Highly efficient and cost-effective nature of separation device-hydrocyclones expected to boost sales over the assessment period
According to the latest study by Fact.MR, a market research and competitive intelligence provider, the global hydrocyclones market is estimated at US$ 664 million in 2022 and is forecasted to expand at a healthy CAGR of 6.7% between 2022 and 2032.
Hydrocyclones are used for the efficient separation of slurry particles on the basis of their weight. These are basically separators that have the ability to apply a modest amount of centrifugal force. They are prominently used in the mining industry to separate fine particles and coarse in slurry based on their density and size.
This separation device works as a bottleneck in the crushing, grinding, and mining sectors. It is a simple device that does not have any moving parts. Due to its simple and compact nature, it can be installed anywhere with less space and at a lower cost. It can be used for various applications such as the recovery of solids, clarification, open-circuit classification, closed-circuit grinding, and others.
As hydrocyclones are a vital equipment for liquid-solid separation processes, they are widely utilized in several industries such as oil & gas, energy, construction, agriculture, pharmaceuticals, and others.
Key Takeaways from Market Study
- The global hydrocyclones market is projected to grow 1.9X and reach US$ 1.27 billion by 2032.
- The market expanded at 2.3% CAGR between 2017 and 2021.
- Under separator type, pressure type hydrocyclones dominate the market with a US$ 443.5 million valuation.
- North America led the global market with 26.5% market share in 2021.
- Together, East Asia and Europe are likely to represent 29.9% market share in 2022.
- Sales of hydrocyclones are expected to increase at CAGRs of 7.9% and 5.9%, respectively, in MEA and Europe.
Prominent market players(McLanahan, KSB Inc., Exterran, DEL Corporation) are now emphasizing improving the design and efficiency of the product through various technological advancements. Connected hydrocyclones are an emerging technology that is used for solid-liquid separation. It is a versatile device that can be utilized in various working conditions and provide optimal operational efficiency.
Additional features such as the use of sensors to improve the efficiency of these devices should be introduced by manufacturers with the assistance of the R&D sector. Market players should try creating direct contacts with end users for developing a streamlined supply chain, such as oil & gas, construction, energy, agriculture, pharmaceuticals, mining, and other industries, which will lead to long-term growth.