Annular Cooler Market Trends, Industry Share, Growth Drivers, Business Opportunities and Demand Forecast to 2028

Annular coolers are popular equipment in this sector and are used in the pelletizing and sintering processes. It's commonly used to chill sinter and pellets. There are two main functions: cooling high temperature oxidation pellets discharged from the kiln to ensure that the temperature remains low enough to satisfy subsequent processes; as the key point of thermal equilibrium for the entire system, it recycles a quantity of heat from the high temperature pellet and uses it for previous processes, reducing fuel consumption. The growing need for energy-efficient, highly portable goods & less-power-consumption are driving the growth of the annular cooler market. The annular cooler market is expanding due to increasing hot weather conditions across the world, as well as increasing eccentric designs for both commercial & industrial use. Annular coolers have also grown in popularity as internet platforms such as e-commerce sites and third-party websites have grown in popularity.

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List of Key Players Covered in this Market Report
• Metso Outotec
• JP Steel Plantech Co.
• Hunan Zhongye Changtian Heavy Industry Technology Co.Ltd.
• MCC North Engineering Technology Co.Ltd.
• Tangshan Ruitai Machinery Co.Ltd.
• Northern Heavy Industry Group Co.Ltd.
• Chaoyang Heavy Machine Metallurgical Industry Co.Ltd.
• Hebei Huatong Heavy Industry Machinery Manufacturing Co.Ltd.
Key Advantages of Annular Cooler Market Report:
• Identification and analysis of the market size and competition
• Qualitative and quantitative analysis of the market data
• Data validated by industry experts after extensive primary and secondary research
• Extensive regional analysis of the Annular Cooler Market industry
• Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
• SWOT and Porter's Five Forces Analysis for in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Annular Cooler Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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COVID-19 Impacts:
The COVID-19 pandemic has had a great influence on numerous industries and the mining equipment industry also had a principal collapse. The demand for these machines observed a substantial drop owing to the supply chain commotions.
Moreover, even mining equipment producers observed the absence of raw materials owing to the import-export and travel limitations resulting in terminations or delays in mining assignments.

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Regional Analysis:
North America expected to exhibit susbtantial growth in annular cooler market. This region's market is being driven by an increase in pelletizing and sintering processes from both developed and emerging countries, owing to factors such as rising population and rising opportunities. In 2020, demand for annular cooler grew at an exponential rate in both the industrial and commercial sectors, owing to the increased requirement to maintain hygiene in the wake of the COVID-19 outbreak. Several companies reported a rise in income in these areas, & demand for annular cooler in the industrial sector increased as a result of global plant closures.

Segmentation
By type, the market is segmented into excavators, loaders, dozers, motor graders, dump trucks, and others.
On the basis of application, the global market is segregated into coal mining, gas & oil extraction, metal ore mining & non-metal mining. Coal mining industry is estimated to have a considerable market size owing to its demand from emerging countries.
Geographically, the global market is finally classified into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

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Key Industry Developments
In June 2021 - Metso Outotec and AM King, the leading marketplace for surplus mining and processing equipment globally, have entered into a global partnership agreement covering spares, wears, repairs and field service recommendations for AM King brokered mill and crusher sales, irrespective of the OEM.

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