Global Briquetting Machine Market is Predicted to Grow at a CAGR of ~7% during 2022-2031; Market to Grow on Account of Increasing Focus on Utilizing Renewable Energy Resources - Research Nester

Key Companies Covered in the Global Briquetting Machine Market Research Report by Research Nester are CF Nielson A.S, RUF US, Inc., Santec Exim Private Limited, WEIMA Maschinenbau GmbH, Jay Khodiyar Machine Tools, Maxton Industrial Co., Ltd., Yuken Europe Ltd., GURU KIRPA Engineering Works, Zhengzhou E.P Machinery Co., Ltd., GEMCO Energy Machinery Co., Ltd, and other key market players.

New York, New York, UNITED STATES


New York, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Research Nester has published a detailed market report on ‘Global Briquetting Machine Market’ for the forecast period, i.e. 2022 – 2031 which includes the following factors: 

  • Market growth over the forecast period 
  • Detailed regional synopsis 
  • Market segmentation 
  • Growth drivers 
  • Challenges 
  • Key market players and their detailed profiling 

Global Briquetting Machine Market Size:
The global briquetting machine market is estimated to grow at a CAGR of ~7% over the forecast period. Increasing focus on utilizing renewable energy resources are estimated to boost the market growth. About 12.2% of all energy consumed in the United States in 2021 came from renewable sources. Briquetting machine is used for recycling biomass waste. It converts waste, such as, paper, plastic, wooden, and agricultural straw into regular shaped blocks.
Get a Sample PDF Brochure: https://www.researchnester.com/sample-request-4067

Furthermore, increasing pollution all around the globe in increasing demand for renewable resources and hence which in turn is expected to increase the demand for briquetting machine. Around 7 million deaths per year worldwide are attributed to home and ambient air pollution; in the Western Pacific Region alone, this number is closer to 2.2 million. Hence briquetting blocks act as the best substitute for coals as they emit less smoke while burning and are ash free which makes them best fuel resources and leads to less pollution.

Global Briquetting Machine Market: Key Takeaways

  • Asia Pacific region to garner noteworthy growth
  • North America to witness escalating growth
  • Roller type segment to hold the largest share

Increasing Awareness Regarding Waste Management amongst People to Boost Market Growth
Owing to increasing pollution more focus is given to renewable source of energy. According to WHO data, 99 percent of the world's population breathes air that contains high levels of pollutants and exceeds WHO guideline limits, with low- and middle-income nations seeing the worst exposures. Briquetting machine helps in building briquetting blocks which are renewable source of energy. They lead to less pollution and hence their demand is expected to increase in the forecast period.
Further government initiatives to increase awareness among people to use more renewable sources of energy is expected to boost the demand for the briquetting machines. Based on the support given by the government, renewable energy in Malaysia has significantly improved. As a result, a number of policies have been put into place to assist the plans for implementing renewable energy (RE) for future generations. These laws include the Sustainable Energy Development Authority Act of 2011, the Renewable Energy Act of 2011, and the Malaysian National Renewable Energy Policy. In recent times, Malaysia is furthering its efforts towards sustainable energy consumption. In January 2022, Malaysia along with Europe, the US, and Australia is a key member nation in the 26th UN Climate Change Conference of the Parties (COP26) which aims to restrict temperature rise, a critical step towards sustainable energy consumption.
For more information in the analysis of this report, visit: https://www.researchnester.com/reports/briquetting-machine-market/4067

Global Briquetting Machine Market: Regional Overview
The global briquetting machine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa region. 

Adoption of Renewable Source of Energy to Drive Growth in the Asia Pacific Region
The briquetting machine market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period backed by increasing adoption of renewable source of energy. According to a recent study funded by Ministry of New and Renewable (MNRE), India currently has access to around 750 million metric tonnes of biomass annually. Also government initiatives in this region is further expected to boost the market growth. ASEAN governments have laid out an aspirational five-year sustainability strategy under the second phase of the ASEAN Plan of Action for Energy Cooperation (APAEC) 2021-2025 to boost renewable energy capacity and revitalise pandemic-hit economies. As a result, the energy ministers of the ASEAN nations decided to set a goal for the region's primary energy supply of over 22% renewable energy by 2025 and more than 34% installed capacity for the ASEAN.

Increasing Awareness and Investment in Waste Management Projects to Favour Growth in North America Region
Furthermore, the North America region is anticipated to gain the largest share in the global briquetting machine market over the forecast period owing to the increasing awareness and investment in waste management projects. In 2019, the North American waste management market was estimated to be worth approximate 20o billion dollars. According to projections, the market would grow to approximately 240 billion US dollars by 2027.
Get a Sample PDF of Briquetting Machine Market Report@ https://www.researchnester.com/sample-request-4067

The study further incorporates Y-O-Y growth, demand & supply and forecast future opportunity in: 

  • North America (U.S., Canada) 
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe) 
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) 
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) 
  • Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). 

Global Briquetting Machine Market, Segmentation by Type

  • Hydraulic Type
  • Roller Type
  • Piston Type

The roller segment is anticipated to hold the largest share in the market over the forecast period. Briquetting rollers are expected takes comparatively less time. Also they consume less energy, and have very compact structure along with convenient maintenance. Owing to the increasing industrialization the market is further expected to grow. Global industrial production in March 2022 increased by approximately 5 percent as compared to the same month the previous year, with the United States excluded.
For more insights on the market share of various regions: https://www.researchnester.com/sample-request-4067

Global Briquetting Machine Market, Segmentation by Automation

  • Automatic
  • Semi-Automatic
  • Manual

Production line which includes cleaning of raw material, drying, cooling, and more, if made automatic, reduces time and energy. 1.2 to 1.5 tonnes of briquettes may be produced each hour with a reduction in the number of workers from the original 10 to 2–3, increasing output while reducing the input of labour and materials. Hence the demand for automatic briquetting machine is expected to increase. Further urgent need for briquetting blocks owing to the increasing pollution is expected to boost the market. This briquetting blocks are extensively used for household purpose backed by increasing household pollution. In 2020, it was anticipated that household air pollution caused 3.2 million fatalities annually, including approximately 237 000 deaths of children under the age of 5.

Few of the well-known market leaders in the global briquetting machine market that are profiled by Research Nester include, CF Nielson A.S, RUF US, Inc., Santec Exim Private Limited, WEIMA Maschinenbau GmbH, Jay Khodiyar Machine Tools, Maxton Industrial Co., Ltd., Yuken Europe Ltd., GURU KIRPA Engineering Works, Zhengzhou E.P Machinery Co., Ltd., GEMCO Energy Machinery Co., Ltd, and other key market players.

Do You Have Any Query Or Specific Requirement? Ask to Our Expert: https://www.researchnester.com/ask-the-analyst/rep-id-4067

Recent Developments in the Global Briquetting Machine Market

  • In November, 2022, the Kiriko Automatic Shavings Compactor, a new briquetting machine, will be on display by Yuken, Europe's leading hydraulics company, at the MACH exhibition in 2022.
  • In October, 2019, in order to display the machinery for sale, GEMCO, a pioneer in China's biomass machinery manufacturing business, is participating in the 2019 Canton fair.


Explore Our Recent Related Reports:

Electric Snow Shovel Market Segmentation By Connection (Corded and Cordless); By End-User (Domestic and Commercial); By Engine (Amp≤7, 7<Amp≤12 and Amp>12); and By Distribution Channel (Online and Offline) – Global Demand Analysis & Opportunity Outlook 2028
Automatic Feeding Machines Market Segmentation By Application (Poultry, Pet, Pork, Ruminants, Aquarium and Others); By Feeding Equipment (Vibratory Feeder Bowls, Centrifugal Feeders, Linear Conveyor Systems, Hopper Systems, Step Feeders, Peripherals and Others) and By Function (Mixers, Controllers, Conveyors, Distributors and Filling) - Global Demand Analysis & Opportunity Outlook 2028
Heavy Duty Storage Rack Market Segmentation By Application (Automobile Industry, Chemical Industry, Textile Industry, Electronics & Parts Manufacturing Industry, Printing Industry, Machinery Manufacturing Industry, and Departmental Store Warehouses); By Capacity (2000 lbs. or less, 2000 lbs. to 3000 lbs., and 3000 lbs. & more) – Global Demand Analysis & Opportunity Outlook 2028
BLDC Fan Market Segmentation By Rotor Type (Inner and Outer); By Fan Speed (<550 RPM, 551 – 3000 RPM, 3001 – 10000 RPM and >10000 RPM); By End User (Domestic and Commercial) – Global Demand Analysis & Opportunity Outlook 2028
Metal Enclosed Harmonic Filter Market Segmentation By Type (Active, Passive and Hybrid Filter); By Phase (Three Phase and Single Phase); By Voltage Level (Low, Medium and High Voltage); By Application (Light Dimmers, Variable Speed Motor Drives, Fluorescent Lamps, Power Converters and Other Applications) and By End User (Industrial, Commercial and Residential) - Global Industry Demand Analysis and Opportunity Assessment 2019-2028


About Research Nester

Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

Contact for more Info:
AJ Daniel
Email: info@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919

For More Update Follow: - LinkedIn | Twitter | Facebook | Xing