Smart Mining Market
View detail summary of this report : https://www.alliedmarketresearch.com/smart-mining-market
The global smart mining market is expected to garner $15,837 million by 2022, registering a CAGR of 14.9% during the period 2016-2022. Asia-Pacific region is expected to dominate the global market throughout the analysis period, registering the highest CAGR of 15.9% during the forecast period. Surface mining segment is expected to grow at the highest CAGR of 16% during the forecast period.
Factors such as increased focus on safety & health, rapid adoption of IoT solutions, and rise in adoption of autonomous equipment have boosted the overall market growth. However, dearth of highly skilled and qualified labor, availability of poor infrastructure, and stringent government regulations regarding air, water, and environment are the key restraining factors of the market.
Equipment manufacturer and software & service providers upgrade their equipment to improve the health and safety of workers. Therefore, renowned companies, such as Hexagon AB, and Komatsu Limited among others offer safety & security solutions, remote management software solutions, and other security solutions to improve productivity and achieve operational excellence. In addition, market players have focused on manufacturing mining products that do not affect landscape and vegetation.
Get Sample PDF Brochure at: https://www.alliedmarketresearch.com/request-sample/1596
Surface mining segment accounted for about 63% of the overall market revenue in 2014, which was more than that of the underground mining segment. Increase number of fatal accidents during surface mining has resulted in higher adoption of smart mining technologies in the mining industry. Smart mining requires strong infrastructure development, which is difficult for mining companies to implement due to the complexities involved in installation of these resources at underground mining sites. However, growing adoption of smart mining technologies in underground mining applications is expected to boost the market growth during the forecast period.
Top Key Players: ABB Group, Rockwell Automation, Inc., Komatsu Ltd., Trimble Navigation Limited, Alastri, Caterpillar, Inc., Hitachi Construction Machinery Co., Ltd., Joy Global, Inc., Cisco Systems, Inc., and Hexagon AB
Excavator segment generated the highest revenue in the automated equipment market in 2014, accounting for around 31% share of revenue. High adoption of GPS technology and collision avoidance systems in automated excavators have facilitated smoother mining activity and increase in overall productivity.
Hardware segment generated the highest revenue in the component market in 2014. It accounted for around 41% in 2014, owing to increase in demand of these components at digital mining sites. Remote management solution is projected to be the fastest growing segments in the software & solutions market registering a CAGR of 17.1% from 2016 to 2022. In addition, support & maintenance segment is expected to generate the highest revenue in 2014 as support and maintenance are essential services at mining sites.
Moreover, intense competition and technological advancements in the Chinese market has led to significant adoption of automated equipment at mining sites. Implementation of Law of the Peoples Republic of China on Safety in Mines mandates the installation of ventilation system in underground shafts, gas controls, and dust control system, and fire-extinguishing systems to ensure safety during mining.
Buy this Report at: https://www.alliedmarketresearch.com/checkout/698191
Automation in mining not only improves safety but also simplifies complex operations. Rio Tinto and BHP Billiton have established remote operation centers in Western Australia to improve worker productivity and achieve effective mine operations. In addition, the country focuses on establishing broadband networks to collect, monitor, and process data for process optimization. The network enables efficient use of resources, and facilitate efficient water and electricity usage for maintaining environmental and economic sustainability.
Asia-Pacific region generated the highest revenue in the global market, accounting for over 31% share in 2014. China witnessed tremendous growth in terms of adopting innovative technologies in the mining sector, followed by Australia, Japan, and South Korea. China is projected to grow at rapid rate registering a CAGR of 16.0% during the forecast period, owing to technology adoption and maintain ecological balance. In 2014, North America and Europe collectively accounted for about half of the total revenue of the smart mining market. Increasing use of cost-effective equipment in LAMEA region would create lucrative opportunities for the market. This region is expected to witness a notable growth, registering a CAGR of 15.3% during the forecast period.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Mining Market here
News-ID: 1162611 • Views: 656
More Releases from Allied Analytics LLP
Renewable Energy Market Will Grow Tremendously to Reach $1,512.3 Billion by 2025
Renewable energy market accounted for revenue of $928.0 Billion in 2017 and is anticipated to generate $1,512.3 Billion by 2025. The market is projected to grow at a CAGR of 6.1% from 2018 to 2025. Increasing aid from governmental institutions, coupled with favorable policies and regulations has played a pivotal role in renewable energy market growth. The global renewable energy market is expected to be heading toward expansion phase during the
Diesel Generator Market is Rapidly Growing to Surpass $37.1 billion by 2027
Global diesel generator market size was valued at $20.8 billion in 2019, and is projected to reach $37.1 billion by 2027, growing at a CAGR of 9.8% from 2020 to 2027. Diesel generator is the equipment used to generate electricity from the mechanical energy, which is obtained from combustion of diesel or biodiesel. Diesel generator is equipped with an internal combustion engine, electric generator, mechanical coupling, voltage regulator, and speed
Solar Energy Market Expected Massive Margin Growth of $223.3 billion at 20.5% CA …
Global solar energy market size was valued at $52.5 billion in 2018, and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026. Rise in demand for alternate energy sources and government incentives for rooftop installations of solar panels have boosted the growth of the global solar energy market. However, increase in governmental tariff plans and geographical footprint hamper the market.
Global Smart Energy Market to Garner $4.10 Billion by 2027, States AMR
Allied Market Research recently published a research report on the global smart energy market. The study shows that the global smart energy market was pegged at $1.68 billion in 2019, and is projected to reach $4.01 billion by 2027, growing at a CAGR of 15.1% from 2020 to 2027. The research provides detailed information regarding market dynamics, top investment pockets, major segments, and competitive scenarios for new market entrants, major
More Releases for AMR
Bathroom Mirror Cabinets Market CAGR to Grow at 5.6% | AMR
According to the report published by Allied Market Research, the global bathroom mirror cabinets market was estimated at $649.3 million in 2018 and is expected to hit at $995.9 million by 2026, registering a CAGR of 5.6% from 2019 to 2026. The report provides an all-inclusive analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. Download Sample Copy
AMR Forecasts Online Smartphone and Tablet Games Market by 2026
Online smartphone and tablet games is a platform offered by the service providers that enables one or more players to participate in the game through smartphone or tablet. Online games are available through all kinds of operating systems. Further, increase in network connectivity and the new innovation such as virtual reality in the game or play industry drive the market. Explore Full Summary: https://www.alliedmarketresearch.com/online-smartphone-and-tablet-games-market The online smartphone and tablet games market are
AMR Forecasts a Booming Cyber Security Market in Healthcare -Openpr
Healthcare industries globally have gone through rapid digitization. For instance, healthcare organizations focus on investing on enhanced patient monitoring solutions and healthcare information systems to improve patient care. Furthermore, drastic rise in the number of cyber-attacks and data breaches increases the need for enhanced data security solutions that are expected to ensure protection against hacking and unauthorized data access. Download a Sample copy of Report: https://www.alliedmarketresearch.com/request-sample/2268 The global market was valued at
Surgical Equipment Market to Reach $15,737.1 Million by 2023 | AMR
According to a new report published by Allied Market Research, titled, Surgical Equipment Market by Product, Category, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global surgical equipment market valued at $9,783.8 million in 2016, and is estimated to reach $15,737.1 million by 2023, at a CAGR of 7.0% during the forecast period. The surgical sutures & staplers segment accounted for two-fifths of the total market share in
Global AMR Smart Water Management Market Research Report 2017
Qyresearchreports include new market research report "Global AMR Smart Water Management Market Research Report 2017" to its huge collection of research reports. This study on the global AMR Smart Water Management market is conducted with supreme assiduousness and comprehensiveness through commercial, market-oriented, and technical research. The results about the global AMR Smart Water Management market procured in the study are an out-turn of an extensive implementation of secondary sources such as
United Utilities Q&A released on AMR metering programme update
SMi report: New interview released with Neil Harper, United Utilities SMi Group are thrilled to welcome the expertise of Neil Harper, Operational Development Manager at United Utilities at the 6th annual conference on Smart Water Systems when it returns to Central London this April. Neil has worked at United Utilities for over 30 years and has extensive experience in the area of water metering. In his current role as Operational