Sales in the global vibrating screen market are slated to top US$ 1.37 Billion in 2022. Expanding at a healthy 7.6% CAGR, the market size is projected to total US$ 2.3 Billion by 2029.
Future Market Insights (FMI), in its latest research, evaluates the vibrating screen market which includes global industry analysis 2022 to 2029 and opportunity assessment 2022 to 2029. The report investigates the vibrating screen market and provides critical insights for the forecast period of 2022 to 2029. As per the research, the global vibrating screen market was valued at ~ US$ 1.37 Billion in 2022, and is estimated to increase at a CAGR of ~7.6% between the forecast period of 2022 and 2029.
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According to FMI, the worldwide vibrating screen market’s saviour will be the uptick in mining operations to meet the demand for hard rock minerals and precious metals as well as the construction of infrastructure assets. On the other hand, declining mining activities because of environmental regulations to reduce carbon footprint and a high attrition rate among miners because of opponents on the job site would obstruct the growth path.
Demand for Circular Vibrating Screens in Mining Industry to See an Upturn
Circular vibrating screens are inundating more than half of the market revenues, as per FMI’s study. The mining industry, including coal mines, and quarrying sites, is leveraging circular vibrating screens owing to their ability to classify materials with large specific gravity, large particles and great rigidity. The exciter of circular vibrating screens is mounted above the center of gravity of the screen box and the upper tip of elliptical long axis of the feeding end is positioned towards the leakage direction, which results in higher processing capacity per unit time than that of its linear counterpart.On the flip side, the complexity of shakers and fast-rate rotation of the two shafts in linear vibrating screens imply high fueling demands. Further, the FMI’s study finds that linear vibrating screens are chiefly utilized for classification of fine particles, light weight, and low stiffness materials, making them suitable for industries such as, building materials, chemical, and pharmaceutical.
Manufacturers showing Stauncher Inclination toward Direct Drive System
As per the FMI’ report, adoption of direct drive system in vibrating screen accounts for more than 50% of the market revenues owing to the absence of gearboxes and belts in the design, which results in lesser wear and tear between the components. The direct drive system is cost-efficient as the moving parts in the operation and framework are less complicated. For noise abatement, the direct drive system comes up with simple arrangement and lesser moving components which may vibrate during mechanism.
Furthermore, the reduced number of kinetic parts prevent easy loss of energy due to friction, enabling better efficacy, improved accuracy and increased life-cycle of the vibrating screen components. The indirect drive system, on the other hand, is subjected to friction between constituents including, gears, couplers, and pulleys, implying decreased efficiency and precision.
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Vibrating Screen Market by Category
Product Type:
- Linear Vibrating Screens
- Circular Vibrating Screens
- Elliptical Vibrating Screens
Drive Type:
- Direct Drive
- Indirect Drive
End-use Industry:
- Construction
- Mining
- Recycling
- Others (Iron & Steel, Power, etc.)
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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