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Briquetting Machine Market Segmentation by Type (Hydraulic, Roller, and Piston Type); and by Automation (Automatic, Semi-Automatic, and Manual)– Global Demand Analysis & Opportunity Outlook 2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • November, 2021- Yuken, Europe hydraulic specialists, are showcasing the new briquetting machine, the Kiriko Automatic Shavings Compactor at the MACH exhibition 2022.

  • October, 2019- GEMCO, the pioneer of biomass machinery manufacturing industry of China, is taking part in the 2019 Canton fair to exhibit the machinery for sale.

Global Briquetting Machine Market Highlights Over 2022-2031

The global briquetting machine market is estimated to garner a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the increasing focus on utilizing renewable energy resources all over the world. The briquetting machines are used to convert waste, such as, paper, plastic, wooden, and agricultural straw into a regular shaped block. These blocks are further used as fuel instead of coal or any other non-renewable fuel in industries and households. According to a report published by the World Bank Group, the world generates 2.01 billion tons of municipal waste and the number is increasing at an unprecedented rate. The governments all over the world are making flexible norms for effective solid waste management programs. Moreover, various private sectors are generating good revenue by selling briquettes to industries and households. Owing to these reasons the global briquetting machine market is expected to grow during the forecast period. Another prominent reason behind the market growth is the adverse environmental impact of using non-renewable sources. For instance, the annual CO2 transmission through coal is approximately 14 billion tons worldwide. On the contrary, biomass, which is a clean source of energy, gets wasted. It is estimated that around 2 billion tons agricultural waste is accumulated annually. Altogether, more than 10 billion tons of wastes and residuals is produced by forest, industrial, and agricultural activities worldwide.

Briquetting Machine Market

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The market is segmented by type into hydraulic, roller, and piston, out of which, the roller type segment is anticipated to hold the largest share in the global briquetting machine market on account of the comparatively lesser time taken by roller type machines, along with the lower cost of the machine. The roller type briquetting machines are getting popular to utilize waste effectively, owing to which, the segment is expected to grow significantly during the forecast period.

Major Macro-Economic Indicators Impacting the Market Growth

Major Macro-Economic Indicators Impacting the Market Growth

In 2019, the world’s total energy supply was 606EJ, wherein the highest share in terms of source was captured by oil, accounting for 30.9%, followed by coal (26.8%), natural gas (23.2%), biofuels and waste (9.4%), nuclear (5.0%), hydro (2.5%), and other (2.2%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 1% due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Global Briquetting Machine Market Regional Synopsis

Regionally, the global briquetting machine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is estimated to garner noteworthy growth over the forecast period, on the back of flexible government guidelines for solid waste management and the widespread adoption of renewable energy resources. As per the recent reports from the Indian Ministry of New and Renewable Energy, the current availability of biomass in India is estimated to reach 750 million metric tons per year. Owing to these factors, the global briquetting machine market in APAC region is expected to grow significantly over the forecast period.

The global briquetting machine market in North America region is also expected to witness escalating growth over the forecast period owing to the increasing awareness and investment in waste management projects.

Briquitting Machine Market Share

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The global briquetting machine market is further classified on the basis of region as follows: 

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook 

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

Market Segmentation 

Our in-depth analysis of the global briquetting machine market includes the following segments:  

By Type

  • Hydraulic Type  
  • Piston Type
  • Roller Type

By Automation  

  • \Automatic
  • Semi-Automatic
  • Manual

Growth Drivers  

  • Increasing Awareness regarding Waste Management amongst People
  • Growing Industrialisation across the Globe

Challenges 

  • Easy and Cheaper Availability of Non-Renewable Sources

Top Featured Companies Dominating the Market 

  • CF Nielson A.S
    • Company Overview 
    • Business Strategy 
    • Key Product Offerings 
    • Financial Performance 
    • Key Performance Indicators 
    • Risk Analysis 
    • Recent Development 
    • Regional Presence 
    • SWOT Analysis 
  • 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

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