Growth Drivers
About 4.4 billion individuals; or 56% of the globe's population, reside in urban regions. By 2050, roughly 7 out of 10 people would live in cities, with the urban population anticipated to more than double from its current level. Hence with the growing urbanization, the need to construct more infrastructure is also on the surge. The construction industry makes use of this trammel screen for segregating construction waste along with gravel and sand.
Over the decades there has been made various advancements in trommel screens which include automated control, improvement in screening capabilities, and self-cleaning mechanism. Additionally, the recent deployment of IoT sensors and artificial intelligence owing to the surge in digitalization is also boosting. Hence, this has increased the productivity and functioning of the machines.
The quantity of concentrate of the desired mineral that may be recovered from the ore determines the profitability of a mine. Therefore, before goods are released onto the trommel screen market, mineral processing is created to generate the most mineral concentrate possible. Hence, the adoption of trommel screen is growing in this industry.
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
4.5% |
Base Year Market Size (2023) |
USD 2.09 Billion |
Forecast Year Market Size (2036) |
USD 3.7 Billion |
Regional Scope |
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Author Credits: Richa Gupta
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