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Separation Machinery market to grow at 4.2% CAGR

DUBAI, March 7, 2021

The Separation Machinery Market is set to grow from its current market value of more than $82.6 billion to over $110.6 Billion by 2027, gaining remarkable traction over the 2021 to 2027 period, according to market research firm Global Market Insights.
 
The separation machinery market is set to witness promising growth over the forthcoming time period owing to increasing pharmaceutical expenditure across the globe, expanding HVAC industry, rising adoption of industrial sieves in food industry, flourishing chemical industry, and increasing use of stage separators in the fuel & biofuel industry.
 
Material separation is an essential first step in the recycling process. The precise separation equipment properly tuned for a certain application will always play a key role in forming a greater recovery rate.
 
The separation machinery market is bifurcated into various segments in terms of product, application, and regional landscape.
 
With respect to product, the separation machinery market is classified into evaporators, industrial strainers & sieves, stage separators, membrane separators, magnetic separators, industrial centrifuges. Among these, membrane separators segment will witness tremendous growth over the coming years owing to the increasing pharmaceutical expenditure across the globe. Pharmaceutical waste can be effectively treated with the membrane separators.
 
Increasing oil & gas industry in Middle East & Africa and North America is anticipated to drive the stage separators segment demand over the forecast timespan. In the fuel and biofuel industry, stage separators are used to increase the hydrocarbon liquid recovery.
 
In the industrial strainers & sieves segment, industrial strainers are used in pipelines to protect regulators, steam traps, pumps, control valves, meters as well as other process equipment. While industrial sieves are used for eliminating foreign bodies that are a source of contamination in the food industry.
 
Meanwhile, in evaporators segment, flash evaporators and liquid-vapour separators are mainly used in the chemical industry. Rapidly growing chemical industry in Europe is likely to drive the evaporators demand in the region. According to the European Chemical Industry Council, the world chemical sales in 2018 were approximately $4.06 trillion. 
 
The other separation machinery equipment includes gravity filtration equipment, vacuum filtration, filtration equipment among many others. Among these, vacuum filtration is used primarily to collect a desired solid. Gravity filtration is used to remove solid impurities from an organic liquid.
 
In terms of application, the overall separation machinery market is categorised into industrial processing, HVAC & environmental, transportation, water & wastewater, life sciences, and others. The others segment in separation machinery for application includes chemical industry where separation machinery is mainly used for separating and purifying numerous chemicals and solvents.
From a regional frame of reference, the separation machinery market in Latin America will witness substantial growth owing to the expanding HVAC industry across the region. The growth of this industry is mainly ascribed to the growing population, rise in new home sales, increasing expenditure on construction, and growing industrial activities in the region. 
 
The HVAC industry further aims to provide cost-effective equipment to meet the increasing energy needs of commercial & industrial customers along with green technology & process requirements. High population growth in the region has also invited various regulations from the government. To reduce particulate matter & CO2 emissions, the HVAC industry will thus have a positive outlook over the projected time period.-- Tradearabia News Service



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