12-11-2018 03:28 AM CET - Advertising, Media Consulting, Marketing Research

Mine Ventilation Equipment Market will reach 270 million US$ in 2023

Press release from: Global Info Research

New report published by Global Info Research which offers insights on the global Mine Ventilation Equipment market.

Ventilation is among the most important functions in a mining operation. Since ventilation directly affects the health and safety of employees working underground, mine owners take the regulation of air flow through a mine very seriously. Factors that determine ventilation design include: the type of mine, its location, the regulations around how much ventilation is required (varies by jurisdiction), and the equipment being used. The latter is especially important because a mine that uses diesel equipment will require more ventilation to dilute the diesel fumes than one that uses electric vehicles.

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Global Mine Ventilation Equipment Market: Forecast by Type / Application / Region

Globally, the mine ventilation equipment industry market is low concentrated as the manufacturing technology of mine ventilation equipment is relatively matures than some high-tech equipment. And some enterprises, like Howden, Epiroc and TLT-Turbo, etc. are well-known for the wonderful performance of their mine ventilation equipment and related services. At the same time, Asia-Pacific, occupied 30.89% Revenue market share in 2017, is remarkable in the global mine ventilation equipment industry because of the lowest cost of labor and raw material.

The consumption of mine ventilation equipment is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of mine ventilation equipment industry may not keep that fast. But it is surely forecasted that the market of mine ventilation equipment is still promising.

The worldwide market for Mine Ventilation Equipment is expected to grow at a CAGR of roughly 2.3% over the next five years, will reach 270 million US$ in 2023, from 240 million US$ in 2017, according to a new GIR (Global Info Research) study.

Global Nonferrous Metal Recycling Market:Key Players
ABC Industries
Twin City Fan&Blower
New York Blower
ABC Ventilation Systems
Clemcorp Australia
Hurley Ventilation
Parag Fans&Cooling Systems
Chicago Blower
Zibo Jinhe Fan
Spendrup FAN
Specialist Mechanical Engineers
Rotary Machine Equipment
Shandong China Coal

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Related Information:
United States Mine Ventilation Equipment Market 2018 Forecast to 2023
Europe Mine Ventilation Equipment Market 2018 Forecast to 2023
North America Mine Ventilation Equipment Market 2018 Forecast to 2023
Asia-Pacific Mine Ventilation Equipment Market 2018 Forecast to 2023
China Mine Ventilation Equipment Market 2018 Forecast to 2023
EMEA Mine Ventilation Equipment Market 2018 Forecast to 2023
Global Mine Ventilation Equipment Market 2018 Forecast to 2023

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