New York, NY -- (SBWire) -- 05/28/2019 --The full report also contains additional breakdowns by region and select countries (North America: the U.S., Canada; Europe: Germany, the U.K., France, Italy, Rest of Europe; Asia-Pacific: China, India, Australia, Indonesia and Rest of Australia; and South America: Brazil, Argentina, Rest of South America), five technology categories (i.e., overburden removal equipment, ore extraction equipment, ore transport equipment, crushing and sorting equipment, and automated mining controls), and four applications categories (i.e., remote control mining technologies, driver-assist systems, teleoperated mining technologies, fully automated mining technologies).
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Major players in Mining Automation market are:
AB PRECISION (POOLE) LTD., ABB LTD., ACCENTURE, AKER WIRTH, ATLAS COPCO, BENTEK SYSTEMS, BHP, CATERPILLAR, CISCO SYSTEMS, CODELCO, DASSAULT SYSTEMES, DATAMINECO., FLANDERS INC., FLUIDMESH NETWORKS, FURUKAWA ROCK DRILL CO., GE AUTOMATION, HEXAGON, HITACHI CONSTRUCTION , MACHINERY, HONEYWELL, IBM ROBOTIC PROCESS , AUTOMATION, IMP AUTOMATION, KENNAMETAL, KOMATSU, METSO, MICROMINEGLOBAL, MOTION METRICS, NEWMONT MINING, OMEGA INDUSTRIES, REMOTE CONTROL , TECHNOLOGIES , RIO TINTO, ROCKWELL AUTOMATION, RYONIC ROBOTICS, SANDVIK, SCHALKE EISENHUTTE, SCHLUMBERGER, SCHNEIDER ELECTRIC, SUNCOR ENERGY, TRIMBLE, VERMEER, VOLVO GROUP, WENCO INTERNATIONAL , MINING SYSTEMS
Summary
The summary table and figure provide an overview of market values in the global automated mining technology industry for 2017 and 2018, and then projected through 2023. The market is already experiencing significant growth, and it is poised for exceptionally strong growth within the study period. Mining automation technologies are rapidly pressing into the overall mining equipment market, an industry that carries annual revenues well above $REDACTED billion per year. Automated mining equipment still represents only a small fraction of this overall market, but it is uniquely poised for rapid growth as automated technologies and systems penetrate into and ultimately overtake the overall mining equipment market.
Based on the information and data collected in support of this study, the overall global mining automation equipment achieved an annual turnover of $REDACTED billion in 2017. By the end of 2018, market values will reach $REDACTED billion, as mining companies execute the replacement of aging equipment that they have been nursing along for several years, much of it past its typical useful lifespan. By the end of 2023, global markets will reach $REDACTED billion, achieving an exceptionally rapid compound annual growth rate (CAGR) of REDACTED. At the technology level, markets for overburden removal equipment plus ore extraction equipment will advance from $REDACTED billion in 2018 to $REDACTED billion in 2023 for a CAGR of REDACTED. Markets for ore transport, crushing and sorting, along with automated mining controls, will collectively advance from $REDACTED billion to $REDACTED billion for a CAGR of REDACTED.
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Mining Automation market segment by region/country including:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
- South America Brazil, Argentina, Colombia and Chile etc.)
- Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Report Includes:
- 53 data tables and 53 additional tables
- An overview of the global market for mining automation and technologies
- Analyses of global market trends, with data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023
- In-depth analysis of major mining automation equipment technologies
- Analyses of the market by automated equipment, sensors, and applications
- Focus on rapid growth segments within the overall mining equipment industry
- Coverage of the industry structure, including major end users and trends in price and price-performance
- Company profiles of major equipment manufacturers in the market including Accenture, CISCO Systems, Coldeco, Honeywell and Volvo Group
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Here are the questions we answer...
- What are the future opportunities in store for the vendors operating in the Mining Automation market?
- What does the competitive landscape look like?
- Which emerging technologies are believed to impact the Mining Automation market performance?
- What are the key trends and dynamics?
- Which regulations that will impact the industry?
- Which segment will offer the most opportunity for growth between 2018 and 2023?
- Where will most developments take place in the long term?
- Who are the most prominent vendors and how much market share do they occupy?
- What are the latest technologies or discoveries influencing the Mining Automation market growth worldwide?
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Mining Automation Market Upcoming Trends, Strategies Development and Forecast 2023: Top Players Accenture, CISCO Systems, Coldeco, Honeywell and Volvo Group
This report provides detailed historical analysis of global market for Mining Automation from 2013-2017, and provides extensive market forecasts from 2018-2023 by region/country and subsectors.