Mining Laboratory Automation Market Growing Acceptance Of Automation, AI, and Robotics Across Numerous Industries

According to Precision Business Insights (PBI), the latest report, the mining laboratory automation market is expected to be valued at USD 391.8 million in 2022 and is poised to grow at a significant CAGR of 1.9% over 2022-2028. The primary driver of the expansion of the global Mining Laboratory Automation market is the growing shifting from traditional practices to automation, increasing demand for mining laboratory automation products to enhance productivity and improve workers' safety, and the deployment of automation, AI, and robotics is rapidly increasing.

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Laboratory Information Management Systems (LIMS) Segment to Dominate the Mining Laboratory Automation Market:
Based on Product, the laboratory information management systems (LIMS) segment registered the highest market share and is expected to dominate the market over the forecast period. A Laboratory information management system (LIMS) is software that permits professionals or scientists to control samples, test results, and associated data to improve lab productivity. It assists in standardizing workflows, tests, and procedures while giving accurate controls of the process. They also confirm product standards, quality control, and environmental safety standards with improving productivity and satisfying regulatory needs. Mining laboratories require to cover a wide range of testing regimes ranging from the rare earth and base metals to gemstones.

North America Mining Laboratory Automation Market
North America accounted for a significant market share in the Global Mining Laboratory Automation Market and is anticipated to lead the market over the forecasted period owing to the adoption of advanced technology across various industries in this region. Additionally, the rising mining industry in the region has further pushed the growth opportunities for the implementation of lab automation solutions in the firms.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Mining Laboratory Automation market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In June 2020, FLSmidth & Co. AS made a contract with a Goldfields project in Chile by selling three system packages to Gold Fields Limited for the Salaries Norte project in Chile. The plant is expected to produce an average of 2.6 million ounces of silver and 286,000 ounces of gold annually during its first seven years in operation.

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The mining laboratory automation market is segmented based on product, end-user, and geography.
Based on the product, the market is segmented into the following:
• Container Laboratory
• Robotics
• Automated Analyzers and Sample Preparation Equipment
• Laboratory Information Management Systems (LIMS)Systems

Based on the end user, the market is segmented into the following:
• Large Enterprises
• SMEs

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the mining laboratory automation market report are Datech Scientific Ltd., Intertek Group PLC, Nucomat, HERZOG Automation Corp., FLSmidth A/S, Bruker Corporation, Rocklabs (SCOTT Group), Thermo Fisher Scientific Inc., Online LIMS Canada Limited, Malvern Panalytical Ltd., and GE Energy.

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