Mining Automation Market by Technique, Type , Equipment - 2023
According to the new market research report "Mining Automation Market by
Technique, Type (Equipment, Software, Communications System), Equipment
(Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD
Loaders, Tunneling Equipment) and Region - Global Forecast to 2023",
The mining automation
market is expected to grow from USD 2.22 Billion in 2017 to reach USD 3.29
Billion by 2023, at a CAGR of 6.77% between 2017 and 2023. Key factors such as
the increasing need for worker safety, improving productivity, and reducing
overall operational costs are driving the mining automation market growth.
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The major players in the mining automation market are Atlas Copco
(Sweden), Caterpillar (US), Hexagon (Sweden), Komatsu (Japan), and Sandvik
(Sweden).
Early buyers will receive 10% customization on reports.
The underground mining
automation market to hold the largest share between 2017 and 2023
An underground mining technique
is used to extract the mineral and ore deposits, which are buried deep under
the earth’s crust. The primary objective of operating an underground mine is to
extract the maximum amount of ore with a minimum tailing. However, underground
mining is considered more dangerous than that of surface mining due to the
potential dangers such as adverse health effects, collapse, release of toxic
gases, and lack of proper ventilation, which results in suffocation. Some of
the most common types of underground mining techniques include room and pillar
mining, cut-and-fill stoping, longwall mining, shaft mining, and slope mining.
In room and pillar mining, the roof of the mine is supported by rock pillars
spaced out at regular intervals from where the ore is mined. Cut-and-fill
stoping is used in vertical stopes and in mining high-grade irregular ore
bodies. Equipment used in the underground mining technique include underground
load-haul-dump (LHD) loaders, articulated trucks, tunnel boring machines,
roadheaders, tunneling jumbos, and underground drills.
The mining process market to hold the largest share between
2017 and 2023
Mining processes involve
drilling, blasting, loading, hauling, and transporting. These critical
processes are performed by implementing hauling/mining trucks; drilling rigs;
underground LHD loaders; and other equipment such as hybrid shovels, total
stations, mining dozers, bulldozers, dredges, hydraulic jets, and feeders. A
large number of automated equipment and management systems are used in mining
to get better access the information on mineral locations and handling
techniques. Automation in mining has a greater prospect to keep the mining
operations intact with high output.
Browse 37 Market Data Tables
and 45 Figures spread through 146 Pages and in-depth TOC
on "Mining
Automation Market - Global Forecast to 2023"
Asia Pacific held the largest share of the mining
automation market in 2016.
Asia
Pacific has immense natural reserves distributed among the countries throughout
the region. APAC is estimated to become the largest market for mining equipment
and implementation of mining automation technologies globally. The reason for
this trend is the increased use of automated mining equipment by leading
exploration and mining companies such as Rio Tinto (UK), FMG Group (Australia),
and BHP Billiton (Australia). These mining companies have started using automated
mining equipment in their mine sites in the Western region of Australia.
Moreover, the increasing digitization of mines and globalization of economies
have attracted significant investments from the mining companies all over the
world.
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