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Global Sinter Plant Market 2018-2022| Improvement in Sinter Technology to Boost Demand| Technavio

January 3, 2019

LONDON--(BUSINESS WIRE)--Jan 3, 2019-- analysts forecast the global sinter plant market to grow at a CAGR of close to 4% during the forecast period, according to their latest market research report.

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Technavio has published a new market research report on the global sinter plant market from 2018-2022. (Graphic: Business Wire)

The improving share of coastal areas in global steel production is one of the major trends being witnessed in the . With the growing concerns of inland pollution, the steel mills are shifting from inland to coastal areas. This can be attributed to the high wind speeds encountered in coastal areas that can diffuse emission from a steel plant quicker than low wind speeds encountered in inland areas. For instance, Jiangsu and Hebei provinces are encouraging steel producers to move to coastal areas in order to decrease smog during winters in and around Shanghai and Beijing. Coastal sites can also reduce the cost of logistics as they facilitate material handling.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global sinter plant market is the improvement in sinter technology:

Global sinter plant market: Improvement in sinter technology

Blast furnace accounts for most of the energy consumed by an integrated steel plant. Technological advancements in sinter technology help in producing sinter with better qualities, which eventually minimizes energy consumption in a blast furnace. For instance, vendors in the market started offering sinter plant that can provide sinter material that has high permeability and homogeneity. This enhances the efficiency of heat transferred between sinter or burden material and hot gases. Such advances in technology are expected to positively impact the growth of the global sinter plant market during the forecast period.

According to a senior analyst at Technavio, “The electricity conversion factors of power plants have improved significantly owing to the latest power generation technologies. This, coupled with the enhanced efficiency of consumer devices and a large increase in power generation, has led to most of the steel producing countries having surplus electric power. The adequate availability of electricity and improved power supply infrastructure is fueling the growth of the market.”

Global sinter plant market: Segmentation analysis

The global sinter plant market research report provides market segmentation by product (material handling, mixing, and granulation system, sinter machine, waste gas recirculation system, and sinter cooler and screening system), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The APAC region held the largest share of the market in 2017, followed by EMEA and the Americas respectively. The APAC region will continue to dominate the global market with the highest incremental growth during the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190102005688/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING STEEL

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/03/2019 01:41 AM/DISC: 01/03/2019 01:41 AM

http://www.businesswire.com/news/home/20190102005688/en

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