Press release
Mining Automation Market: Lucrative Opportunities across Globe
European Union (EU) through its Horizon 2020 and SPARC program is focusing on autonomous underground mining. SPARC program of EU is a public-private partnership (PPP) model between euRobotics and European Commission which an objective to make Europe leader in civilian robotics technology which includes mining automation.
SPARC is the largest research and development program in robotics technology in the world. SPARC program has received of ~US$ 823 (1Euro=US$ 1.18) Million funding from European Community for 2014-2020 and three times that fund from European industry (~US$ 2.5 Billion) for a total investment of ~US$ 3.3 Billion.
Mining automation including autonomous underground mining is one of key focus areas of the SPARC program. This is driving the mining automation market in Europe.
Obtain Report Details:
https://www.transparencymarketresearch.com/mining-automation-market.html
Safety of mine workers is also of paramount importance in developed and emerging countries. Mining automation which includes the use of robotics technology executes mining operation in hazardous environment ensuring worker’s safety.
One of the major mining automation firms Caterpillar based in the U.S. is expanding its mine-automation program. Use of robotics technology is also driving the mining automation market in North America and Europe. Mining firms are focused on increasing productivity of mining operations and reduce operational cost which is subsequently increasing the demand for mining automation.
A major restraint for adoption of automation in mining industry in emerging and developing countries is its huge number of working population. Mining automation reduces human involvement in mining process is expected to lead unemployment problems in Asia-Pacific (excluding Japan), Middle East and Africa and South America. The cost of labor is low in emerging and developing countries. All these factors act as a restraint for adoption of mining automation in those regions.
Global mining automation market can be segmented based on type, technique and geography. The market when segmented by type are equipment, software and communication systems. Through mining automation equipment, operators in remote control room, monitor the movements of unmanned trucks or loaders below the surface.
Request Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=34766
The market when segmented by technique are underground mining and surface mining. Underground mining refers to various mining technologies use to excavate ores containing lead, tin, nickel, zinc, copper, iron, silver, gold among othets. Surface mining also known as open-pit mining in which minerals are mined by removing soil and rock covering the minerals.
Geographically global mining automation market is classified into North America, Europe, Asia-Pacific, Middle East & Africa and South America. North America is expected to be a prominent mining automation market in the world. The U.S. is expected to be the largest market in the region followed by Canada and Mexico. Europe is expected to be the third largest producer of mining minerals after Asia-Pacific and North America.
It is also expected to be a major mining automation market in the world. The major mining automation markets in Europe are expected to be Germany, the U.K., France, Italy and Spain. Asia-Pacific is expected to be one of the largest mining automation market in the world.
China is expected to be the dominant market in the region followed by Japan, South Korea and India. Middle East & Africa is expected to be a significant major mining automation market in the world lead by Iran, Saudi Arabia, Turkey and South Africa. South America is expected to be another major mining automation market in the world lead by Brazil and followed by Argentina.
The major players operating in the mining automation market are Sandvik AB, ABB Group, Autonomous Solutions Inc., Caterpillar Inc., Komatsu Limited, Atlas Copco, Hexagon AB, Hitachi, RPMGlobal and Trimble among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Get TOC: https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=34766
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mining Automation Market: Lucrative Opportunities across Globe here
News-ID: 982214 • Views: …
More Releases from Transparency Market Research
Acute Kidney Injury Treatment Market to Reach USD 8.2 Billion by 2035, Growing a …
The global Acute Kidney Injury (AKI) Treatment Market is witnessing significant growth, driven by the rising prevalence of kidney-related disorders, increasing geriatric population, and growing awareness about early diagnosis and treatment. Acute kidney injury, formerly known as acute renal failure, is a sudden episode of kidney failure or damage that occurs within a few hours or days. It leads to the accumulation of waste products in the blood, electrolyte imbalances,…
Mining Chemicals Market Projected to Hit USD 27.8 Billion by 2035 amid Rising Me …
The global Mining Chemicals Market is experiencing robust growth, fueled by the increasing demand for minerals and metals across various industrial sectors. Mining chemicals, also known as mineral processing chemicals, play a critical role in the extraction, beneficiation, and processing of metals and minerals. They enhance efficiency, improve recovery rates, and reduce operational costs in mining operations. These chemicals include flotation reagents, leaching agents, flocculants, frothers, depressants, collectors, and pH…
Plastic Compounding Market to Reach USD 122.0 Billion by 2035, Growing at 6.1% C …
The global Plastic Compounding Market is witnessing significant growth, driven by the increasing demand for high-performance, cost-effective, and sustainable plastic materials across diverse industries. Plastic compounding involves blending polymers with additives, fillers, and reinforcements to achieve specific properties, such as enhanced strength, durability, flame retardancy, or thermal stability. This process enables manufacturers to create customized plastic solutions suitable for automotive, construction, packaging, electrical & electronics, and consumer goods applications.
The global…
Powder Metallurgy Component Market to Reach USD 69.4 Billion in 2035 amid Rising …
The global Powder Metallurgy (PM) Component Market is witnessing substantial growth, driven by the increasing demand for high-performance materials in automotive, aerospace, electronics, and industrial applications. Powder metallurgy is a versatile manufacturing process that allows the production of components with precise dimensions, superior mechanical properties, and minimal material waste.
The global Powder Metallurgy Component Market was valued at approximately USD 35.0 billion in 2024 and is projected to reach USD…
More Releases for Mining
Gold Mining Market is Booming Worldwide | Newmont Mining, Coeur Mining, Freeport …
The " Gold Mining - Market Development Outlook " Study has been added to AMA Research repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to built strong players coverage in the study. Some of the major and emerging players identified are Newmont Mining United States), Coeur Mining (United States), Freeport-McMoRan (United States), North Bloomfield Mining and Gravel…
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market…
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market…
Coal Mining Market by Mining Technology, Underground Mining and Application with …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe.
The report segments the coal mining market on the basis of mining technology, application, and geography. On the basis of mining technology, the market is bifurcated into surface mining and underground mining.
Surface…
Base Metals Mining Market in China to 2021| Zijin Mining Group Company, China Da …
Albany, NY, 1st November : Recent research and the current scenario as well as future market potential of "Base Metals Mining in China to 2021-Robust Consumption and Imports Expected in the Upcoming Years" globally.
Summary
GlobalDatas "Base Metals Mining in China to 2021", report covers comprehensive information on Chinas base metal (copper, nickel, zinc, and lead) mining industry, base metal (copper, nickel, zinc, and lead) reserves and grade, the historical and forecast…
Coal Mining Market by Mining Technology {Surface Mining (Strip Mining, Auger Min …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe.
Access Full Summary: https://www.alliedmarketresearch.com/coal-mining-market
The growth of the Asia-Pacific coal mining market is driven by increase in usage of coal in steel manufacturing and electricity generation. However, stringent government regulations towards environmental pollution due…
