Mining Automation Market In-Depth Analysis & Global Forecast to 2027 | Impact of COVID-19

 Overview

Several enterprises are adopting automation to enhance productivity. Automated equipment requires high capital expenditure and can cost millions of dollars for design, fabrication, and installation, depending on the degree of automation. Many enterprises are expected to adopt industrial robots due to the trend of automation and innovative technological advancements. The global mining automation market is growing at a significant rate and this trend is expected to continue during the forecast period. The key players operating in the Mining Automation Market are heavily investing in acquiring the latest and advanced process control technologies from key players. Mining automation provides various services and solutions to increase product quality and quantity and reliability while reducing design and production costs by adopting new integrated services and solutions. Mining automation uses various components to have control of various operations of an industry without meaningful intervention from humans to provide automatic control performance. Emerson Electric Co. is a leading manufacturer of process control systems, valves, and analytical instruments. Emerson’s biggest advantage is its wide range of automation solutions and skilled workforce. Other companies are also providing a wide range of solutions related to automation, thereby contributing to generating high market value for the mining automation market.

Key Players

The Key Players in the mining automation market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are MST Global, ABB Limited, Komatsu Limited, Hexagon AB, Hitachi Limited, Trimble Inc, Rockwell Automation, Emerson Electric Co, Mitsubishi Electric Corporation, Schneider Electric SE, Wabtec Corporation, Honeywell International Inc, Siemens AG, Atlas Copco AB, Caterpillar Inc, Sandvik AB, Yokogawa Electric Corporation, among others. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 35–40% in the mining automation market.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8666

Segmentation

The Global Mining Automation Market has been segmented based on offering, operation, and region.

By offering, the market has been segmented into hardware (autonomous mining truck, autonomous drilling rig, mining load-haul-dump (LHD), pumping stations, tunneling equipment, others), software (fleet management, workforce management, remote operations and monitoring, temperature monitoring system, others), communication system (navigation systems, wireless mesh networks, others)

By operation, the market has been segmented into mining process (autonomous haulage, autonomous drilling), maintenance (HVAC, mine dewatering), development (tunnel boring, access road construction, others)

By region, the mining automation market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Mining Automation Market - Regional Analysis

For the study of the mining automation market, several primaries and secondary research were conducted which helped us analyze the market for major regions such as North Americ, Europe, Asia-Pacific, and the rest of the world. Companies such as Kuka AG, Rockwell Automation, General Electric, and Mitsubishi Electric, having a huge customer base in each region and providing a wide portfolio for mining automation solutions helped us to understand that North America dominated the mining automation market, especially the US. The growth of the autonomous trucks and autonomous haulage and drilling segments and stringent government regulations regarding worker safety help boost the growth of mining automation in the country. In Canada, the increased adoption of industrial robotics, the adoption of automation in mining and water treatment, metals and mineral processing, and the presence of foreign developers of automation solutions operating from Canada help towards the growth of the mining automation market in Canada.

On the other hand, the Asia-Pacific region is expected to showcase the highest CAGR during the forecast period. Emerging economies such as China, India, and South Korea contribute highly towards the growth of the mining automation market. China is among the largest industrial robot market with a ratio of 68 industrial robots per 10,000 employees. The government of China is also favorable for the manufacturing of industrial robots with an increase in unit sales which indirectly increases the market for mining automation.

Get Complete Report @ https://www.marketresearchfuture.com/reports/mining-automation-market-8666

Comments

Post a Comment

Popular posts from this blog

Intelligent Sensor Market Size, Share, Competitive Analysis, Research Methodology, Rapid Growth and Fast Forward Research till 2027 | Impact of COVID-19

  Market synopsis According to MRFR, the Global Intelligent Sensor Market Size 2020, is poised to develop from USD 18 billion in 2017, to USD 47.20 billion by 2023, at a CAGR of 18.20% during the forecast period. Market Highlights The key factors driving the growth of smart sensor markets are the growing use of sensors in various vertical industries, such as consumer electronics , automotive, logistics, defense and healthcare. For intelligent devices, the sector such as telecommunications, data processing, and electronics is approaching because a large amount of energy is being saved. The automobile industry has seen tremendous successes, from the manual transmission to fully automated vehicles. The new trend is the driverless car, and with the aid of an intelligent sensor, key players like Google Inc, Volvo, Toyota and Mercedes create less car for the drivers. Of which the market is dominated by the LiDAR and vision base sensor. At the end of 2023 the driverless car is expected to be
Read more

Screenless Display Market Growth, Future Scope, Challenges, Opportunities, Trends, Outlook And Forecast To 2027 | Impact of COVID-19

  Market Highlights In this rapidly changing world of technology, screenless display market is projected to show major growth prospects during the forecast period. Major factor driving the screenless display market is the increasing adoption of interactive displays in order to enhance customer service experience. Changing consumer preferences is another major factor responsible for driving the growth of screenless display market. The global  Screenless Display Market Size  is expected to grow at approx. USD 1,654 Million by 2023, at 32% of CAGR between 2018 and 2023. The global screenless display market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the screenless display market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of screenless display market. This is owing to the presence
Read more

Organic Semiconductor Market Trends, Size, Segments, Emerging Technologies and Market Growth by Forecast to 2027 | Impact of COVID-19

  The global organic semiconductor market is growing rapidly. The market rise attributes to the increasing uses of organic semiconductors in organic photovoltaic (OPV), OLED lighting, printed batteries, organic RFID tags, and display applications. Besides, the rising production of electronic components, such as light-emitting diodes, solar cells, and transistors, increases the organic semiconductor market size. With the rising demand for organic semiconductors and nanomaterials, the market is projected to witness significant traction in the future. In this regard Market Research Future (MRFR) states that the global organic semiconductor market is poised to garner exponential valuation by 2027, registering an impressive CAGR during the assessment period (2020–2027).  Get Sample of Report @  https://www.marketresearchfuture.com/sample_request/8069 Miniaturized Organic Semiconductors are Trending Over the last couple of years,  Organic Semiconductor Market Forecast  has evolved dramatical
Read more