The Global Resource Circulation Equipment Market is expected to reach USD 18.55 billion by 2020, according to a new study by Grand View Research, Inc. Increasing industrial & electronic waste coupled with stringent environmental regulations are expected to drive RCE demand over the next six years. Recent uptrend in recycling rate and efficiency is also expected to have a positive impact on resource circulation equipment sales. However, high initial investment cost is expected to be a key challenge for market participants.
Electrical & electronics emerged as the leading application segment for resource circulation equipment and accounted for 20.6% of total market revenue in 2013; this is also expected to be the fastest growing application segment, at an estimated CAGR of 8.3% from 2014 to 2020. Demand for RCE in metal industry is expected to exceed USD 2.5 billion by 2020, growing at a CAGR of 7.9% from 2014 to 2020. Increasing industrial waste and scrap recycling activities are expected to drive the growth of this segment.
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Further key findings from the study suggest:
For the purpose of this study, Grand View Research has segmented the resource circulation equipment market on the basis of application and region:
• Global Resource Circulation Equipment Market Application Outlook (Revenue, USD Million, 2012 - 2020)
• Electrical & Electronics
• Plastic & Polymers
• Oil & Gas
• Others (Agriculture, Medicine, etc)
• Global Resource Circulation Equipment Regional Outlook (Revenue, USD Million, 2012 - 2020)
• North America
• Asia Pacific
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