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Overview of the ball mill market
According to Technavio’s ball mill market research analysis, the continuously intensifying construction projects propelled by the lower interest rates will be one of the key factors that will positively impact the growth of the global ball mill market size in the forthcoming years. With rising investments in the infrastructure sector across both advanced and emerging regions, the construction industry’ scope for growth has increased considerably in the recent years. Furthermore, the manufacturing and mining sectors are also growing at an exponential rate, further, boosting the construction projects. Also, with the rapid growth in technology, the demand for constructing data centers has increased in the last few years, in turn, boosting the ball mill sales across several geographies. According to Technavio’s global ball mill industry report, the market will register a CAGR of more than 5% by 2022.
With the growing construction projects across the globe, ball mill designers are encouraging the incorporation of advanced technologies including variable frequency drives (VFDs) in the secondary grinding process. VFDs are increasingly being integrated with ball mills to adjust the secondary grinding process with the local conditions for optimizing the comminution circuit. These drives offer speed control and a soft and safe start for process optimization. Further, they help in controlled stopping and detection of a frozen charge. Consequently, VFDs incorporated with ball mills optimizing the grinding operation and providing increased flexibility will be one of the major trends gaining traction in the ball mill market during the next few years.
Companies covered
With the presence of few established vendors, this market appears to be concentrated. By providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies, this planetary ball mill market research report will help clients identify new growth opportunities and design unique growth strategies. Additionally, the report also recommends areas the companies should focus on to enhance their customer base across various geographies.
This global ball mill industry report provides an analysis of various companies in this market including –
- CITIC
- FLSmidth
- FURUKAWA
- HOSOKAWA ALPINE
- Metso
- thyssenkrupp
Segmentation by product and analysis of the ball mill market
- Common ball mills
- Planetary ball mills
Our analysts have estimated that the common ball mills segment accounted for the maximum share of this market during 2017. According to this global ball mill industry report, the segment will continue to contribute to the major growth of the global ball mill market size throughout the forecast period owing to the continuously increasing construction projects across the globe.
Segmentation by geography and analysis of the ball mill market
According to Technavio’s ball mill market research report, APAC accounted for the maximum growth of the market during 2017. Owing to factors such as the exponentially increasing construction and mining activities in the emerging economies including China and India, this region will account for the maximum growth of this market in the forthcoming years as well.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global ball mill market?
- What are the key market trends impacting the growth of the global ball mill market?
- What are the challenges to market growth?
- Who are the key vendors in the global ball mill market?
- What are the market opportunities and threats faced by the vendors in the global ball mill market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global ball mill market?
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