The mining automation market is gradually gaining recognition due to growing government support to accelerate its post-pandemic strategies, Key Players – Caterpillar, Inc., Trimble Inc., Symboticware Inc.
Mine automation refers to the installation of highly efficient autonomous equipment that improves productivity and safety.
Summary of the report:
Global Mining Automation Market, By Product Type (Equipment (Pumping Stations, Autonomous Haul Truck, Smart Ventilation System, Tunneling Equipment, Underground LHD Loader, and Autonomous Drilling Rig), Software (Proximity Sensing System and collision avoidance, labor management, fleet management, data management, air quality and temperature monitoring system, and remote operation and monitoring) and communication systems (radio frequency identification (RFID), wireless mesh networks and navigation system)), by technology (underground mining technique and surface mining technique), By work stream (mine maintenance, development mine and mining process) and by region (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa),
Automating mining can help keep the workforce safe. The use of this technology involves several risks. One is lack of experience with automated systems. The second is the high cost of installation. However, the rewards are worth the risk. Ultimately, automation in mining will increase worker productivity and efficiency. The lack of workers in mining operations means there is a high demand for highly skilled employees. Therefore, mining automation is an excellent solution to this problem. Because it allows more machines to be used by fewer people, it can improve safety and increase productivity. Finally, automating mining can reduce costs, increase capacity and improve efficiency. Using automation in mining has many benefits, including reducing the risk of human error and improving worker safety.
Major companies contributing to the global mining automation market include Hitachi, Ltd., Hexagon AB, Atlas Copco, Sandvik, Komatsu Ltd., Caterpillar, Inc., Trimble Inc., Symboticware Inc., MST Global, Fluidmesh Networks LLC, Autonomous Solutions Inc. and RPMGlobal Holdings Limited.
Get PDF Research Report Brochure – https://www.coherentmarketinsights.com/insight/request-pdf/1345
Rapid automation in the mining sector to improve productivity and reduce time and labor costs is expected to drive the growth of the mining automation market throughout the forecast period.
In addition to this, the imposition of favorable labor safety laws by several governments to ensure the safety of workers at mining sites is expected to complement the growth of the mining automation market over the forecast period.
Geographically, the report examines the production, consumption, revenue, market share, growth rate and forecast for the following regions:
North America (US, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
Summary of the COVID-19 debacle:
Since the start of the pandemic, activities in the global mining automation market have collapsed during the second and third quarters of 2020. The crisis-induced pause in mining activities has reduced the adoption of automated systems in the entire mining sector. On the contrary, as the containment measures are lifted, the market returns to its pre-pandemic rhythm.
Some of the important questions answered by this report include:
Who are the top five mining automation market players?
What will the mining automation market look like in the coming years?
Which products and applications will dominate the mining automation market?
What are the drivers and restraints of the mining automation market?
Which regional market will represent the strongest growth?
What will be the CAGR and market size of the Mining Automation market during the forecast period?
What is the current market size, what will it be in 2029, and what will the growth rate be?
What are the constraints to market growth?
What market opportunities and risks do key companies face?
Who are the main competitors and what is their strategic approach?
What are the market entry challenges for new players?
Get a sample copy of the report at – https://www.coherentmarketinsights.com/insight/request-sample/1345
Detailed TOC of Mining Automation Market Forecast Report:
1 Mining Automation Market Overview
1.1 Product Overview and Market Scope of Mining Automation
1.2 Segment by Type
1.3 Global Segment by Application
1.4 Global Market, by Region (2017-2022)
1.5 Global Market Size of Mining Automation Market (2017-2029)
2 Global Mining Automation Market Landscape by Player
2.1 Global Mining Automation Sales and Market Share by Player (2017-2022)
2.2 Global Revenue and Market Share by Player (2017-2022)
2.3 Global Average Price per Player (2017-2022)
2.4 Global Gross Margin by Player (2017-2022)
2.5 Manufacturing Base Distribution, Sales Area and Product Type by Player
2.6 Market Competitive Situation and Trends
3 Upstream and Downstream Analysis of Mining Automation Market
3.1 Industry Chain Analysis
3.2 Major Raw Materials Suppliers and Price Analysis
3.3 Supply and Demand Analysis of Key Raw Materials
3.4 Manufacturing Process Analysis
3.5 Commodity Market Concentration Rate
3.6 Downstream buyers
3.7 Value chain status under COVID-19
4 Manufacturing Cost Analysis of Mining Automation Market
4.1 Manufacturing Cost Structure Analysis
4.2 Mining Automation Market Key Raw Materials Cost Analysis
4.3 Labor Cost Analysis
4.4 Energy Cost Analysis
4.5 RandD cost analysis
Market segmentation :
On the basis of product type, the global mining automation market is segmented into:
Smart ventilation system
Autonomous transport truck
Autonomous drilling rig
LHD underground loader
Proximity Sensing and Collision Avoidance System
Remote operation and monitoring
Air quality and temperature monitoring system
Wireless mesh networks
Radio Frequency Identification (RFID)
On the basis of technology, the global mining automation market is segmented into:
Surface mining technique
Underground mining technique
On the basis of workflow, the global mining automation market is segmented into:
Key points to remember:
The mining automation market is expected to grow at a CAGR of XX% over the forecast period owing to the growing involvement of governments combined with the growing number of active mining projects. For example, in February 2022, Sandvik Mining and Rock Solutions was awarded the Jansen potash project in Canada by BHP to develop underground mining machinery and automation solutions.
Asia-Pacific is well placed in the group of regions to reign supreme in the global mining automation market, due to rapid adoption of advanced mining equipment and increase in FDI (foreign direct investment ).
In second place, the European region is seen as a future ace in the global mining automation market due to increased initial investment in mining, capacity expansions and rising domestic consumption.
Buy This AtFlat Report $2000 Off – https://www.coherentmarketinsights.com/promo/buynow/1345
Thank you for taking the time to read the research report. Please inform us for more information about custom report and customization plan, and we will provide you with the most suitable custom report.
Coherent Market Insights is global market intelligenceand a consulting organization, focused on helping our plethora of clients achieve transformational growth by helping them make critical business decisions. Our head office is in India, we have offices in the world’s financial capital in the USA and sales advisers in the UK and Japan. Our client base includes players from various industries in more than 32 countries around the world. We are uniquely positioned to help businesses around the world achieve practical and lasting results through a variety of recommendations on operational improvements, technologies, emerging market trends and new ways of working. We are proud to serve clients across the length and breadth of the horizon, from Fortune 500 companies, to non-profits and start-ups looking to establish a foothold in the market. We meticulously study emerging trends in various industries globally and regionally to identify new opportunities for our clientele.
Mr Shah USA +12067016702 / UK +4402081334027 / JAPAN: +81-50-5539-1737