, agrochemicals, and food, even under difficult feeding conditions.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS & EXCLUSIONS 
          TABLE 1 CENTRIFUGE MARKET: INCLUSIONS & EXCLUSIONS
    1.4 STUDY SCOPE 
           1.4.1 MARKETS COVERED
                   FIGURE 1 CENTRIFUGE MARKET SEGMENTATION
           1.4.2 REGIONS COVERED
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 30)
    2.1 RESEARCH DATA 
          FIGURE 2 CENTRIFUGE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key primary participants
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size using bottom-up analysis
                                FIGURE 4 CENTRIFUGE MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for arriving at market size using top-down analysis
                                FIGURE 5 CENTRIFUGE MARKET: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
          FIGURE 6 CENTRIFUGE MARKET: DATA TRIANGULATION
    2.4 IMPACT OF RECESSION 
    2.5 FACTOR ANALYSIS 
    2.6 FORECAST ESTIMATION 
          FIGURE 7 DEMAND-SIDE FORECAST PROJECTIONS
    2.7 RESEARCH ASSUMPTIONS 
    2.8 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 41)
    TABLE 2 CENTRIFUGE MARKET SNAPSHOT
    FIGURE 8 ASIA PACIFIC DOMINATED CENTRIFUGE MARKET IN 2023
    FIGURE 9 SOLIDS CONTROL TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
    FIGURE 10 DECANTERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 11 EXPLORATION DRILLING SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CENTRIFUGE MARKET 
          FIGURE 12 INCREASING DEMAND FROM PROCESS INDUSTRIES TO DRIVE MARKET DURING FORECAST PERIOD
    4.2 CENTRIFUGE MARKET, BY REGION 
          FIGURE 13 ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
    4.3 CENTRIFUGE MARKET, BY TYPE 
          FIGURE 14 DECANTERS SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2028
    4.4 CENTRIFUGE MARKET, BY APPLICATION 
          FIGURE 15 SOLIDS CONTROL SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2028
    4.5 CENTRIFUGE MARKET, BY DRILLING AND EXCAVATION ACTIVITY 
          FIGURE 16 EXPLORATION DRILLING SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2028
    4.6 ASIA PACIFIC: CENTRIFUGE MARKET, BY APPLICATION AND COUNTRY 
          FIGURE 17 SOLIDS CONTROL AND CHINA ACCOUNTED FOR HIGHEST GROWTH IN 2022
    4.7 CENTRIFUGE MARKET, BY KEY COUNTRY 
          FIGURE 18 CHINA TO BE FASTEST-GROWING CENTRIFUGE MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 49)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 19 CENTRIFUGE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increased demand for centrifuges in process industries
                    5.2.1.2 Rising need for wastewater management solutions
                    5.2.1.3 Increased exploration of oil & gas
                    5.2.1.4 Increased deployment of advanced technologies in centrifuges
           5.2.2 RESTRAINTS
                    5.2.2.1 Complex operation and maintenance procedures
                    5.2.2.2 High energy consumption associated with centrifuge systems
                    5.2.2.3 Fluctuations in oil prices
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for centrifuges in developing countries
                    5.2.3.2 Growing concerns about environmental sustainability and stringent regulations
                    5.2.3.3 Investment in sustainable materials
           5.2.4 CHALLENGES
                    5.2.4.1 High initial costs associated with centrifuge systems
                    5.2.4.2 Intense competition among manufacturers
 
6 INDUSTRY TRENDS (Page No. - 56)
    6.1 INTRODUCTION 
    6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           6.2.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR CENTRIFUGE MANUFACTURERS
                    FIGURE 20 REVENUE SHIFT OF CENTRIFUGE MARKET
    6.3 PRICING ANALYSIS 
           6.3.1 AVERAGE SELLING PRICE TREND, BY REGION
                    TABLE 3 AVERAGE SELLING PRICE, BY REGION, 2020–2028 (USD/UNIT)
                    FIGURE 21 CENTRIFUGE MARKET: AVERAGE SELLING PRICE TREND, BY REGION
           6.3.2 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
                    TABLE 4 AVERAGE SELLING PRICE, BY APPLICATION, 2020–2028 (USD/UNIT)
           6.3.3 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
                    TABLE 5 AVERAGE SELLING PRICE, BY TYPE, 2020–2028 (USD/UNIT)
                    FIGURE 22 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
    6.4 VALUE CHAIN ANALYSIS 
          FIGURE 23 CENTRIFUGE MARKET: VALUE CHAIN ANALYSIS
           6.4.1 RAW MATERIAL SUPPLIERS
           6.4.2 MANUFACTURERS
           6.4.3 DISTRIBUTORS
           6.4.4 END CONSUMERS
    6.5 ECOSYSTEM MAP 
          FIGURE 24 CENTRIFUGE MARKET: ECOSYSTEM/MARKET MAP
          TABLE 6 CENTRIFUGE MARKET: ECOSYSTEM
    6.6 TECHNOLOGY ANALYSIS 
          TABLE 7 TECHNOLOGIES OFFERED IN CENTRIFUGE MARKET
    6.7 PATENT ANALYSIS 
           6.7.1 METHODOLOGY
           6.7.2 PATENTS GRANTED WORLDWIDE, 2012–2022
                    TABLE 8 TOTAL NUMBER OF PATENTS
           6.7.3 PATENT PUBLICATION TRENDS
                    FIGURE 25 TOTAL NUMBER OF PATENTS DURING LAST TEN YEARS
           6.7.4 INSIGHTS
           6.7.5 LEGAL STATUS
                    FIGURE 26 PATENT ANALYSIS, BY LEGAL STATUS
           6.7.6 JURISDICTION-WISE PATENT ANALYSIS
                    FIGURE 27 TOP JURISDICTIONS FOR CENTRIFUGE PATENTS
           6.7.7 TOP APPLICANTS
                    FIGURE 28 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
           6.7.8 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
                    TABLE 9 TOP TEN PATENT OWNERS
    6.8 TRADE ANALYSIS 
           6.8.1 IMPORT SCENARIO
                    FIGURE 29 CENTRIFUGE IMPORT, BY COUNTRY, 2019–2022 (USD MILLION)
           6.8.2 EXPORT SCENARIO
                    FIGURE 30 CENTRIFUGE EXPORT, BY COUNTRY, 2019–2022 (USD MILLION)
    6.9 KEY CONFERENCES & EVENTS IN 2023–2024 
           TABLE 10 CENTRIFUGE MARKET: CONFERENCES & EVENTS, 2023–2024
    6.10 ALTERNATE/COMPETING TECHNOLOGIES 
           6.10.1 FILTER PRESSES
           6.10.2 VACUUM BELT FILTERS
           6.10.3 MEMBRANE FILTRATION
           6.10.4 OTHERS
    6.11 TARIFF AND REGULATORY LANDSCAPE 
           6.11.1 TARIFF AND REGULATIONS RELATED TO CENTRIFUGES
                     TABLE 11 TARIFF RELATED TO CENTRIFUGE MARKET
           6.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 GLOBAL: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.12 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 16 CENTRIFUGE MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 31 PORTER’S FIVE FORCES ANALYSIS: CENTRIFUGE MARKET
           6.12.1 THREAT FROM NEW ENTRANTS
           6.12.2 THREATS OF SUBSTITUTES
           6.12.3 BARGAINING POWER OF SUPPLIERS
           6.12.4 BARGAINING POWER OF BUYERS
           6.12.5 INTENSITY OF COMPETITIVE RIVALRY
    6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP FOUR APPLICATIONS
                     TABLE 17 INFLUENCE OF INSTITUTIONAL BUYERS ON BUYING PROCESS FOR TOP FOUR APPLICATIONS
           6.13.2 BUYING CRITERIA
                     FIGURE 33 KEY BUYING CRITERIA FOR APPLICATIONS
                     TABLE 18 KEY BUYING CRITERIA FOR APPLICATIONS
    6.14 MACROECONOMIC INDICATORS 
           6.14.1 GLOBAL GDP TRENDS
                     TABLE 19 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE) OF KEY COUNTRIES, 2018–2025
    6.15 CASE STUDY ANALYSIS 
           6.15.1 WILLACY OIL SERVICES PROVIDES AN EFFLUENT CENTRIFUGE TREATMENT SYSTEM TO MITIGATE TRADE EFFLUENT COSTS
           6.15.2 KALAMAZOO WATER RECLAMATION PLANT REDUCES DISPOSAL COSTS BY REPLACING BELT FILTERS WITH DEWATERING CENTRIFUGES
 
7 CENTRIFUGE MARKET, BY TYPE (Page No. - 81)
    7.1 INTRODUCTION 
          FIGURE 34 DECANTERS TO LEAD MARKET DURING FORECAST PERIOD
          TABLE 20 CENTRIFUGE MARKET, BY TYPE, 2020–2022 (USD MILLION)
          TABLE 21 CENTRIFUGE MARKET, BY TYPE, 2023–2028 (USD MILLION)
    7.2 DECANTERS 
           7.2.1 WIDE ADOPTION IN WASTEWATER TREATMENT TO DRIVE MARKET
    7.3 HIGH-SPEED SEPARATORS 
           7.3.1 PRESSING NEED FOR EFFECTIVE SEPARATION OF LIQUIDS TO FUEL DEMAND
    7.4 OTHERS 
           7.4.1 PEELER CENTRIFUGES
           7.4.2 PUSHER CENTRIFUGES
           7.4.3 OTHERS
 
8 CENTRIFUGE MARKET, BY DRILLING & EXCAVATION ACTIVITY (Page No. - 86)
    8.1 INTRODUCTION 
          FIGURE 35 EXPLORATION DRILLING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
          TABLE 22 CENTRIFUGE MARKET, BY DRILLING & EXCAVATION ACTIVITY, 2020–2022 (USD MILLION)
          TABLE 23 CENTRIFUGE MARKET, BY DRILLING & EXCAVATION ACTIVITY, 2023–2028 (USD MILLION)
    8.2 TUNNEL BORING 
           8.2.1 GROWING NEED FOR DEBRIS REMOVAL FROM DRILLING FLUIDS TO DRIVE MARKET
           8.2.2 TRANSPORTATION INFRASTRUCTRE
           8.2.3 UTILITY INFRASTRUCTRE
           8.2.4 MINING
           8.2.5 OTHERS
    8.3 HORIZONTAL DIRECTIONAL DRILLING 
           8.3.1 NEED FOR EFFECTIVE MANAGEMENT OF OPTIMAL DRILLING PERFORMANCE TO FUEL MARKET
           8.3.2 PIPELINE INSTALLATION
           8.3.3 FIBER OPTIC AND TELECOMMUNICATION CABLE INSTALLATION
           8.3.4 UNDERGROUND POWER AND ELECTRICAL LINES
           8.3.5 OTHERS
    8.4 EXPLORATION DRILLING 
           8.4.1 RISING DEMAND FOR EXPLORING GEOLOGICAL DEPOSITS TO DRIVE MARKET
           8.4.2 MINING
           8.4.3 OIL & GAS
           8.4.4 GEOTHERMAL ENERGY
           8.4.5 OTHERS
    8.5 OTHERS 
 
9 CENTRIFUGE MARKET, BY APPLICATION (Page No. - 95)
    9.1 INTRODUCTION 
          FIGURE 36 SOLIDS CONTROL APPLICATION TO LEAD MARKET DURING FORECAST PERIOD
          TABLE 24 CENTRIFUGE MARKET, BY APPLICATION, 2020–2022(USD MILLION)
          TABLE 25 CENTRIFUGE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    9.2 SOLIDS CONTROL 
           9.2.1 GROWING DEMAND FOR ENVIRONMENTAL SUSTAINABILITY TO DRIVE MARKET
    9.3 MUD CLEANING 
           9.3.1 WIDE ADOPTION IN DRILLING AND MINING INDUSTRIES TO BOOST MARKET
    9.4 DEWATERING 
           9.4.1 INCREASING NEED FOR SLUDGE MANAGEMENT AND WASTEWATER TREATMENT TO DRIVE MARKET
    9.5 FLUID CLARIFICATION 
           9.5.1 WIDE ADOPTION IN PHARMACEUTICAL AND FOOD PROCESSING INDUSTRIES TO BOOST MARKET
    9.6 OTHERS 
           9.6.1 CUTTINGS MANAGEMENT
           9.6.2 OTHERS
 
10 CENTRIFUGE MARKET, BY REGION (Page No. - 100)
     10.1 INTRODUCTION 
             FIGURE 37 CHINESE CENTRIFUGE MARKET TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
             TABLE 26 CENTRIFUGE MARKET, BY REGION, 2020–2022 (USD MILLION)
             TABLE 27 CENTRIFUGE MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 ASIA PACIFIC 
             10.2.1 RECESSION IMPACT
                        FIGURE 38 ASIA PACIFIC: CENTRIFUGE MARKET SNAPSHOT
                        TABLE 28 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 29 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 30 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                        TABLE 31 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.2.2 CHINA
                        10.2.2.1 Rapid expansion of pharmaceutical and chemical industries to drive market
                                      TABLE 32 CHINA: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 33 CHINA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.2.3 JAPAN
                        10.2.3.1 Commitment to environmental sustainability to propel market growth
                                      TABLE 34 JAPAN: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 35 JAPAN: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.2.4 INDIA
                        10.2.4.1 Stringent regulations for wastewater treatment to boost demand for centrifuges
                                      TABLE 36 INDIA: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 37 INDIA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.2.5 SOUTH KOREA
                        10.2.5.1 Strong emphasis on Industry 4.0 and smart manufacturing practices to drive market
                                      TABLE 38 SOUTH KOREA: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 39 SOUTH KOREA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.2.6 REST OF ASIA PACIFIC
                        TABLE 40 REST OF ASIA PACIFIC: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                        TABLE 41 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.3 NORTH AMERICA 
             10.3.1 RECESSION IMPACT
                        FIGURE 39 NORTH AMERICA: CENTRIFUGE MARKET SNAPSHOT
                        TABLE 42 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 43 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 44 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                        TABLE 45 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.3.2 US
                        10.3.2.1 Surging demand for energy resources to drive market growth
                                      TABLE 46 US: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 47 US: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.3.3 CANADA
                        10.3.3.1 Diverse industrial landscape to fuel demand for centrifuges
                                      TABLE 48 CANADA: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 49 CANADA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.3.4 MEXICO
                        10.3.4.1 Increasing investments in healthcare infrastructure to drive market
                                      TABLE 50 MEXICO: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 51 MEXICO: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.4 EUROPE 
             10.4.1 RECESSION IMPACT
                        FIGURE 40 EUROPE: CENTRIFUGE MARKET SNAPSHOT
                        TABLE 52 EUROPE: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 53 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 54 EUROPE: MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                        TABLE 55 EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.4.2 GERMANY
                        10.4.2.1 Rising technological innovations to drive market
                                      TABLE 56 GERMANY: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 57 GERMANY: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.4.3 UK
                        10.4.3.1 Expansion of pharmaceutical and chemical industries to drive market
                                      TABLE 58 UK: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 59 UK: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.4.4 FRANCE
                        10.4.4.1 Adherence to environmental regulations and resilient industrial sector to drive growth
                                      TABLE 60 FRANCE: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 61 FRANCE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.4.5 ITALY
                        10.4.5.1 Rising demand for efficient separation and filtration processes to fuel market
                                      TABLE 62 ITALY: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 63 ITALY: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.4.6 SPAIN
                        10.4.6.1 Emphasis on technological advancements to propel market
                                      TABLE 64 SPAIN: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 65 SPAIN: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.4.7 REST OF EUROPE
                        TABLE 66 REST OF EUROPE: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                        TABLE 67 REST OF EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.5 SOUTH AMERICA 
             10.5.1 RECESSION IMPACT
                        TABLE 68 SOUTH AMERICA: CENTRIFUGE MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 69 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 70 SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                        TABLE 71 SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.5.2 BRAZIL
                        10.5.2.1 Rising demand for centrifuges from oil & gas industries to drive market
                                      TABLE 72 BRAZIL: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 73 BRAZIL: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.5.3 ARGENTINA
                        10.5.3.1 Abundance of rich mineral resources to fuel market
                                      TABLE 74 ARGENTINA: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 75 ARGENTINA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.5.4 REST OF SOUTH AMERICA
                        TABLE 76 REST OF SOUTH AMERICA: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                        TABLE 77 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.6 MIDDLE EAST & AFRICA 
             10.6.1 RECESSION IMPACT
                        TABLE 78 MIDDLE EAST & AFRICA: CENTRIFUGE MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 79 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 80 MIDDLE EAST & AFRICA: ARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                        TABLE 81 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.6.2 GCC COUNTRIES
                        10.6.2.1 Presence of significant oil reserves to drive market
                        10.6.2.2 UAE
                                     10.6.2.2.1 Growing demand for crude oil extraction and refining to fuel market
                                                     TABLE 82 UAE: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                                     TABLE 83 UAE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.6.3 SAUDI ARABIA
                        10.6.3.1 Diversified industrial base to boost market
                                      TABLE 84 SAUDI ARABIA: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 85 SAUDI ARABIA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        10.6.3.2 REST OF GCC
                                      TABLE 86 REST OF GCC: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 87 REST OF GCC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.6.4 SOUTH AFRICA
                        10.6.4.1 Rising demand from mining industry to fuel market
                                      TABLE 88 SOUTH AFRICA: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                                      TABLE 89 SOUTH AFRICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.6.5 REST OF MIDDLE EAST & AFRICA
                        TABLE 90 REST OF MIDDLE EAST & AFRICA: CENTRIFUGE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
                        TABLE 91 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 137)
     11.1 INTRODUCTION 
     11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             TABLE 92 OVERVIEW OF STRATEGIES ADOPTED BY KEY CENTRIFUGE MANUFACTURERS
     11.3 MARKET SHARE ANALYSIS 
             11.3.1 RANKING OF KEY MARKET PLAYERS, 2022
                        FIGURE 41 RANKING OF TOP FIVE PLAYERS IN CENTRIFUGE MARKET, 2022
             11.3.2 MARKET SHARE OF KEY PLAYERS
                        TABLE 93 CENTRIFUGE MARKET: DEGREE OF COMPETITION
                        FIGURE 42 MARKET: SHARE OF KEY PLAYERS
     11.4 REVENUE ANALYSIS 
             FIGURE 43 REVENUE OF KEY PLAYERS, 2021–2024
     11.5 COMPANY EVALUATION MATRIX 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 44 CENTRIFUGE MARKET: COMPANY EVALUATION MATRIX, 2022
             11.5.5 COMPANY FOOTPRINT ANALYSIS
                        TABLE 94 APPLICATION FOOTPRINT (10 COMPANIES)
                        TABLE 95 TYPE FOOTPRINT (10 COMPANIES)
                        TABLE 96 DRILLING & EXCAVATION ACTIVITY FOOTPRINT (10 COMPANIES)
                        TABLE 97 REGIONAL FOOTPRINT (10 COMPANIES)
                        FIGURE 45 CENTRIFUGE MARKET: BUSINESS STRATEGY FOOTPRINT
                        FIGURE 46 MARKET: PRODUCT OFFERING STRATEGY
     11.6 STARTUP/SME EVALUATION MATRIX 
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
                        FIGURE 47 CENTRIFUGE MARKET: STARTUP/SME EVALUATION MATRIX, 2022
             11.6.5 COMPETITIVE BENCHMARKING
                        TABLE 98 CENTRIFUGE MARKET: KEY STARTUPS/SMES
                        11.6.5.1 Centrifuge Market: Competitive benchmarking of key players [Startups/SMEs]
                                      TABLE 99 APPLICATION FOOTPRINT OF SME PLAYERS (15 COMPANIES)
                                      TABLE 100 TYPE FOOTPRINT OF SME PLAYERS (15 COMPANIES)
                                      TABLE 101 DRILLING & EXCAVATION ACTIVITY FOOTPRINT OF SME PLAYERS (15 COMPANIES)
                                      TABLE 102 REGION FOOTPRINT OF SME PLAYERS (15 COMPANIES)
     11.7 COMPETITIVE SCENARIOS AND TRENDS 
             11.7.1 PRODUCT LAUNCHES
                        TABLE 103 CENTRIFUGE MARKET: PRODUCT LAUNCHES (2020–2023)
             11.7.2 OTHER DEVELOPMENTS
                        TABLE 104 CENTRIFUGE MARKET: OTHER DEVELOPMENTS (2019–2023)
 
12 COMPANY PROFILES (Page No. - 157)
(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats)* 
     12.1 MAJOR PLAYERS 
             12.1.1 ALFA LAVAL
                        TABLE 105 ALFA LAVAL: COMPANY OVERVIEW
                        FIGURE 48 ALFA LAVAL: COMPANY SNAPSHOT
                        TABLE 106 ALFA LAVAL: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 107 ALFA LAVAL: PRODUCT LAUNCHES
                        TABLE 108 ALFA LAVAL: OTHERS
             12.1.2 GEA GROUP AG
                        TABLE 109 GEA GROUP AG: COMPANY OVERVIEW
                        FIGURE 49 GEA GROUP AG: COMPANY SNAPSHOT
                        TABLE 110 GEA GROUP AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 111 GEA GROUP AG: PRODUCT LAUNCHES
                        TABLE 112 GEA GROUP AG: OTHERS
             12.1.3 ANDRITZ
                        TABLE 113 ANDRITZ: COMPANY OVERVIEW
                        FIGURE 50 ANDRITZ: COMPANY SNAPSHOT
                        TABLE 114 ANDRITZ: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 115 ANDRITZ: PRODUCT LAUNCHES
                        TABLE 116 ANDRITZ: OTHERS
             12.1.4 FLSMIDTH
                        TABLE 117 FLSMIDTH: COMPANY OVERVIEW
                        FIGURE 51 FLSMIDTH: COMPANY SNAPSHOT
                        TABLE 118 FLSMIDTH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.5 SCHLUMBERGER LIMITED
                        TABLE 119 SCHLUMBERGER LIMITED: COMPANY OVERVIEW
                        FIGURE 52 SCHLUMBERGER LIMITED: COMPANY SNAPSHOT
                        TABLE 120 SCHLUMBERGER LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.6 FLOTTWEG SE
                        TABLE 121 FLOTTWEG SE: COMPANY OVERVIEW
                        TABLE 122 FLOTTWEG SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 123 FLOTTWEG SE: OTHERS
             12.1.7 SPX FLOW, INC.
                        TABLE 124 SPX FLOW, INC.: COMPANY OVERVIEW
                        TABLE 125 SPX FLOW, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 126 SPX FLOW, INC.: OTHERS
             12.1.8 MITSUBISHI KAKOKI KAISHA, LTD.
                        TABLE 127 MITSUBISHI KAKOKI KAISHA, LTD.: COMPANY OVERVIEW
                        FIGURE 53 MITSUBISHI KAKOKI KAISHA, LTD.: COMPANY SNAPSHOT
                        TABLE 128 MITSUBISHI KAKOKI KAISHA, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.9 FERRUM LTD.
                        TABLE 129 FERRUM LTD.: COMPANY OVERVIEW
                        TABLE 130 FERRUM LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.10 SIEBTECHNIK TEMA GMBH
                        TABLE 131 SIEBTECHNIK TEMA GMBH: COMPANY OVERVIEW
                        TABLE 132 SIEBTECHNIK TEMA GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
     12.2 OTHER PLAYERS 
             12.2.1 THOMAS BROADBENT & SONS LTD
                        TABLE 133 THOMAS BROADBENT & SONS, LTD: COMPANY OVERVIEW
             12.2.2 DEDERT CORPORATION
                        TABLE 134 DEDERT CORPORATION: COMPANY OVERVIEW
             12.2.3 HEINKEL PROCESS TECHNOLOGY GMBH
                        TABLE 135 HEINKEL PROCESS TECHNOLOGY GMBH: COMPANY OVERVIEW
             12.2.4 PIERALISI MAIP SPA
                        TABLE 136 PIERALISI MAIP SPA: COMPANY OVERVIEW
             12.2.5 HAUS CENTRIFUGE TECHNOLOGIES
                        TABLE 137 HAUS CENTRIFUGE TECHNOLOGIES: COMPANY OVERVIEW
             12.2.6 COMI POLARIS SYSTEMS
                        TABLE 138 COMI POLARIS SYSTEMS: COMPANY OVERVIEW
             12.2.7 US CENTRIFUGE SYSTEMS
                        TABLE 139 US CENTRIFUGE SYSTEMS: COMPANY OVERVIEW
             12.2.8 B&P LITTLEFORD
                        TABLE 140 B&P LITTLEFORD: COMPANY OVERVIEW
             12.2.9 PNEUMATIC SCALE ANGELUS
                        TABLE 141 PNEUMATIC SCALE ANGELUS: COMPANY OVERVIEW
             12.2.10 ELGIN SEPARATION SOLUTIONS
                        TABLE 142 ELGIN SEPARATION SOLUTIONS: COMPANY OVERVIEW
             12.2.11 HEBEI GN SOLIDS CONTROL CO, LTD.
                        TABLE 143 HEBEI GN SOLIDS CONTROL CO, LTD.: COMPANY OVERVIEW
             12.2.12 MULTOTEC
                        TABLE 144 MULTOTEC: COMPANY OVERVIEW
             12.2.13 CENTRIMAX INTERNATIONAL
                        TABLE 145 CENTRIMAX INTERNATIONAL: COMPANY OVERVIEW
             12.2.14 ACE INDUSTRIES (INDIA) PVT. LTD.
                        TABLE 146 ACE INDUSTRIES (INDIA) PVT. LTD.: COMPANY OVERVIEW
             12.2.15 THE WESTERN STATES MACHINE COMPANY
                        TABLE 147 THE WESTERN STATES MACHINE COMPANY: COMPANY OVERVIEW
 
13 APPENDIX (Page No. - 200)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

The study involved four major activities in estimating the market size of the centrifuge market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.

Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key centrifuge, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The centrifuge market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, and end users. Various primary sources from the supply and demand sides of the centrifuge market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the centrifuge industry.

Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to type, drilling and excavation activity, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of centrifuge and future outlook of their business which will affect the overall market.

The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Centrifuge  Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include sales representatives, production heads, and technicians.

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Market Size Estimation

The top-down approach was used to estimate and validate the size of various submarkets for centrifuge for each region. The research methodology used to estimate the market size included the following steps:

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • The global market was then segmented into five major regions and validated by industry experts.
  • All percentage shares, splits, and breakdowns based on type, drilling and excavation activity, application, and country were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added with detailed inputs and analysis and presented in this report.

Centrifuge Market: Bottum-Up Approach

Centrifuge  Market Size, and Share

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

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Centrifuge Market: Top-Down Approach

Centrifuge  Market Size, and Share

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

Data Triangulation

After arriving at the total market size from the estimation process centrifuge above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.

Market Definition

A centrifuge is a crucial industrial apparatus designed for efficient separation of liquids and solids based on their density differences. Employed across diverse sectors such as oil and gas, pharmaceuticals, and wastewater treatment, centrifuges utilize high-speed rotation to generate centrifugal force, compelling heavier particles to move outward, while lighter components remain closer to the axis. This results in the effective separation of substances like drilling mud and cuttings, facilitating the recovery of valuable liquids and minimizing waste disposal costs. Centrifuges play a pivotal role in enhancing operational efficiency, meeting stringent environmental regulations, and ensuring resource recovery. With continuous advancements in technology, modern centrifuges offer features like automation and increased throughput, further contributing to their indispensable role in optimizing industrial processes.

Key Stakeholders

  • Centrifuge Manufacturers
  • Centrifuge Traders, Distributors, and Suppliers
  • Raw Type Suppliers
  • Government and Private Research Organizations
  • Associations and Industrial Bodies
  • R&D Institutions
  • Environmental Support Agencies

Report Objectives

  • To define, describe, and forecast the size of the centrifuge market, in terms of value.
  • To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market.
  • To estimate and forecast the market size based on type, drilling and excavation activity, application, and region.
  • To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries.
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market.
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
  • To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
  • To strategically profile key market players and comprehensively analyze their core competencies.

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players

Tariff & Regulations

  • Regulations and impact on centrifuge market
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 8925
Published ON
Jan, 2024
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