The global market for resource circulation equipment is the prime focus of analysis in a new research report published by Transparency Market Research. The study, titled “Resource Circulation Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019,” offers a clear picture of the market, emphasizing on the key drivers and barriers, product segmentation, challenges and opportunities, major geographical segments, and competitive landscape.According to the research study, in 2012, the global resource circulation equipment market was worth US$10.70 bn and is expected to reach a value of US$17.65 bn by the end of 2019. The market is projected to register a 7.50% CAGR between 2013 and 2019.
Browse the full Resource Circulation Equipment Market for Automotive, Construction, Electrical & Electronics, Paper, Plastic & Polymers, Metal, Oil & Gas and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019 report at http://www.transparencymarketresearch.com/resource-circulation-equipment.html
The global market for resource circulation equipment witnessed a noteworthy drop in demand owing to the economic downturn across the globe between 2008 and 2009. Nevertheless, since 2010, the resource circulation equipment market grew substantially due to an uptick in demand from application industries resulting from the revival of the worldwide economy.
Yet, the high investment costs and relatively high prices of recycled products are the key factors expected that will continue to curb the growth of the global market for resource circulation equipment in the near future. On a positive note, the increasing government expenditure and incentives and the substantial growth in construction and industrial waste are the major factors propelling the market. In addition, the upcoming recycling facilities and shrinking land allocated for landfills could further augment the growth of the market.
The global market for resource circulation equipment has been segmented on the basis of application into automotive, electrical and electronics, oil and gas, paper, metal, plastic and polymer, construction, and others. In 2012, the electrical and electronic equipment segment dominated the market, holding a 20% share in the global market for resource circulation equipment. The concept of recycling in the electrical and electronic equipment sector is expected to remain the key factor fueling the growth of this segment in the next few years.
The global market for resource circulation equipment has been categorized on the basis of geography into North America, Europe, Asia Pacific, and Rest of the World. Among these regions, Europe and North America are considered as lucrative markets, thanks to the rigid government and environmental regulations prevailing here. In 2012, North America was dominant; it held a 39% share in the global market for resource circulation equipment. The increasing electronic and industrial waste and rigid government regulations are the key factors projected to fuel the growth of the North America market for resource circulation equipment throughout the forecast period. On the other hand, the growing recycling activities in Asia Pacific are expected to drive the resource circulation equipment market in this region.
The research report further talks about the competitive scenario of the global market for resource circulation equipment, including the company profiles, products offered, business strategies, financial overview, SWOT analysis, and recent developments if any. The leading players operating in the global market for resource circulation equipment include Foster Wheeler, Metso, Kawasaki Heavy Industries Ltd., Clean Burn Inc., ThermoSelect SA, ShowaDenko, VTT, Alfagy, Lurgi AG, Vecoplan AG, ECO Green Equipment, JFE Engineering Corporation, We Care Organics, Komptech GmBH, and Zhejiang Feida.
Key Segments of the Resource Circulation Equipment Market:
Resource Circulation Equipment Market – Application Segment Analysis
- Electrical and electronics
- Plastic and Polymer
- Oil and Gas
- Others (Agriculture, medical etc.)
Resource Circulation Equipment Market – Regional Analysis
- North America
- Asia Pacific
- Rest of the world
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