World cement equipment market to reach USD 8bn by 2024

According to CW Research's World Cement Equipment Market and Forecast Report 2020, the market for cement manufacturing equipment and services is projected to decline to an estimated USD 8 billion by 2024. Fewer greenfield and brownfield capacity additions are expected to contribute to the negative trend.

"For Western equipment manufacturers, from a cost perspective, turnkey projects are becoming less frequent," notes Prashant Singh, Associate Director at CW Group. "On the other hand, the market size for upgrades and spares is expanding, primarily driven by a combination of the Chinese government's reforms to increase the efficiency of the cement sector, and rising global concerns about climate changes leading to increasingly stringent environmental standards."

COMPETITION INCREASES ON PROJECT SCARCITY

The cement plant equipment sector is and will continue to be competitive, playing out on three fronts: pricing, quality of equipment & engineering sophistication, and value-added services that include customer support and training on- and off-site.

"The current relative scarcity of projects means that a large number of suppliers are competing intensely for the same client, making the cement equipment market very much a buyer's market. Buyers are increasingly focused on process efficiency, leading to a greater demand for automation, control and testing," observes Carolina Pereira, Manager, Advisory & Research at CW Group.

The cement manufacturer's geographical location determines, to a large degree, the nature of value-added services being procured. For example, a large cement manufacturer based in a remote location is likely to intensively seek a combination of off-site training and automation to increase productivity. The same could be said for manufacturers located in developed markets that are focused on reducing personnel costs.

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For more information, placing an order, or interview inquiries, please contact Mihnea Manea, Media and Market Services Executive, CW Group, by phone at +40 723 281 704, or e-mail at mm@cwgrp.com.

ABOUT THE REPORT

The World Cement Equipment Market and Forecast Report addresses important market dynamics and provides a five-year outlook for equipment used in the production of clinker and cement. Building on a rigorous analysis of past and future cement plant capacity expansions (greenfield and brownfield expansions), the report covers all production stages, from raw material grinding to final cement dispatch. Key trends in the main production equipment segments are discussed, sized and forecasted (in USD value and capacity, where applicable), broken down into geographic segments (regions and global by equipment type).

More specifically, process-wise, the report covers equipment required in crushing (crushers), milling (raw meal mills, fuel mills, finishing mills), power (electricity generation and waste heat recovery), pyro processing (burners, pre-heaters/cyclones, kilns, coolers, alternative fuel preparation), and dispatch (weighing, bulk loading, bagging and palletizing equipment) is sized and forecast. Within the principal segments additional details are provided, including mills (vertical roller, ball and roller presses) as well as other equipment such as conveying, storage (silos, stackers/reclaimers), automation, motors, environmental & emissions (e.g., filters and scrubbers), and testing and control functions are extensively covered.

More information about the report can be found here:

https://www.cwgrp.com/research/research-products/product/294-world-cement-equipment-market-and-forecast-report-2020-forecast-through-2024

CW Group
PO Box 5263, Greenwich, CT 06831, USA
Mihnea Manea (mm@cwgrp.com)

ABOUT CW GROUP

The Greenwich (Conn.), USA-headquartered CW Group is a leading advisory, research and business intelligence boutique with a global presence and a multi-industry orientation. CW Group is particularly recognized for its sector expertise in heavy-side building materials (cement), light-side building materials, traditional and renewable power & energy, petrochemicals, metals & mining, industrial minerals, industrial manufacturing, bulk cargo & shipping, among others. We have a strong functional capability, grounded in our methodical and quantitative philosophy, including due diligence, sourcing intelligence, feasibility studies and commodity forecasting. www.cwgrp.com

This release was published on openPR.