DUBLIN--(BUSINESS WIRE)--The "Smart Mining Market, By Type, By Solution, By Service, By Regions - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The smart mining industry looks into three major areas in the mining industry. Virtualization technologies allow miners to mine from multiple locations while maintaining operational costs at the same time. Software solutions are used to maintain overall security. Lastly, the algorithms used by these mining companies to help them in finding areas that have lower levels of security to reduce operational costs.
These types of mining operations are a very feasible way for smaller companies to mine efficiently and at a lower cost. They also provide an added level of security. As technology continues to improve and new mines are found, it is expected that these operations will only continue to grow.
Market Dynamics
Growing emphasis on worker safety & health is expected to boost the global smart mining market growth over the forecast period. Governments of many countries have implemented stringent norms with major focus on workers' safety and health. This has compelled mining companies to provide adequate safety equipment and emergency services for workers. Smart mining plays a key role in maintaining the safety and health of mine workers with the help of connected devices and data analytics leveraging IoT devices. Furthermore, fluctuation in commodity prices is expected to propel the global smart mining market.
Key features of the study:
- This report provides in-depth analysis of the smart mining market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global smart mining market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include ABB Ltd., Komatsu Ltd., Sandvik Mining and Construction, Atlas Copco, Alcatel-Lucent, Caterpillar Inc., Cisco Systems Inc., Hitachi Construction Machinery Co. Ltd., Outotec Oyj, and Joy Global Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global smart mining market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart mining market
Global Smart Mining Market By Type:
- Automated Equipment
- Driller & Breaker
- Load Haul Dump (LHD)
- Mining Excavator
- Robotic Truck
- Other Equipment
- Component
- Hardware
- Solution
- Service
- Global Smart Mining Market By Solution
- Data & Operation Management Software
- Analytics Solution
- Connectivity Solution
- Other Solutions
- Global Smart Mining Market By Service
- Engineering & Maintenance
- Consulting Services
- Production Training Service
- Implementation & integration Service
Global Smart Mining Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Company Profiles
- ABB Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Komatsu Ltd.
- Sandvik Mining and Construction
- Atlas Copco, Alcatel-Lucent
- Caterpillar Inc.
- Cisco Systems Inc.
- Hitachi Construction Machinery Co. Ltd.
- Outotec Oyj
-
Joy Global Inc.
For more information about this report visit https://www.researchandmarkets.com/r/wbhzpw
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