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Separation Machinery Market 2019-2024 Revenue Forecast By Global Industry Players

Author : Rahul Varpe | Published Date : 2019-07-30 

North America held maximum market share in global separation machinery market, the region has been witnessing tremendous growth over the years owing to high demand for hydrocarbons. Further, Asia Pacific is likely to propel with a CAGR of 4.5% owing to industrial revolution and social economic factors.

Separation Machinery Market expected to Reach USD 100 billion by 2024. The separation machinery is selected according to the nature of mixture. Separation is chiefly based on the size of particles carried by the fluid. Few other considerations for separation includes density, particle, viscosity, flow rate and concentration. Product separation is crucial step in chemical production, it involves separation of impurities from chemical compounds or separating various chemical compounds from each other.

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Oil & gas industry plays vital role in the global energy system. Over 31% of primary energy used worldwide is met by oil-based fuels. Thus, oil & gas industry will have demand for separation equipment to separate, remove, or transform these various components such as salt; gases and solids to produce hydrocarbons for fuels. Rising demand for oil-based fuel will propel separation machinery market over the forecast period.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  1. Alfa Laval Corporate AB
  2. ANDRITZ
  3. GEA Group
  4. SWECO
  5. Russell Finex
  6. Mitsubishi Kakoki Kaisha, Ltd.
  7. ACS Manufacturing, Inc.
  8. CECO Environmental
  9. Gruppo Pieralisi - PIERALISI MAIP S.p.A.
  10. Ferrum AG
  11. Rotex
  12. Schlumberger Limited.
  13. Hiller Separation & Process
  14. Parkson Corporation
  15. Forsberg's, Inc
  16. Industriefabrik Schneider GmbH

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Industrial processing segment is likely to generate higher demand for separation machinery for the significant profitability from past few years. According to ICCA (The International Council of Chemical Associations) in 2012 the global chemical industry turnover was over USD 3492.90 billion. Further according to a report by government of India, the chemical export from India had increased from 9.3% in 2003-2008 to 10.6% in 2015-16.

Industrial processing segment held close to 25% market share in 2017 and is likely to witness growth on account of growing oil consumption per year. For instance, in India oil consumption have been growing by 4.1% per year according to Indian Chamber of Commerce. Water & wastewater segment has been witnessing significant growth in recent years with a strengthening government support for cleaner water consumption.

The leading global companies of separation equipment market include ANDRITZ, Russell Finex, SWECO, GEA Group, Alfa Laval Corporate, etc. There are several other small and medium scale companies operating the market which hold significant market share of global separation machinery market.

Related News - https://medium.com/@indutrynews/construction-equipment-market-research-report-2019-regional-insights-forecast-to-2024-volvo-a9bfafa6fbed

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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