Grand View Research, Inc. – Market Research And Consulting.According to report published by Grand View Research, The high pressure grinding roller (HPGR) market is expected to reach USD 387.3 million by 2022, The growing mining industry and the need for energy efficient solutions worldwide are expected to contribute to the revenue growth.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.
Browse full research report with TOC on “High Pressure Grinding Roller (HPGR) Market Analysis by Power Rating (2 x 100 kW – 2 x 650 kW, 2 x 650 kW – 2 x 1,900 kW, 2 x 1,900 kW – 2 x 3,700 kW, 2 x 3,700 kW, and above), Application (Diamond Liberation, Base Metal Liberation, Precious Metal Beneficiation, Pellet Feed Preparation), by Type (Ferrous Metals and Ferroalloys Processing, Non-Ferrous Minerals Processing), and Segment Forecasts till 2022” at: http://www.grandviewresearch.com/industry-analysis/high-pressure-grinding-roller-market
North America High Pressure Grinding Roller Market By Application, 2012 – 2022 (USD Million)
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).
View more reports of this category by Grand View Research at: http://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
High Pressure Grinding Roller (HPGR) Regional Outlook (Revenue, USD Million, 2012 – 2022)
North America
U.S.
Canada
Europe
UK
Germany
France
Asia Pacific
India
Japan
China
Latin America
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, 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
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