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Sinter Plant Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 141
  • SKU: IRTNTR46674
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The sinter plant market share is expected to increase by USD 929.34 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.36%.

This sinter plant market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sinter plant market segmentation by product (MHMG system, sinter machine, WGR system, and SCS system) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The sinter plant market report also offers information on several market vendors, including China Metallurgical Engineering and Project Corp, CTCI Corp., General Electric Co., Gillanders Arbuthnot and Co. Ltd., IMASA INGENIERIA Y PROYECTOS SA, Kanikavan Shargh Engineering Co., Larsen and Toubro Ltd., McNally Bharat Engineering Co. Ltd., MECON Ltd., Metallurgical Corp. of China Ltd., Metso Outotec Corp., Nippon Steel Corp., Perantech GmbH, Primetals Technologies Ltd., Qinhuangdao Qinye Heavy Industry Co. Ltd., Shandong Province Metallurgical Engineering Co. Ltd., Siemens AG, Simplex Engineering and Foundry Works Pvt. Ltd., and Sinosteel Corp. among others.

What will the Sinter Plant Market Size be During the Forecast Period?

Sinter Plant Market Size

Download Report Sample to Unlock the Sinter Plant Market Size for the Forecast Period and Other Important Statistics

 

Sinter Plant Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The improvement in sinter technology is notably driving the sinter plant market growth, although factors such as the growing popularity of EAF may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sinter plant industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Sinter Plant Market Driver

  • One of the key factors driving growth in the sinter plant market is the improvement in sinter technology.
  • Blast furnace accounts for the majority of the energy used by an integrated steel plant. Energy accounts for approximately 30% of the cost of production of steel. So, any improvement in the energy efficiency of the blast furnace significantly improves the energy consumption and cost competitiveness of the integrated steel plant.
  • Vendors offer sinter plants that can provide sinter or burden material that has high permeability and homogeneity. This increases the efficiency of heat transferred between hot gases and sinter or burden material.
  • Similarly, vendors offer sinter plants with advanced proportioning, mixing, and granulation system. This eliminates the requirement of mixing raw materials in the stockyard, which is considered ineffective.
  • The availability of modern technology for sinter plants, which enhances the energy efficiency of the sinter plant and blast furnace, drives the global steel plant market.

Key Sinter Plant Market Trend

  • The improving power supply infrastructure is a sinter plant market trend that is expected to have a positive impact in the coming years.
  • Steelmaking is an energy-intensive process. Therefore, the BF-BOF method is increasingly preferred over EAF for steelmaking because the EAF method requires excessive electric energy.
  • The electricity conversion factors of power plants have improved significantly due to the latest power generation technologies. This, coupled with the enhanced efficiency of consumer devices and a large increase in power generation capacity, has led to most of the steel-producing nations having surplus electric power.
  • The share of renewable energy continues to increase in the global electricity mix. This has led to a decrease in the utilization factor of thermal power plants.
  • Thermal power plants can offload their excess capacity to the power grid at competitive rates. This may reduce the cost of electricity, which further increases the adoption of the EAF route of steelmaking.

Key Sinter Plant Market Challenge

  • The growing popularity of EAF will be a major challenge for the sinter plant market during the forecast period.
  • The global steel demand has been fluctuating. So, steel plant operators cannot be assured of a consistent demand level for their output. This can lead to a risk of reduced profitability if the demand decreases.
  • Businesses in developing and emerging countries usually lack the financial resources to invest in an integrated steel plant. So, the EAF route accounts for a significant share of the new capacity additions in developing countries, as it eliminates the requirement of the capital-intensive integrated steel plant. 
  • Supply-side factors such as increased availability of natural gas, rising exports of LNG, and the growing availability of scrap steel also drive the use of the EAF method. So, the adoption of steel mini-mills is increasing due to their low capital investment requirements.
  • EAF, unlike pig iron used in BOF, uses scrap steel or sponge iron as the primary burden material. This can hinder the growth of the global sinter plant market.

This sinter plant market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global industrial machinery market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sinter plant market during the forecast period.

Who are the Major Sinter Plant Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • China Metallurgical Engineering and Project Corp
  • CTCI Corp.
  • General Electric Co.
  • Gillanders Arbuthnot and Co. Ltd.
  • IMASA INGENIERIA Y PROYECTOS SA
  • Kanikavan Shargh Engineering Co.
  • Larsen and Toubro Ltd.
  • McNally Bharat Engineering Co. Ltd.
  • MECON Ltd.
  • Metallurgical Corp. of China Ltd.
  • Metso Outotec Corp.
  • Nippon Steel Corp.
  • Perantech GmbH
  • Primetals Technologies Ltd.
  • Qinhuangdao Qinye Heavy Industry Co. Ltd.
  • Shandong Province Metallurgical Engineering Co. Ltd.
  • Siemens AG
  • Simplex Engineering and Foundry Works Pvt. Ltd.
  • Sinosteel Corp.

 

This statistical study of the sinter plant market encompasses successful business strategies deployed by the key vendors. The sinter plant market is fragmented and the vendors are deploying growth strategies such as expanding their customer base and increasing their investments in R&D to compete in the market.

Product Insights and News

  • China Metallurgical Engineering and Project Corp - China Metallurgical Engineering and Project Corp is a privately held company headquartered in China. It is a regional company, with limited information regarding its financials and limited information regarding its employee strength available. Its revenue from the global sinter plant market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • China Metallurgical Engineering and Project Corp - The company offers sinter plants such as Annular, Winch, and Linear sinter plants. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The sinter plant market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Sinter Plant Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the sinter plant market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Sinter Plant Market?

Sinter Plant Market Share by Geography

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59% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for sinter plants in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rapid industrialization and infrastructural developments in the region will facilitate the sinter plant market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the rise in the number of COVID-19 cases in APAC had a negative influence on the sinter plant market in this region. However, in 2021, the success of vaccination campaigns across the region, as well as an increase in investment inflows from various sources into the manufacturing and construction industry, led to the reopening of steel production plants. As a result of these factors, the growth of the sinter plant market in this region is expected to accelerate during the forecast period.

What are the Revenue-generating Product Segments in the Sinter Plant Market?

Sinter Plant Market Share

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The sinter plant market share growth by the MHMG system segment will be significant during the forecast period. Material handling, mixing, and granulation is the fastest growing product segment of the global sinter plant market. This is because the declining quantity of high-grade iron ore and growing focus on improving the energy efficiency of blast furnaces require investment in advanced sinter plants that can produce high-quality sinter using low-grade iron ore fines.

This report provides an accurate prediction of the contribution of all the segments to the growth of the sinter plant market size and actionable market insights on post COVID-19 impact on each segment.

 

Sinter Plant Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.36%

Market growth 2022-2026

$ 929.34 million

Market structure

Fragmented

YoY growth (%)

7.92

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 59%

Key consumer countries

US, China, India, Germany, and Russia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

China Metallurgical Engineering and Project Corp, CTCI Corp., General Electric Co., Gillanders Arbuthnot and Co. Ltd., IMASA INGENIERIA Y PROYECTOS SA, Kanikavan Shargh Engineering Co., Larsen and Toubro Ltd., McNally Bharat Engineering Co. Ltd., MECON Ltd., Metallurgical Corp. of China Ltd., Metso Outotec Corp., Nippon Steel Corp., Perantech GmbH, Primetals Technologies Ltd., Qinhuangdao Qinye Heavy Industry Co. Ltd., Shandong Province Metallurgical Engineering Co. Ltd., Siemens AG, Simplex Engineering and Foundry Works Pvt. Ltd., and Sinosteel Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Sinter Plant Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive sinter plant market growth during the next five years
  • Precise estimation of the sinter plant market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sinter plant industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sinter plant market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 MHMG system - Market size and forecast 2021-2026
      • Exhibit 28: Chart on MHMG system - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on MHMG system - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on MHMG system - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on MHMG system - Year-over-year growth 2021-2026 (%)
    • 5.4 Sinter machine - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Sinter machine - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Sinter machine - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Sinter machine - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Sinter machine - Year-over-year growth 2021-2026 (%)
    • 5.5 WGR system - Market size and forecast 2021-2026
      • Exhibit 36: Chart on WGR system - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on WGR system - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on WGR system - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on WGR system - Year-over-year growth 2021-2026 (%)
    • 5.6 SCS system - Market size and forecast 2021-2026
      • Exhibit 40: Chart on SCS system - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on SCS system - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on SCS system - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on SCS system - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Product
      • Exhibit 44: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 India - Market size and forecast 2021-2026
      • Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Russia - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 China Metallurgical Engineering and Project Corp
              • Exhibit 97: China Metallurgical Engineering and Project Corp - Overview
              • Exhibit 98: China Metallurgical Engineering and Project Corp - Product / Service
              • Exhibit 99: China Metallurgical Engineering and Project Corp - Key offerings
            • 10.4 CTCI Corp.
              • Exhibit 100: CTCI Corp. - Overview
              • Exhibit 101: CTCI Corp. - Business segments
              • Exhibit 102: CTCI Corp. - Key offerings
              • Exhibit 103: CTCI Corp. - Segment focus
            • 10.5 Gillanders Arbuthnot and Co. Ltd.
              • Exhibit 104: Gillanders Arbuthnot and Co. Ltd. - Overview
              • Exhibit 105: Gillanders Arbuthnot and Co. Ltd. - Business segments
              • Exhibit 106: Gillanders Arbuthnot and Co. Ltd. - Key offerings
              • Exhibit 107: Gillanders Arbuthnot and Co. Ltd. - Segment focus
            • 10.6 IMASA INGENIERIA Y PROYECTOS SA
              • Exhibit 108: IMASA INGENIERIA Y PROYECTOS SA - Overview
              • Exhibit 109: IMASA INGENIERIA Y PROYECTOS SA - Product / Service
              • Exhibit 110: IMASA INGENIERIA Y PROYECTOS SA - Key offerings
            • 10.7 Kanikavan Shargh Engineering Co.
              • Exhibit 111: Kanikavan Shargh Engineering Co. - Overview
              • Exhibit 112: Kanikavan Shargh Engineering Co. - Product / Service
              • Exhibit 113: Kanikavan Shargh Engineering Co. - Key offerings
            • 10.8 Larsen and Toubro Ltd.
              • Exhibit 114: Larsen and Toubro Ltd. - Overview
              • Exhibit 115: Larsen and Toubro Ltd. - Business segments
              • Exhibit 116: Larsen and Toubro Ltd. - Key news
              • Exhibit 117: Larsen and Toubro Ltd. - Key offerings
              • Exhibit 118: Larsen and Toubro Ltd. - Segment focus
            • 10.9 McNally Bharat Engineering Co. Ltd.
              • Exhibit 119: McNally Bharat Engineering Co. Ltd. - Overview
              • Exhibit 120: McNally Bharat Engineering Co. Ltd. - Product / Service
              • Exhibit 121: McNally Bharat Engineering Co. Ltd. - Key offerings
            • 10.10 MECON Ltd.
              • Exhibit 122: MECON Ltd. - Overview
              • Exhibit 123: MECON Ltd. - Business segments
              • Exhibit 124: MECON Ltd. - Key offerings
              • Exhibit 125: MECON Ltd. - Segment focus
            • 10.11 Metso Outotec Corp.
              • Exhibit 126: Metso Outotec Corp. - Overview
              • Exhibit 127: Metso Outotec Corp. - Business segments
              • Exhibit 128: Metso Outotec Corp. - Key news
              • Exhibit 129: Metso Outotec Corp. - Key offerings
              • Exhibit 130: Metso Outotec Corp. - Segment focus
            • 10.12 Shandong Province Metallurgical Engineering Co. Ltd.
              • Exhibit 131: Shandong Province Metallurgical Engineering Co. Ltd. - Overview
              • Exhibit 132: Shandong Province Metallurgical Engineering Co. Ltd. - Product / Service
              • Exhibit 133: Shandong Province Metallurgical Engineering Co. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 134: Inclusions checklist
                • Exhibit 135: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 136: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 137: Research methodology
                • Exhibit 138: Validation techniques employed for market sizing
                • Exhibit 139: Information sources
              • 11.5 List of abbreviations
                • Exhibit 140: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Sinter Plant Market market growth will increase by $929.34 mn during 2022-2026.
                  The sinter plant market market is expected to grow at a CAGR of 9.36% during 2022-2026.
                  Technavio has segmented the sinter plant market market by product (MHMG system, sinter machine, WGR system, and SCS system) and geography (APAC, North America, Europe, Middle East and Africa, and South America).
                  China Metallurgical Engineering and Project Corp, CTCI Corp., General Electric Co., Gillanders Arbuthnot and Co. Ltd., IMASA INGENIERIA Y PROYECTOS SA, Kanikavan Shargh Engineering Co., Larsen and Toubro Ltd., McNally Bharat Engineering Co. Ltd., MECON Ltd., Metallurgical Corp. of China Ltd., Metso Outotec Corp., Nippon Steel Corp., Perantech GmbH, Primetals Technologies Ltd., Qinhuangdao Qinye Heavy Industry Co. Ltd., Shandong Province Metallurgical Engineering Co. Ltd., Siemens AG, Simplex Engineering and Foundry Works Pvt. Ltd., Sinosteel Corp. are a few of the key vendors in the sinter plant market market.
                  APAC will register the highest growth rate of 59% among the other regions. Therefore, the sinter plant market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the sinter plant market market growth are:
                  • Improvement in sinter technology
                  • Improving power supply infrastructure
                  The sinter plant market market vendors should focus on grabbing business opportunities from the mhmg system segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?
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                  • Five-force market analysis

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