The global High Pressure Grinding Roller (HPGR) Market is estimated to be valued at US$ 377.5 Mn in 2022 and is expected to exhibit a CAGR of 6.8% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
High pressure grinding roller (HPGR) is an energy efficient comminution method of compressing and crushing rock and ore between two counter rotating, parallel rollers with a small gap between them. HPGR technology allows size reduction through compression and grinding rather than conventional crushing and grinding using impact or attrition alone. HPGR technology significantly reduces operating costs associated with power consumption compared to other technologies such as cone crushers and ball mills. The significant improvements in energy efficiency offered by HPGR systems has increased its adoption across mining and mineral beneficiation industries.
Market key trends:
One of the key trends gaining traction in the global HPGR market is the increasing adoption of HPGR technology across mineral beneficiation processes. HPGR systems consume up to 30-40% lesser energy than traditional crushers and grinding mills. Mining companies are increasingly incorporating HPGR systems to improve energy efficiency and reduce operational costs. For example, major mineral producers such as BHP Billiton, Rio Tinto, Glencore, and Vale have integrated multiple HPGR units across various mineral beneficiation plants worldwide. The superior energy saving benefits offered by HPGR technology over conventional alternatives continues to drive its demand, especially from large mining conglomerates aiming to boost productivity through resource optimization.
Threat of new entrants: Low capital requirements and established brand values of existing players make entry difficult for new players in the HPGR market.
Bargaining power of buyers: Large mining companies have high bargaining power due to bulk buying, forcing prices to decline.
Bargaining power of suppliers: Leading equipment manufacturers like Metso and FLsmith have strong bargaining power over mining companies due to proprietary technology and product differentiation.
Threat of new substitutes: No close substitutes exist for HPGR, limiting threat from substitutes.
Competitive rivalry: Intense competition exists among prominent players like Metso, FLsmith and others resulting in competitive pricing and innovation.
The global High Pressure Grinding Roller (HPGR) Market Share is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing demand for energy and steel. North America dominates the HPGR market currently due to large mining industry in the region.
Regional analysis: North America holds the largest share in the global HPGR market currently, owing to strong presence of mining and mineral processing industry in the US and Canada. Asia Pacific is expected to witness fastest growth during the forecast period led by rising infrastructure development and urbanization in China and India.
Key players: Key players operating in the HPGR market are FLSmidth & Co. A/S, Metso Oyj, Koppern Group, CITIC Heavy Industries Co. Ltd. (CITIC HIC), ThyssenKrupp Industrial Solutions AG (Polysius AG), SGS S.A., KHD Humboldt Wedag International AG, Outotec Oyj, and ABB Ltd. The prominent players are focusing on new product launches and mergers & acquisitions to gain higher share.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it