Press release
Mining Automation Market: Lucrative Opportunities across Globe
European Union (EU) through its Horizon 2020 and SPARC program is focusing on autonomous underground mining. SPARC program of EU is a public-private partnership (PPP) model between euRobotics and European Commission which an objective to make Europe leader in civilian robotics technology which includes mining automation.
SPARC is the largest research and development program in robotics technology in the world. SPARC program has received of ~US$ 823 (1Euro=US$ 1.18) Million funding from European Community for 2014-2020 and three times that fund from European industry (~US$ 2.5 Billion) for a total investment of ~US$ 3.3 Billion.
Mining automation including autonomous underground mining is one of key focus areas of the SPARC program. This is driving the mining automation market in Europe.
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Safety of mine workers is also of paramount importance in developed and emerging countries. Mining automation which includes the use of robotics technology executes mining operation in hazardous environment ensuring worker’s safety.
One of the major mining automation firms Caterpillar based in the U.S. is expanding its mine-automation program. Use of robotics technology is also driving the mining automation market in North America and Europe. Mining firms are focused on increasing productivity of mining operations and reduce operational cost which is subsequently increasing the demand for mining automation.
A major restraint for adoption of automation in mining industry in emerging and developing countries is its huge number of working population. Mining automation reduces human involvement in mining process is expected to lead unemployment problems in Asia-Pacific (excluding Japan), Middle East and Africa and South America. The cost of labor is low in emerging and developing countries. All these factors act as a restraint for adoption of mining automation in those regions.
Global mining automation market can be segmented based on type, technique and geography. The market when segmented by type are equipment, software and communication systems. Through mining automation equipment, operators in remote control room, monitor the movements of unmanned trucks or loaders below the surface.
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The market when segmented by technique are underground mining and surface mining. Underground mining refers to various mining technologies use to excavate ores containing lead, tin, nickel, zinc, copper, iron, silver, gold among othets. Surface mining also known as open-pit mining in which minerals are mined by removing soil and rock covering the minerals.
Geographically global mining automation market is classified into North America, Europe, Asia-Pacific, Middle East & Africa and South America. North America is expected to be a prominent mining automation market in the world. The U.S. is expected to be the largest market in the region followed by Canada and Mexico. Europe is expected to be the third largest producer of mining minerals after Asia-Pacific and North America.
It is also expected to be a major mining automation market in the world. The major mining automation markets in Europe are expected to be Germany, the U.K., France, Italy and Spain. Asia-Pacific is expected to be one of the largest mining automation market in the world.
China is expected to be the dominant market in the region followed by Japan, South Korea and India. Middle East & Africa is expected to be a significant major mining automation market in the world lead by Iran, Saudi Arabia, Turkey and South Africa. South America is expected to be another major mining automation market in the world lead by Brazil and followed by Argentina.
The major players operating in the mining automation market are Sandvik AB, ABB Group, Autonomous Solutions Inc., Caterpillar Inc., Komatsu Limited, Atlas Copco, Hexagon AB, Hitachi, RPMGlobal and Trimble among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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