Mining Automation Market : Opportunities , Challenges and Trends- Global Forecast to 2023 - PowerPoint PPT Presentation

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Mining Automation Market : Opportunities , Challenges and Trends- Global Forecast to 2023

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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. – PowerPoint PPT presentation

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Title: Mining Automation Market : Opportunities , Challenges and Trends- Global Forecast to 2023


1
MarketsandMarkets Presents
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.
2
MarketsandMarkets Presents
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 earths 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. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id33851149  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
3
MarketsandMarkets Presents
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.
4
MarketsandMarkets Presents
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 major players in the
mining automation market are Atlas Copco
(Sweden), Caterpillar (US), Hexagon (Sweden),
Komatsu (Japan), and Sandvik (Sweden).
5
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
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across eight industries worldwide approach
MarketsandMarkets for their painpoints around
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coming up with 1,500 MicroQuadrants (Positioning
top players across leaders, emerging companies,
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determined to benefit more than 10,000 companies
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them take their innovations/disruptions early to
the market by providing them research ahead of
the curve.
6
MarketsandMarkets Presents
MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of niche markets. Contact Mr.
Sanjay Gupta MarketsandMarkets INC.  630 Dundee
Road  Suite 430 Northbrook, IL 60062  USA
1-888-600-6441 
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