Internationally Smart Mining Market Potential Growth, Share, Demand and Analysis of Key Players- Research Forecasts to 2022


Alltake Market Research added New Report “Global Smart Mining Market Research Report, Growth (2017)” Forecast to its research database.

This report studies Smart Mining  in Global market, especially in North America, Europe, China, Japan, Korea and Taiwan, focuses on top manufacturers in global market, with Production, price, revenue and market share for each manufacturer, covering

Freeport McMoRan Mine Technology Group

Market Segment by Regions, this report splits Global into several key Region, with production, consumption, revenue, market share and growth rate of Smart Mining  in these regions, from 2011 to 2021 (forecast), like

North America

Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into

Type I
Type II
Type III

Split by application, this report focuses on consumption, market share and growth rate of Smart Mining  in each application, can be divided into

Application 1
Application 2
Application 3

 Major Points from Table of Content:

  • Smart Mining Market Overview
  • Global Smart Mining Market Competition by Manufacturers
  • Global Smart Mining Capacity, Production, Revenue (Value) by Region (2012-2017)
  • Global Smart Mining Supply (Production), Consumption, Export, Import by Region (2012-2017)
  • Global Smart Mining Production, Revenue (Value), Price Trend by Type
  • Global Smart Mining Market Analysis by Application
  • Global Smart Mining Manufacturers Profiles/Analysis
  • Smart Mining Manufacturing Cost Analysis
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Market Effect Factors Analysis
  • Global Smart Mining Market Forecast (2017-2022)
  • Research Findings and Conclusion
  • Appendix

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Smart Mining Market Perceive Robust Expansion by 2020

Smart mining market is expected to witness stellar growth in 2016. Low operational cost benefit will continue to drive demand for smart mining technology, in addition to enhanced productivity, improved operational efficiency, and better safety. Automated equipment will be the largest segment and Asia Pacific excluding Japan will be the dominant market in 2016.

Rising environmental concern is fuelling adoption of smart mining technology globally. As the technology enables mining companies to maximise mineral output with minimal waste, a growing number of players are expected to incline more toward smart mining solutions. Moreover, the technology uniquely allows them to monitor pollution to meet environmental regulatory norms, thus pushing the demand further. Increasing number of industry players will seek Big Data capabilities for the optimum resource utilisation. Smart mining equipment also reduce turn-around time, leading to rise in adoption.

Inadequate trained resource pool and hefty training costs will remain key restraints to the market growth. Moreover, substantial initial capital investment and lack of standardisation policies may deter the adoption rate of smart mining solutions and equipment.

Automated equipment segment of the global smart mining market will retain dominance, with over 70% of market share. Increasing deployment of robotics and automated mining machinery in surface and underground mining operations is expected to provide an impetus to automated equipment segment. In terms of Y-O-Y growth, automated equipment are foreseen to climb up from 14.5% in 2016 to 14.7% in 2017. Mining excavator machine will remain the dominant sub-segment, followed by load haul dump. Despite a slight decline, these two sub-segments will represent the largest sectors of automated equipment. Drillers and breakers, robotic trucks, and other equipment will register an uptick in 2016. Robotic trucks, and automated drillers and breakers are anticipated to gain strong mainstream adoption opportunities.

Driven by increasing deployment of intelligent systems, and RFID tags and sensors for enhanced automation in mining operations, component segment will continue to witness significant growth. Hardware is projected for a slight decline despite dominance in market, whereas service segment will represent the fastest growing sub-segment. Owing to rising demand for engineering and maintenance, and consulting services, the services segment is anticipated to reach a market value of US$ 182 Mn in 2017, up from US$ 159 in 2016.

On the basis of region, APEJ will retain a dominant market position with over 35% market share. Increasing number of tech savvy end users and benefit of low operational costs are expected to pose a positive influence on market growth in APEJ. North America, Western Europe, and APEJ collectively account for over 70% of market share; however, N. America, W. Europe will witness notable decline in 2016. Markets in MEA, Eastern Europe, and Latin America are estimated to witness an uptick.

Some of the key players in global smart mining market include ABB Ltd., Atlas Copco, Joy Global Inc., and Sandvik Mining and Construction. Leading companies constantly focus on gaining enhanced market presence through extended product and service portfolio, constant innovation, and strategic mergers and acquisitions. These four players offer smart mining equipment, services, as well as solutions. Other notable players include Hitachi Construction Machinery Co. Ltd., Autonomous Solutions, Inc., and Catterpillar Inc.

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