Over the next five years， the Wedge Wire Screen market will register a 2.6% CAGR in terms of revenue, the global market size will reach US$ 737 million by 2024, from US$ 665.2 million in 2019.
The global wedge wire screen market is expected to grow from USD 682.58 million in 2019 to USD 831.23 million by 2027, at a CAGR of 2.58% during the forecast period from 2020-2027.
A wedge wire screen is a multifunctional screen which used to provide the high levels of wear resistance in corrosive and abrasive mineral processing applications. These screens are useful for various applications such as filtration, solid-liquid separation, dewatering, concentration, etc. Wedge wire screens are widely available in different shapes such as tube, cylinders, and sieves in the market
Increasing usage of wedge wire screens in various end-user industries is one of the key factors driving the growth of the market. Some of the key end-use industries for the wedge wire screens are a brewery and nuclear power plant industry. Wedge wire screens are commonly used for the filtration of crushed grains from the fermentation broth in the brewery process. In addition to this, usage of wedge wire screens is increasing in nuclear power plants as a structural filter material, due to its excellent filtration precision, high structural strength, and smooth backwashing performance. However, high cost and high maintenance of wedge wire screens may hamper the market growth over the forecast period.
This study delivers a comprehensive analysis of type, application, sales channel, and region. The type segment includes the flat screen, cylinder screen, basket screen, and sieve bend screen. The cylinder screen segment dominated the market and held the highest market share of 34.06% in 2019, owing to its high usage in heavy-duty filtering and screening in the mine, coal, mineral, and other applications. It has a larger diameter than other types of wedge wire screens; thus, it can be used in the larger machines and higher load capacities. The application segment includes water treatment, food and beverage, pulp and paper, mining and mineral, chemical and petrochemical, biogas production, and livestock slurry treatment. The water treatment segment held the largest market share and valued at USD 211.36 million in 2019, due to the increasing usage of wedge wire screens in the water management plants for water treatment and to improve the water quality. Sales channel segment classified into the direct channel and distribution channel. The distribution channel segment is anticipated to grow at the highest CAGR of 2.62% over the forecast period, owing to increasing distribution and sales of wedge wire screens through distributors such as dealers and retailers.
The market has been classified into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific dominated the global wedge wire screen and held the highest market share of 48.56% in 2019. Increasing the use of wedge wire screens in the water treatment, in the brewery industry, and management of wastewater, raw water, and various other industrial applications driving the growth of the market in this region. In addition to this, the presence of prominent players in countries such as China and India, further boosting the growth of the wedge wire screen market.
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