Europe Industrial Centrifuge Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The European industrial centrifuge market is expected to register a CAGR of around 3.7% during the forecast period. The COVID-19 pandemic impacted the production of industrial machinery due to several issues, such as the rise in raw material costs and a lack of workforce to operate the machinery. According to Eurostat, the industrial production index for capital goods reduced from 100 to 60 in 2020, and the highest drop was recorded in the first wave of the pandemic. The European industrial centrifuge market is likely to grow in the future due to the increasing demand for waste-water treatment facilities in the region and the growth in pharmaceuticals and biotechnology industries. However, technological constraints like the noise level of centrifuges, which is extremely high even under normal operating conditions, are likely to impede the market's growth in the coming years.
Key HighlightsThe European industrial centrifuge market is moderately fragmented. Some of the key players in the market include Alfa Laval AB, Andritz AG, GEA Group AG, HAUS Centrifuge Technologies, and Flottweg SE.
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