By 2023's end, the briquetting machine market is projected to reach a value pool of $500 million, according to Future Market Insights. Briquetting equipment consumption is anticipated to increase globally, reaching US$ 1 billion in 2033
The Briquette Machines Market report provides a detailed overview of the global Briquette Machines market in terms of market segmentation by type, automation, and region. Additionally, for in-depth analysis, the report includes industry growth indicators, restraints, supply and demand risks along with a detailed discussion of current and future market trends pertaining to market growth.
Briquette Machine Market Statistics –
The global briquetting machine market is expected to thrive at a CAGR of ~7% during the forecast period (i.e., 2022-2031). The market is segmented by type into hydraulic type, roller type, and piston type, among which the roller type segment is estimated to gain significant share during the forecast period owing to the low cost and high efficiency of the machines. Users of roller type machines find easier operation which is estimated to propel the segment growth.
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The global briquetting machine market is expected to thrive during the forecast period owing to increasing awareness among people about solid waste management and carbon emission reduction. According to a report by the World Bank Group, the world generates 2.01 billion tonnes of municipal waste every year. Global organizations are placing emphasis on proper waste management, which is expected to propel the market growth. Additionally, increasing government initiatives to reduce carbon emissions are also expected to propel market growth. Briquetting machines help to replace non-renewable energy sources such as coal and oil with solid waste and reduce CO2 emissions. Due to these factors, the global briquette market is estimated to grow over the forecast period.
Geographically, the global briquetting machine market is segmented into five major regions, including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is estimated to gain a notable share during the forecast period owing to increasing industrialization in the region. Meanwhile, the market in North America is expected to thrive during the forecast period owing to favorable regulatory guidelines and increasing research activity in the region.
The study is global in nature and provides a detailed analysis of the North American (United States, Canada), Europe (United Kingdom, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands and Luxembourg, NORDIC [Finland, Sweden, Norway) markets. covers. , Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia Pacific (China, India, Japan, Korea, Indonesia, Singapore, Malaysia, Australia) , New Zealand, Rest of Asia Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). Analysis comprising market size, YOY growth and opportunity analysis, competitive study of market participants, investment opportunities, demand for future prospects, and more.
According to a recent study by Research Nester, the briquette machine market size is projected to exceed US$ 5 billion by 2035, expanding at a CAGR of more than 7% from 2022 to 2035.
Major players included in the global briquetting machine market include:
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Global Awakening to Reduce Carbon Emissions to Boost Briquetting Machinery Market Growth
Innovative projects for solid waste management, such as utilizing aquatic weeds to make briquettes using briquette machines, have proven very helpful in replacing coal as a fuel. Scientists around the world are seeking innovative ideas and technologies to make briquettes and reduce coal use. Additionally, rising awareness among people about high pollution levels and global warming is bound to increase the demand for renewable and green fuel options. This is expected to propel the growth of the global briquette machine market over the forecast period.
However, the easy and widespread availability of non-renewable resources is expected to act as a major restraint to the growth of the global briquetting machine market during the forecast period.
The report also provides an existing competitive scenario for some key players in the global briquetting machine market, including company profiling of CF Nielson AS, RUF US, Inc., Santec Exim Private Limited, WEIMA Maschinenbau GmbH, Jay Khodiyar Machine Tools, Maxton. provide. Industrial Co., Ltd., Yuken Europe Ltd., GURU KIRPA Engineering Works, Zhengzhou EP Machinery Co., Ltd., GEMCO Energy Machinery Co.,Ltd. Profiling includes key information about a company, including business overview, products and services, key financials, and recent news and developments. Overall, the report serves industry consultants, equipment manufacturers, existing players seeking expansion opportunities,
About Future Market Insights (FMI) Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 13, 2023
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