San Francisco,5 October
2018: The high
pressure grinding roller (HPGR) market is expected to reach USD 387.3 million by 2022,
according to a new study conducted by Grand View Research, Inc. The growing
mining industry and the need for energy efficient solutions worldwide are
expected to contribute to the revenue growth.
According to Coalition for Eco-Efficient
Comminution (CEEC), crushing and grinding consume around 53% of the total
energy used by mining sites, which accounts for over 10% of the overall mining
cost. In addition to this, mining companies are shifting their focus toward
remote areas as accessible mineral reservoirs are on the verge of extinction.
These remote areas have limited resources including energy, infrastructure, and
labor, thus increasing the need for efficient comminution solutions. The high
energy requirements and rising electricity costs worldwide are also compelling
industry players to lower their consumption level in order to cut costs.
The growth of the cement and mineral
industry is expected to boost its demand over the forecast period. The gold
demand is expected to be stable owing to its financial, cultural, and emotional
value, mostly in Asia Pacific. The increase in consumer demand for metals such
as gold and silver is expected to favor the required machines in the mining
industry, including the high pressure grinding rollers over the forecast period
in the Asia Pacific region. This technology also offers additional benefits
including low operating costs, increased lifespan, selective liberation, high
throughput rates, easy maintenance, and effective control.
Access
Research Report of High Pressure Grinding
Roller Market @ www.grandviewresearch.com/industry-analysis/high-pressure-grinding-roller-market
Further key findings from the study suggest:
· The 2 x 650 – 2 x 1900 kW power rating
segment was valued at USD 74 million in 2015and is expected to expand at a CAGR
of 5.9% over the forecast period. Such rollers have a considerable demand for
the base and precious metal mining, for instance, copper and gold. This segment
is expected to be driven by mining activities in the African and Asian
countries such as South Africa, China, and Japan along with the increasing
infrastructure development in the emerging economies.
· The HPGR market is technology-driven and
OEMs are focusing on enhancing the capabilities of their existing product. The
base metal liberation is anticipated to show a high potential owing to the
increasing use of zinc, nickel, lead, and copper in various industrial and
commercial applications. The precious metal beneficiation was valued at over
USD 86 million in 2015 and is expected to be the key application segment in the
near future.
· The market is segmented on the basis of
type as ferrous metals and ferroalloys processing, and non-ferrous minerals
processing. The HPGR technology offers a scope for throughput optimization,
less wearability, and lesser power requirement in the processing of non-ferrous
metals. The non-ferrous mineral processing is estimated to be a key segment
over the next seven years and is estimated to grow at a CAGR of 5.9% from 2016
to 2022.
· Asia Pacific is estimated to be the key
region and was valued at over USD 90.2 million in 2015, and is expected to
expand at a CAGR of6.7% from 2016 to 2022. The regional growth is supported by
the increasing infrastructure development and manufacturing activities in
countries such as India and China. However, the mining industry players in the
region may witness higher operating costs owing to the increasing labor &
energy costs and mining taxes.
· The key vendors dominating the HPGR market
include FLSmidth & Co. A/S, SGS S.A., KHD Humboldt, ABB Ltd., and
KöppernGroup. Other prominent vendors include MetsoOyj, ThyssenKrupp Industrial
Solutions AG (Polysius AG), OutotecOyj, and CITIC Heavy Industries, Co., Ltd.
(CITIC HIC).
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
Grand View Research has segmented the High
Pressure Grinding Roller (HPGR) market on the basis of power rating,
application, type, and region:
High Pressure Grinding Roller (HPGR) Power
Rating Outlook (Revenue, USD Million, 2012 – 2022)
·
2 x 100 kW – 2 x 650 kW
·
2 x 650 kW – 2 x 1,900
·
2 x 1,900 kW – 2 x 3,700 kW
·
2 x 3,700 kW and above
High Pressure Grinding Roller (HPGR)
Application Outlook (Revenue, USD Million, 2012 – 2022)
·
Diamond liberation
·
Base metal liberation
·
Precious metal beneficiation
·
Pellet feed preparation
High Pressure Grinding Roller (HPGR) Type
Outlook (Revenue, USD Million, 2012 – 2022)
·
Ferrous metals and ferroalloys processing
·
Non-ferrous minerals processing
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
o
France
·
Asia Pacific
o
India
o
Japan
o
China
·
Latin America
o
Brazil
·
MEA
Access Press Release of
High Pressure Grinding Roller Market@ www.grandviewresearch.com/press-release/global-high-pressure-grinding-roller-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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