Posted 4/10/2024, 1:00:00 AM
Decanter Centrifuge Market to See Steady Growth Driven by Technology Advances and Industrial Demand
- Global decanter centrifuge market projected to grow from $2 billion in 2023 to $3.25 billion in 2033, exhibiting a CAGR of 5%
- Growth driven by advancements in decanter centrifuge technology and increasing demand from industries like chemicals, oil & gas, food & beverages
- North America to dominate the market through 2033 due to strict environmental regulations and investments in innovation
- Two-phase decanter centrifuges accounted for 55% market share and $1.1 billion revenue in 2023
- Technological developments like automation, remote monitoring, predictive maintenance to fuel future market growth