The "Mining automation - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the report, the Global Mining Automation Market accounted for $2.24 million in 2017 and expected to grow at a CAGR of 7.2% to reach $4.2 million by 2026.
Factors such as the increasing need for worker safety, the increasing requirement enhancement in mining productivity, and the fall in operating expenses are driving the market growth.
By mining technique, the market for underground mining technique is driving the market due to the major minerals found under the earth's surface, which are explored, collected, and later on processed. As working in underground mines is considered hazardous, the need for advanced automated mining equipment is more for underground mining techniques. To safeguard mine workers, automated systems have been deployed at a huge rate in underground mines, which enables the market growth at a substantial rate.
Based on geography, Asia pacific has huge natural reserves spread among the countries throughout the region. It is expected to become one of the largest markets for mining equipment and execution of mining automation technologies. The reason for this trend is the improved use of automated mining equipment by top exploration and mining companies such as Rio Tinto, FMG Group, and BHP Billiton. Moreover, the increasing digitization of mines and globalization of economies have attracted significant investments from the mining companies all over the world.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Mining Automation Market, By Type
6 Global Mining Automation Market, By Technique
7 Global Mining Automation Market, By Workflow
8 Global Mining Automation Market, By Geography
9 Key Developments
10 Company Profiling
- Fluidmesh Networks
- MST Global
- Autonomous Solutions Inc.
- Atlas Copco