Overview
Several enterprises are adopting automation to enhance productivity. Automated equipment requires high capital expenditure and can cost millions of dollars for design, fabrication, and installation, depending on the degree of automation. Many enterprises are expected to adopt industrial robots due to the trend of automation and innovative technological advancements. The global mining automation market is growing at a significant rate and this trend is expected to continue during the forecast period. The key players operating in the Mining Automation Market are heavily investing in acquiring the latest and advanced process control technologies from key players. Mining automation provides various services and solutions to increase product quality and quantity and reliability while reducing design and production costs by adopting new integrated services and solutions. Mining automation uses various components to have control of various operations of an industry without meaningful intervention from humans to provide automatic control performance. Emerson Electric Co. is a leading manufacturer of process control systems, valves, and analytical instruments. Emerson’s biggest advantage is its wide range of automation solutions and skilled workforce. Other companies are also providing a wide range of solutions related to automation, thereby contributing to generating high market value for the mining automation market.
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Key Players
The Key Players in the mining automation market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are MST Global, ABB Limited, Komatsu Limited, Hexagon AB, Hitachi Limited, Trimble Inc, Rockwell Automation, Emerson Electric Co, Mitsubishi Electric Corporation, Schneider Electric SE, Wabtec Corporation, Honeywell International Inc, Siemens AG, Atlas Copco AB, Caterpillar Inc, Sandvik AB, Yokogawa Electric Corporation, among others. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 35–40% in the mining automation market.
Segmentation
The MRFR report offers an inclusive segmental analysis of the global mining automation market report based on operation and offering.
By offering, the global mining automation market is segmented into hardware, software, and communication system. The hardware segment is again segmented into tunnelling equipment, pumping nations, mining load-haul-dump (LHD), autonomous drilling rig, autonomous mining truck, and others. The software segment is again segmented into temperature monitoring system, remote operations and monitoring, workforce management, fleet management, and others. The communication systems segment is segmented into wireless mesh networks, navigation systems, and others. Of these, the software segment will lead the market over the forecast period.
By operation, the global mining automation market is segmented into mining process, management, and development. The mining process segment is segmented into autonomous drilling and autonomous haulage. The maintenance is segmented into mine dewatering and HVAC. The development segment is segmented into access road construction, tunnel boring, and others. Of these, the mining process segment will dominate the market over the forecast period.
Mining Automation Market - Regional Analysis
Based on the region, the global mining automation market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). Of these, North America will spearhead the market over the forecast period. Growth of autonomous haulage and trucks, drilling segments, strict government regulations with regards to worker safety, growing adoption of industrial robotics, adoption of automation in water treatment and mining, mineral processing, and metals, and presence of foreign developers of automation solutions that operate from Canada are adding to the global mining automation market growth in the region.
The global mining automation market in the APAC region is predicted to have healthy growth over the forecast period. The presence of emerging economies like South Korea, China, and India, the growing infrastructure of IT technology, and increasing use of remote-controlled equipment and robots are adding to the global mining automation market growth in the region.
The global mining automation market in Europe is predicted to have admirable growth over the forecast period. Booming utility, energy, manufacturing, automotive, and transport sectors, use of 5G in the mining industry, increasing use in the mining sector, and strategic partnerships amid key manufacturers are adding to the global mining automation market growth in the region.
The global mining automation market in the RoW is predicted to have sound growth over the forecast period.
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