Global Resource Circulation Equipment Market is Expected to Reach USD 17.65 Billion by 2019: Transparency Market Research

 Global Resource Circulation Equipment Market is Expected to Reach USD 17.65
                Billion by 2019: Transparency Market Research

  PR Newswire

  ALBANY, New York, October 31, 2013

ALBANY, New York, October 31, 2013 /PRNewswire/ --

Transparency Market Research has released a new market report titled "
Resource Circulation Equipment Market for Automotive, Construction, Electrical
& Electronics, Paper, Plastic & Polymers, Metal, Oil & Gas and Other
Applications - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2013 - 2019 , " which observes that resource circulation equipment
market has generated revenue of USD 10.70 billion in 2012 and is expected to
reach USD 17.65 billion by 2019, growing at a CAGR of 7.5% from 2013 to 2019.

Browse the full report with complete TOC at

Resource circulation equipment deals with the processing of solid waste. The
resource circulation process entails activities pertaining to the collection,
sorting, processing, and transferring of solid waste to convert it into usable
raw material, or conversion of waste into fuel or any form of energy. Such
equipment has a wide application range and is used in almost all forms of
waste-to-energy generation. The growing environmental concerns and government
regulations in North America and Europe, as well as rapid economic growth in
Asia Pacific is expected to remain the major driving force for the resource
circulation equipment market. High initial cost of setting up of recycling
facilities is expected to be a key challenge for market participants.

Electrical and electronic device recycling and construction recycling
applications dominated the global resource circulation equipment market and
collectively accounted for over 36% share of total revenue generated in 2012.
The other application segments where resource circulation equipment are
employed include automotive recycling, plastic and polymer recycling, paper
recycling, metal recycling among others. Growing electrical and electronic
waste and the need of recycling this waste is expected to be the key growth
market for resource circulation equipment over the next few years.

North America accounted for 39.5% of the total resource circulation equipment
market in 2012, followed by Asia Pacific and Europe. The demand for resource
circulation equipment in Asia Pacific region is expected to exhibit rapid
growth in the coming years. Moreover, stringent environmental regulations
regarding recycling of hazardous industrial waste in developed countries is
expected to shift the recycling industry towards underdeveloped countries in
Asia Pacific and RoW region with lax environmental regulations. This is
expected to be the major growth driver for the resource circulation equipment
market in these regions. Europe is also one of the major markets for resource
circulation equipment with over 20% share in total revenue generated by the
industry in 2012 and is expected to exhibit moderate CAGR of about 6.5% from
2013 and 2019. Kawasaki Heavy Industries Ltd., Vecoplan AG, Metso, Foster
Wheeler, Wolf Material Handling Systems, are some of the major participants in
the resource circulation equipment industry.

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  *Resource Circulation Equipment Market - Application Segment Analysis



    Electrical and electronics


    Plastic and Polymer


    Oil and Gas

    Others (Agriculture, medical etc.)

  *Resource Circulation Equipment Market - Regional Analysis

    North America


    Asia Pacific

    Rest of the world

Browse all Chemical & Materials Market Research Reports @

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