Cement plant equipment market to reach US$ 9 billion by 2022
Published by Robyn Wainwright,
Assistant Editor
World Cement,
CW Research has reported that the market for cement plant equipment is due to rise to US$ 9 billion by 2020. Upgrades to cement plants will become a dominant part of this growth. Equipment relating to cement plant upgrades will represent 40% of cement manufacturing equipment capital spend by 2020, compared to only a quarter in 2017.
This growth involved the cement industry’s ever-expanding focus on automation, control, environmental issues, and testing throughout the production processes to deliver higher efficiency and performance.
“Decision making for cement manufacturers is becoming more and more complex as players aim at achieving higher efficiency and reducing operating costs,” said Robert Madeira, CW Group Managing Director and Head of Research. “As a result, more technology-intensive functions such as automation, control and testing are becoming more prominent, and representing an ever-growing share of the cement plant equipment spend mix.”
Read the article online at: https://www.worldcement.com/special-reports/15012018/cement-plant-equipment-market-to-reach-usd-9-billion-by-2022/
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