Market Size – USD 9.05 billion in 2019, Market Growth – at a CAGR of 7.2%, Market Trend – Reduced level of pollution caused by mining
VANCOUVER, BC, CANADA, April 11, 2022 /EINPresswire.com/ — The global green mining market is expected to reach a value of USD 15.90 billion by 2027, according to current analysis by Emerging Research. The key factors driving the market are the availability of cost-effective methods for mining, increasing level of pollution, and increasing need to maintain ecological balance. Surface mining is often preferred over underground mining by mining companies for several reasons. The surface mining technique is less expensive; it is also a safe method of mining. Surface mining has five subtypes including surface mining, surface mining, dredging, high wall mining, and mountain top mining. Surface mining is the most commonly used surface mining technique. The pit or hole in surface mining is created by blasting explosives and drilling. Surface mining is mainly used to extract gravel, sand and even rock.
Key Players/Manufacturers profiled in the report are:
BHP Billiton, TATA Steel, Anglo American, Glencore, Dundee Precious, Rio Tinto, Freeport-McMoRan, Shandong Gold Mining Co. Ltd, Jiangxi Copper Corporation and Doosan Infracore
The current COVID-19 pandemic is expected to have an effect on the growth of the green mining industry primarily due to movement restrictions and the impact on supply and demand due to shutdowns. The COVID-19 pandemic has affected several sectors of the global market, and the green mining sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in demand will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall green mining industry.
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Other key findings from the report suggest:
In June 2019, TATA Steel completed the acquisition of Bhushan Energy (India). The National Company Law Court has approved the acquisition plan. This acquisition would help TATA Steel maintain its reputation globally.
North America is a major market for green mining. The increase in the number of environmental protection awareness projects is creating a positive impact among the consumers who are now changing their demands for the products made from the green mining method. . The United States is expected to hold a substantial market share in the region over the forecast period.
Power reduction is the most preferable technology in green mining. Improving milling energy efficiency is essential for mining organizations that want to stay in the competitive global marketplace. The power reduction segment is expected to register a growth rate of 8.2% during the forecast period.
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For the purposes of this report, Emergen Research has segmented the global green mining market based on mining technique, technology, and region as follows:
Mining Technique Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017-2027)
Surface mining technique
Underground mining technique
Technology Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017-2027)
Reduction of emissions
Reduced fuel and maintenance
The global green mining market is further analyzed in major geographical locations where the market has expanded to significant size. The main regions analyzed are North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The report offers country-wise analysis to provide a comprehensive analysis of the Green Mining market in terms of production and consumption patterns, supply/demand ratio, import/export, revenue contribution, trends and market presence. leading players in each region.
Researchers have examined all factors influencing the growth of the Green Mining market on a global and regional scale. The report considers the COVID-19 pandemic as one of the major factors influencing the green mining market. The pandemic has disrupted the supply chains and economic scenario of the market and hampered the growth of the market. The report examines in detail the overall impact of the COVID-19 pandemic on the green mining market and its key segments. The report also offers current and future impact of the COVID-19 pandemic on the market.
The regional analysis covers:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
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The report offers insightful insights into the Green Mining market dynamics. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Green Mining market, competitive landscape, factors affecting it, and to predict the growth of the industry. . It also offers the impact of various market factors along with the effects of regulatory framework on the growth of the Green Mining market.
Key benefits of the report:
Complete analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s five forces analysis
In-depth 8-year analysis of the global green mining market
Critical assessment of key market segments
Comprehensive analysis of drivers, constraints, trends and opportunities
Detailed regional analysis and comprehensive company profiling
In-depth assessment of current and emerging market trends
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