The global economic
recession of 2008-09 resulted in a significant decline in demand for
resource circulation equipment. However, an upturn in end user
markets since 2010 has enabled the global resource circulation
equipment market to witness a steady rise in demand, states
Transparency Market Research in its latest report. Titled “Resource
Circulation Equipment Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2013 - 2019”, the report
indicates that developing at a steady CAGR of 7.50% from 2013 to
2019, the global resource circulation equipment market is estimated
to grow from a value of US$10.7 bn in 2012 to US$17.6 bn by 2019.
The report
identifies the key factors driving and restraining the resource
circulation equipment market. Significant growth in construction and
industrial waste, government incentives and funding, shrinking
available area for landfill, upcoming recycling facilities, and
escalating need for solutions to reduce the industrial carbon
footprint have all contributed towards the development of the
resource circulation equipment market. In contrast, high initial
investment cost and high market prices of recycled products threaten
to hamper the growth of the resource circulation equipment market.
On the basis of
application, the resource circulation equipment market is segmented
into construction, paper, metal, agriculture, automotive, electrical
and electronics, plastic and polymer, oil and gas, medical, and
others. Accounting for a share of more than 20.0% in 2012, the
electrical and electronics segment dominated the resource circulation
equipment market in terms of revenue. This segment is driven by the
growing trend of recycling in the electrical and electronics
industry.
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On the basis of
geography, the global resource circulation equipment market is
divided into Asia Pacific, Europe, North America, and Rest of the
World. North America and Europe are both leading markets for resource
circulation equipment owing to stringent government and environmental
regulations. In 2012, North America dominated the overall market with
a 39.0% share in terms of revenue. Stringent government regulations
and increasing electronic and industrial waste fuels the resource
circulation equipment market in North America. The Asia Pacific
market, on the other hand, is driven by the increasing focus on
recycling activities.
The research report
identifies Key Players
within the resource circulation equipment market and assesses their
performance to give clients a 360-degree perspective of the
competitive landscape. The leading companies featured in the global
resource circulation equipment market report are ECO Green Equipment,
Alfagy, Metso, Zhejiang Feida, Foster Wheeler, ShowaDenko, Clean Burn
Inc., VTT, ThermoSelect SA, Kawasaki Heavy Industries Ltd., Vecoplan
AG, We Care Organics, JFE Engineering Corporation, Komptech GmBH,
Wolf Material Handling Systems, and Lurgi AG. These players are
profiled based on attributes such as company overview, business
strategy, product portfolio, recent developments, financial overview,
and SWOT analysis.
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