The High Pressure Grinding Roller (HPGR) Market is estimated to be valued at US$ 377.5 Mn in 2022 and is expected to exhibit a CAGR of 6.8% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
High pressure grinding roller (HPGR) is a new energy-saving grinding process in the cement industry, which involves compressing and crushing materials between two counter-rotating drums or cylinders with the help of pure mechanical pressure. HPGR helps improve energy efficiency in comminution and considerably increases the throughput of mineral grinding circuits.
Market key trends:
One of the key trends driving the growth of the HPGR market is its ability to significantly improve comminution efficiency compared to conventional grinding methods. HPGR provides around 30-40% higher throughput along with energy savings of 20-30%. It requires lower capital investment and offers reduced maintenance costs compared to conventional grinding processes such as SAG and ball mills. Additionally, it produces intermediatesized coarse material suitable for finish grinding which is achieved at much lower power intensity. These factors have led to a rising adoption of HPGR systems across various mineral processing and cement manufacturing industries globally.
Porter’s Analysis
Threat of new entrants: Low capital requirements and established value chain pose low threat of new entrants. However, presence of major players makes entry difficult.
Bargaining power of buyers: Large number of buyers with specialized requirements results in moderate bargaining power.
Bargaining power of suppliers: Few technology providers and components suppliers possess moderate bargaining power.
Threat of new substitutes: No major substitute threatens overall demand.
Competitive rivalry: Intense competition among established players to gain market share leads to competitive pricing.
SWOT Analysis
Strength: Product reliability and operational efficiency strengthen market position. Cost-efficient technology for mineral processing.
Weakness: Heavy capital investment requirements and long payback period. Require specialized skills for operations and maintenance.
Opportunity: Growing mineral processing industries in emerging markets present significant growth avenues. Technological advancements to improve productivity.
Threats: Economic slowdowns can curb new investments. Stringent environmental regulations increase compliance costs.
Key Takeaways
The global High Pressure Grinding Roller (HPGR) Market Share is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing mineral production and rising demand for cost-efficient comminution equipment.
Regionally, the Asia Pacific HPGR market is anticipated to dominate over 2022-2030 on account of robust growth in mineral mining sector in China, Australia and India. Rapid urbanization and infrastructural development programs in the region fuel mineral commodity demand.
Key players operating in the HPGR market are FLSmidth & Co. A/S, Metso Oyj, Koppern Group, CITIC Heavy Industries Co. Ltd. (CITIC HIC), ThyssenKrupp Industrial Solutions AG (Polysius AG), SGS S.A., KHD Humboldt Wedag International AG, Outotec Oyj, and ABB Ltd. Major players focus on product innovation and geographic expansion strategies to gain competitive edge.
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https://www.insightprobing.com/high-pressure-grinding-roller-market-trends-size-and-share-analysis/Industrial Automation and Machinery, High Pressure Grinding Roller (HPGR), High Pressure Grinding Roller (HPGR) Market
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