Centrifuge Market Report to Hit USD 689.91 Million by 2032,
From GlobeNewswire: 2025-04-17 09:15:00
The Centrifuge Market was valued at USD 463 million in 2023 and is expected to reach USD 689.91 million by 2032, growing at a CAGR of 4.53%. Advancements in biotechnology and industrial automation are driving market growth, with key players including Siebtechnik Tema GmbH and SPX Flow Inc.
The U.S. Centrifuge Market is projected to grow at a CAGR of 4.14% from 2023 to 2032, expanding from USD 154.83 million to USD 223.04 million. This growth is fueled by advancements in biotechnology and pharmaceutical research, as well as robust industrial applications.
Decanter centrifuges lead the market, accounting for over 54% of total revenue in 2023. They are widely used in wastewater treatment, food processing, and chemicals industries due to their effective separation capabilities and hygienic working conditions. Technological improvements have made decanter centrifuges more sustainable and cost-effective.
North America dominates the Centrifuge Market, capturing over 44% of the global market share in 2023. The region benefits from a mature healthcare system, strong investments in life sciences R&D, and innovative high-performance centrifuge technologies. Asia-Pacific is the fastest-growing market, driven by increased healthcare capacity and investments in pharmaceutical manufacturing.
The Centrifuge Market Report provides insights into market size, key segments, competitive landscape, regional analysis, and forecast outlook. The market is segmented by type, drilling & excavation activity, and application, with decanter centrifuges leading in versatile applications. North America and Asia-Pacific are key regions driving market growth.
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