Mining Automation Market Worth to cross USD 6636.19 MN By 2027
Posted On May 21, 2021
The Global Mining Automation Market value is expected to grow by an impressive 7.5% of CAGR during the forecast period of 2021 to 2027. The market can grow to USD 6636.19 MN by 2027 as per the report by Value Market Research. The rapid adoption of automation technology to modernize mining operations is the primary stimulant for the mining automation market. Implementation of automation technologies enabling increased productivity, reduced expenditures, and higher profits throughout the mining industry will further propel market growth. Mining companies constantly on the lookout for new ways to increase production, reduce costs, extend the lifespan of mine sites, or establish new sites will enhance the market growth. Advances in autonomous robotics, smart devices, equipment combined with efficient operation, self-diagnostics, and the use of software solutions delivering total, real-time transparency of the procedures will be a significant market booster. The various complexities involved with the automated mining technologies will be the restraints for market growth.
Mining automation is removing the human workforce from the mining sites and using software solutions and robotic technology in mining vehicles and equipment. Easy maneuvering of mining equipment into unsafe areas and difficult locations is possible using automation. Automated mining equipment enables sending fewer miners underground with reduced risk to employees and higher output. Automation of mining equipment comes in different forms like remote control, teleoperation, driver assist, and full automation. The various benefits offered by mining automation are improved safety, better fuel efficiency, increased productivity, reduced unscheduled maintenance, improved working conditions, better vehicle utilization, and reduced driver fatigue and attrition.
The detailed research study "Global Mining Automation Market Report By Solution (Software Automation, Services (Implementation And Maintenance Services, Training Services, Consulting Services) Equipment Automation (Autonomous Trucks, Remote Control Equipment, Teleoperated Mining Equipment), By Application (Metal Mining, Mineral Mining, Coal Mining) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" assists in understanding the market dynamics with qualitative as well as quantitative data.
On the basis of solution the market is segmented into Software Automation, Services, Equipment Automation. By application the mining automation market is categorised as Metal Mining, Mineral Mining, Coal Mining. The regions covered in the market study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. This section throws light on the geographical spread of revenue and/or volume of the mining automation market.
The Report Segments Global Mining Automation Market -
- Software Automation
- Implementation and Maintenance Services
- Training Services
- Consulting Services
- Equipment Automation
- Autonomous Trucks
- Remote Control Equipment
- Teleoperated Mining Equipment
- Metal Mining
- Mineral Mining
- Coal Mining
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Atlas Copco, Caterpillar Hexagon, Sandvik, Komatsu Ltd, Rio Tinto Group, and Rockwell Automation, Inc.
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