Rockville, MD -- (SBWire) -- 07/24/2018 --Screening Equipment Market: Introduction

Screening equipment form a part of bulk material handling equipment family primarily utilized for the purpose of separating and segregating granulated materials based on grit sizes in order to achieve uniformity. Screening equipment employ a simple principle of agitating bulk material through sieves with predefined sizes. Screening equipment can be adopted as a stand-alone equipment for separation requirements or can be paired with crushing equipment to create a seamless system. These integrated systems are adopted in wide range of applications and cost of operation for these systems are lower when compared to utilizing stand-alone screening equipment. With high demand for screening equipment from end users especially in the bulk material handling process, the market is expected to generate ample sales revenue in the forthcoming years.

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Screening Equipment Market: Dynamics

Screening equipment are large mechanical devices that requires large capital to own and run the equipment. Hence, it becomes imperative that the performance of the end use industry be on a growing scale so as to generate demand for the equipment. Diminishing performance in the end use industry can implement a direct impact on the growth prospects of the screening equipment. Nevertheless, there are some driving factors in the current market scenario that can reflect a healthy growth for the screening equipment market with the most important being growth of mining industry, agriculture and in particular a boom in construction industry. Growth in working class population couple with migration to urban areas has prompted increase in construction project, this factor can aid in generating demand for the screening equipment in the forecast period.

There are a couple of factors which can affect the growth of screening equipment market negatively including high capital requirement, lack of well-knit supply chain, production lead times leading to delays in deliveries among others. Other factors with low level of impact in the market are requirement of skilled personnel for its operation and lengthy maintenance times the equipment calls for affecting processes it is integrated with.

Screening Equipment Market: Segmentation

The Screening Equipment market can be segmented by platform, lifting capacity and end use industry.

By type, the Screening Equipment market can be segmented as:

Wet Screening Equipment
Dry Screening Equipment
By product type, the Screening Equipment market can be segmented as:

Screen Panels
Trommel Screens
Gyratory Equipment
Vibratory Equipment
Others
By end use industry, the Screening Equipment market can be segmented as:

Oil & Gas
Construction
Industrial
Mining
Agriculture
Others
Screening Equipment Market: Regional Outlook

Screening equipment market is anticipated for positive revenue returns in the forecast period from the perspective of North America owing to developments witnessed in various end use industries including infrastructure construction, mining, and agriculture among others. The market in Europe is also expected to foresee a healthy growth in the screening equipment market in response to its demand in the mining industry that has gained traction in the Scandinavian and Russian economies. When it comes to Asia Pacific, the market is expected for an upward growth in the foreseeable future with higher focus on Chinese and Indian economies due to construction industry registering positive improvements from the past couple of years which can be beneficial in generating high demand for screening equipment. In addition to that, the screening equipment market in Australia is also expected to gain traction in the upcoming years owing to the thriving mining industry, which incidentally contributes significant share in the country's GDP. Last but not the least, the market for screening equipment in the Middle East & Africa is expected to register high growth rates in response to booming construction industry in major economies of the region.

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Screening Equipment Market: Key Participants

Below are some of the participants involved in the manufacture and building of the global Screening Equipment:

Terex Corporation
The Weir Group PLC
Sandvik AB
NAWA Engineers & Consultants (P) Ltd.
Fredrik Mogensen AB
Vulcan Industries Inc.
Haver Niagara GmbH
Hillenbrand Inc. (Rotex)
Derrick Corporation
SMICO Manufacturing Inc.