According to Publisher, the Global Mining Automation Market is accounted for $2.24 million in 2017 and expected to grow at a CAGR of 7.2% to reach $4.20 million by 2026. Factors such as the increasing need for worker safety, the increasing requirement enhancement in mining productivity, and the fall in operating expenses are driving the market growth.
Mining automation refers to highly efficient autonomous equipment installation that enhances productivity and improves safety which protects workers from the issues related to hazardous mining process. It automates the mining process for both surface and underground mining operation.
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Companies Covered in this Report are:
Autonomous Solutions Inc.
By mining technique, the market for underground mining technique is driving due to the major minerals found under the earth’s surface, which are explored, collected, and later on processed. As working in underground mines is considered hazardous, the need for advanced automated mining equipment is more for underground mining techniques. To safeguard mine workers, automated systems have been deployed at a huge rate in underground mines, which enables the market growth at a substantial rate.
By Type, software and information technology can help mining organizations by building in efficiencies to improve productivity, improve profits and drop the costs by providing technologies and applications to equip organizations with the intelligence to improve processes.
Based on geography, Asia pacific has huge natural reserves spread among the countries throughout the region. It is expected to become one of the largest markets for mining equipment and execution of mining automation technologies. The reason for this trend is the improved use of automated mining equipment by top exploration and mining companies such as Rio Tinto, FMG Group, and BHP Billiton. Moreover, the increasing digitization of mines and globalization of economies have attracted significant investments from the mining companies all over the world.
-Underground Mining Technique
-Surface Mining Technique
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
-Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
-Market share assessments for the regional and country level segments
-Market share analysis of the top industry players
-Strategic recommendations for the new entrants
-Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
-Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
-Strategic recommendations in key business segments based on the market estimations
-Competitive landscaping mapping the key common trends
-Company profiling with detailed strategies, financials, and recent developments
-Supply chain trends mapping the latest technological advancements
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Table of Contents:
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Emerging Markets
3.7 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
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