DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/h9lfv9/global) has announced the addition of the "Global Underground Mining Equipment Market 2015-2019" report to their offering.
The global underground mining equipment market to grow at a CAGR of 4.04% over the period 2014-2019.
Global Underground Mining Equipment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Coal, mineral, and metal mining activities consume a high amount of energy. Energy costs account for more than 10%-15% of the total production cost in the mining industry. Many mining equipment vendors are striving to manufacture energy-efficient mining equipment. Energy-saving policies implemented by countries worldwide also create a demand for advanced energy-saving mining equipment for transportation, excavation, washing, and screening processes.
According to the report, growth in the construction industry, stemming from the widespread infrastructure development initiatives worldwide, is a driving force for cement industry. The cement industry growth has paved the way for coal mining activities. China is the largest cement producer in the world, and dominated the industry in 2014. Coal is an important raw material for cement production, as nearly 210 kg of coal is required to produce one ton of cement.
Further, the report states that countries worldwide are passing stringent emission and industrial regulations on the use of coal for energy production. Coal mining consumes a large amount of energy and emits GHG gasses, such as carbon monoxide and other pollutants.
- Joy Global
Other prominent vendors
- Boart Longyear
- Doosan Infracore
- Hitachi Construction Machinery
For more information visit http://www.researchandmarkets.com/research/h9lfv9/global