Skip to main content

Posts

Showing posts with the label High Pressure Grinding Roller Industry

High Pressure Grinding Roller Industry Analysis and Global Forecast to 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. 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 industr...