Smart Mining Market Expected to Post 16.3% CAGR by 2028 | ABB Ltd., Komatsu Ltd., Atlas Copco, Alcatel-Lucent

NEW JERSEY, USA, November 24, 2021 / – Description

CMI’s “Global Smart Mining Market Size, Status, and Forecast 2027” “study provides an overview of the global Smart Mining market. This section sheds light on key impact factors and restraints limiting the expansion. It enables people to understand various flaws and how they can hinder future growth. This section is one of the most important of the report as it explains how many macro and micro factors affect growth. The research also examines the role of several sectors in expansion, including small and large scale operations In addition, industry experts presented current trends and prospects that are expected to drive growth in the years to come.

The global smart mining market is estimated to be worth US $ 15,119.7 million in 2021 and is expected to grow at a CAGR of 16.3% during the forecast period (2021-2028).

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The growing integration of the supply chain in the mining industry can present significant opportunities. Mining companies focus on transforming conventional supply chain management into an integrated supply chain network, in order to achieve real-time control and visibility of logistics procedures and also to minimize downtime. losses of raw materials by improving the management of raw materials. In addition, mining companies are increasingly deploying supply chain solutions to ensure better coordination between all nodes in the supply chain, thus helping mining companies to respond to suppliers, customers and the market in real time.

Profiling of some market giants:

ABB Ltd., Komatsu Ltd., Sandvik Mining and Construction, Atlas Copco, Alcatel-Lucent, Caterpillar Inc., Cisco Systems Inc., Hitachi Construction Machinery Co. Ltd., Outotec Oyj and Joy Global Inc.

Segment analysis

Product and application segments were included in the study. All articles in the Smart Mining market today have been recorded by researchers. They also shed light on new versions and product advancements from important players. The researchers provided revenue forecast figures for the period 2021-2027 in the segmental study, by type and application. They also talked about the growth rate and potential of each segment from 2021 to 2027.

Smart Mining Market Segmentation:

By type
Automated equipment (driller and hammer, load unloader (LHD), mining excavator, robotic truck, other equipment)
Component (Material, Solution, Service)

By solution
Data and operations management software
Analysis solution
Connectivity solution
Other solutions

By service
Engineering & Maintenance
Consulting services
Production training service
Implementation and integration service

Regional analysis

Among the major regions studied in the research report are North America, Europe, Asia Pacific, Central and South America, as well as the Middle East and Africa. Experts in this section of the research have looked at a number of sectors that are contributing to development and may offer profitable growth opportunities for manufacturers in the years to come. The research also includes sales and revenue forecast data for the years 2021-2027 by area and country.

Global Smart Mining Market: Recent Developments

In August 2021, Komatsu, a Japan-based company, launched a new vision of intelligent mining of the Modular Mining open technology platform for customers, in which mining environments are linked, interoperable ecosystems that bring together the customer’s preferred equipment and technologies.
In April 2021, Outotec Oyj, a company based in Europe, introduced a complete new line of smart and sustainable mining filtration solutions such as pressure filters, vacuum filters and polishing filters.
In May 2020, Caterpillar, a US-based company, launched the MineStar Edge mine management technology platform. MineStar Edge uses cloud computing and technologies such as data fusion, machine learning and artificial intelligence to identify patterns and learn how to make the decisions best suited to the demands of a mining operation.
In 2019, ABB Ltd. has launched a revolutionary digital application for real-time integration in surface and underground mines. In collaboration with Boliden AB and Arcelor Mittal Mining Canada, the company has developed the ABB Ability Operations Management System for Mining (OMS).
Large companies in the market are focusing on product launches in order to improve their product portfolio. For example, in March 2020, Sandvik Mining and Construction launched AutoMine for trucks to facilitate the transport of unmanned trucks.
Key players involved in the expansion of activities and capacities, in order to obtain a market of competitive advantage. For example, in April 2017, Atlas Copco inaugurated a new manufacturing facility in Hyderabad, India.

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