Increase In Demand Of Global Renewable Energy In Mining Industry Market - Growth, Trends & Forecasts 2016 - 2024

Researchmoz added Most up-to-date research on "Increase In Demand Of Global Renewable Energy In Mining Industry Market - Growth, Trends & Forecasts 2016 - 2024" to its huge collection of research reports.

Global Renewable Energy In Mining Industry Market

The mining industry traditionally relies on the conventional fossil based sources of energy such as diesel, oil and natural gas to fulfill the energy demand. The industry is now competing with the increased prices of the fuel which leads the operator to operate on less operating margins. The mining industry is expanding its wings into new remote locations to meet the emerging demand of the energy. Typically use of large diesel equipments on mining site resulting in a dependency on the diesel fuel. As maximum locations for mining are in remote areas making it difficult to provide grid connectivity, increasing its reliability on on-site generation.

The emerging demand for the energy and volatility in the market price of conventional fuel are the main drivers for the renewable energy in mining industry. Additional cost of setting equipments for generation from renewable sources and low capacity utilization factor are the major constraints for the industry. Allocation of new mines, innovative technologies used in locating resources and rising demand for resources bring new market opportunities for the new players to invest in the market.

Renewable Energy In Mining Industry: Segmentation
The renewable energy in mining industry can be segmented on the basis of technology used for power generation on site. Majorly solar and wind technology can be used on mining sites to provide power. Solar power can be directly converted into electricity through photovoltaic cells and concentrated solar power technique. Today photovoltaic cells provide 0.1% of the total global electricity production. Photovoltaic is a commercially reliable and viable technology with a huge potential for the long term growth across all the world regions.

To Get Sample Copy of Report visit @ https://www.researchmoz.us/enquiry.php?type=S&repid=1357416

Photovoltaic technology is further segmented into crystalline silicone, thin film and concentrator technologies. Crystalline silicone technology contributes about 85-90% to the global market for solar. Crystalline silicone is further divided into multi-crystalline and single-crystalline. Thin film is further divided into amorphous & micromorph silicone, cooper-indium diselenide, cadmium telluride and copper indium gallium diselenide. Concentrator technology uses optical concentrator system which focuses solar radiation onto high efficiency solar cells. This technology is under development phase.

Large wind farms consist of hundreds of wind turbines connected to the power transmission network. The earth’s surface heats and cools unequally resulting in the creation of atmospheric pressure zones that make air to flow from high pressure zone to low pressure zone. This wind is used to rotate the turbines of the large wind mills for power generation. The amount of generation depends on the velocity of the wind where the wind farm is installed. Wind turbines are majorly classified into horizontal axis and vertical axis turbines. A horizontal axis turbine has its blade rotating on the axis parallel to the ground whereas vertical axis has its blade rotating on the axis perpendicular to the ground. The cut in speed for the wind turbines is in the range of 10-16 kmph and is defined as the minimum speed at which the blades will rotate and generate usable power.

Renewable Energy In Mining Industry: Region-wise Outlook
In the Asia Pacific region China and India are the major countries using above stated technologies for power generation. In the European region Germany, France and United Kingdom are the major users of the solar and wind technologies in power generation. In the North American region the United States and Canada are the major countries generating power from solar and wind.

Key players in providing renewable energy in mining industry are Gamesha, E.ON, Vestas, Siemens, Iberdrola Renewables, General Electric, NextEra, Suntech Power Holdings Co., Ltd., First Solar and Hanwha SolarOne among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Make an Enquiry of this report @ https://www.researchmoz.us/enquiry.php?type=E&repid=1357416

The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

About ResearchMoz

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

Mr. Nachiket
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Email: sales@researchmoz.us
Website @ http://www.researchmoz.us/
Tel: 866-997-4948 (Us-Canada Toll Free)
Tel: +1-518-621-2074
Follow us on LinkedIn @ http://bit.ly/1TBmnVG
Follow us on Blogger @ http://summaryofmarketresearchreports.blogspot.in/

This release was published on openPR.