Press release
Global Mining Equipment Market Trends | Segmentation, Outlook, Industry Report to 2021-2027
The global mining equipment market is estimated to grow at a CAGR of 4.6% during the forecast period. Rising demand for electric machinery in underground mining is one of the key factors accelerating market growth. In July 2020, Sandvik expects southern African mines to witness more interest in battery-powered, electric underground drill rigs owing to their environmental benefits and operating efficiency. The major advantages of the battery concept in underground drill rigs include much less heat and zero emissions, which makes it suitable for healthier and safer working conditions.(Get 15% Discount on Buying this Report)
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Several other benefits of this technology comprise augmented drilling productivity, better energy efficiency, and decreased operating costs. Sandvik has been witnessing the popularity of its DD422iE rig in southern Africa, which has been in development for 3 years across countries having strict anti-pollution regulations including Canada. The DD422iE utilizes an electric driveline along with an electric motor that is mechanically connected to axles. The power system of the rig draws from its batteries at the time of peak loads to produce a 20% rise in drilling power. However, no waiting time is required for batteries since they are charged during drilling cycle phases when there is a low power intake.
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Scope of the Global Mining Equipment Market
Market Coverage
The market number available for 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Type and Application
Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World
Competitive Landscape- Caterpillar Inc., Atlas Copco AB, Liebherr Group, Komatsu Ltd., and Sandvik AB
Global Mining Equipment Market-Segmentation
By Type
Surface Mining Equipment
Mineral Processing Equipment
Underground Mining Equipment
By Application
Coal Mining
Metal Mining
Non-Metal Mining
Global Mining Equipment Market– Segment by Region
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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