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.
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.
To Know More About High Pressure Grinding Roller Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/high-pressure-grinding-roller-market
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.
Top Players of High Pressure Grinding Roller (HPGR) Market:
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).
Key Findings of High Pressure Grinding Roller (HPGR) Market:
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.
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.
To Know More About High Pressure Grinding Roller Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/high-pressure-grinding-roller-market
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.
Top Players of High Pressure Grinding Roller (HPGR) Market:
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).
Key Findings of High Pressure Grinding Roller (HPGR) Market:
- 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.
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