Press release
Paper Machine Systems Market to Register a Strong Growth By 2025
The growing consumption of paper and paperboard is one of the prime factor driving the global paper machine systems market. The pulp and paper production is growing with the extreme demand for drive technology or systems. As the paper machine systems ensure smooth interaction between the various forces involved in the manufacture of paper. The superior operational benefits further drive the global paper machine system market. The increasing demand for economic and ecological advantages by the paper and pulp manufacturers further fuels the paper machine systems market.
Global Paper Machine Systems Market: Segmentation
On the basis of machine type, paper machine systems market can be segmented as follows: Fourdrinier, Twin-wire, Multi-ply. On the basis of system type, paper machine systems market can be segmented as follows: Paper drying system, Blow through systems, Trap based systems, Pocket and hood ventilation system, Paper vacuum system, Quality control systems, Others.
Global Paper Machine Systems Market: Region wise Outlook
The global paper machine systems market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). The paper machine systems market in Western Europe is robust with the presence of established players such as MAN Diesel & Turbo Schweiz AG, ABB Ltd, Popp Maschinenbau GmbH etc. Also, the countries such as Sweden, Germany, Italy and Finland are among the top in the production of paper and paperboard.
The availability of advanced machinery for paper production influences the manufacturers to increase their yield ratio also. APEJ paper machine systems market is expected to grow at significant CGAR during the forecast period owing to the increasing consumption of paper and pulp products. Also, the availability of skilled labour force at a below average cost rate further drives the consumption of paper machine systems market in the region.
The paper machine systems North America is matured with the consolidation of the market by the prominent players. For instance, in 2015 BW Papersystems acquired the BW Bielomatik Machines, a Germany-based machinery manufacturer to enhance its global position.
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Global Paper Machine Systems Market: Key Players
Some of the prominent players identified in the global paper machine systems market include: ABB Ltd, Seiko Epson Corporation, Forbes Marshall, MAN Diesel & Turbo Schweiz AG, Voith GmbH, BW Papersystems (A Barry-Wehmiller Company), Popp Maschinenbau GmbH, Rockwell Automation, Inc., TMEIC, Runtech Systems Oy.
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