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.
In depth research report on High Pressure
Grinding Roller (HPGR) 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).
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
High Pressure Grinding Roller (HPGR)
Regional Outlook (Revenue, USD Million, 2012 – 2022)
•
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
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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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