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 .