HOME Research Insight GEA (Germany) and SPX FLOW (US) are the Active Players in the Spray Drying Equipment Market

GEA (Germany) and SPX FLOW (US) are the Active Players in the Spray Drying Equipment Market

The global spray drying equipment market is estimated at USD 4.38 billion in 2018. It is projected to reach USD 6.12 billion by 2023, at a CAGR of 6.9% from 2018. This market is majorly driven by the increasing demand for ready-to-eat and functional food, reduction in thermal damage caused to the product, increase in the shelf-life leading to improved logistics, technological innovations, and emerging applications in biotechnology and bioceramics industries. The key market players adopted strategies such as expansions, partnerships, and new product launches to meet the growing demand for spray drying equipment.

The active players in the spray drying equipment market include GEA (Germany), SPX FLOW (US), Dedert Corporation (US), Buchi Labortechnik (Switzerland), European Spraydry Technologies (UK), Changzhou Lemar Drying Engineering Co. Ltd. (China), (China), Acmefil (India), New AVM Systech (India), C. E. Rogers (US), Advanced Drying System (India), and Labplant (UK).

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GEA develops and produces process technologies and equipment for various industries such as food, pharmaceutical, and chemical. Engineering solutions offered by GEA range from single pieces of equipment to complete plants. This company has more than 75 GEA Niro pilot plants across the world, and it is one of the leading manufacturers of continuous and batch GEA Niro freeze drying plants. It operates through two business segments—business area equipment and business area solutions.

GEA has been constantly expanding its business and strengthening its position in the spray drying equipment market by adopting strategies such as new product launches and partnerships. For instance, in October 2016, GEA partnered with one of the largest multinational dairy co-operatives, Fonterra Co-operative Pvt. Ltd. (New Zealand) to install a high-performance spray dryer to its new milk powder processing plant in Lichfield, New Zealand. The company launched a mini spray dryer in April 2016 with a camera to monitor the entire spray drying process to reduce errors. Moreover, it launched a mobile minor MM-100 spray dryer for pharmaceutical drug testing in April 2016. GEA Group AG (Germany) also expanded its existing sales team in Sweden.

(US) is one of the leading global suppliers of highly specialized engineering solutions and equipment. The company offers engineering equipment under 15 categories-analyzer, clarifiers, dispersion equipment, dehydration equipment, dryers, evaporators, fittings, filtration equipment, heat exchanger, mixers, pumps, separators, strainers, systems, and valves. Spray dryers are offered under the dryers category. These dryers serve the global dairy, food, beverage, industrial, healthcare, pharmaceutical, starch, and ethanol industries. To strengthen its market presence in the global spray drying equipment industry, SPX Flow has been focusing on strategic partnerships and expansion activities. For instance, in December 2017, through a partnership, SPX Corporation was awarded a contract to establish a dairy ingredients plant in Galicia, Spain. This project included the drying technology to produce milk protein powders for infant formula, and sports & clinical nutrition products. In April 2016, SPX Flow established its new Innovation Center in Shanghai. It was designed to aid dairy and beverage manufacturers to enhance their production process efficiency and to develop new products to serve the Asia Pacific region.

Related Reports:

Spray Drying Equipment Market by Type (Rotary Atomizer, Nozzle, Fluidized, Closed Loop, Centrifugal), Application (Food, Pharma, Chemical, Feed), Flow Type, Cycle Type, Drying Stage, and Region - Global Forecast to 2023

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