Energy & Mining

Smart Mining Market – Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024

Press Release

The global smart mining market is expected to grow from USD 4,230.46 million 2017 to USD 12,821.47 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 17.16%.

“Increased emphasis on safety & health in logistics is one of the factors largely attributing to the growth of smart mining market globally”

The factors attributing to the growth of the market are increased emphasis on safety & health in logistics, accelerating the adoption of IoT solutions, rise in adoption of autonomous equipment, growing environmental concerns, and increased investment on ICT in mining. However, some factors such as limited access to the skilled labor force, and government regulations concerning air, water, and overall environmental quality may hinder the market growth. The global smart mining market is expected to showcase the opportunities such as plant automation, enhancement in digital mining concepts, and investment in rich mining infrastructure. In the near future, the market may face the possible challenges in the growth due to and lack of standardization for the implementation of smart mining solutions and equipment. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global smart mining market.

On the basis of component, the global smart mining market is studied across Hardware, Services, and Software.

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On the basis of equipment, the global smart mining market is studied across Drillers & Brakers, Excavator, Load Haul Dump, and Robotic Truck.

On the basis of geography, the global smart mining market is studied across the Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).

“ABB Ltd.: The potential growing player for the global smart mining market”

The key players profiled in the global smart mining market are ABB Ltd., Alastri, Atlas Copco AB, Caterpillar Inc., Cisco Systems, Inc., Hexagon AB, Hitachi Construction Machinery Co., Ltd., International Business MachinesCorporation, Komatsu Mining Corp., Outotec Oyj, PTC Inc., Rockwell Collins, Inc., SAP SE, Symboticware Inc., and Trimble Inc.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global smart mining market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global smart mining market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global smart mining market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global smart mining market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global smart mining market.

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Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Stakeholders
2. Research & Forecasting
2.1. Research Methodology
2.1.1. Research Instruments
2.1.1.1. Secondary Instrument
2.1.1.2. Primary Instrument
2.1.2. Research Approaches
2.1.2.1. Bottom-up Approach
2.1.2.2. Top-down Approach
2.1.3. Research Reliability & Validity
2.1.4. Research Assumptions
2.1.5. Vendor Inclusion Criteria
2.2. Forecasting Methodology
2.2.1. Methodology for Market Estimation & Forecasting
2.2.2. Significance and Importance of the Market Estimation & Forecasting
3. Executive Summary
4. Premium Insight
4.1. Market Connectivity
4.2. Market Data Feed
4.3. Market Vendor Ranking Analysis
4.4. Market Dynamics
4.4.1. Drivers
4.4.1.1. Increased emphasis on safety & health in logistics
4.4.1.2. Accelerating adoption of IoT solutions
4.4.1.3. A rise in adoption of autonomous equipment
4.4.1.4. Growing environmental concerns
4.4.1.5. Increased investment in ICT in mining
4.4.2. Restraints
4.4.2.1. Limited access to the skilled labor force
4.4.2.2. Government regulations concerning air, water, and overall environmental quality
4.4.3. Opportunities
4.4.3.1. Plant automation
4.4.3.2. Enhancement in digital mining concepts
4.4.3.3. Investment in rich mining infrastructure
4.4.4. Challenges
4.4.4.1. Lack of standardization for the implementation of smart mining solutions and equipment
4.5. Porter’s Five Forces Analysis
4.5.1. Threat of New Entrants
4.5.2. Threat of Substitutes
4.5.3. Bargaining Power of Customers
4.5.4. Bargaining Power of Suppliers
4.5.5. Industry Rivalry

Continued…

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