Rockville, MD -- (SBWire) -- 04/24/2018 --The global market discussion on Bucket Elevators can be found in an upcoming report titled "Bucket Elevators Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028", which is going to be published in the wide database of Fact.MR.
Bucket elevators are one of the most effective solution to move essential materials or components in certain applications. Also known as grain leg, construction of bucket elevator mainly includes bucket, a belt, and accessories for pickup material, among others. It vertically conveys bulk material, wherein materials move using bucket attached to a rotating bucket or chain. Exceptional characteristics of the elevator includes relatively high tensile strength & fatigue resistance, huge transporting capacity, and better speed operation, easily connecting-disconnecting, reduced chain elongation and superior wear resistance, many more. Various kinds of light, heavy and abrasive materials can be transferred by using bucket elevator.
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There are three main type of bucket elevators available in the market – centrifugal, continuous and positive discharge elevator. In centrifugal discharge elevator, buckets discharge product by using centrifugal force, which is mainly applied in agricultural applications. Continuous discharge elevator is applied for the sluggish product while the positive discharge elevator is used usually for food grade applications. Moreover, bucket elevators have wide application portfolio across various industries, such as building & construction, metallurgy, pharmaceutical, food and agricultural, glass, chemical ceramic and many more.
Bucket Elevators Market: Dynamics
Rising industrialization across emerging countries mainly drive the global bucket elevators market. The increasing demand from the agricultural, chemical and the mining industries, along with growing output growth from the same has been contributing to the growth of the bucket elevators market and is anticipated to continue influence throughout the forecast period. The equipment are relatively smaller in size and chain travels faster (more than 80 m/min), often proving to be significantly effective in solution providing.
At the time of operation, if bucket elevator chain breaks, the quick reinstallation is difficult and required relatively more time to remove broken chain along with higher repair cost, which is one of the key challenges faced by end-users.
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Bucket Elevators Market: Regional Outlook
Based on regions, the global bucket elevator market is segmented into seven key regions. North America is expected to hold significant position in the global market owing to demand for high efficiency systems from across various industries. Western Europe is expected to provide sustainable growth opportunities while Asia Pacific is tipped to be high growth market over the forecast period. Due to rapid industrialization and rising population, China, and India are estimated to rapidly expand their share in global bucket elevator market by the end of 2028. New construction and installation of Greenfield plants/ operations in the Middle East region, i.e. in places such as Saudi Arabia, Jeddah, Dubai and many other may positively impact the market in the MEA region. The rising economy and penetration of new technologies are anticipated to facilitate the bucket elevator market growth over the forecast period globally.
Bucket Elevators Market: Key Players
The global bucket elevators market can be identified by participation of large number of small-medium scale players, contributing to significant share to their respective regional markets. Some of the participants identified across the value chain of global bucket elevators market are Sukup Manufacturing Co., KWS Manufacturing Company, Ltd., Mahindra Tsubaki Conveyor Systems, Mark & Wedell, Chaoyang Heavy Machinery Manufacturing Co., Satake Corporation, Beumer Group, FEECO International, Motridal, NERAK systems, FLENDER AG, and others.
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Global Bucket Elevators Market Forecast, Trend Analysis & Competition Assessment Till 2028