Overview of the global refractory equipment market

Research analysis on the global refractory equipment market identifies that the rise in the number of smart cities will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will post a revenue of more than USD 500 million by 2021. The rapid rise in the number of smart cities around the world is primarily supported by investments from the private sector. Governments of different countries are partnering with numerous private investors for the development of the smart cities. Presently, EMEA has more number of smart cities and the number of smart cities in APAC will grow at a quicker rate during the forecast period. The increase in number of smart cities and the rising investments will propel the growth of the global cement industry. This in turn, will increase the demand for refractory materials and equipment such as refractory mixer machines in cement factories.

The integration of 3D laser technology into refractory equipment will be one of the major factors driving the growth of this market in the coming years. Refractory equipment fitted with 3D scanners allow precise pictures to be taken and enable better investigation of the lining for any defects, failures, or unequal thickness. Refractory lining must be perfect due to the involvement of high temperatures and increased costs. Moreover, the use of 3D laser technology lowers the turnaround time for projects and helps maintain good quality of inspections.

Competitive landscape and key vendors  

The refractory equipment market consists of many international and local players. The vendors in the market compete based on customer service, maintenance support, innovation, distribution, and prices. The international players offer various products that are specific for different purposes, such as grinding and mixing. The players in the refractory mixer machine market are concentrating on providing the best services and maintenance policies to customers and attract market shares. Additionally, they are also offering customized products for end-users.

The leading vendors in the market are ?

• EZG Manufacturing
• Hilman Rollers
• NAO
• Thermal Specialities
• WARE

The other prominent vendors in the market are Airplaco Equipment Company, BLASTCRETE EQUIPMENT COMPANY, Bricking Solutions, C&C Boiler Sales & Service, Davis Fabricators, Dewcon Instruments, Empire Refractory Sales, Han-Tek, HPC Manufacturing, MSE Supplies, Onex, REED, Refractories West, Refractory Anchors (RAI), RFI CONSTRUCTION PRODUCTS, Selas Heat Technology Company, and Walker Equipment Company.

Segmentation by product and analysis of the refractory equipment market

• Ring and roller mill
• Impact mill
• Air separator

During 2016, the ring and roller mill segment accounted for the major shares of the refractory equipment market. Advantages such as increased operational efficiency, lesser power consumption, and changeable features of ring and roller mill equipment, will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the refractory equipment market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the refractory equipment market throughout the forecast period. The growth in the oil refinery industry and the increasing number of smart cities, will drive the growth of the refractory mixer machine market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global refractory equipment market?
• What are the key market trends impacting the growth of the global refractory equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global refractory equipment market?
• What are the market opportunities and threats faced by the vendors in the global refractory equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global refractory equipment market?

Technavio also offers customization on reports based on specific client requirement.

A material that can withstand high temperatures of over 3000°C without degrading or softening is called refractory. Refractory materials include certain ceramics and superalloys, and are used in heat insulation of furnaces, jet and rocket engines, and parts of space vehicles such as the shuttle. Our market research reports for the heavy industry conduct a substantial data collection methodology and offer an analysis of quick-growing market segments like engineering tools. Additionally, our research practices help clients develop effective growth strategies and keep pace with the constantly changing market landscape by analyzing the market drivers, challenges and trends in the market. This market study also offers a complete analysis based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

This upcoming industry research report on the global refractory equipment market offers insights into the key trends and emerging drivers influencing the growth of the heavy industry. This upcoming market research report on the global refractory equipment market covers vendors like BLASTCRETE EQUIPMENT COMPANY, Walker Equipment Company, Sika Schweiz, and EZG Manufacturing. By considering the market forecast and size, surging demand for various engineering tools, the market research professionals at Technavio present a clear picture of the global refractory equipment market for the projected period of 2017 to 2021.

According to our market research experts, growing global infrastructural development and growing demand for process industries like cement and chemicals ensuring constant demand may influence the demand for refractory equipment in the coming years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global refractory equipment market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for global refractory equipment market also categorizes the key drivers, major trends, as well as the restraints that the engineering tools sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the heavy industry. Technavio also provides deep-dive market assessments into the sectors such as construction and tools and components.

Our market research methodology for the refractory equipment market

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