The global mining equipment market is estimated to grow at a CAGR of 4.6% during the forecast period. Rising demand for electric machinery in underground mining is one of the key factors accelerating market growth. In July 2020, Sandvik expects southern African mines to witness more interest in battery-powered, electric underground drill rigs owing to their environmental benefits and operating efficiency. The major advantages of the battery concept in underground drill rigs include much less heat and zero emissions, which makes it suitable for healthier and safer working conditions.
(Get 15% Discount on Buying this Report)
Get Report Sample Copy @ https://www.omrglobal.com/request-sample/mining-equipment-market
Several other benefits of this technology comprise augmented drilling productivity, better energy efficiency, and decreased operating costs. Sandvik has been witnessing the popularity of its DD422iE rig in southern Africa, which has been in development for 3 years across countries having strict anti-pollution regulations including Canada. The DD422iE utilizes an electric driveline along with an electric motor that is mechanically connected to axles. The power system of the rig draws from its batteries at the time of peak loads to produce a 20% rise in drilling power. However, no waiting time is required for batteries since they are charged during drilling cycle phases when there is a low power intake.
A Full Report of Global Mining Equipment Market is Available at: https://www.omrglobal.com/industry-reports/mining-equipment-market
Scope of the Global Mining Equipment Market
Market Coverage
- The market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type and Application
- Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World
- Competitive Landscape- Caterpillar Inc., Atlas Copco AB, Liebherr Group, Komatsu Ltd., and Sandvik AB
Global Mining Equipment Market-Segmentation
By Type
- Surface Mining Equipment
- Mineral Processing Equipment
- Underground Mining Equipment
By Application
- Coal Mining
- Metal Mining
- Non-Metal Mining
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
