Research Nester published a report titled “Briquetting Machine Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global briquetting machine market in terms of market segmentation by type, automation, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
The global briquetting machine market is expected to thrive at a CAGR of ~7% over the forecast period, i.e., 2022-2031. The market is segmented by type into hydraulic type, roller type, and piston type, out of which, the roller type segment is estimated to acquire a significant share over the forecast period owing to the low cost, and higher efficiency of the machine. The users of the roller type machine find it easier to operate which is estimated to boost the segment growth.
The global briquetting machine market is projected to flourish over the forecast period, on account of increasing awareness amongst people regarding solid waste management and reducing carbon emissions. A report by the World Bank Group states that the world creates 2.01 billion tons of municipal waste every year. Global organizations are emphasizing on proper waste management, which is expected to fuel the market growth. Moreover, growing government initiatives for reducing carbon emissions, are also anticipated to boost the market growth. The briquetting machine helps in substituting non-renewable energy sources, such as, coal and petroleum with solid waste, and reducing the CO2 emission. On account of such factors, the global briquetting market is estimated to grow over the forecast period.
Regionally, the global briquetting machine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in the Asia Pacific region is estimated to gain a notable share over the forecast period, owing to the increasing industrialization in the region. On the other hand, the market in the North America region is also expected to thrive over the forecast period owing to the favorable regulatory guidelines, and increasing research activities in the region.
The research is global in nature and covers a detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South 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 the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. has also been covered and displayed in the research report.
Global Awakening to Reduce Carbon Emission to Fuel the Briquetting Machine Market Growth
Innovative projects for solid waste management, such as, utilizing aquatic weeds to make briquettes with the use of a briquetting machine are proving to be very helpful to substitute coal as a fuel. Scientists all over the world are finding innovative ideas and techniques to make briquettes, and reduce the usage of coal. Moreover, growing awareness regarding high pollution level and global warming amongst people, is bound to boost the demand for renewable and eco-friendly fuel options. This is expected to boost the growth of global briquetting machine market over the forecast period.
However, the easy and widespread availability of non-renewable resources is expected to operate as a key restraint to the growth of the global briquette machine market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global briquette machine market which includes company profiling of CF Nielson A.S, RUF US, Inc., Santec Exim Private Limited, WEIMA Maschinenbau GmbH, Jay Khodiyar Machine Tools, Maxton Industrial Co., Ltd., Yuken Europe Ltd., GURU KIRPA Engineering Works, Zhengzhou E.P Machinery Co., Ltd., GEMCO Energy Machinery Co.,Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global briquetting machine market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.