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Resource Circulation Equipment Market is Expected to Grow to USD 17.65 Billion by 2019

09-12-2017 11:42 AM CET | Health & Medicine

Press release from: TMR - Research Reports

Resource Circulation Equipment Market is Expected to Grow to USD

The global market for resource circulation equipment witnessed a noteworthy drop in demand owing to the economic downturn across the globe between 2008 and 2009. Nevertheless, since 2010, the resource circulation equipment market grew substantially due to an uptick in demand from application industries resulting from the revival of the worldwide economy.

Yet, the high investment costs and relatively high prices of recycled products are the key factors expected that will continue to curb the growth of the global market for resource circulation equipment in the near future. On a positive note, the increasing government expenditure and incentives and the substantial growth in construction and industrial waste are the major factors propelling the market. In addition, the upcoming recycling facilities and shrinking land allocated for landfills could further augment the growth of the market.

View Full Report: http://www.transparencymarketresearch.com/resource-circulation-equipment.html

The global market for resource circulation equipment has been segmented on the basis of application into automotive, electrical and electronics, oil and gas, paper, metal, plastic and polymer, construction, and others. In 2012, the electrical and electronic equipment segment dominated the market, holding a 20% share in the global market for resource circulation equipment. The concept of recycling in the electrical and electronic equipment sector is expected to remain the key factor fueling the growth of this segment in the next few years.

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The global market for resource circulation equipment has been categorized on the basis of geography into North America, Europe, Asia Pacific, and Rest of the World. Among these regions, Europe and North America are considered as lucrative markets, thanks to the rigid government and environmental regulations prevailing here. In 2012, North America was dominant; it held a 39% share in the global market for resource circulation equipment. The increasing electronic and industrial waste and rigid government regulations are the key factors projected to fuel the growth of the North America market for resource circulation equipment throughout the forecast period. On the other hand, the growing recycling activities in Asia Pacific are expected to drive the resource circulation equipment market in this region.

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The research report further talks about the competitive scenario of the global market for resource circulation equipment, including the company profiles, products offered, business strategies, financial overview, SWOT analysis, and recent developments if any. The leading players operating in the global market for resource circulation equipment include Foster Wheeler, Metso, Kawasaki Heavy Industries Ltd., Clean Burn Inc., ThermoSelect SA, ShowaDenko, VTT, Alfagy, Lurgi AG, Vecoplan AG, ECO Green Equipment, JFE Engineering Corporation, We Care Organics, Komptech GmBH, and Zhejiang Feida.

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About TMR

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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