High Pressure Grinding Roller (HPGR) Market Poised to Witness High Growth Owing to Rising Need for Energy-Efficient Comminution Technology
High Pressure Grinding Roller (HPGR) Market Size |
The high pressure grinding roller (HPGR) market has been
gaining prominence over the recent years on account of its ability to achieve
energy savings of around 40-60% as compared to conventional grinding
technologies such as autogenous mill, ball mill and rod mills. HPGR technology
utilizes two counter rotating steel rollers under enormous pressure to crush
and grind materials into extremely fine powder without impact. The grinding
action results from grinding of particles between the two rollers and
subsequent inter-particle breakage. Compared to conventional technologies, HPGR
improves comminution efficiency by eliminating intermediate steps in the
grinding process owing to its ability to conduct size reduction through
compression as against impact crushing. The technology also offers advantages
of cost savings, easing process bottlenecks, reducing capital and maintenance
costs. Moreover, HPGR aids in gentle size reduction of sticky and abrasive
materials without involving over-grinding while producing consistent-sized
finer particles.
The global high pressure grinding roller
(HPGR) market size is estimated to be valued at US$ 496.04 billion in 2024 and
is expected to exhibit a CAGR of 16% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the high pressure grinding roller (HPGR) market are
Genova Diagnostics, Cell Science Systems, Life Length, Repeat Diagnostics,
Titianovo, DNA Labs India, Segterra, Telomere Diagnostics, Spectracell
Laboratories, Zimetry LLC, Immundiagnostik AG, Cleveland HeartLab, Inc., Genova
Diagnostics, DNA Diagnostics Center, Immuno Diagnostics, Cell Science Systems
Corporation, Life Length S.L., Repeat Diagnostics Inc., SpectraCell
Laboratories, Telomere Diagnostics.
The key opportunities in the High
Pressure Grinding Roller (HPGR) Market Size
include growing for energy efficient comminution technologies across mining
and minerals industries. Moreover, increasing application of HPGR technology for
processing sticky/swelling clays, soils, tailings, feldspar, coal, iron ore and
other materials offers opportunities for market growth.
Global expansion is another opportunity area with key players focusing on
partnerships, acquisitions and geographical expansion especially in developing
regions of Asia Pacific, Latin America and Africa to tap the growing demand.
Market drivers
Rising need for energy-efficient comminution technology: Conventional
comminution techniques consume huge amounts of energy and are relatively
inefficient compared to HPGR technology. Growing emphasis on reducing carbon
footprint is driving demand for energy efficient HPGR systems.
Cost savings potential: HPGR offers around 40-60% energy savings compared to
conventional technologies thereby improving comminution efficiency at
considerably lower costs. It also limits operational expenses related to wear
parts, maintenance and downtime.
Market restraints
High capital costs: Setting up of HPGR systems involves relatively high capital
investments compared to traditional grinding solutions acting as a key
restraint.
Specialized component requirements: HPGR requires use of technologically
advanced rollers and sturdy components that need to withstand massive pressures
involved. This increases component costs.
Segment
Analysis
The high pressure grinding roller (HPGR) market is dominated by iron ore sub
segment. Iron ore milling is one of the most important operations in iron
making. HPGR technology has revolutionized iron ore grinding operation in
mining industry. It high compression forces helps iron ore particles to
breakdown and provides optimal size for efficient separation in magnetic
separation process. This has significantly improved efficiency and productivity
of iron ore processing plants globally.
Global Analysis
Regionally, Asia Pacific dominates High
Pressure Grinding Roller (HPGR) Market Regional Analysis and accounted
for over 35% market share in 2024. This is primarily due to presence of several
Chinese iron ore mining companies which are major end users of HPGR systems.
China alone contributes for over 55% of global iron ore production and majority
of its mines have installed multiple HPGR units. Europe is the second largest
region for HPGR market driven by developed mining industry in Russia, Ukraine
and Scandinavian countries. These regions are focusing on improving efficiency
of iron ore grinding circuit to reduce operating cost.
Get More
Insights on- High
Pressure Grinding Roller (HPGR) Market
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