The global resource circulation equipment market is expected
to reach USD 18.55 billion by 2020, according to a new study by Grand View
Research, Inc. Increasing industrial & electronic waste coupled with
stringent environmental regulations are expected to drive RCE demand over the
next six years. Recent uptrend in recycling rate and efficiency is also
expected to have a positive impact on resource circulation equipment sales.
However, high initial investment cost is expected to be a key challenge for
market participants.
Electrical & electronics emerged as the
leading application segment for resource circulation equipment and accounted
for 20.6% of total market revenue in 2013; this is also expected to be the
fastest growing application segment, at an estimated CAGR of 8.3% from 2014 to
2020. Demand for RCE in metal industry is expected to exceed USD 2.5 billion by
2020, growing at a CAGR of 7.9% from 2014 to 2020. Increasing industrial waste
and scrap recycling activities are expected to drive the growth of this segment.
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http://www.grandviewresearch.com/industry-analysis/resource-circulation-equipment-market
Further key findings from the study suggest:
· North America was the largest regional
market with 39.4% of total market share in 2013. Increase in industrial and
electronic waste, particularly in the U.S. and Mexico is expected to drive the
demand for RCE in North America.
· North America was closely followed by Asia
Pacific which is expected to be the fastest growing regional market for RCE at
an estimated CAGR of 8% from 2014 to 2020. Rapid industrialization and
increasing need to recycle the waste generated from various industries
particularly in emerging markets of China and India is expected to drive the
regional market for RCE.
· Major companies in global resource
circulation equipment market include Kawasaki Heavy Industries Ltd., Metso,
Komptech GmBH, Vecoplan, Wolf Material Handling Systems and Foster Wheeler.
Other companies include Clean Burn Inc., Lurgi AG, JFE Engineering Corporation,
ShowaDenko, ThermoSelect SA, and ECO Green Equipment.
Grand View Research has segmented the
resource circulation equipment market on the basis of application and region:
Global Resource Circulation Equipment
Market Application Outlook (Revenue, USD Million, 2012 - 2020)
·
Automotive
·
Construction
·
Electrical & Electronics
·
Paper
·
Plastic & Polymers
·
Metal
·
Oil & Gas
·
Others (Agriculture, Medicine, etc)
Global Resource Circulation Equipment
Regional Outlook (Revenue, USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
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.
For More Information: www.grandviewresearch.com
