Mining Automation Market is Estimated to Register a CAGR of 7.20% to Reach USD 12.3 Billion by 2030 | MST Global, ABB Limited, Yokogawa Electric Corporation

Mining Automation Market Insights

Mining Automation Market is valued at $12.3 Billion with a CAGR estimation of 7.20% for the forecasted period 2022-30.

The reason behind this Mining Automation Market is because the labors in the mining industry would be replaced by Mining Automation, by this the productivity, efficiency & the safety would increase. Also with this automation, the labor cost will be reduced. In the upcoming years this mining Automation is expected to grow in various industries.

Focusing on Covid-19, where all the industries from agriculture to defense sector have been badly depreciated. In this mining industry, there were massive losses in the labor intensive mining market. But with this mining Automation has become more favorable in response to Covid-19. Instead of human labor, the market has been more focused on equipment & software.

In a nutshell, this pandemic has become a boon for the mining industry.

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Mining Automation Market Key players

The prominent giant players in this Mining Automation Market are played by the 17 companies. In order to get more clarification here are the above-listed companies such as-

• 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 IncSandvik AB
• Yokogawa Electric Corporation

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All the above listed companies’ motive is to provide autonomous solutions by increasing productivity & cost efficiency to the mining operations. Their products mainly include tele-remote operation, AHS, and ADS solutions.

Mining Automation Market Regional analysis

The Mining Automation industry is divided majorly into 3 areas i.e  Asia Pacific, North America, and Europe.

From this, the automation market has been dominated by Asia Pacific. And market a revenue share of over 39.0% in 2021. This happens because of an increase in the acquisition of automation technology in Australia. Australian Country has been a witness for the use of Robots  & Remote controlled equipment for the efficient & safe extraction of minerals.

Europe is the next market key player, because of an increase in the exploration activities in this sector.

In addition to this, North America is expected to dominate in the forecasted period because of the high growth potential in the U.S. and Canada.

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Mining Automation Market Segmentation

The mining Automation Market has been fragmented into 3 parts. One is by offering, then by operations & then by the Region.

Each one of the parts is further Segmented into sub-segments. In case of offering, it is based on Communication System, Hardware & Software. Based on operations, the market has been fragmented into Development, maintenance & Mining process. Lastly, on the basis of region the Market has been further classified into North America, Europe, Asia Pacific & Rest of The World (Row) the reason for this segmentation is stated above.

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