Press release
Smart Mining Market to Garner US$ 23,055.4 million, Globally, by 2028 at 13.3% CAGR: The Insight Partners
According to The Insight Partners new research study on "Smart Mining Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Software and Solution, and Service) and Mining Type (Underground Mining and Surface Mining)," Increase in surface mining activities to contribute heavily to smart mining market growth. The market is projected to reach US$ 23,055.4 million by 2028 from US$ 9,614.5 million in 2021; it is expected to grow at a CAGR of 13.3% from 2021 to 2028.The mining industry is witnessing growth in its activities owing to the rising demand for coal for power generation and growing demand for minerals and metals. In the industry, mining projects are rising rapidly. For instance, Aurania Resources (a Toronto-headquarter company) is putting efforts into exploring gold in southeastern Ecuador in the Cordillera del Cutucu. The region consists of gold-copper skarn, porphyry copper clusters, and epithermal gold deposits. Similarly, another Toronto-located large-scale gold mining company, Ari Sussman-led Continental Gold developed a wholly-owned Buritica gold mine project in Antioquia, which was scheduled for production in 2020. New mining projects prevailing across different countries are expected to promote the mining business, which would bolster the growth of the smart mining market during the forecast period.
Get Sample Copy of Smart Mining Market: https://bit.ly/3JgAZv2
APAC held the largest share in the smart mining market, followed by North America and Europe. Upsurge in the middle-class population and rise in urbanization across Asian countries offer lucrative opportunities for key players in the smart mining market. Many of the largest mining companies in the world reside in the region, i.e., of the top 40 mining companies by market capitalization globally, close to half are in or closely tied to the region. Furthermore, the most important recent mining deals involve the region. The mentioned factors are anticipated to contribute to the growth generated by the smart mining market in APAC
The smart mining market in MEA is expected to grow fastest during the forecast period. Industry players in the Middle East point to the fact that most of the area has yet to be explored utilizing contemporary techniques and equipment. Even though Africa has more than 30% of the world's mineral reserves, the region receives less than 5% of the overall global mining exploration and extraction budget. The potential for a thriving mining sector in the MEA region is enormous. Many nations in the MEA have recently enacted or are in the process of enacting new mining regulations to stimulate investment.
Inquire before Buying Copy of Smart Mining Market https://bit.ly/3wct2mX
Smart Mining Market for Hardware Segment to Grow in Coming Years
Wearable devices found applications in the mining industry for regulating production processes in hard rock mines, health and safety management in coal mines, and monitoring environmental quality in industrial mineral mines. For instance, wearable cameras are used at mining sites for many purposes, depending on the characteristics of the mining activity. In most cases, the cameras are useful tools for site monitoring and process controlling in outdoor environments. Nevertheless, there are a few regulations that need to be considered before introducing any smart mining hardware component.
Smart Mining Market: Mining Type Overview
Based on mining type, the smart mining market is bifurcated into underground mining and surface mining. The surface mining segment dominates the market. The market growth for the segment is driven by the surging demand for both nonmetallic and metallic minerals, increasing consumption of energy, growing concerns regarding energy security across various countries, rising technological advancements in mining, an abundance of reserves that can be exploited utilizing surface mining, and the lesser capital requirement.
Smart Mining Market: Competitive Landscape and Key Developments
ABB Ltd.; Alastri; Atlas Copco; Caterpillar Inc.; Cisco Systems Inc.; Hexagon AB; Hitachi Construction Machinery Co. Ltd.; Komatsu Mining Corporation; Rockwell Automation, Inc.; and Trimble are among key players operating in the global smart mining market. The leading companies are focusing on the expansion and diversification of their market presence and acquisition of a new customer base, thereby tapping prevailing business opportunities.
Purchase a copy of the Smart Mining Market research report @ https://bit.ly/3CKZWvY
In 2019, ABB launched a breakthrough digital application for real-time integration in open-pit and underground mines. The company developed ABB Ability Operations Management System for mining (OMS) in collaboration with Boliden AB and ArcelorMittal Mining Canada. It connects and coordinates mine operators, workforce, equipment, and all mining activities in real-time, from face preparation to the crusher.
In 2021, Kalmar, a subsidiary of Cargotec, has entered into an agreement with Companhia Siderúrgica Nacional (CSN) for the supply of nine Kalmar Rubber-Tyred Gantry Cranes (RTGs). The cranes will be delivered to the Sepetiba Tecon terminal in Rio de Janeiro, Brazil.
Highlights of Report:
All-inclusive evaluation of the parent market
Evolution of significant market dynamics
Industry-wise investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
The tactical approach of market leaders
Lucrative strategies to help companies strengthen their position in the market
Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical devices, Technology, Media and Telecommunications, Chemicals, and Materials.
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 Smart Mining Market to Garner US$ 23,055.4 million, Globally, by 2028 at 13.3% CAGR: The Insight Partners here
News-ID: 2580451 • Views: …
More Releases from The Insight Partners

Current Transformer Market is expected to grow a CAGR of 6.1% from 2025 to 2031
The Global Current Transformer Market 2031 that centers around Current Transformer Market examines the significant components with a top to bottom methodology and empowers the client to survey the drawn-out based interest additionally predicts explicit executions. This report gives subjective investigation, clarifying item scope and expounding Market experiences and standpoint.
To Get Sample Copy of Report, Click Here - https://www.theinsightpartners.com/sample/TIPRE00027549/?utm_source=OpenPR&utm_medium=10607
(Our SAMPLE COPY of the report offers a quick…

Healthy Eating Revolution Boosts Packaged Salad Dressings Market Growth Through …
New York, US - October 06, 2025 -The Packaged Salad Dressings market is entering a period of dynamic innovation and expansion, with consumers seeking healthier, flavorful, and convenient dressing options. The market is expected to register steady growth from 2025 to 2031, fueled by evolving consumer preferences and distribution innovations.
As more people globally adopt salads and healthy eating habits, demand for packaged dressings such as vinaigrette, ranch, balsamic, honey mustard,…

High Flow Oxygen Therapy Devices Market Size, Growth Status and Better Investmen …
The Insight Partners analysts forecasts the latest report on "Global High Flow Oxygen Therapy Devices Market (Covid-19) Impact and Analysis by 2031", according to report; The High Flow Oxygen Therapy Devices Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the High Flow Oxygen Therapy Devices…

Motor Protection Market Set for Robust Growth by 2031
The Insight Partners has published its latest research titled"Motor Protection Market Share, Size, Trends, and Forecast by 2031." The report projects consistent growth in the global motor protection market, fueled by increasing industrialization, advances in smart technologies, and tighter safety regulations. With growing infrastructure initiatives and the rise of intelligent systems, the market is poised for significant expansion in terms of size, market share, and innovation through 2031.
Check valuable insights…
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…