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Mining Automation Market: The global market is expected to grow at a CAGR of 8.3% during the forecasted period.

05-25-2023 12:12 PM CET | Energy & Environment

Press release from: Evolve Business Intelligence

Mining Automation Market: The global market is expected to grow

As per the study initiated by Evolve Business Intelligence, the global Mining Automation Market size accounted for USD 4.95 Billion in 2022, growing at a CAGR of 8.3% from 2023 to 2033. The mining automation market refers to the segment of the global mining industry that involves the use of advanced technologies and automated systems to optimize mining operations and increase efficiency. The mining automation market is driven by factors such as the growing need for operational efficiency, rising concerns about worker safety, advancements in technology, and the increasing demand for minerals and metals worldwide.
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Key Highlights:
• The global Mining Automation Market size was valued at USD 4.95 billion in 2022 growing at a CAGR of 8.3% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Mining Automation Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Mining Automation Market report also includes the following data points:
• COVID19 Impact on Mining Automation Market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Mining Automation Market
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Key Players
Some of the major Mining Automation Market players holding high market share include Epiroc AB, Hexagon AB, Hitachi Ltd. and Komatsu Ltd. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
o Epiroc AB
o Hexagon AB
o Hitachi, Ltd.
o Komatsu Ltd.
o Liebherr Group
o MST (Mine Site Technologies)
o Rio Tinto
o Rockwell Automation, Inc.
o RPM Global Holdings Ltd.
o Sandvik AB
o Siemens
Segmental Analysis
Market Segment By Solution with focus on market share, consumption trend, and growth rate of Mining Automation Market:
• Software Automation
• Services
• Equipment Automation
Market Segment By Application with focus on market share, consumption trend, and growth rate of Mining Automation Market:
• Metal Mining
• Mineral Mining
• Coal Mining

Parameters Details
Market Size (2022) $ 4.95 Billion
CAGR (2023 to 2033) 8.3%
Market Segmentation Solution, Application
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Mining Automation Market Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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Evolve Business Intelligence
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Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

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