Press release
Global Mechanical Drives Market For Mining Industry To Grow At A CAGR Of 2.99% During The Period 2017-2021 Key Vendors – ABB, Nidec, Siemens, SKF
Mining involves extraction of valuable minerals from the earths crust. These mineral products have an economic value as they are used in many industries to manufacture end-products. These industries include automobile, manufacturing, energy, and construction. Ores recovered by mining include coal, oil shale, metals, gemstones, rock salt, and clay. The life cycle of a mining process consists of key steps that include exploration, production, closure, and post-mining. The major parts of mining process are exploration, mining, and processing.
Technavios analysts forecast the global mechanical drives market for mining industry to grow at a CAGR of 2.99% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global mechanical drives market for mining industry for 2017-2021. To calculate the market size, the report considers the demand for mechanical drive products from the mining industry.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Global Mechanical Drives Market for Mining Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
Nidec
Siemens
SKF
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Market driver
Global urbanization and industrialization
For a full, detailed list, view our report
Market challenge
Decline in mining-related investments
For a full, detailed list, view our report
Market trend
Shifting of mining activities to emerging economies
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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