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.
To Request a Sample of our Report on Global Mining Equipment Market: 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.
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
(Get 15% Discount on Buying this Report)
A full Report of Global Mining Equipment Market is Available at: https://www.omrglobal.com/industry-reports/mining-equipment-market
Recent Strategic Initiatives in the Global Mining Equipment Market
- In December 2020, Doosan Infracore North America increased its excavator series with its largest model yet. This named Doosan DX800LC-7 excavator augments the footprint of the company in the aggregate mining industry. The excavator size of the crawler makes it suitable for pit and quarry customers. In addition, it is also suitable as a large machine for heavy infrastructure and construction activities. It can efficiently load large amounts of material and eliminate overburden into trucks at quarries.
- In February 2020, FLSmidth received an order from Slavkaliy for delivering equipment to a new potassium mining and processing facility in Belarus. The company will deliver liquid-solid separation equipment islands to Slavkaliy for a new facility in the Nezhinsky area of the Starobinskoye potassium salt deposits in Belarus. The liquid-solid separation equipment islands comprise a significant number of thickener and clarifier, pan- and horizontal belt filter packages.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How COVID-19 impacted the market?
Ø Recovery Timeline
Ø Deviation from the pre-COVID forecast
Ø Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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
Global Mining Equipment Market– Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of The World
Company Profiles
- AB Volvo
- Astec Industries, Inc.
- Bell Equipment, Ltd.
- Boart Longyear, Ltd.
- China Coal Energy Co., Ltd.
- CNH Industrial N.V.
- Corum Group
- Epiroc AB
- Famur SA
- FLSmidth A/S
- Furukawa Co. Ltd.
- Hitachi Constructioxn Machinery Co., Ltd.
- Hyundai Heavy Industries Holdings Co., Ltd.
- JCB Sales, Ltd.
- John Deere
- Metso Outotec Corp.
- Northern Heavy Industries Group Co., Ltd.
- RCR Tomlinson, Ltd.
- Sandvik AB
- Sany Group
- Thyssenkrupp AG
- Zhengzhou Coal Mine Machinery Group Ltd. (ZMJ Group)
Reasons to Buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/mining-equipment-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
