Albany, NY -- (SBWire) -- 10/04/2018 --The global economic recession of 2008-09 resulted in a significant decline in demand for resource circulation equipment. However, an upturn in end user markets since 2010 has enabled the global resource circulation equipment market to witness a steady rise in demand, states Transparency Market Research in its latest report. Titled "Resource Circulation Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 – 2019", the report indicates that developing at a steady CAGR of 7.50% from 2013 to 2019, the global resource circulation equipment market is estimated to grow from a value of US$10.7 bn in 2012 to US$17.6 bn by 2019.

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The report identifies the key factors driving and restraining the resource circulation equipment market. Significant growth in construction and industrial waste, government incentives and funding, shrinking available area for landfill, upcoming recycling facilities, and escalating need for solutions to reduce the industrial carbon footprint have all contributed towards the development of the resource circulation equipment market. In contrast, high initial investment cost and high market prices of recycled products threaten to hamper the growth of the resource circulation equipment market.

On the basis of application, the resource circulation equipment market is segmented into construction, paper, metal, agriculture, automotive, electrical and electronics, plastic and polymer, oil and gas, medical, and others. Accounting for a share of more than 20.0% in 2012, the electrical and electronics segment dominated the resource circulation equipment market in terms of revenue. This segment is driven by the growing trend of recycling in the electrical and electronics industry.

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