Smart Mining Market: Statistics and Research to 2014 – 2022

Posted on Updated on

Smart Mining

Allied Market Research adds “Smart Mining Market” new report to its research database. The report provides a comprehensive analysis of current & future trends and emerging avenues for the growth of this market globally.

Smart Mining Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $15,837 million by 2022, registering a CAGR of 14.9% during the period 2016-2022. Asia-Pacific region is expected to dominate the global market throughout the analysis period, registering the highest CAGR of 15.9% during the forecast period. Surface mining segment is expected to grow at the highest CAGR of 16% during the forecast period.

Get PDF Brochure sample report @ https://www.alliedmarketresearch.com/request-free-sample/1596

Factors such as increased focus on safety & health, rapid adoption of IoT solutions, and rise in adoption of autonomous equipment have boosted the overall market growth. However, dearth of highly skilled and qualified labor, availability of poor infrastructure, and stringent government regulations regarding air, water, and environment are the key restraining factors of the market.

Equipment manufacturer and software & service providers upgrade their equipment to improve the health and safety of workers. Therefore, renowned companies, such as Hexagon AB, and Komatsu Limited among others offer safety & security solutions, remote management software solutions, and other security solutions to improve productivity and achieve operational excellence. In addition, market players have focused on manufacturing mining products that do not affect landscape and vegetation.

Send Enquiry About Report: https://www.alliedmarketresearch.com/purchase-enquiry/1596

Surface mining segment accounted for about 63% of the overall market revenue in 2014, which was more than that of the underground mining segment. Increase number of fatal accidents during surface mining has resulted in higher adoption of smart mining technologies in the mining industry. Smart mining requires strong infrastructure development, which is difficult for mining companies to implement due to the complexities involved in installation of these resources at underground mining sites. However, growing adoption of smart mining technologies in underground mining applications is expected to boost the market growth during the forecast period.

Excavator segment generated the highest revenue in the automated equipment market in 2014, accounting for around 31% share of revenue. High adoption of GPS technology and collision avoidance systems in automated excavators have facilitated smoother mining activity and increase in overall productivity.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Us:

5933 NE Win Sivers Drive,
#205, Portland, OR 97220,
United States.
Int’l:       +1-503-894-6022
Toll Free:   +1-800-792-5285
Fax:   +1-800-792-5285
help@alliedmarketresearch.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s