Showing posts with label ThyssenKrupp AG. Show all posts
Showing posts with label ThyssenKrupp AG. Show all posts

Wednesday, October 16, 2019

Flash Dryers Market: Growing Demand to Impact Revenue Share by 2028

Fact.MR has published a new research report on global industrial flash dryers market sizes, upcoming industry trends and growth opportunity through 2018-2028 to its online database that tries to unveil the various scenarios prevailing in the industrial flash dryers market. This assessment delivers a smart compilation of primary and secondary data which provides a clear insight about the future plans expected to impact the industrial flash dryers market. This study comprises of prominent data which makes it a beneficial source for investors, analysts and industry experts to acquire necessary knowledge associated to the fundamental market trends, opportunities and growth drivers.
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Flash dryers have witnessed considerable demand in the process industries such as minerals and chemical, owing to their application in the drying process. Emphasis on process efficiency and product quality has a significant impact on development of flash dryers in terms of efficacy and performance. Flash dryers have witnessed continuous advancements in recent years, with prominent manufacturers focusing on the development of process requirement-specific flash dryers. Availability of a variety of flash dryers, ranging from small-sized to large-sized variants have further resulted in a dramatic increase in demand from the process industries, that continuously seek flash dryers with improved performance and efficiency.
End-User Demand Shifting Towards Customized Flash Dryers
Customized flash dryers that offer variations in configurations and feeding systems are witnessing an upsurge in demand, owing to changing requirements of industrial processes and growing number of food processing industries. Agitated swirl spin flash dryers, wherein material is fed to dryer housing through suitable feed mechanism mounted on the rotating swirl agitator is one of the key customized flash dryers’ developments. Demand for flash dryers with customized configurations such as double paddle mixer for backward mixing of dry products, and feed bin integrated with lump breaker is likely to propel demand for customized flash dryers.
Energy-intensive process of drying, which accounts for nearly two-fifth of energy consumed relative to other operations of process industries, has been directly affecting growth of the flash dryers market. Indirect operation of flash dryers, which need hot air/gas for drying process, result in dependency on burning fossil fuels. This further leads to additional operational costs and increases the environmental footprint of flash dryers, which in turn is a major challenge arresting growth of the flash dryers market. Additionally, stringent regulations imposed by Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) on process industries have further restricted use of drying equipment, thereby impeding growth of the flash dryers market. Availability of cost-effective and energy-efficient alternatives that include fluidized bed dryers and spray dryers have led small industries to shift their focus from flash dryers, which will remain a key growth impediment for the flash dryers market in the near future.
Medium-Sized Flash Dryers Category Growing Faster than Small- and Large- Variants
Medium-sized flash dryers will continue to outsell small- and large-sized flash dryers during the forecast period. Revenues from medium-sized flash dryers are expected to account for over two-fifth share of the flash dryers market by 2028-end. Advent and advancements in continuous flash dryers has brought significant transformations in the industrial automation sector. This is fundamentally underpinned by growing investment in flash dryer development to cater to demand in food and chemical industries. Managing process time in end-use industries is a key factor that has propelled demand for medium-sized continuous flash dryers in recent years. Proliferation of SMEs apropos of drying plants in emerging markets will continue to favor demand for medium-sized flash dryers in the near future.
Market Consolidation and Expansion: A Long-term Strategy for Manufacturers
Consolidation has witnessed a rising trend in the flash dryers market, which can be primarily attributed to the efforts taken by manufacturers of flash dryers for meeting rising demand. Gaining a firm foothold in remunerative markets, such as in emerging economies of Asia-Pacific, while strengthening their presence in developed markets such as North America and Europe, are other key influencers of consolidation trend in the flash dryers market. Acquisition of Euroslot KDSS and its subsidiaries in India and China by ANDRITZ AG, and Henkel Drying and Separation Group’s expansion of its workshops in China, are key incidences that represent consolidation efforts of companies in the flash dryers market.
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Competitive Landscape
The report on the flash dryers market also provides a comprehensive information on the market’s competition landscape in a dedicated chapter, profiling prominent as well as emerging players in the flash dryers market. This chapter offers analysis on key companies that have significantly been contributing to growth of the flash dryers market, in terms of product portfolio, mergers & acquisitions, marketing strategies, revenue shares, and company overview. A SWOT analysis, which highlight key strengths, weaknesses, opportunities and threats to the players underpinning growth of the flash dryers market, has also been offered in detail in this chapter. Flash dryers manufacturing companies profiled and analyzed by the report include ThyssenKrupp AG, GEA Group Aktiengesellschaft, ANDRITZ AG, and FLSmidth Group.

Global Coal Handling System Market Augmented Expansion to Be Registered by 2018 to 2028

Demand for coal handling system continues will remain driven by increasing adoption in coal-fired power plants. The report envisages that the sales volume of coal handling system is estimated to expand at stellar pace across the Asia Pacific in the forthcoming years. Asia Pacific excluding Japan (APEJ) is likely to retain its status quo as the most lucrative market for coal handling system and manufacturers can expect momentous opportunities from the emerging economies in this region during the assessment period. The emerging economies, particularly China and India collectively accounted for more than 70 percent of the APEJ coal handling system market in 2017 and are expected to showcase a significant market share by the end of the year of assessment.
The coal handling system market is a fragmented landscape with presence of major and small scale players across the globe. The top six companies, including ThyssenKrupp AG, FLSmidth & Co. A/S, Metso Corporation, Kawasaki Heavy Industries, Ltd., FAM Förderanlagen Magdeburg and IHI Transport Machinery Co. Ltd., collectively account for over 35% share in coal handling system market. Presence of leading market players is majorly concentrated in the European countries.
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These major players in the coal handling system market are focusing on tapping Asia Pacific region owing to its high potential in the thermal power space. The main strategy of these key players includes sales of coal handling system through contracts and agreements, and strategic partnerships with local players. For instance, in 2016 Metso Corporation extended its agreement with Sever Minerals in a bid to strengthen its presence in Russia.
HELE Plants Gain Momentum, Creating Lucrative Avenues for Coal Handling System Manufacturers
Coal Consumption continues to remain robust in power generation, characterized by their low price/calorific value, thereby sustaining sales of coal handling systems worldwide. Imperativeness of coal handling system in effective management of operations in power generation plants has spurred the emphasis of relevant industrialists on efficiency and emission control apropos of coal-based power. HELE (High Efficiency Low Emission) technology has witnessed an increased adoption in the recent past, as the technology has been deemed to enhance capacity of the plant, while keeping the carbon dioxide emissions in check. Relatively lower consumption of coal per unit of electricity produced, reduced environment footprint, and favorable results apropos of coal-fired power generation’s efficiency, are key attributes of HELE plants which are likely to foster their future penetration into the industry.
Coal handling system advancements include pile visualization, monitoring, material tracking and automated stockyard management, to name a few. Automated stockyard management can offer a real-time information on quality of coal stacked on conveyor belts and other coal handling system that can result in safe and efficient supply of coal to coal-fired power plants. The demand for coal handling system in the Asia Pacific region, particularly in the emerging economies such as China and India, is expected to be on an upswing on the back of growing port capacity expansions. For instance, existing coal handling operations at Mormugao Port are being pushed further enhancing the coal handling capacity of the port. Likewise, the expansion of Matarbari port is the offing. The coal terminal in Matarbari port would handle huge amounts of coal owing to growing coal-powered plants in Bangladesh. This factor continues to remain instrumental in driving the demand of coal handling system, enhancing the lucrativeness of the Asia Pacific region.
In addition, sale of coal handling system in Asia Pacific is also influenced by rising coal production in South East Asian countries that are home to huge coal reserves. Majority of coal reserves are located in Vietnam, India and Indonesia. Against this backdrop, development of new power plants are being commissioned in the region. For instance, India has commissioned 13 GW thermal plants since January 2017 till august 2018 regardless of pollution concerns. In light of these events, coal handling system manufacturers can grasp potential growth opportunities in Asia Pacific in the forthcoming years.
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Growing inclination toward renewable sources of energy such as solar power, wind energy and biomass on back of rising concerns regarding greenhouse emissions is likely to challenge the growth of coal handling system market. Countries are largely focusing on using these sources to meet their energy requirements. For instance, China is at the forefront of the renewable sector, with large annual investment in renewable sources as compared to United States and EU combined. An additional investment of US$ 360 billion has been pledged by Chinese government in renewable sector before 2020. The shift toward renewable sources is expected to reduce the use of coal, eventually creating challenges for coal handling system manufacturers in the coming years.