close
test_template

The Global Mining Automation Market

About this sample

About this sample

close

Words: 438 |

Page: 1|

3 min read

Published: Jan 15, 2019

Words: 438|Page: 1|3 min read

Published: Jan 15, 2019

The global mining automation market is expected to grow at a steady rate during the forecast period. Growing requirement for improving productivity, surging need for worker safety, and the reduction in operating costs are the key factors driving the growth of mining automation market. Moreover, globalization of economics and increasing digitalization of mines further impels the mining automation market growth. Integration of information and operational technologies enables the mining companies to improve mining performances. The key restraints that may hamper the growth of mining automation market are the depletion of natural resources and the reduction in grades at mine sites.

'Why Violent Video Games Shouldn't Be Banned'?

Mining is a process of extracting the mineral and other raw materials from the earth’s crust. Mining technique is divided into two excavation types: surface mining and sub-surface (underground) mining. Underground mining is considered to be more precarious than surface mining due to potential dangers such as adverse health effects, release of toxic gases, collapse, and others. Lack of proper ventilation in sub-surface mining may sometimes led to suffocation. Mining process involves drilling, blasting, loading, hauling and transporting. Automated mining systems have been deployed at a huge rate in underground mines to safeguard mine workers. Applications offered by mining automation market are extraction, transportation, beneficiation, instrumentation, power distribution, and services. Precise measurement, quality, high reliability, optimized processes and monitoring are some of the factors which contribute to environmental protection in global mining automation market.

The global mining automation market is segmented on the basis of technique, type, workflow, and geography. Based on techniques, the global mining automation market is bifurcated into surface mining technique and underground mining technique. The underground mining technique holds the largest mining automation market share, globally. The necessity for advanced automated mining equipment is more for underground mining due to its harmful health effects. On the basis of type, mining automation market is segmented into software, equipment, and communication system.

Workflow segment is divided into mining process, mine maintenance, and mine development. The Hauling mining process segment is attributed for the largest market share. By automating the haulage processes inside a mine contributes certain advantages such as reduced maintenance cost, improved safety and productivity, efficient fuel consumption, and lesser downtime.

Based on geography, the global mining automation market is segmented into North America, Europe, Asia-Pacific (APAC), and Rest of the World. APAC holds the largest share of the mining automation market. This trend owes to the increased use of automated mining equipment globally.

Get a custom paper now from our expert writers.

Key players operating in the global mining automation market are Autonomous Solutions Inc., Atlas Copco, Caterpillar, Hitachi, Hexagon, Komatsu, RPMGlobal, Sandvik, MST Global, Trimble, Fluidmesh Networks, Remote Control Technologies, Micromine, Volvo Group, and Symboticware, among others.

Image of Prof. Linda Burke
This essay was reviewed by
Prof. Linda Burke

Cite this Essay

The Global Mining Automation Market. (2019, January 15). GradesFixer. Retrieved February 22, 2024, from https://gradesfixer.com/free-essay-examples/the-global-mining-automation-market/
“The Global Mining Automation Market.” GradesFixer, 15 Jan. 2019, gradesfixer.com/free-essay-examples/the-global-mining-automation-market/
The Global Mining Automation Market. [online]. Available at: <https://gradesfixer.com/free-essay-examples/the-global-mining-automation-market/> [Accessed 22 Feb. 2024].
The Global Mining Automation Market [Internet]. GradesFixer. 2019 Jan 15 [cited 2024 Feb 22]. Available from: https://gradesfixer.com/free-essay-examples/the-global-mining-automation-market/
copy
Keep in mind: This sample was shared by another student.
  • 450+ experts on 30 subjects ready to help
  • Custom essay delivered in as few as 3 hours
Write my essay

Still can’t find what you need?

Browse our vast selection of original essay samples, each expertly formatted and styled

close

Where do you want us to send this sample?

    By clicking “Continue”, you agree to our terms of service and privacy policy.

    close

    Be careful. This essay is not unique

    This essay was donated by a student and is likely to have been used and submitted before

    Download this Sample

    Free samples may contain mistakes and not unique parts

    close

    Sorry, we could not paraphrase this essay. Our professional writers can rewrite it and get you a unique paper.

    close

    Thanks!

    Please check your inbox.

    We can write you a custom essay that will follow your exact instructions and meet the deadlines. Let's fix your grades together!

    clock-banner-side

    Get Your
    Personalized Essay in 3 Hours or Less!

    exit-popup-close
    We can help you get a better grade and deliver your task on time!
    • Instructions Followed To The Letter
    • Deadlines Met At Every Stage
    • Unique And Plagiarism Free
    Order your paper now