|12-07-2018 02:33 AM CET - Advertising, Media Consulting, Marketing Research||
Global Underground Mining Equipment Market Expected to Witness a Sustainable Growth over 2023
Press release from: Market Research Report Store
New report published by Market Research Report Store (MRRS) which offers insights on the global Underground Mining Equipment market.
Underground Mining Equipment is the mining equipment used in the underground. Underground mining is a technique used to access ores and valuable minerals in the ground by digging into the ground to extract them.
Click to view the full report TOC, figure and tables:
Global Underground Mining Equipment Market: Forecast by Type / Application / Region
Underground mining involves mineral production by extracting natural resources such as metals, coal, and minerals, including iron ore, titanium, bauxite, and copper, and various non-metallic products from beneath the earth’s surface. The mining methods required for underground extraction are selected based on parameters such as geographical conditions, spatial and geometric characteristics, the economic value of ore, estimated operational costs, and availability of raw materials. Globally, APAC region generates the highest consumption value, followed by the North America, Europe, South America and Africa. The growing mining activities in developing countries of APAC such as China, India, and Australia, are the major factors influencing the growth of the market. Also, the growing demand from coal industry will drive the underground mining equipment market.
The coal mining sector was the highest revenue generator with over 40.21% market share in 2016, and this growth will continue through the forecast period. The energy industry is a significant end-user of mined coal products, as coal being a vital resource for energy production. Also, following the rapid growth in urbanization and industrialization, the demand for power generation has increased, thus triggering coal mining activities.
Over the next five years, LPI(LP Information) projects that Underground Mining Equipment will register a 6.9% CAGR in terms of revenue, reach US$ 24100 million by 2023, from US$ 17300 million in 2017.
Global Underground Mining Equipment Market: Key Players
Komatsu (Joy Global)
Hitachi Construction Machinery
China Coal Group
Ask for Discount on Research Report and Request Sample Copy of Report@
United States Underground Mining Equipment Market Research Report 2018
Europe Underground Mining Equipment Market Research Report 2018
North America Underground Mining Equipment Market Research Report 2018
Asia-Pacific Underground Mining Equipment Market Research Report 2018
China Underground Mining Equipment Market Research Report 2018
EMEA Underground Mining Equipment Market Research Report 2018
Global Underground Mining Equipment Market Research Report 2018
Market Research Report Store (MRRS) is a professional organization related to market research reports in all directions .To provide customers with a variety of market research reports, MRRS cooperates with a large of famous market report publishers all over the world. Owing to our good service and the professional market reports in the wide range, MRRS enjoys a good reputation in the market. In pace with the development of MRRS, more and more customers and market report publishers choose to cooperate with us. As a specialized platform, MRRS upholds the supremacy of customers and aims to provide customers with better service and richer select.
Contact US :
Sales Director (Market Research Report Store)
Tel: +86-15521064060 00852-58197708(HK)
Add: 17890 Castleton Street Suite 218 City of Industry CA 91748 United States
This release was published on openPR.
News-ID: 1423432 • Views: 199More releases