The cone crusher market was valued at USD 1,450.3 million in 2019, and it is expected to reach a value of USD 1,988.8 million by 2025, while registering a CAGR of 5.49% over the forecast period. The crushing and grinding requirement of industries, such as mining, construction, processing, and demolition, changed drastically in the last two decades, where crushers were primarily stationary equipment that used to convert coarse materials to more elegant materials, and eventually, pass them onto the tertiary crushing equipment. Nowadays, the demand for mobile and portable crushers is observing a significant growth.
– Industries that operate crushing equipment are focusing on lowering costs, increasing production, and becoming more energy-efficient, as crushing equipment is the primary reason behind increased energy consumption in these industries. For instance, comminution consumes the most significant part of the energy used in mining operations, of about 30-70%. According to Thermo Fisher, grinding and crushing of ore are energy-intensive and account for about 3-5% of the world’s power usage. Owing to this, various vendors in the market are increasingly offering solutions that are energy efficient and save costs. For example, Metso’s new Lokotrack LT4MX mobile cone crusher is said to provide excellent energy efficiency with the direct v-belt drive.
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Key Market Trends
Mining and Metallurgy is Expected to Hold Major Share
– The metal and mining industry has been recovering from one of its difficult periods in the past decade. The market volatility and the downturns in commodity prices have also created a new trend, where cost-cutting, automation, and operational efficiency have become crucial. This slowdown of the industry has created potential opportunities for significant companies to restructure their offerings and integrate smart practices to provide optimized and sustainable solutions to clients.
– Players in the market are offering equipment that save costs. For example, the Metso MX cone crushers coupled a rotating bowl and piston into one crusher. This patented multi-action technology primarily results in lower operating costs, higher uptime, and more consistent output. These cone crushers are suited for secondary, tertiary, and quaternary crushing stages in hard and soft rock applications. The company also claims that it saves 10% or more in OPEX, compared to traditional cone crushers.
– The mining industry has always encouraged and adopted digitalization and innovation. This trend is expected to help the mining operations to get the most productivity from their assets by using advanced data analytics and the Internet of Things (IoT). Crusher manufacturers around the world are also heading toward the same trend by launching equipment with built-in computer intelligence that allows miners to forecast the equipment wear and reduce the unexpected downtime.
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