Industrial Centrifuge Industry Procurement Intelligence Increasing Demand From Process Industries, Report 2020 – 2027| Grand View Research, Inc

Grand View Research, Inc
The global industrial centrifuge market was valued at USD 7 billion in 2020 and it is expected to grow at a CAGR of 4.5% from 2020 to 2027.

Procurement Outlook

A centrifuge is a machine used for fluid/particle separation by centrifugal force. Industrial centrifuges are classified into two major types; sedimentation and filtering centrifuges. Sedimentation centrifuges use centrifugal force to separate solids from liquids. It is also used to separate two liquids with different specific gravities. Sedimentation centrifuges include decanter, disk-stack, solid-bowl basket, and tubular bowl centrifuges. Filtering centrifuges use centrifugal force to pass a liquid through a filtration media, such as a screen or cloth while solids are captured by the filtering media. Filtering centrifuges majorly deal with perforated basket, pusher, and peeler centrifuges.

Demand Outlook

The global industrial centrifuge market was valued at USD 7 billion in 2020 and it is expected to grow at a CAGR of 4.5% from 2020 to 2027. The growth is attributed to the increasing demand from process industries such as chemical processing, food processing, metal processing, mining and mineral processing, pharmaceutical and biotechnology, fuel and biofuel industries, wastewater processing, etc. Among these, the chemical processing and pharmaceutical industry is leading the global industrial centrifuge industry with more than 40% revenue share in 2020. North America is the largest market for industrial centrifuges due to the presence of a wide range of domestic manufacturing and processing industries.

Cost Drivers

The cost driver of industrial centrifuges is significantly different from laboratory centrifuges. The procurement cost of industrial centrifuge is 10-15 times higher than the cost of laboratory centrifuges. As industrial centrifuge is made up of metal, the cost of metal procurement plays an important role in determining the cost of production. Raw material cost accounted for more than 40% of the overall cost of production. Many global manufacturers are shifting their production facilities to low-cost countries in APAC due to the efficient availability of raw materials and low variable costs.

Grab your copy, or request for a free sample of the “Industrial Centrifuge Industry Procurement Intelligence Report, published by Grand View Research” for In-depth details regarding supplier ranking and selection, sourcing, and pricing criteria & strategies.

Add-on Services provided by Grand View Research Pipeline:

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain which helps in efficient procurement decisions.

Our services include (not limited to):

•             Market Intelligence involving – market size and forecast, growth factors, and driving trends

•             Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

•             Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

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