Global Mineral Processing Equipment Market Overview:
Mineral processing equipment is the machinery or range of equipment used in mining processing industries for several stages of the process of mining. It is used in crushing, grinding, milling, granulating, sampling, sizing, dewatering, and others. The equipment is available in different types such as attrition scrubbers, belt filter press, bucket wheels – dewatering, and others. Minerals such as iron, coal, aluminum, nickel, copper, and other minerals are processed by using mineral processing equipment.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Consumption of Mineral Processing Equipment is Increasing in the Asian Market
Market Growth Drivers:
Demand for Automation, Faster and Effective Mining Processing Operations and Growing Mining Exploration Activities Across the Different Regions
Challenges:
High-Cost Investment in Production and Installing of Mineral Processing Equipment
Restraints:
Stringent Regulatory Guidelines on the Production and Distribution of Mineral Processing Equipment Market
Opportunities:
Surging Government Investment and Spendings on Mining Sector will Boost the Mineral Processing Equipment and Technological Advancement in the Mineral Processing Equipment
Competitive Landscape:
Some of the key players profiled in the report are Multotec (South Africa), FEECO International, Inc. (United States), Metso Oyj (Finland), McLanahan (United States), HMA Group (Australia), African Pegmatite (South Africa), L&H Industrial (United States), Kemper Equipment (United States), Bepex International LLC (United States), VERDES (Spain), MGX Minerals Inc. (Canada), Prater Industries (United States) and FLSmidth & Co. A/S (Denmark). Considering Market by Mineral, the sub-segment i.e. Coal will boost the Mineral Processing Equipment market. Considering Market by Sales Channel, the sub-segment i.e. Offline will boost the Mineral Processing Equipment market. Considering Market by Operation, the sub-segment i.e. Automatic will boost the Mineral Processing Equipment market.
Latest Market Insights:
On 29th July 2021, FLSmidth A/S and ThyssenKrupp AG have reached an agreement whereby FLSmidth will acquire ThyssenKrupp's mining business. Completion of the transaction is expected in 2H22 and is subject to merger control clearance and closing. The enterprise value is €325 million.
On 12th January 2022, MGX Minerals Announces the Engagement of Metso-Outotec for Silicon Processing. The primary piece of processing equipment is a sub-merged arc furnace (“SAF”). This electric arc furnace generates heat up to 1600 degrees Celsius sufficient to melt the quartzite. The liquid metal is then tapped and poured into bricks and roughly crushed into 3”-4” pieces for shipment.
What Can be Explored with the Mineral Processing Equipment Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Mineral Processing Equipment Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Mineral Processing Equipment
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Mineral Processing Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Mineral Processing Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Mineral Processing Equipment Manufacturers, Mineral Processing Equipment Industrial Associations, Mineral Processing Equipment Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.