In this report, Technavio highlights the application of variable frequency drives (VFDs) in secondary grinding as one of the key emerging trends in the global ball mill market. Conventionally, VFDs were only adopted in semi-autogenous (SAG) mills. Nowadays, they are increasingly being applied to secondary grinding as well. The advent of VFDs to ball mills allows mill designers to adjust the process to local conditions, helping them in improving the comminution circuit. The growing trend of application of VFDs in ball mills will help in enhancing the grinding operation and provide increased flexibility. In the long run, this will have a positive impact on the global ball mill market.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the low interest rates intensifying construction projects as a key factor contributing to the growth of the global ball mill market:
Low interest rates intensifying construction projects
In several economies, low interest rates drive apartment construction projects. However, there are chances of the global construction market having numerous projects that will lead to less tender competition and will increase the tender price. This can result in construction cost inflation. The construction cycle of an apartment is very short. This is posing a threat to the apartment construction sector. However, by 2016, other sectors such as the manufacturing sector consisted of many opportunities that grew at an exponential rate.
Along with the rising commodity prices, investments in the infrastructure sector will increase in many regions. This, in turn, will help in the growth of the mining industry. Additionally, with the growth in the technology sector, the demand for data centers is increasing.
According to a senior analyst at Technavio for unit operations, “Although the apartment sector is expected to record reduced sales, the demand for apartments is expected to rise in 2018 when compared with the situation in 2016. This shows that the construction industry has an opportunity for growth. This, in turn, will drive the demand for cement, thereby, increasing the need for ball mills.”
Looking for more information on this market? Request a free sample report
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.
Global ball mill market segmentation
This market research report segments the global ball mill market into the following products (common ball mills and planetary ball mills) and key regions (the Americas, APAC, and EMEA).
Of the two major products, the common ball mills segment held the largest market share in 2017, accounting for nearly 78% of the market. The market share for this product is expected to decrease by 2022. The fastest growing product is planetary ball mills, which will account for nearly 22% of the total market share by 2022.
APAC was the leading region for the global ball mill market in 2017, accounting for a market share of nearly 52%. By 2022, APAC is expected to witness the highest growth rate in the market.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.
If you are interested in more information, please contact our media team at email@example.com.