Global Sedimentation and Centrifugation Market 2017-2021
The Sedimentation and Centrifugation Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors for 2017-2021. The following companies are the key players in the global sedimentation and centrifugation market: GEA, Alfa Laval, ANDRITZ, and Thermo Fisher Scientific. Other Prominent Vendors in the market are Evoqua Water Technologies, Ferrum, Flottweg, FLSmidth, Gruppo Pieralisi, Helmer Scientific, Hettich, Hiller, Labnet International, MI Swaco, Rousselet Robatel, TEMA Systems, and Thomas Broadbent & Sons.
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One trend in Sedimentation and Centrifugation Market is next generation centrifuges. With intense investments by companies in R & D and growing technological advances, the demand for next-generation centrifuges is high. Iran ' s next generation centrifuges are 15-16 times more powerful than their firstgeneration centrifuges. These centrifuges were mainly developed for nuclear infrastructure.
Iran signed a nuclear agreement with Russia in 2015 to conduct R & D with uranium for advanced centrifuges. This is a 10-years deal, which has been made by Iran and has planned to use IR-4, IR-5, IR-6, and IR-8 centrifuges. With the help of these next generation advanced centrifuges, uranium enrichment will be completed successfully.
According to the report, one driver in Sedimentation and Centrifugation Market is increasing demand from process industries. Process industries such as food and beverage, chemicals, pharmaceuticals, and pulp and paper require sedimentation and centrifugation equipment for completing the production process with the respective raw materials to achieve the end-product.
For instance, in the food and beverage industry, a centrifuge is used to separate cream from milk. India is ranked as the leading country in terms of production of milk, which constituted about 18.5 % of the world ' s milk production in 2015-2016. The integrated system of collecting, transporting, processing, and distributing the milk to the respective end-user is the main reason for the boom in the dairy sector in India. With increased milk production, subsequent growth of milk products has also increased.
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Further, the report states that one challenge in Sedimentation and Centrifugation Market is low crude oil prices. The oil and gas industry has been exhibiting a volatile business environment. The year 2014 was marked by various price shocks as oil price shot up to $ 90- $ 100 per barrel, which dipped to a modest $ 60 per barrel by the end of 2014.
A further decline in crude oil prices was seen in the following year with figures dipping to $ 40- $ 50 per barrel during the mid-summer period. Prices came down to $ 40 per barrel by the end of 2015. Thus, oil and gas companies faced almost a drop of 50 % in their revenue in a span of one year. Crude oil price further declined to a record of $ 30 per barrel in January 2016 and raised $ 50 per barrel by June end. This resulted in austerity budgets and severe reduction in expenditures.