Sludge dewatering equipment market Outlook: Industrial applications to boost the industry revenue over 2016-2024
Publisher : Fractovia | Published Date : 2017-03-17Request Sample
Strict government regulations to curb environmental harm due to sludge will push sludge dewatering equipment market globally. With the rapid growth in population along with urbanization, the demand for effective sludge disposal is heightening. Legislations such as U.S. Solid Waste Disposal Act, 1965, which prohibits landfilling, ocean damping, and incineration of sludge, to control the ecological damage will have a positive impact on the industry trends. According to Global Market Insights, Inc., “Sludge Dewatering Equipment Market size for exceeded a revenue worth USD 3 billion and is poised to witness a substantial gain at a CAGR of 4% over the period 2016-2024.”
Industrial and municipal waste are the two major end-users of sludge dewatering equipment market. The industrial application segment is expected to surpass USD 2.5 billion by 2024, driven by the growing volume of industrial waste from different factories due to rapid industrialization.
U.S. Sludge Dewatering Equipment Market size, by application, 2014-2024 (USD Billion)
Heaping of municipal waste in recent past years is also providing new vistas for the expansion of sludge dewatering equipment market in this sector. Municipal application is forecast to grow at an annual rate of 4% over 2016-2024.
Based on the technology, sludge dewatering equipment industry is segmented into Belt Filter Press, Rotator Disc, Centrifuges, and Screw Disc. Belt filter press segment is expected to cross USD 600 billion by 2024, driven by some of the factors such as cost effectiveness, easy equipment maintenance, and user friendliness. Centrifuge segment, which was estimated at USD 800 million in 2015, is anticipated to witness substantial growth over the coming seven years. Growing demand for centrifuge sludge dewatering equipment by municipal corporations will drive the growth.
Sludge dewatering equipment market share in rotator disc segment, worth USD 600 million in 2015, is anticipated to grow substantially over the coming period of 2016 to 2024. High demand for rotator discs for removing municipal wastes is anticipated to boost the industry revenue. Screw press sludge dewatering market will also exhibit a substantial growth over the coming timeframe.
Geographically, UK Sludge dewatering equipment industry will collect a revenue of more than USD 450 million over the coming seven years. The growth can be attributed to the surging awareness among the end users and unavailability of usable land.
China sludge dewatering equipment market is anticipated to exceed a revenue of USD 400 million by 2024. Chinese government is putting their efforts to minimize the environmental losses by filing the regulations like Solid Waste Amendment 2004, which favors to dispose the waste effectively.
U.S. sludge dewatering equipment market size worth USD 1 billion in 2015, is anticipated to generate lucrative revenue over the coming years of 2016 to 2024, owing to the implementation of stringent environmental norms regarding the waste/sludge treatment.
Germany sludge dewatering equipment industry is predicted to exhibit CAGR of 4% over the coming period of 2016 to 2024. Legislations such as Hazardous Waste Regulations 2005 are expected to positively impact the human health and ecology, thereby augmenting the market growth.
The industry giants will invest heavily in R&D activities to enhance the product portfolio. Andritz, Veolia water, Huber, Alfa Laval,Flo Trend, Dewaco ,and Palmetto Water Solutions are the key players in sludge dewatering equipment market.
