Press release
Powering Efficiency and Sustainability: The Flourishing Europe Wire Granulator Market for Effective Recycling
A huge amount of electronic waste is generated every year. The majority of the produced electronic garbage is burned and dumped in landfills. Plastics, aluminium, and copper are all essential components of the electrical and electronics industries.
Waste cable is a significant source of non-ferrous metal-containing raw materials. For economic and environmental reasons, recycling aids in the recovery of metallic content. Metals can be recycled indefinitely without losing any of their original properties and the risk of global warming is also decreased through the recovery of these metals.
The amount of discarded wires is growing along with the wire industry's quick development. The need for wire granulators will increase as more trash household appliances are disassembled for the recycling of raw materials such as used cables, wires, communication and telephone lines, multi-strand and single-strand cables, and other wires. Metal and plastic are totally separated by granulators and the goal of comprehensive utilization is also fulfilled.
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Key Takeaways from Market Study
The Europe wire granulator market is projected to expand at a CAGR of 3.2% and be valued at US$ 341.9 million by 2033
The market witnessed a 2.2% CAGR for the period of 2018-2022
Germany dominates the European market with a 25.0% market share in 2023
Copper segment accounts for the maximum share in the wire granulator market holding 57.0% of the Europe market in 2023
The wire granulator with a capacity of 100-300 kg/h accounts for maximum consumption holding 44.0% of the Europe market in 2023
The copper segment is expected to be the crown of the market with a growth rate of 3.2% from 2023-2033
Segmentation of Wire Granulator Industry Research
By Material :
Copper
Aluminium
Other
By Capacity (Kg/h) :
>100
100-300
300-500
500 & above
By Mechanism :
Semi-automatic
Automatic
By Country :
Germany
France
UK
BENELUX
NORDIC
Italy
Spain
Rest of Europe
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Report Attributes Details
Market Size (2022A) US$ 240.9 Million
Estimated Market Value (2023E) US$ 250.6 Million
Forecasted Market Value (2033F) US$ 341.9 Million
Europe Market Growth Rate (2023-2033) ~3.2% CAGR
No. of Pages 170 Pages
No. of Tables 112 Tables
No. of Figures 101 Figures
Market's Key Stratagems
Market participants offer a complete line of machinery that is equipped with the modern technologies required for recycling operations in different recycling industries. Players are focusing on providing solutions that are specifically tailored to the needs of their users. Manufacturers are aiming on creating equipment that performs well under severe conditions. Players are focusing on improving their online presence and increasing their production capacity in order to reach a broader market.
Manufacturers of wire granulators are focusing on developing machines that maximize economic benefits by improving productivity and saving energy. Players focus on expanding their market reach by partnering with or acquiring local or regional businesses to serve vast catchment areas and generate large profit margins.
Strengthening the distribution network and long-term contracts with suppliers in non-legacy markets are also the focus of market leaders. Players are focusing on providing a wide range of equipment that is required during the recycling process.
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Key Companies Profiled
ICS CONTEC Maschinenbau GmbH
JMC Recycling Ltd
STOKKERMILL
Strip Technology, Inc
US Sales Office:
11140 Rockville Pike
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Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
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Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
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