Press release
Investing In Smart Mining Technology - The New Path To Savings with Key To Modernizing The Mining Industry
Smart mining has become imperative for mining companies to optimize production and improve bottom line. Smart mining has enabled mining companies to optimize production and increase efficiencies by up to 40%, thus justifying the price spent on smart mining technologies. Services such predictive analytics achieve cost savings up to seven times than reactive analytics, ensuring enhanced safety and production. Automation technologies have been successfully implemented, and are expected to justify their cost as the technology improves. Smart mining technologies will certainly open different avenues for mining companies to increase their profitability, thus becoming an affordable solution against volatile global economic conditions.
Increased focus on safety & health, rapid adoption of IoT (internet of things) solutions, and rise in adoption of autonomous equipment drive the market growth. However, dearth of highly skilled and qualified labor, availability of poor infrastructure, and stringent government regulations concerning air, water, and environment restrict the market growth. Nonetheless, plant automation, enhancement in digital mining concepts and investment in rich mining infrastructure are expected to boost the growth of the market.
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The market has been segmented on the basis of automated equipment, hardware component, software solution, services, and geography. Based on automated equipment, the market has been segmented into excavators, load haul dump, drillers & breakers, robotic truck, and other automated equipment. The automated excavators segment held the largest share of around 30% of the smart mining market in 2016. In terms of hardware component, the market has been segmented into sensors, RFID tags, intelligent systems, and others. Intelligent electronic systems for smart mining accounted for the largest share of the smart mining market in 2016. Automated Excavators to Lead with Largest Share in Global Market
Industry Top Player’s
This report studies Smart Mining in Global market, especially in North America, Europe, China, Japan, Korea and Taiwan, focuses on top manufacturers in global market, with Production, price, revenue and market share for each manufacturer, covering
• Intergraph
• SUNWARD INTELLIGENT EQUIPMENT CO.,LTD.
• Elcomplus
• Becker
• Freeport McMoRan Mine Technology Group
• CAT
Regional Analysis
Market Segment by Regions, this report splits Global into several key Region, with production, consumption, revenue, market share and growth rate of Smart Mining in these regions, from 2011 to 2021 (forecast), like
• North America
• China
• Europe
• Japan
• Taiwan
• Korea
For More Information @ https://www.futuregenicreports.com/Reports/Smart-Mining-Market
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