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Semi-Autogenous & Autogenous Grinding Mills Market - Forecast(2024 - 2030)
Semi-Autogenous & Autogenous Grinding Mills Market Overview
The global Semi-Autogenous & Autogenous Grinding
Mills Market size is forecasted to reach US$4.5 billion by 2027, growing
at a CAGR of 6.2% during 2022-2027. This growth can be attributed to the
technological advancements in grinding equipment across industry verticals, the
increasing demand for better efficiency of grinding process and energy-efficient grinding solutions. Additionally, the increasing growth of the mining
industry and increasing demand for metals and minerals are also influencing the
Semi-Autogenous & Autogenous Grinding Mills Industry Outlook. Semi-autogenous
grinding circuits and high-pressure grinding rollers are equipped with lifting
plates and they are used to obtain metals and minerals from ores. On the other
hand, autogenous grinding circuits are being used for the finer grinding process. As
ores are variable in hardness, they go through high-pressure grinding rollers
and lifting plates in grinding circuits to produce the necessary output. As a
result, these semi-autogenous & autogenous grinding mills serve as the
primary stage of any infrastructural development. Due to these factors, the
demand for these grinding circuits is constantly increasing, which, in turn, positively influences the Semi-Autogenous & Autogenous Grinding Mills Industry
Outlook.
Report Coverage
The report: “Semi-Autogenous & Autogenous Grinding
Mills Industry Outlook – Forecast (2022-2027)” by IndustryARC, covers an
in-depth analysis of the following segments in the Semi-Autogenous & Autogenous Grinding Mills industry.
By Product Type: Dry Grinding and Wet Grinding.
By Product Diameter: Less than 5 Meter, 5-10 Meter and greater than 10
Meter.
By Availability: Stationary Equipment,
Mobile/Portable Equipment
By Applications: Metal Mining, Non-Metal Mining and Others.
By End-use Industry: Mining, Thermal Power,
Textiles, Construction and Others.
By Geography: North America (the US, Canada and Mexico), South America (Brazil, Argentina and Others), Europe (the UK, Germany, France,
Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others)
and the RoW (the Middle East and Africa).
Key Takeaways
- In the Semi-Autogenous & Autogenous Grinding Mills market report, the Mobile or Portable Equipment segment is analyzed to grow at a CAGR of 6.8% during the forecast period 2022-2027. This growth is due to the growing infrastructural sector and the increasing need for efficient grinders.
- By End-user Industry in the Semi-Autogenous & Autogenous Grinding Mills Market report, the Construction Industry is expected to grow at the highest rate with a CAGR of 7.1% during the forecast period owing to factors such as advancements in grinding equipment, increased efficiency and safer work environment.
- APAC region had the largest share with the market share of 39% in the global Semi-Autogenous & Autogenous Grinding Mills Market size, owing to factors such as rising industrialization and government initiatives.
Semi-Autogenous & Autogenous Grinding Mills Market Value Share, by Region, 2021 (%)
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Semi-Autogenous & Autogenous Grinding Mills Market Segment Analysis - By Availability
By Availability, Mobile or Portable segment in the Semi-Autogenous & Autogenous Grinding Mills Market report is analyzed to grow with the
highest CAGR of 6.8% during the forecast period 2022-2027. This growth
is primarily attributed to the growing infrastructural sector, increasing need
for efficient and powerful grinders and widespread applications due to the
compact size. Additionally, less power consumption and increased efficiency
have also influenced the mobile or portable grinding equipment segment in the
Semi-Autogenous & Autogenous Grinding Mills Industry. In March
2020, Makita Corporation introduced LXT X2 and 18V LXT, power supply solutions
for grinders that offered prolonged run time. These developments are expected
to boost the mobile or portable segment which, in turn, increases the
Semi-Autogenous & Autogenous Grinding Mills Market size.
Semi-Autogenous & Autogenous Grinding Mills Market Segment Analysis - By End-use Industry
Based on end-use, the Construction Industry in the Semi-Autogenous & Autogenous Grinding Mills Market report is analyzed to grow at the highest CAGR of 7.1% during the forecast period 2022-2027. This is due to factors like technological advancements in grinding equipment such as high-pressure grinding rollers, safer work environments and increased efficiency. The use of semi-autogenous and autogenous grinders in construction increases work productivity as they are equipped with lifting plates and discharge cones for better output of the materials and also provide a safer work environment for the workers. For instance, in 2019, the Indian Government approved US$1.93 billion for the development of 98 smart city projects and the Urban Rejuvenation Mission. These continued investments would boost the construction industry which, in turn, increase the Semi-Autogenous & Autogenous Grinding Mills Market size.
Semi-Autogenous & Autogenous Grinding Mills Market Segment Analysis - By Geography
APAC dominated the global Semi-Autogenous & Autogenous Grinding Mills Market with a market share of 39% in 2021 and was also analyzed to have significant growth over the forecasting period. This growth is primarily attributed to rapid industrialization, growing demand for more efficient grinding machinery and government initiatives. Additionally, foreign investments in these rapidly developing nations have also increased the Semi-Autogenous & Autogenous Grinding Mills Market size. In China, 26 Infrastructure projects with a total expenditure of US$ 142 billion were approved in 2019. These investments would trigger the adoption of Semi-Autogenous & Autogenous Grinding Mills mills and thereby boosting the market.
Semi-Autogenous & Autogenous Grinding Mills Market Drivers
A surge in demand for grinding equipment in Mining Industry:
Throughout the
forecast period, the mining industry would be a game changer for the Semi-Autogenous & Autogenous Grinding Mills market. The growing interest
of many private players in mining activities, as well as the supportive
amendments and acts of many countries to increase these activities, would be a
critical growth factor. Thus, the increasing developments and investments in
the sector would boost the Semi-autogenous & Autogenous Grinding Mills
Industry. For instance, In September 2021, Indian National Mineral Development
Corporation LTD collaborated with the Institute of Minerals and Materials
Technology pursued combined research and developments on mining technologies.
These collaborations are expected to positively influence the adoption of
Semi-autogenous & Autogenous Grinding Mills industry outlook.
Increasing work safety concerns across various industry verticals:
The
increasing number of mining accidents has resulted in a greater reliance on
advanced mining equipment. Grinding equipment has aided the industry in
lowering the number of accidents and work-related risks. Mining involves
extraction as well as high-risk processes that endanger the lives of the
workers during mining. The deployment of semi-autogenous & autogenous
grinding mills has reduced the demand for labor because they can be operated
easily and efficiently with fewer workers. For instance, the total number of mining
accidents in China was 434 which was a 19.1% decrease from the previous year
due to the adoption of Semi-Autogenous & Autogenous Grinding Mills.
Semi-Autogenous & Autogenous Grinding Mills Market Challenge
Higher installation, operational and maintenance costs:
The high installation and maintenance costs of grinding equipment in the mining market are a major challenge. That is because these semi-autogenous & autogenous grinding machines are used for a variety of demanding applications. They incur high costs, reducing their affordability. Mining industries rely heavily on this equipment to simplify work processes but their high maintenance and operational costs act as a major restraint to the market growth.
Semi-Autogenous & Autogenous Grinding Mills Industry Outlook
Product launches, collaborations and R&D activities are key strategies adopted by players in the Semi-Autogenous & Autogenous Grinding Mills Market. The top 10 companies in the Semi-Autogenous & Autogenous Grinding Mills market are:
- Komatsu Mining Corp
- Amada Machines Tools Co. Ltd.
- Junker
- Korber AG
- Hybrid Manufacturing Technologies
- Makino Milling Machine Co. Ltd.
- GCH Machinery
- Metso Outotec
- Ascot Resources Ltd.
- FLSmidth Co
Recent Developments
- In September 2021, Ascot
Resource Ltd announced that their Semi-Autogenous & Autogenous Grinding Mills have been delivered and installed for the Premier Gold Project.
This underground mine development project in British Columbia, Canada would need
many Semi-Autogenous & Autogenous Grinding Mills which, in turn, boost the market
growth.
- In July 2022, Metso Outotec delivered two large grinding mills to First Quantum Minerals which had a total installed power of 50MW. The semi-autogenous grind mill is equipped with Metso Outotec’s metallic mill lining for a high-performance discharge system. This is poised to increase the company’s market share.
- In March 2022, FLSmidth was chosen to deliver three Semi-autogenous Mills along with three ball mills to Josemaria Resources’ Copper-Gold Project in San Juan, Argentina. This was a US$484 million dollar order given to FLSmidth due to the high reliability and efficient performance of the Semi-Autogenous & Autogenous Grinding Mills.
Relevant Report Titles:
Grinding
& Crushing Equipment in Mining Market - Industry Analysis, Market Size, Share,
Trends, Application Analysis, Growth and Forecast Analysis
Report
Code: AIR 0290
High Pressure Grinding Roller
Market -
Industry Analysis, Market Size, Share, Trends,
Application Analysis, Growth and Forecast Analysis
Report
Code: CMR 89441
Pneumatic Grinding Machine
Market - Industry Analysis, Market Size,
Share, Trends, Application Analysis, Growth and Forecast Analysis
Report
Code: ESR 0313
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