Published: Nov, 2015
Transparency Market Research (TMR), a market intelligence and research firm, has published a research study on the global resource circulation equipment market, titled “Resource Circulation Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 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 https://www.transparencymarketresearch.com/resource-circulation-equipment.html
The market report states that the worldwide resource circulation equipment stood at US$10.7 bn in 2012. Analysts at TMR expect this market to expand at a CAGR of 7.50% during the period from 2013 to 2019 and reach US$17.6 bn by the end of the forecast period.According to the market study, the increase in the construction and industrial waste, together with the shrinking availability of plots for landfills, is propelling the global market for resource circulation equipment significantly. Initiatives by several governments across the world, such as funding for the advancement of recycling units, are likely to fuel the market during the forecast period.
On the other hand, the high initial investment and the soaring cost of recycled products are projected to limit the growth of this market in the forthcoming years, states the report. However, experts predict the increasing demand to reduce industrial carbon footprints to present opportunity-rich market for the players operating in the resource circulation equipment market.
The report analyzes the global resource circulation equipment market on the basis of the application of resource circulation equipment and the regional distribution of this market. Based on application, the market is segmented into automotive, electrical and electronics, plastic and polymer, oil and gas, construction, paper, metal, and other applications such as medical and agriculture. Among these, the electrical and electronic market has occupied the leading position with more than 20% of the overall market.
Regionally, the market for resource circulation equipment is distributed among North America, Asia Pacific, Europe, and the Rest of the World. Europe and North America are presently dominating the global market for resource circulation equipment. Various stringent environmental regulations imposed in these regions are the key driving force behind the remarkable growth of both the regional market, states the study.
In 2012, North America emerged as the largest regional market for resource circulation equipment, with a share of 39% of the overall revenue generated by the global industry. The rise in the electronic and industrial waste in North America also stimulates the market in the region to a great extent. The resource circulation equipment market in Asia Pacific is also showing significant growth potential, owing to the rise in recycling activities in the region.
Kawasaki Heavy Industries Ltd., Metso, Vecoplan AG, Foster Wheeler, Wolf Material Handling Systems, Clean Burn Inc., Lurgi AG, ShowaDenko, JFE Engineering Corp., Zhejiang Feida, Komptech GmBH, ThermoSelect SA, Alfagy, We Care Organics, ECO Green Equipment, and VTT are the major participants of the global market for resource circulation equipment, notes the market study.
The global resource circulation equipment market is segmented into:
- Electrical and electronics
- Plastic and Polymer
- Oil and Gas
- Others (Agriculture, medical etc.)
- North America
- Asia Pacific
- Rest of the world
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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