Centrifuge Market

Centrifuge Market Overview 

The global Centrifuge Market size was valued at USD 1.12 billion in 2023 and is predicted to reach USD 1.97 billion by 2030 with a CAGR of 8.4% from 2024-2030.

Centrifuge market refers to the industrial sector that is involved in the manufacturing and distribution of the industrial device for separating components of mixtures based upon their densities by spinning them at high speeds. 

The key feature of the market includes advancement in rotor design for increased capacity and efficiency, enhanced digital interface for precise control and innovation in safety features to protect the users from potential hazards. The advantage of this separating component lies in its ability to offer high speed and efficient separation processes, enhance accuracy and consistency in laboratory results and the ability to handle a wide range of sample type and volume. The market is vital for scientific research, medical diagnostics and other industrial processes that expand its application across various industrial sectors.

Market Dynamics and Trends

The growth of the food and beverage industry necessities the need for clarification and separation of solid and liquid that propels the growth of the market. The latest report of the European Union Commission Report states that food & beverage sector is growing at an unprecedented rate with a revenue generation of around USD 226.8 billion in 2023. 

Industrial centrifuge helps in ensuring the quality, safety, and efficiency of food and beverage by removing impurities, debris, and sediment from juices, dairy products, and alcoholic beverages for improvement of product quality and extending shelf life. Therefore, the need to maintain high quality and standard of food and beverage increases the centrifuge market growth.

Additionally, the rising vaccine production boosts the need to handle large volume of biological materials that accelerates the market growth. The latest report of the World Health Organization published that around 16 billion vaccine doses were supplied globally in 2022, valued at around USD 141 billion. This figure is nearly three times the market volume in 2019.  Centrifuge machines enable manufacturers to isolate and purify vital particles, proteins, and other vaccine components for ensuring production of safe and efficacious vaccines, thereby propelling the market growth. 

Moreover, the implementation of stringent measure for environment preservation mandates the industries to control and reduce pollution, thereby propelling the market growth. The latest report of the United Nations states that the Intergovernmental Conference on Marine Biodiversity of Areas Beyond National Jurisdiction (BBNJ) adopted a treaty known as high seas treaty in June, 2023. It aims to protect, care for, and ensure responsible use of the marine environment. 

Centrifuge clarify effluents by separating solids from liquid stream that result in cleaner wastewater and effluent discharges. The adoption of such stringent measure towards environment conservation boosts the market growth as the component helps to remove pollutants, contaminants, and hazardous substances from process streams.

However, regular maintenance tasks such as cleaning, lubrication, and component inspections is essential for maintaining the optimal performance of the centrifuge. These tasks enhance the operational expense and is time consuming that restrains the centrifuge market expansion.

On the other hand, the integration of advanced sensor technology in centrifuge allows for continuous monitoring and feedback control to optimize process and ensure sample quality. This advancement facilitates the detection of anomalies or deviations is expected to create ample opportunities for the growth of the market in the forthcoming years.

Market Segmentation and Scope of Study

The centrifuge market report is segmented on the basis of type, operation mode, end users, and region. On the basis of type, the market is divided into laboratory, industrial, and diagnostic.

On the basis of operation mode, the market is divided into batch, and continuous. On the basis of end users, the market is divided into pharmaceutical, chemical, food & beverage, oil & gas, and others pharmaceutical, chemical, food & beverage, oil & gas, and others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW. 

Geographical Analysis

North America dominates the centrifuge market share and is projected to maintain its dominance throughout the forecast period. This is due to the presence of large oil and gas industry in countries such as the U.S. and Canada that accelerates the need for efficient separator ensure optimal processing efficiency. 

The report of the Council of Foreign Relation in 2022 states that the U.S. is the leading producer in oil and gas sector globally, producing around eleven million barrels of crude oil per day and around one hundred billion cubic feet of gas per day. 

Centrifuges separate solids from drilling mud to improve drilling efficiency, and protect drilling equipment from damage. The rising growth of oil and gas industry in the region accelerates the market growth for solids control, oil recovery, refinery operations and enhanced oil recovery techniques. 

Additionally, the significant growth of pharmaceutical industry increases the need for efficient processing and product purity component for drugs development that in turn boosts the market growth. 

The latest report of the government of Canada states that Canada is the 8th largest pharmaceutical industry in the world, with sales increasing by approximately 56.4% to reach USD 34.1 billion in 2022. Centrifuge allows to separate, purify, and analyze biomolecules and drug compounds to facilitate the discovery and development of new drugs and therapies, thereby boosting the market growth.

On the other hand, Asia-Pacific is expected to show a steady rise in the centrifuge market demand. This is attributed to the rapid rise of the food and beverage industry in countries such as India and China that enhance the need for product purity and longevity. 

The report of the National Restaurant Association of India Report in 2022 states that Indian food and beverage market is growing at an impressive CAGR of 11.19% and is expected to reach USD 79.65 billion by 2028. This separating component helps in removing contaminants, residue, and sediment from various products such as juices, oils, dairy items, and alcoholic beverages. The growth of food and beverage industry in the region propels the market growth for enhancing the quality of the final product and prolongs its shelf life. 

Furthermore, the implementation of stringent regulation towards minimizing pollution in the region is driving the market growth to ensure regulatory compliance by separating impurities in various industrial processes. 

For instance, China adopted Water Law that lays down about the need to take national efforts focused on developing, utilizing, preserving, and safeguarding water resources to prevent and manage water-related disasters and sustainably meet the demands. The presence of such regulatory requirement to protect water bodies accelerates the demand for centrifuge in factories as it helps to clarify effluents by separating solids from liquid streams, resulting in cleaner wastewater and effluent discharges.

Competitive Landscape 

The centrifuge industry comprises of various key  players such Thermo Fisher Scientific Inc., Eriez Manufacturing Co., Alfa Laval AB, Amar Equipments Pvt. Ltd., Beckman Coulter, Jas Enterprises, Boekel Scientific, Hitachi Ltd., Danaher Corporation, Eppendorf AG., and others. These market players are adopting various strategies including product launches to stay competitive and maintain their market positions. 

For instance, in August 2023, Boekel Scientific introduced new product line that consists of 4 families of centrifuges, economy, general purpose, STAT, and Blood Bank, that is designed to meet the demands of laboratories of any size. The product launch aimed to enhance the market presence and competitiveness of the market, contributing to the overall growth and dynamism of the market.

Furthermore, in February 2022, Beckman Coulter launched Allegra V-15R benchtop centrifuge an addition to their product portfolio, catering to the needs of laboratory professionals and researchers. This product launch demonstrated Beckman Coulter's ongoing commitment, providing cutting-edge solutions in the market, enhancing efficiency and productivity in various scientific applications.

Key Benefits

• The report provides quantitative analysis and estimations of the centrifuge industry from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the current and future trends centrifuge market trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Centrifuge Market Key Segments

By Type

• Laboratory

• Industrial

• Diagnostic 

By Operation Mode

• Batch

• Continuous 

By End User

• Pharmaceutical

• Chemical

• Food & Beverage

• Oil & Gas

• Others 

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Thermo Fisher Scientific Inc.

• Eriez Manufacturing Co. 

• Alfa Laval AB

• Amar Equipments Pvt. Ltd.

• Beckman Coulter 

• Jas Enterprises

• Boekel Scientific 

• Hitachi Ltd.

• Danaher Corporation

• Eppendorf AG

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 1.12 billion
Revenue Forecast in 2030	USD 1.97 billion
Growth Rate	CAGR of 8.4% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Significant growth of the food and beverage industry is boosting the market. Rising growth of vaccine production drives the market. Adoption of stringent measure towards controlling pollution is driving the market growth.
Countries Covered	28
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.