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Mineral Processing Equipment Market Trends

Report ID: GMI7549
Published Date: Nov 2023
Report Format: PDF

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Mineral Processing Equipment Market Trends

The surge in demand for sustainable equipment, aimed at minimizing the environmental impacts, is a key factor propelling the mineral processing equipment industry. As industries prioritize eco-friendly practices, the adoption of sustainable processing solutions gains momentum. The trend of advanced automation is revolutionizing the mineral processing equipment business. The integration of sophisticated automation and control systems optimizes operational processes, leading to increased efficiency and cost savings. Automation facilitates precise control of various stages in mineral processing, enabling real-time adjustments and reducing manual interventions.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market valuation of the mineral processing equipment was worth USD 20.1 billion in 2022 and is expected to expand at over 4.5% CAGR from 2023 to 2032, driven by the surging demand for minerals and the higher necessity for efficient processing methods.

The crushers equipment segment accounted for around 34% revenue share in 2022 and is expected to witness high demand between 2023 and 2032, attributed to innovations in automation, precision, and energy efficiency.

Asia Pacific held more than 45% revenue share of the mineral processing equipment industry in 2022 and is estimated to expand significantly through 2032, owing to the expanding mining activities, with increased exploration & extraction efforts in the region.

Some of the leading mineral processing equipment companies are Astec Industries, Inc., Caterpillar Inc., Derrick Corporation, FEECO International, Inc., Kemper Equipment, Komatsu Ltd., McLanahan Corporation, Metso Corporation, and Sandvik AB.