The High Pressure Grinding Roller (HPGR) market is expected to reach USD 387.3 million by 2022, according to a new report by Grand View Research, Inc. Increasing mining industry and need for energy efficient solutions worldwide is expected to contribute to revenue growth. According to Coalition for Eco-Efficient Comminution (CEEC), crushing and grinding consumes around 53% of the total energy used by mining sites, which accounts over 10% of overall mining cost. Additionally, mining sites are also shifting towards remote areas as accessible ore reservoirs are almost exhausted. These remote areas have limited access to energy, infrastructure and labor, thus increasing the need for efficient comminution solutions. Rising energy cost worldwide is also compelling companies to lower their consumption level to cut costs.
http://www.grandviewresearch.com/industry-analysis/high-pressure-grinding-roller-market
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