Global Scrap Metal Shredder Market - Trends and Forecasts by Technavio

Technavio has announced the release of their 'Global Scrap Metal Shredder Market 2017-2021' report. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest report on the global scrap metal shredder market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Gaurav Mohindru, a lead analyst from Technavio, specializing in research on the unit operations sector, says, “Industrial shredder machines play an integral role in the scrap processing industry. Therefore, the demand for these machines will be significantly impacted by the health and dynamics of the overall scrap recycling industry.”

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The top three emerging trends driving the global scrap metal shredder market according to Technavio heavy industry research analysts are:

Growing sales of EVs

Over the past few years, the interest in electric vehicles (EVs) has increased in the US automotive sector. This is because manufacturers are introducing new EVs with advanced technology. The country is proposing to be the global leader in next-generation vehicle technologies.

With the support of financial incentives and R&D from the government, the country believes in reducing its dependence on petroleum products for transportation. Therefore, the future for EVs seems to be optimistic,” according to Gaurav.

Evolution of waste management techniques to suit low-grade ores

The spate of mining operations over the past decade has indicated that ore grades of most mineral commodities are declining. These low-grade ores have relatively low proportions of extractable minerals and metals to waste rock. This results in the requirement for high water and energy consumption.

Advances in technology and processes can mitigate the increase in water use and wastewater discharge. This is done by establishing advanced water recycling technologies. High potential to implement modern technologies is expected to gain popularity in the coming years.

Stringent nuclear reactor regulations post-Fukushima accident

Governments and utilities have always been vigilant regarding the safety of nuclear operations, owing to the sensitive nature of nuclear energy. However, the Fukushima incident in Japan was more of a natural calamity-related accident than a man-made one. The tsunami that ensued after the severe earthquake destabilized the core of the reactor, resulting in the leak of nuclear material into the atmosphere.

Governments worldwide reviewed their nuclear power generation-related regulations to ensure the safety of reactors. In some countries, such as Japan and Germany, the period of regular checks of reactors was decreased to take timely action. Countries came up with updated regulations to enforce better safety standards on reactors.

The key vendors are as follows:

  • Metso
  • SSI Shredding Systems
  • UNTHA
  • WEIMA

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio has announced the release of their Global Scrap Metal Shredder Market 2017-2021 report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com