Artifical Intelligence Is The Fastest Growing Segment Fueling The Growth Of High Pressure Grinding Roller (HPGR) Market

High Pressure Grinding Roller (Hpgr) Markethttps://www.coherentmarketinsights.com/market-insight/high-pressure-grinding-roller-market-4196
High Pressure Grinding Roller (Hpgr) Market

The global High Pressure Grinding Roller (Hpgr) Market is estimated to be valued at Us$ 430.59 Mn or Million in 2023 and is expected to exhibit a CAGR Of 6.8% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:


HPGR machines use the rock-on-rock crushing action of a grinding roller against a concave rather than conventional breaking of rock on iron surfaces. This has led to lower operating costs, increased capacity and better quality of product in mining applications involving difficult and abrasive ores.

 

Market key trends:


One of the key trends in the HPGR market is the increasing adoption of AI and automation. Major players are focusing on developing integrated systems with advanced sensors and AI capabilities. This allows for remote monitoring and predictive maintenance of HPGR machines. AI helps predict breakdowns and optimize performance. It also facilitates unmanned operations for improved safety and productivity. Data analytics using AI further aids in real-time process optimization and quality control.


Segment Analysis


The global HPGR market is segmented into ferrous metals and minerals, cement, industrial minerals, and others based on end-use industry. The cement segment dominates the market and accounted for over 35% of global sales in 2022. Cement producers are increasingly adopting HPGR technology to grind raw materials such as limestone and clay in cement production as it offers energy savings of up to 30% compared to traditional ball mill grinding systems.

 

Key Takeaways


The Global High Pressure Grinding Roller (HPGR) Market Size is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing focus on energy efficiency in comminution processes across industries.

 

Regional analysis


Asia Pacific dominates the global market with over 40% share in 2022 driven by robust demand from the cement sector in China, India, and countries in Southeast Asia. Europe and North America also capture significant shares on back of ongoing infrastructure modernization projects and mineral processing activities in these regions.

 

Key players


Key players operating in the HPGR market are FLSmidth & Co., Metso Oyj, Koppern Group, CITIC Heavy Industries Co. Ltd. (CITIC HIC), ThyssenKrupp Industrial Solutions AG (Polysius AG), SGS S.A., KHD Humboldt Wedag International AG, Outotec Oyj, and ABB Ltd. FLSmidth & Co. and Metso Oyj collectively command over 35% of the global market share.



Read More :  https://www.insightprobing.com/expanding-applications-in-mining-sector-to-propel-growth-of-the-global-high-pressure-grinding-roller-hpgr-market/

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