Separation Machinery Market size will likely reach USD 110.6 billion by 2027, according to a new research report by Global Market Insights Inc.
Increasing product demand from the oil & gas industry
Separation machines find extensive applications in the oil & gas industry for the separation of well fluids. In the oil & gas industry, large separating machines, such as stage separators, traps, knockout drums, knockout traps, water knockouts or liquid knockouts, flash vessels or flash traps, expansion separators or expansion vessels, scrubbers, filters, are used to separate oil & gas, oil & water, gas & water, oil or gas, and other materials obtained from oil & gas wells. These kinds of separation machinery play a significant role in the separation of oil & gas and in oil refining.
The use of separation machinery helps in obtaining products with better purity and contributes to the final cost of the product. These significant applications of separation machinery in the oil & gas industry will significantly boost the separation machinery market through 2027 owing to the positive outlook from North America and the Middle East & Africa.
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Magnetic separation machinery market demand is expected to grow with a CAGR of 4.2%
The magnetic separators market valued at USD 5.9 billion in 2020 and is anticipated to expand at around 4.2% CAGR till 2027. Magnetic separators are found in most mineral processing operations, basically those that are processing non-metallic minerals and magnetic ores. These separators are used for minerals, which show paramagnetic (minerals that are only slightly affected by an applied magnetic field) ferromagnetism (minerals which show high degree of magnetic alignment).
The food & beverage industry has experienced exceptional growth in recent years and continues to expand rapidly, mainly in the emerging economies. The rapidly growing food & beverages industry in these countries is likely to drive the industry growth.
Browse key industry insights spread across 200 pages with 184 market data tables & 27 figures & charts from the report, “Separation Machinery Market Size By Product (Industrial Centrifuges, Magnetic Separators, Membrane Separators, Stage Separators, Industrial Strainers & Sieves, Evaporators), By Application (Life Sciences, Water & Wastewater, Transportation, HVAC & Environmental, Industrial Processing), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
The water & wastewater industry will fuel the North America market
The North America separation machinery market revenue is poised to exceed USD 36 billion in 2027 propelled by rising demand in water & wastewater industry. According to the Environmental Business Journal, the U.S. Water Industry grew by 3% in 2015, generating a total of USD 160 billion.
The two biggest segments in the water industry are the wastewater treatment and water utility. Growth in the wastewater segment is due to increasingly comprehensive regulatory controls and regulations on new discovered contaminants, both of which have testing and monitoring requirements that will continue to expand. Increased scarcity, growing public discontent over caustic treatment & practices, and a decline of design-bid-build models (infrastructural firms controlling supply chains) are accelerating innovations in water technologies.
Improving filtration technologies; for instance, nanofiltration membranes are increasingly showing results in controlling pathogens and filtering different types of contaminants. This technology utilizes less energy and simultaneously creates less waste and is cost-effective.
Merger & acquisition is the major strategy used by multinational companies
Separation machinery market players are incorporating merger & acquisition strategy to increase their presence across the globe. For instance, in December 2017, Schlumberger acquired Weatherford’s Oil-well business to better compete against Halliburton and Keane Group. This will increase competitiveness and increase its revenue. Some prominent companies operating in the industry are Gruppo Pieralisi, Ferrum AG, Rotex, Schlumberger Limited, ANDRITZ, and Alfa Laval Corporate AB.