DUBLIN--(BUSINESS WIRE)--The "Mine Ventilation Market by Offering (Equipment (Ventilation, Heating, Cooling), Software, and Services), Technique (Underground Mining, Surface Mining), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Mine ventilation market to exhibit significant growth during 2019-2024
The key factors driving the growth of the market include the requirement for optimized and quality airflow in mines and a rise in number of infrastructure development projects. However, depletion of natural resources and electrification of mine equipment and machinery is restraining the market growth.
Equipment to lead overall mine ventilation market during forecast period
Productivity and safety are the main priorities of any mine operator. Equipment such as fans, air coolers, and heaters are contributing to the growth of the market. These equipment are used in mines for maintaining safe and comfortable working conditions for the miners.
Underground mining market to grow at highest CAGR during forecast period
An underground mining technique is used to extract the mineral and ore deposits, which are buried deep under the earth's crust. The primary objective of operating an underground mine is to extract the maximum amount of ore with a minimum tailing. However, underground mining is considered more dangerous than surface mining due to potential dangers such as the adverse health effects, collapse, and the release of toxic gases and the lack of proper ventilation, which results in suffocation. Thus, mine ventilation systems are required to provide a flow of air to the underground workings of a mine in sufficient volume to dilute and remove dust and noxious gases; and regulate temperature.
Asia Pacific to be largest and fastest-growing mine ventilation market during forecast period
The region has abundant natural reserves in the form of iron ore, copper, gold, silver, zinc, and magnesium. Australia, China, and India are the major countries wherein mining is done. The region has witnessed growth in mining operations due to increasing demand for raw materials from various manufacturing industries. With the growing mining operations, the mine operating companies have increased demand for mine ventilation systems in APAC.
Reasons to buy the report:
- Illustrative segmentation, analysis, and forecast for markets based on offering, technique, and region have been conducted to give an overall view of the mine ventilation market.
- The value chain analysis has been performed to provide an in-depth insight into the mine ventilation.
- Major drivers, restraints, opportunities, and challenges for the mine ventilation market have been detailed in this report.
- The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenue of key players.
Key Topics Covered:
1 Introduction
1.1 Study Objectives
1.2 Market Definition and Scope
1.3 Inclusions and Exclusions
1.4 Study Scope
1.4.1 Markets Covered
1.4.2 Years Considered
1.5 Currency
1.6 Limitations
1.7 Market Stakeholders
2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Mine Ventilation Market, 2019-2024 (USD Million)
4.2 Market, By Offering
4.3 Mine Ventilation Equipment Market, By Type
4.4 Market, By Technique and Region
4.5 Market, By Geography
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.4 Restraints
5.5 Opportunities
5.7 Challenges
5.8 Value Chain Analysis
6 Mine Ventilation Market, By Equipment
6.1 Introduction
6.2 Equipment
6.3 Software
6.4 Services
7 Mine Ventilation Market, By Technique
7.1 Introduction
7.2 Underground Mining
7.3 Surface Mining
8 Geographic Analysis
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia Pacific
8.5 RoW
9 Competitive Landscape
9.1 Overview
9.2 Ranking of Players in Market
9.3 Microquadrants Overview
9.3.1 Visionaries
9.3.2 Dynamic Differentiators
9.3.3 Innovators
9.3.4 Emerging Companies
9.5 Competitive Situations & Trends
9.5.1 Product Launches
10 Company Profiles
10.1 Key Players
10.1.1 ABB
10.1.1.1 Business Overview
10.1.1.2 Products Offered
10.1.1.3 Recent Developments
10.1.1.4 SWOT Analysis
10.1.2 Epiroc
10.1.3 Howden
10.1.4 Stantec
10.1.5 Twin City Fan
10.1.6 ABC Industries
10.1.7 Chicago Blowers
10.1.8 DMT
10.1.9 TLT Turbo
10.1.10 New York Blower Company
10.1.11 Zitron
10.2 Right to Win
10.3 Other Companies
10.3.1 GEFA System
10.3.2 Hurley Ventilation
10.3.3 Sibenergomash
10.3.4 BBE Consulting
10.3.5 Schauenburg Industries
10.3.6 Stiavelli
10.3.7 ABC Ventilation Systems
10.3.8 Clempcorp Australia
10.3.9 Minetek
10.3.10 Zibo Fans
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