Wilmington, Delaware, United States, March 22, 2017 (GLOBE NEWSWIRE) -- The report “Smart Mining Market by Hardware Component (Sensors, RFID tags, Intelligent Systems), System & Solution (Logistics Software, Data & Operation Management Software, Safety & Security Systems, Connectivity Solutions, Analytics Solutions, Remote Management Solutions, Asset Management Solutions), Service (Support & Maintenance, System Integration, Consulting Services) - Global Opportunity Analysis and Industry Forecast 2022”, available on MarketIntelReports, estimates that the market will register a CAGR of 14.9% till 2022.
Browse numerous Market Tables as well as Figures which are spread through 180 Pages and an in-depth TOC on the “Smart Mining Market Forecast 2022” http://www.marketintelreports.com/report/co%20161596/smart-mining-market-by-hardware-component-sensors-rfid-tags-intelligent-systems-system--solution-logistics-software-data--operation-management-software-safety--security-systems-connectivity-solutions-analytics-solutions-remote-management-solutions-asset-management-solutions-service-support--maintenance-system-integration-consulting-services--global-opportunity-analysis-and-industry-forecast-2014--2022
Scope & Regional Forecast of the Smart Mining Market
Smart mining refers to the use of information, autonomy, and technology to gain better productivity, safety, and reduce operational costs for a mine site. Mining companies focus to improve the productivity by offering innovative software & solutions. Smart mining also includes remote-controlled robotic machinery for mineral extraction, which is referred to as telerobotic mining and reduces the risk for miners. Caterpillar uses robots at Gabriela Mistral mine in Antofagasta to enrich the efficiency of maintenance services.
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Increased focus on safety & health, accelerating adoption of IoT (internet of things) solutions, and rise in adoption of autonomous equipment drives the market growth. However, absence of highly skilled and qualified labor, availability of poor infrastructure and government regulations concerning air, water and overall environment quality restrict the headway. Nonetheless, plant automation and upsurge in digital mining concepts are expected to strengthen the growth. Smart mining market generated a revenue of $5,328 million in 2014 and is expected to reach a market value of $15,837 million by 2022 with a CAGR of 14.9%.
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Prominent Segmentations Involved in the Smart Mining Market
The Smart Mining Market can be broken down into various segmentations on the basis of -
- Type: Underground Mining and Surface Mining (Open Pit Mining or Open Cast Mining).
- Automated Equipment: Excavator, Robotic Truck, Driller & Braker, Load Haul Dump and Other Automated Equipment.
- Hardware: RFID Tags, Sensor, Intelligent System, Others.
- Software & Solution: Smart Safety & Security System, Logistics Software, Asset Performance Management Solution, Remote Management Solutions, Data and Operation Management Solutions, Connectivity Solutions and Analytics Solutions.
- Services: Support and Maintenance, Consulting Services and System Integration.
- Geographical Location: North America, Europe, Asia-Pacific and LAMEA.
Some of the sample companies profiled in the Smart Mining Market report are as follows:
- ABB Group
- Rockwell Automation, Inc.
- Komatsu Ltd.
- Trimble Navigation Limited
- Alastri, Caterpillar Inc.
- Hitachi Construction Machinery Co., Ltd.
Why buy this report?
- Get a detailed picture of the Smart Mining Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market’s major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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