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New Report on Mining Equipment Market in India

Jun 18 2018

The "Mining Equipment Market in India 2018" report has been added to ResearchAndMarkets.com's offering.

The mining industry has been facing tough times due to volatility in commodity prices. Increased pressure on margins has led mining companies to focus on performance improvement and cost efficiencies.

The role of mining equipment has thus assumed significant importance in the current scenario. Since the allocation of mineral resources through competitive auction processes requires initial as well as production-linked payments to the government, the efforts for improved efficiency, productivity and optimisation of resource deployment have been further stepped up.

In addition, the approval for auctioning of coal mines for commercial use by private players is also expected to allow the use of more advanced equipment and technology.

Companies are also looking for mining opportunities in new and geo-technically complex areas due to depleting grades of existing mineral ores. With mine depths increasing, the demand for underground mining and specialised equipment is increasing. The need of the hour is to collaborate with global players to assess the suitability of underground mining and other techniques.

This will help achieve breakthroughs in a few projects and result in greater application of underground mining methods. Going forward, while the trend towards greater application of continuous mining systems, larger-sized equipment and greater energy efficient systems are sure to continue, automation and IoT are likely to bring about significant changes in the Indian mining industry in the medium term

Key Topics Covered:

Section I: Market Size, Trends and Growth Drivers