Separation machinery market demand over 2018-2024 to be pushed by rising demand for filtration techniques
Date: 2018-08-02   Author: Sunil Hebbalkar  Category: #market

Separation machinery market demand over 2018-2024 to be pushed by rising demand for filtration techniques

The increasing involvement of regulatory bodies related to wastewater treatment and disposal will drive separation machinery market over 2018-2024. Rising product popularity among the end-users comprising healthcare, food processing, and petrochemicals will also have a remarkable influence on industry growth.

Five trends dominating in separation machinery market:

  • In 2017, industrial centrifuges accounted for 30% of separation machinery industry share and will continue to generate considerable revenue over the years ahead. Several end-user industries including healthcare, F&B, and petrochemicals have been increasingly deploying industrial centrifuges on a large scale that will contribute to the industry growth.
  • Water and wastewater applications held 20% of separation machinery market share in 2017. The growing concerns among the regulatory bodies and industry contributors about the need of wastewater disposal will further stimulate industry growth.
  • As per estimates, separation machinery industry size from membrane separators is poised to register a CAGR of nearly 4.2% over 2018-2024. The growing acceptance of modern filtration equipment for water desalination, water purification, and water recovery will have a favorable influence on future product requirement.
  • Increasing product consumption across healthcare and food processing sectors aided by better permeability, reliability, and cost-effectiveness of the product is poised to augment separation machinery industry share from the life sciences application.
  • Reliable sources claim that in 2017, North America accounted for 32% of separation machinery industry share. The contribution of regulatory bodies like EPA that has framed the Safe Drinking Water Act (SDWA) will have a positive influence on product deployment across U.S.

The competitive spectrum of separation machinery market includes a diverse range of big shots like ANDRITZ, SWECO, Alfa Laval Corporate AB, Mitsubishi Kakoki Kaisha, Ltd., GEA Group, CECO Environmental, Ferrum AG, Russell Finex, ACS Manufacturing, Inc., and Gruppo Pieralisi that are consistently implementing numerous business strategies such as mergers and acquisitions for achieving a dominant position.

About Author

Sunil Hebbalkar

Sunil Hebbalkar

Sunil currently works as an content writer at AlgosOnline. A Post graduate mechanical design engineer by qualification, he worked as an intern at the defense lab for one year in the engine design and development department before switching his professional genre. Foll...

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