Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Briquetting Machine Market size was over USD 1.15 billion in 2024 and is projected to reach USD 2.87 billion by 2037, witnessing around 7.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of briquetting machine is evaluated at USD 1.29 billion.
This growth is influenced by growing agricultural waste. Around 1 billion tonnes of agricultural waste are produced globally each year, and agriculture is responsible for around one-fifth of greenhouse gas emissions. This agriculture waste is then converted into briquetting to utilize it as fuel, and feedstock.
There has been growing concern about pollution in the environment. Fossil fuels release harmful greenhouse gasses into the environment which brings adverse effects on humans and animals. Fossil fuel-related CO2 is expected to reach about 35 billion tonnes, which would be a record high, globally. Hence, the preference for biogas is increasing among people.
Briquetting Machine Sector: Growth Drivers and Challenges
Growth Drivers
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Growing Adoption of IoT -The growing adoption of IoT in briquetting is influencing the advancement of these machines. With the embracement of IoT, various features include remote monitoring, real-time data analysis, and automated process to increase productivity, efficiency, and quality.
- Rising Demand for Power will drive the briquetting machine market expansion -By 2040, the demand for energy is projected to grow by about 20% globally. Hence, the demand for briquetting is on the rise. Moreover, in many underdeveloped nations access to conventional energy is less. So briquetting guides are satisfying this surge in demand.
- Surge in the Production of Food -There is a high need for power in food processing industries for the process of drying and backing. Briquetting machines are used in these processes.
Challenges
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Energy Required in Briquetting Manufacturing is High
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Easy and Cheaper Availability of Non-Renewable Sources – The price of briquetting is usually high. Hence, the preference for alternative non-renewable energy which is available easily and at a cheaper price is more. Fossil fuels are the non-renewable energy source that is both the cheapest and most accessible. Coal, oil, and gas are instances of fossil fuels.
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Briquetting Process Creates Too Much Dust
Briquetting Machine Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
7.3% |
|
Base Year Market Size (2024) |
USD 1.15 billion |
|
Forecast Year Market Size (2037) |
USD 2.87 billion |
|
Regional Scope |
|
Briquetting Machine Segmentation
Type (Hydraulic, Roller, Piston Type)
The roller segment in the briquetting machine market is poised to garner the highest revenue by 2037. Briquetting rollers take significantly less time. Additionally, they are incredibly energy-efficient, have a small footprint, and are simple to maintain. Hence, its use is estimated to grow for industrial production since the demand for production is on the rise.
Automation (Automatic, Semi-Automatic, Manual)
The semi-automated segment is set to dominate the market share in the coming years. Semi-automated manufacturing processes are more productive than fully automatic systems since more machines enable more material to be processed at the same time.
Semi-automatic lines are perfect for organizations that emphasize speed when there is a dependable staff. They are more accurate, faster, and safer than manual fabrication.
Our in-depth analysis of the global market includes the following segments:
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Type |
|
|
Automation |
|
Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Briquetting Machine Industry - Regional Synopsis
APAC Market Statistics
Asia Pacific industry is poised to hold largest revenue share by 2037, the APAC area is projected to produce 43% of its energy from renewable sources, owing to investments from China and Australia as well as Mongolia's significant potential. Moreover, budgets for the development of renewable energy are anticipated to rise in Southeast Asian nations, particularly Indonesia and Malaysia.
North America Market Forecast
The market for briquetting machine in the North American region is forecasted to have significant revenue share till 2037, led by growing investment in waste management projects.
Municipal solid trash, industrial garbage, and hazardous waste are merely a few of the waste kinds that are managed by the U.S. waste business. However, owing to the growing agricultural production the agriculture waste is also growing. This is further boosting demand for briquetting machines in this region.
Companies dominating the Global Briquetting Machine Landscape
- 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
Recent Developments
- Yuken, Europe hydraulic specialists, are showcasing the new briquetting machine, the Kiriko Automatic Shavings Compactor at the MACH exhibition 2022.
- GEMCO, the pioneer of biomass machinery manufacturing industry of China, is taking part in the 2019 Canton fair to exhibit the machinery for sale.
Author Credits: Dhruv Bhatia
- Report ID: 4067
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
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