Which
observes that resource circulation equipment market has generated
revenue of USD 10.70 billion in 2012 and is expected to reach USD
17.65 billion by 2019, growing at a CAGR of 7.5% from 2013 to 2019.
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Market
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Resource
circulation equipment deals with the processing of solid waste. The
resource circulation process entails activities pertaining to the
collection, sorting, processing, and transferring of solid waste to
convert it into usable raw material, or conversion of waste into fuel
or any form of energy. Such equipment has a wide application range
and is used in almost all forms of waste-to-energy generation. The
growing environmental concerns and government regulations in North
America and Europe, as well as rapid economic growth in Asia Pacific
is expected to remain the major driving force for the resource
circulation equipment market. High initial cost of setting up of
recycling facilities is expected to be a key challenge for market
participants.
Electrical
and electronic device recycling and construction recycling
applications dominated the global resource circulation equipment
market and collectively accounted for over 36% share of total revenue
generated in 2012. The other application segments where resource
circulation equipment are employed include automotive recycling,
plastic and polymer recycling, paper recycling, metal recycling among
others. Growing electrical and electronic waste and the need of
recycling this waste is expected to be the key growth market for
resource circulation equipment over the next few years.
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North
America accounted for 39.5% of the total resource circulation
equipment market in 2012, followed by Asia Pacific and Europe. The
demand for resource circulation equipment in Asia Pacific region is
expected to exhibit rapid growth in the coming years. Moreover,
stringent environmental regulations regarding recycling of hazardous
industrial waste in developed countries is expected to shift the
recycling industry towards underdeveloped countries in Asia Pacific
and RoW region with lax environmental regulations. This is expected
to be the major growth driver for the resource circulation equipment
market in these regions. Europe is also one of the major markets for
resource circulation equipment with over 20% share in total revenue
generated by the industry in 2012 and is expected to exhibit moderate
CAGR of about 6.5% from 2013 and 2019. Kawasaki Heavy Industries
Ltd., Vecoplan AG, Metso, Foster Wheeler, Wolf Material Handling
Systems, are some of the major participants in the resource
circulation equipment industry.
Resource
Circulation Equipment Market - Application Segment Analysis
- Automotive
- Construction
- Electrical and electronics
- Paper
- Plastic and Polymer
- Metal
- Oil and Gas
- Others (Agriculture, medical etc.)
Resource
Circulation Equipment Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the world
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