Belt Feeders Market: Introduction
Belt feeder is a type of feeder which is generally used to provide a well-ordered volumetric flow of bulk materials from the storage units. Belts feeders are generally recommended for handling granular materials and not for very hard and tough bulk materials. Based on the needs of process and materials, belt feeders are available in a variety of capabilities and sizes in the market. Additionally, belt feeders can perform several functions such as bulk material weighing, belt speed measurement, auto centering, alarm signaling for failures, belt speed frequency control, continuous material flow control, etc. Belt feeders are used in various industries including mining, food processing, agricultural, quarrying, construction, etc. Among this, there is a significant demand for belt feeders in the growing mining industries.
Belt Feeders Market: Market Dynamics
Substantial thermal power generation across the globe along with ever increasing demand for power, these belt feeders are anticipated to find extensive usage for coal handling purpose in thermal power plants. Over the years, thermal power production has undergone significant expansion especially in developing countries and subsequently, surged the demand for coal handling. Therefore, in the forthcoming period of time, the demand belt feeders will likely to grow moderately. Further, the robust outlook for belt feeders is foreseen against the backdrop of recovery in commodity prices and economic growth. Additionally, belt feeders can incorporate a number of different conveyor, discharge track, and v-track which can be integrated with process metering, inspection sortation systems, and automated process loading devices. That apart, increasing automation coupled with high labor cost is anticipated to drive the growth of the belt feeders market over the forecast period.
Fluctuation in prices of raw materials for belt feeders is anticipated to act as a major factor restraining the growth of the belt feeders market over the forecast period. Moreover, high initial cost of belt feeders is also expected to hamper the growth of the market.
A significant trend anticipated five years down the line includes market players of belt feeders are focusing on customization of belt feeders based on customer needs, as the market is highly fragmented owing to the presence of several global as well as regional players. This will help them to escalate the competition.
Belt Feeders Market: Segmentation
The global belt feeders market can be segmented on the basis of orientation, drive type, and application.
On the basis of orientation, the global belt feeders market can be segmented as:
On the basis of drive type, the global belt feeders market can be segmented as:
On the basis of application, the global belt feeders market can be segmented as:
Belt Feeders Market: Regional Outlook
The global belt feeders market is directly reliant on the demand from end-use industry across geographies. Over the forecast period, there has been a noteworthy growth in demand for the belt feeders, especially in the Asia Pacific. The Asia Pacific is anticipated to account considerable share of the global belt feeders market owing to significant economic development in the emerging economies such as China and India. Europe is expected to grow at a substantial CAGR during the forecast period, owing to increasing investments in the region mainly Eastern Europe for the expansion of the mining sector. Russia has been a key focus of investors as the country has vast reserves for the extraction of several kinds of metals and non-metals. The market in Latin America is projected to grow at a significant CAGR over the forecast period owing to increasing mineral extraction activities in the region.
Belt Feeders Market: Market Participants
Examples of some of the key players identified across the value chain of global belt feeders market are:
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Regional analysis includes:
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