Global Vertical Roller Mill Market Size By Type, By Application, By Geographic Scope And Forecast
Report ID: 21874|No. of Pages: 202
Global Vertical Roller Mill Market Size By Type, By Application, By Geographic Scope And Forecast
Vertical Roller Mill Market Size And Forecast
Vertical Roller Mill Market size was valued at USD 513.14 Million in 2023 and is projected to reach USD 734.12 Million by 2030, growing at a CAGR of 5.92% from 2024 to 2031.
The ecosystem-friendly nature of vertical roller mills in terms of recyclability and low waste generation is a driving factor for the adoption of the Vertical Roller Mill Market. The Global Vertical Roller Mill Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Vertical Roller Mill Market Drivers
The market drivers for the Vertical Roller Mill Market can be influenced by various factors. These may include:
- Efficiency and Environmental Issues: The effectiveness of vertical roller mills in grinding a variety of materials, including ores, minerals, and cement, is well-known. VRMs are becoming more and more popular as an environmentally friendly substitute for conventional ball mills, as industry place a greater emphasis on sustainability and as environmental laws tighten.
- Cost-effectiveness: By consuming less energy, requiring less maintenance, and having a smaller footprint than traditional ball mills, VRMs can be more affordable than traditional ball mills, which attracts businesses trying to cut costs on operating expenditures.
- Growth of the Cement Industry: As infrastructure and urbanisation increase, particularly in emerging economies, there will likely be a greater need for cement. The cement industry frequently uses vertical roller mills (VRMs) to grind additives, clinker, and raw materials. As this business grows, so too may the need for VRMs.
- Technological Developments: As VRM technology continues to evolve, industries looking for increased productivity and quality will find these mills more appealing due to features including better automation, better control systems, and more grinding efficiency.
- Mining and Mineral Processing: VRMs are also used to grind a variety of ores in the mining and mineral processing sector. The growth of the mining industry may increase the need for VRMs due to the rising demand for metals and minerals around the world.
- Preference for Vertical Mills: Because vertical roller mills can handle a larger variety of materials and can grind materials more finely while using less energy, they may be preferred by industries over horizontal ball mills, which would fuel market expansion.
- Infrastructure Development: The need for huge amounts of cement and other building materials is common in infrastructure projects like building roads, bridges, and residential and commercial buildings, which might increase the need for VRMs.
- Emphasis on Energy Efficiency: Industries are focusing more and more on energy-efficient technologies as energy costs continue to grow. VRMs can propel market expansion because of their lower energy consumption per tonne of material processed, which is in line with this trend.
Global Vertical Roller Mill Market Restraints
Several factors can act as restraints or challenges for the Vertical Roller Mill Market. These may include:
- High Initial Investment Costs: Vertical roller mill installation and setup need a large initial capital investment, which may discourage smaller businesses or those with tighter budgets from implementing this technology.
- Technical Complexity: The installation, operation, and maintenance of VRM technology can be complicated, requiring specific skills. Some businesses may find it difficult to get started because of its intricacy, especially smaller ones that lack the requisite experience.
- Restricted Application Scope: Vertical roller mills have benefits in some industries, such cement, power generation, and mineral processing, but they might not be as useful in other fields. Opportunities for market expansion may be limited by this particular concentration.
- Competitive Pressure: Alternative technologies like ball mills, which have historically been employed in a variety of industries, could provide a threat to the VRM business. It can be difficult to persuade potential clients of the advantages of VRM and to overcome established competitors.
- Regulatory Obstacles: Manufacturers and operators of VRMs may face difficulties adhering to safety and environmental requirements. Complying with strict regulations can drive up expenses and put up obstacles to entering or growing a market.
- Supply Chain Disruptions: The availability of raw materials, parts, or equipment required for VRM production may be impacted by supply chain disruptions brought on by natural catastrophes, geopolitical unrest, or other causes. This could result in delays or higher expenses.
- Customer Opposition to Change: Certain industries may be reluctant to embrace new technology, opting instead to continue using established practices or equipment that they are accustomed to using. Overcoming inertia and persuading clients of the advantages of VRM can be a big obstacle to market penetration.
- Volatility in Raw Material Prices: Changes in the cost structure of VRM manufacturing can have an impact on profit margins and market competitiveness. These changes can occur in the prices of essential raw materials like steel, cement, or minerals.
- Global Economic Conditions: The market for VRM equipment may be impacted by economic downturns or uncertainty that reduce investment in industrial infrastructure projects.
Global Vertical Roller Mill Market: Segmentation Analysis
The Global Vertical Roller Mill Market is segmented on the basis of Type, Application, And Geography.
Vertical Roller Mill Market, By Type
Spring Type
Hydraulic Type
Based on Type, The market is segmented into Spring Type and Hydraulic Type. The Hydraulic Type system of vertical mill is an important system, the main function of the Hydraulic system is to break the grinding roller, which is when the internal grinding cavity wear parts wear, can stop open on both sides of the grinding roller mill, to replace the inside parts or repair.
Vertical Roller Mill Market, By Application
Coal Industry
Slag Grinding
Desulfurization Industry
Cement Industry
Others
Based on Application, The market is segmented into Coal Industry, Slag Grinding, Desulfurization Industry, Cement Industry, and Others. The Cement Industry segment holds the big share market. Its grinding table liners and roller sleeves are made from wear-resistant hard-facing material or ceramic material. Blades of the separator use high-quality and wear-resistant plates. Thus, equipment wear can be minimized, reducing maintenance time and thus increasing availability and overall performance. Vertical Coal Industries are used for grinding bituminous coal, anthracite, and petcock for the burning systems in clinker burning and power generation according to the type and quantity of additives.
Vertical Roller Mill Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
On the basis of Regional Analysis, The Global Vertical Roller Mill Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region is expected to witness the highest CAGR during the forecast period. This is primarily due to the rise in disposable income in these countries, and growth in urbanization. It can also be attributed to rising growth in construction work.
Key Players
The “Global Vertical Roller Mill Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Loesche GmbH, Danobat Group, Gebr Pfeiffer SE, GBM, Flsmidth, ALSTOM Power, Bestall-Sharp Group, Nicolas Correa S.A., Shanghai SUAMG Company, UBE MACHINERY CORPORATION, LTD, Sinoma-tcdri, ThyssenKrupp, Zhejiang Tongli, Jiangsu Pengfei.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | Loesche GmbH, Danobat Group, Gebr Pfeiffer SE, GBM, Flsmidth, ALSTOM Power, Bestall-Sharp Group. |
| SEGMENTS COVERED | • By Type |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post-sales analyst support
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL VERTICAL ROLLER MILL MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL VERTICAL ROLLER MILL MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL VERTICAL ROLLER MILL MARKET, BY TYPE
5.1 Overview
5.2 Spring Type
5.3 Hydraulic Type
6 GLOBAL VERTICAL ROLLER MILL MARKET, BY APPLICATION
6.1 Overview
6.2 Coal Industry
6.3 Slag Grinding
6.4 Desulfurization Industry
6.5 Cement Industry
6.6 Others
7 GLOBAL VERTICAL ROLLER MILL MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL VERTICAL ROLLER MILL MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Loesche GmbH
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Danobat Group
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Gebr Pfeiffer SE
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 GBM
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Flsmidth
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 ALSTOM Power
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Bestall-Sharp Group
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Nicolas Correa S.A.
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Shanghai SUAMG Company
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 UBE MACHINERY CORPORATION LTD
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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