The High Pressure Grinding Roller (HPGR) market is expected to reach
USD 387.3 million by 2022, according to a new report by Grand View Research,
Inc. Increasing mining industry and need for energy efficient solutions
worldwide is expected to contribute to revenue growth.
According to Coalition for Eco-Efficient Comminution
(CEEC), crushing and grinding consumes around 53% of the total energy used by
mining sites, which accounts over 10% of overall mining cost. Additionally,
mining sites are also shifting towards remote areas as accessible ore
reservoirs are almost exhausted.
These remote areas have limited access to energy,
infrastructure and labor, thus increasing the need for efficient comminution
solutions. Rising energy cost worldwide is also compelling companies to lower
their consumption level to cut costs.
Growth of the cement and mineral industry is
expected to boost its demand over the forecast period. Increase in consumer
demand for metals such as gold and silver is expected to favor high pressure
grinding roller industry growth over the forecast period. Gold demand is
expected to be stable owing to its financial, cultural and emotional value,
mostly in Asia Pacific. This technology also offers benefits such as low
operating costs, increased lifetime, selective liberation, high throughput
rates, and easy maintenance and control.
View
summary of this report @
http://www.grandviewresearch.com/industry-analysis/high-pressure-grinding-roller-market
http://www.grandviewresearch.com/industry-analysis/high-pressure-grinding-roller-market
Further key findings from the report
suggest:
- The HPGR market is technology-driven and continuously evolving. Base metal liberation is anticipated to show high potential owing to increasing use of zinc, nickel, lead and copper in various industrial and commercial applications. Precious metal beneficiation is expected to be the key application segment and was valued over USD 75.0 million in 2014.
- The components segment can be segregated as ferrous metals, ferroalloys processing and non-ferrous minerals processing. HPGR technology offers a scope for throughput optimization, increased availability, less wear-ability and lesser power requirement, in processing of non-ferrous metals. Non-ferrous mineral processing is estimated to be key component segment over the next seven years, and is estimated to grow with a CAGR of around 5.8% from 2015 to 2022.
- Asia Pacific is estimated to be the key region and was valued over USD 80 million, and is expected to grow at a CAGR at 6.5% from 2015 to 2022. Regional growth is supported by increasing infrastructure development and manufacturing activities. Mining player in the region may witness lower operating cost owing to increasing labor & energy cost and mining taxes.
- Key vendors dominating high pressure grinding roller market share include FLSmidth & Co. A/S, SGS S.A., KHD Humboldt, ABB Ltd, Wedag International AG, and Koppern Group. Other prominent vendors include Metso Oyj, ThyssenKrupp Industrial Solutions AG (Polysius AG), Outotec Oyj, and CITIC Heavy Industries Co. Ltd. (CITIC HIC). In October 2013, CITIC HIC announced that it had received an order for SAG Mill from SEDGMAN Limited for their Aurora Gold Project. In January 2013, CITIC HIC announced the acquisition of SMCC Pty Ltd (SMCC).
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
Grand View Research has segmented the high
pressure grinding roller market on the basis of application, component and region:
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)
Component Outlook (Revenue, USD Million, 2012 – 2022)
- Ferrous metals and ferroalloys processing
- Non-ferrous minerals processing
High Pressure Grinding Roller (HPGR)
Regional Outlook (Revenue, USD Million, 2012 – 2022)
- 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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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