Press release
Understanding Impact of COVID-19 on Underground Mining Market
Underground Mining Market
The global underground mining market was valued at ~US$ 21.5 Bn in 2018, and is anticipated to expand at a CAGR of ~2% during the forecast period.
Based on equipment, the drilling equipment segment accounted for a major share of the global underground mining market in 2018.
In terms of method, the unsupported segment held a significant share of the global underground mining market in 2018. Room-and-pillar mining is an old method applied to horizontal or nearly horizontal deposits. This method has been refined over the years, and is used in coal and non-coal mining.
In terms of operator, the contract mining segment constituted a key share of the global underground mining market in 2018. Several contractual agreements are used in contract mining. These can be broadly classified into traditional contracts, risk sharing contracts, and strategic alliance contracts, depending upon the mine life or duration of the contract.
Request PDF Brochure : https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2372
Key Drivers and Restraints of Global Underground Mining Market
The renewable energy sector is expanding at a significant pace across the globe. However, it is unable to meet the rising demand for power. This has resulted in a chasm between the demand for power and its generation, which developing countries such as China, India, and Indonesia are striving to meet through coal-based generation. This is driving the use of coal in power generation applications. According to the World Coal Association, coal accounted for approximately 38% share of the total electricity generated in 2018. This percentage has remained almost unchanged in the last 20 years. Thus, rise in the demand for power is expected to boost the demand for coal in the power industry. This is likely to drive the underground mining market. Coal production in the U.S. increased to 273 million short tons through underground mines in 2017, up from 252 million short tons in 2016.
REQUEST FOR COVID19 IMPACT ANALYSIS : https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2372
Latin America Offers Lucrative Opportunities to Global Underground Mining Market
Latin America dominates the global underground mining market. The mining industry in the region has been thriving since the last few years. In 2017, 305 companies invested US$ 2.38 Bn for exploration in the region. Chile, Peru, and Mexico received 25%, 22%, and 21% of these investments, respectively, in the year. Favorable government policies and automation of processes in excavation operations are anticipated to drive the underground mining market in Latin America during the forecast period.
Currently, Brazil has more than 180 active mines. The most productive underground mines in the country extract up to 1,000,000 tons of minerals every year. Currently, Brazil has two major underground mines: Morro Velho and Serra Grande Gold Mine.
Explore Transparency Market Research’s award-winning coverage of the global Industry:
https://www.prnewswire.com/news-releases/increasing-preference-towards-high-protein-diet-that-is-ready-to-go-is-fueling-growth-of-global-meat-extract-market-valuation-to-reach-us-2-5-bn-by-2029--transparency-market-research-301003674.html
Key players operating in the global underground mining market are BHP, Rio Tinto, Glencore, Vale S.A., Alcoa Corporation, Coal India Ltd, Anglo American Plc, Barminco, CIMIC Group Limited, OZ Minerals, The Redpath Group, Thyssen Mining, China Shenhua Energy Company Limited, Norilsk Nickel Group, Implats Platinum Limited, Amur Minerals Corporation, GBF Underground Mining Company, and Freeport-McMoRan.
Global Underground Mining Market: Segmentation
Underground Mining Market by Equipment
Drilling Equipment
Loaders & Trucks
Ventilation Systems
Conveyor Systems
Rock Reinforcement Systems
Others (Draglines, Shovels, Continuous Miners, and Shuttle Cars)
Underground Mining Market by Method
Supported
Cut-and-Fill Stoping
Stull Stoping
Square Set Stoping
Unsupported
Room-and-Pillar
Shrinkage Stoping
Sublevel Stoping
Caving
Longwall Mining
Sublevel Caving
Block Caving
Contact Us
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
About Us:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Understanding Impact of COVID-19 on Underground Mining Market here
News-ID: 2111730 • Views: …
More Releases from Transparency Market Research
Europe Insect Screen Market Poised for Steady Growth on the Back of Rising Healt …
The Europe Insect Screen Market continues to gain momentum, driven by heightened emphasis on public health, energy efficiency, and sustainable building solutions. Valued at US$ 285.4 Mn in 2024, the market is set to grow consistently and reach US$ 480.0 Mn by 2035, expanding at a CAGR of 5.0% during the forecast period.
Increasing focus on maintaining hygienic indoor environments, coupled with advancements in building technologies, is accelerating the adoption of…
Tennis Ball Machines Market to Reach USD 40.3 Million by 2035, Driven by Rising …
According to a new research report published by Transparency Market Research, the global tennis ball machines market was valued at US$ 27.4 Mn in 2024 and is projected to reach US$ 40.3 Mn by 2035, expanding at a CAGR of 3.4% from 2025 to 2035. The market is witnessing steady expansion driven by a surge in tennis participation, rising adoption of advanced training tools, and strong consumer preference for lightweight,…
Global Poultry Farming Equipment Market to Reach USD 6.7 Bn by 2034, Driven by A …
The global poultry industry is entering a new era of modernization as farms worldwide adopt advanced, automated equipment to meet soaring demand for poultry products. According to the latest market assessment, the global poultry farming equipment market was valued at US$ 4.1 Bn in 2023 and is projected to expand steadily at a CAGR of 4.5% from 2024 to 2034, reaching US$ 6.7 Bn by 2034. This growth is fueled…
Europe External Blinds Market Set to Reach USD 22.9 Billion by 2034, Driven by S …
The Europe External Blinds Market is positioned for steady growth over the next decade, with market value expected to rise from US$ 15.2 billion in 2023 to US$ 22.9 billion by 2034, expanding at a CAGR of 3.9% from 2024 to 2034. Increasing adoption of smart home solutions, rising environmental consciousness, and strong government regulations supporting energy efficiency are key factors contributing to this growth.
Introduction: External blinds have emerged as…
More Releases for Mining
Gold Mining Market is Booming Worldwide | Newmont Mining, Coeur Mining, Freeport …
The " Gold Mining - Market Development Outlook " Study has been added to AMA Research repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to built strong players coverage in the study. Some of the major and emerging players identified are Newmont Mining United States), Coeur Mining (United States), Freeport-McMoRan (United States), North Bloomfield Mining and Gravel…
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market…
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market…
Coal Mining Market by Mining Technology, Underground Mining and Application with …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe.
The report segments the coal mining market on the basis of mining technology, application, and geography. On the basis of mining technology, the market is bifurcated into surface mining and underground mining.
Surface…
Base Metals Mining Market in China to 2021| Zijin Mining Group Company, China Da …
Albany, NY, 1st November : Recent research and the current scenario as well as future market potential of "Base Metals Mining in China to 2021-Robust Consumption and Imports Expected in the Upcoming Years" globally.
Summary
GlobalDatas "Base Metals Mining in China to 2021", report covers comprehensive information on Chinas base metal (copper, nickel, zinc, and lead) mining industry, base metal (copper, nickel, zinc, and lead) reserves and grade, the historical and forecast…
Coal Mining Market by Mining Technology {Surface Mining (Strip Mining, Auger Min …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe.
Access Full Summary: https://www.alliedmarketresearch.com/coal-mining-market
The growth of the Asia-Pacific coal mining market is driven by increase in usage of coal in steel manufacturing and electricity generation. However, stringent government regulations towards environmental pollution due…
