Press release
Global Smart Mining Technologies Market USD 9 Billion Growing at a CAGR of 14.3%. in 2030
Smart Mining Technologies Market
Increased awareness regarding the harsh influences of mining atmospheres such as UV exposure, dust, noise, chemical hazards, ground instability, and others cause health problems in the mine workers. This is influencing many key manufacturers to introduce advanced smart mining solutions in the smart mining market, which is one of the key drivers of the global market. Integration of autonomous fleet, remote-controlled equipment, and ventilation solutions offer safe working conditions and also improve the operational productivities. In addition, the growth of the market is driven by increased focus on safety & health, rise in adoption of IoT solutions, and increase in the implementation of autonomous equipment.
Smart mining is a process that uses information, autonomy, and technology to obtain enhanced safety, reduce operational costs, and gain better productivity for a mine site. Mining corporations emphasize on enhancing productivity by providing state-of-the-art software & solutions. It also comprises remote-controlled robotic equipment for mineral & metal extraction, which is stated as tele-robotic mining, and decreases the danger for miners.
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Key Trends :
Robust Adoption of Internet of Things (IoT);
Rapid advancement in technology will continue to influence mining operations. While a fully connected mining site may be still a few years away, IoT is increasingly being adopted in mining equipment and vehicles. To increase operational efficiency and reduce downtime, miners are using advanced tools for predictive maintenance. The use of IoT in scheduling and predicting maintenance and repair tasks is expected to play a key role in its widespread adoption.
Investment in Simulation Technology:
Simulation technology is gaining traction among miners owing to its proven benefits in responding to emergency situations. While the technology per se is highly efficient, shrinking budgets have resulted into limited adoption. However, the technology is poised to witness widespread adoption in the long run.
Key Players:
Hitachi Construction Machinery Co. Ltd., ABB Ltd., Komatsu Ltd., Outotec Oyj, Copco, Caterpillar Inc., Atlas Joy Global Inc., Cisco Systems Inc., and Alcatel-Lucent.
Market Segmentation:
The global smart mining technologies market can be segmented based on various factors such as technology, component, application, and geography. Here are the different segmentation options for this market:
Technology:
RFID tags
GPS tracking systems
Sensors
Automated haulage systems
Remote control systems
Autonomous equipment
Others
Component:
Hardware
Software
Services
Application:
Mineral extraction
Oil and gas extraction
Coal extraction
Others
Geography:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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Key Points:
Define, describe and forecast Potentiometers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Reasons to Purchase this Report:
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
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