The COVID-19 pandemic has disrupted the world and affected many industries. Get a detailed analysis of the impact of COVID-19 on the Smart Mining Market
PORTLAND, OR, USA, Jan 2, 2022 /EINPresswire.com/ – Smart mining technologies include hardware and software integration to improve mining productivity and reduce operational time and costs. Mining companies focus on improving productivity by providing advanced software and solutions. These software and solutions are integrated with equipment, personnel and operations to achieve increased safety and higher material extraction from mining operations. These technologies find applications in underground and surface mining operations (surface and surface).
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According to a new report released by Allied Market Research, titled “Smart Mining Market by Type and Category: Opportunity Analysis and Industry Forecast, 2020-2027″, the global smart mining market size was estimated at 9.3 billion. dollars in 2019 and is expected to reach $ 9.3 billion. reach $ 23.4 billion by 2027, growing at a CAGR of 16.3% from 2020 to 2027.
Surface mining operations primarily benefit from the use of the autonomous robotic fleet used for loading, transporting and unloading (LHD) operations. In addition, an increased awareness of the severe influences of mining atmospheres caused by UV radiation, noise, dust, chemical hazards, toxic gases and the like on mine workers results in dependence on the mine. robotic equipment. The robotic equipment allows for remote controlled operations, which eliminate the exposure of this polluted environment on the workers. This is acting as one of the major driving factors for the growth of the global smart mining market.
In addition, constant technological developments in software and solutions allow mining companies to achieve good risk management; thus reducing unforeseen expenses. For example, by integrating data analysis solutions, the sustainability, safety and profitability of the mine site can be ensured to a large extent.
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Key market players
Cisco Systems, Inc.
Robert Bosch GmbH
Rockwell Automation Inc.
Main benefits for stakeholders
The report provides in-depth analysis of current and emerging trends and dynamics in the global smart mining market.
An in-depth analysis of the global market is performed by constructing market estimations for key market segments between 2019 and 2027.
The analysis of the global smart mining market is done by tracking the positioning of key products and monitoring the major competitors within the framework of the market.
A comprehensive analysis of all regions is provided to determine existing opportunities.
The forecast analysis of the global smart mining market from 2020 to 2027 is included in the report.
Leading market players in the market are presented in this report and their strategies are thoroughly analyzed which helps in understanding the competitive outlook of the Smart Mining industry.
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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of âmarket research reportsâ and âbusiness intelligence solutionsâ. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
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