It was estimated prior to this unanticipated outbreak that the Sludge Dewatering Equipment Market was likely to witness an impressive CAGR of 8.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Market Share Analysis
Sludge Dewatering Equipment Market Share: By Technology Type
Based on the technology type, the market is segmented as belt filter press, centrifuges, screw press, and others. The centrifuges segment held the largest share of the market in 2019, whereas the belt filter press segment is expected to register the fastest growth during the forecast period. The centrifuges segment is mainly driven by its low capital cost, moderate operational cost, and low drying time. It is widely used in municipal wastewater treatment and heavy oil sludge treatment applications.
Sludge Dewatering Equipment Market Share: By Application Type
Based on the application type, the sludge dewatering equipment market is segmented as municipal and industrial. The municipal segment is expected to witness a faster growth in the market, over the forecast period, owing to the rapidly growing urban population, increasing investments, and government concern to expand infrastructure development. Limited availability of land for the disposal of waste has necessitated the establishment of wastewater treatment facilities in the metropolitan cities.
Sludge Dewatering Equipment Market Share: By Region
In terms of regions, Europe is estimated to be the largest market during the forecast period, with Germany, France, the United Kingdom, and Russia being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the rising pressure on industries to achieve operational efficiencies by reducing their wastewater and sludge discharge.