Resource Circulation Equipment Market Size, Share & Trends Analysis Report By Application, By Region (North America, Europe, Asia Pacific, RoW), And Segment Forecasts, 2015 - 2020

Industry Insights

Resource circulation equipment is primarily used for the processing of solid waste. The recovery of raw materials using recycling is a key function of resource circulation equipment. Resource circulation equipment is mainly used to recover valuable materials and also to generate energy from waste. Resource circulation equipment finds applications across various end-user industries such as automotive, construction, electrical & electronics, and oil & gas.

Some of the major applications of RCE include tire recycling, solid waste processing, rubber powder production, landfilling and gas recycling facilities among others. The quest to reduce carbon footprint by industries on account of stringent regulatory scenarios across various nations coupled with increasing importance for efficient environmentally friendly technologies has propelled the growth of the recycling market.

The growth of the global recycling industry, in turn, has helped in developing the overall market for resource-circulating equipment. In addition, growing environmental concerns, particularly in developed countries and emphasis on achieving sustainable development in emerging markets such as India and China, are expected to fuel the demand for RCE.

The global market for resource circulation equipment experienced a decline in demand due to the global economic slowdown in 2009. However, demand increased since 2010 due to the steady growth of major end-user industries following the recovery of the global economy. Recycling activities in electrical & electronics, construction, and plastic & polymers industries accounted for more than half of the total market revenue in 2012.

Additionally, increasing awareness regarding energy creation from waste is expected to spur demand over the next six years. The high initial investment cost is expected to remain a key challenge for market participants. The investment cost structure for resource circulation equipment includes capital, operational and maintenance costs

Application Insights

The residential/commercial sector dominated the global demand and accounted for over 45% of the total volume in 2015. Favorable government initiatives and subsidies to promote the product as the major alternative fuel to conventional counterparts including coal and wood fuel has been the major factor contributing towards market penetration.

This report segments the application of resource circulation equipment as automotive, construction, electrical & electronics, paper, plastic & polymers, metal, and oil & gas among other segments including agriculture and medical. Electrical & electronics emerged as the largest application segment and accounted for 20.6% of the total market revenue in 2013.

In addition to being the largest application segment, electrical and electronics is also expected to be the fastest-growing market for RCE at an estimated CAGR of 8.3% from 2014 to 2020. The need for recycling of electronics waste is expected to be a key factor for the growth of electrical & electronics segment in the market.

Electrical & electronics was followed by construction at 16.1% of total market revenue in 2013. Recycling activities such as tire recycling and waste tire processing are expected to thrust the growth of resource circulation equipment in the automotive industry. Growing preference towards RCE due to the scarcity of landfill sites is expected to drive the growth of the market in the construction segment. 

Regional Insights

North America emerged as the largest regional market for RCE and accounted for 39.4% of total market revenue in 2013. Increasing demand for usage of recycled materials along with increasing industrial and electronic waste is expected to drive the market in this region.

North American and European markets for RCE are governed by stringent environmental regulations which in turn are expected to remain a key driving factor for the market in these regions. North America was followed by Asia Pacific with 33.2% of total market revenue in 2013.

Increasing recycling activities in China and India on account of growing governmental interventions are expected to drive the resource circulation equipment market in Asia Pacific. Asia Pacific is expected to be the fastest-growing region for resource circulation equipment market at an estimated CAGR of 8.0% from 2014 to 2020

Resource Circulation Equipment Market Share Insights

Some of the major participants in the global resource circulation equipment market include Kawasaki Heavy Industries Ltd., Metso, Vecoplan AG, Komptech GmBH, Wolf Material Handling Systems, and Foster Wheeler among others. Other participants include Clean Burn Inc., Lurgi AG, JFE Engineering Corporation, ShowaDenko, ThermoSelect SA, and ECO Green Equipment

Report Scope

Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends in each of the sub-segments from 2012 to 2020. For the purpose of this study, Grand View Research has segmented the resource circulation equipment market on the basis of application, and region:

• Application Outlook (Revenue, USD Million, 2012 - 2020)

  • Automotive

  • Construction

  • Electrical & Electronics

  • Paper

  • Plastic & Polymers

  • Metal

  • Oil & Gas

  • Others (Agriculture, Medical, etc.)

• Regional Outlook (Revenue, USD Million, 2013 - 2024)

  • North America

  • Europe

  • Asia Pacific

  • RoW