Sales in the global vibrating screen market are slated to top US$ 1.37 Bn in 2022. Growing at a healthy 7.6% CAGR, the market size is cast to total US$ 2.3 Bn by 2029. Future Market Insights (FMI), in its latest research, considers the vibrating screen market which contains a global industry analysis 2014–2018 and an opportunity assessment 2019–2029. The report investigates the vibrating screen market and delivers critical insights for the forecast period of 2019-2029. As per the research, the global vibrating screen market was valued at ~ US$ 1 Bn in 2018 and is estimated to increase at a CAGR of ~7% between the forecast period of 2019 and 2029.
The upswing in mining processes to suffice the requirement for precious metals and hard rock minerals as well as in construction activities to build infrastructure assets is the messiah of pain points of the global vibrating screen market, suggests FMI. On the contrary, the growth trail will get hindered by tumbling mining operations on grounds of environmental amendments to curb carbon footprint and a high attrition rate among miners due to on-site adversaries.
Vibrating screens have been hitting the mark with innovations over the years as sieving equipment in grading and screening of the required material, which would have been otherwise impossible. FMI’s study suggests that major market players are including add-ons to the existing and new equipment for better screening efficacy and elongated life-cycle.
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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 centre of gravity of the screen box and the upper tip of the 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 the classification of fine particles, lightweight, and low stiffness materials, making them suitable for industries such as building materials, chemicals, and pharmaceuticals.
Manufacturers showing Stauncher Inclination toward Direct Drive System
As per the FMI report, the adoption of a direct drive system in vibrating screens 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 a simple arrangement and lesser moving components which may vibrate during the mechanism.
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Furthermore, the reduced number of kinetic parts prevents 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. This study tracks the growth of the global Vibrating Screen Market throughout 2019-2029.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.
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