According to a new research report published by Transparency Market Research (TMR), the global resource circulation equipment market had reached a market value of US$10.70 billion in 2012. It is expected that this market will attain a value of US$17.65 billion by the end of 2019, increasing at a compound annual growth rate of 7.5% between 2013 and 2019.The research report is prepared after extensive study of the resource circulation equipment industry, offering both quantitative and qualitative analyses of this market. It provides an in-depth analysis of the market on the basis of the past performance, current condition, and future prospects of the resource circulation equipment industry across the globe. It is titled “Resource Circulation Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 – 2019”.

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The global resource circulation equipment industry is evaluated on the basis of applications and the regional distribution of the market. Based on applications, construction, automotive, electrical and electronic equipment, polymer and plastic, paper, oil and gas, metal, and others such as agriculture and medical equipment are the major segments of the resource circulation equipment industry.Electrical and electronic equipment employed in construction recycling, holding more than 20% of the total market, held the biggest share of the overall revenue generated by the global resource circulation equipment industry in 2012. The emerging trend of recycling in the electrical and electronic equipment industry has continued to be the main driving factor for the global resource circulation equipment industry.

The inclination towards resource circulation equipment is expected to grow from medium to high in the near future owing to a shortage of landfill sites and rising awareness about extracting energy from waste product. However, the global resource circulation equipment market requires considerable capital investment. Operational and maintenance costs are also a part of this cost structure, apart from the capital cost. At present, only enterprises with large manufacturing capacities and powerful financial conditions can afford producing resource circulation equipment.

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North America and Europe are the two major regional markets for resource circulation equipment, as these markets are home to strict environmental regulations. North America held the biggest market for the global resource circulation equipment industry, with a share of around 39% in the total revenue garnered by the entire market in 2012. The North American resource circulation equipment industry is characterized by developing electronic and industrial waste in the region and stern government regulations. In Asia Pacific, recycling activities have increased because of rising environmental demands.

The resource circulation equipment industry experienced a significant decline in demand owing to the global economic recession around 2008-09. However, the resource circulation equipment market is showing a steady rise in demand since 2010 owing to an upturn in end-user markets following the restoration of the global economy.

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