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Green Mining Market worth $12.9 billion by 2024


(EnergyIndustry.Net, September 10, 2020 ) The report "Green Mining Market by Mining Type (Surface and Underground), Technology (Power Reduction, Fuel and Maintenance Reduction, Toxicity Reduction, Emission Reduction, and Water Reduction), and Region (NA, SA, EU, APAC, MEA) - Global Forecast to 2024",green mining market size was at USD 9.0 billion in 2019 and is projected to reach USD 12.9 billion by 2024, at a CAGR of 7.5%. The mining industry is a large consumer of energy and resources which places them in a position of a potential conflict with the government and communities.

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The costs of energy, especially the price of electricity has risen sharply, and the dependable supply has been an alarming issue that the mining industry is trying to address. Factors including declining ore grades, the resource intensity and the amount of waste generated per unit of the resource are probable to increase the associated environmental costs that will prove to be a constant challenge for growth in the industry.

“Surface mining is estimated to be the largest type segment of the green mining market.”

Surface mining is the largest type in which green mining was adopted. Surface mining has higher productivity, which lowers the costs, in case of underground mining, the equipment for maintaining productivity is more expensive as compared to the open pit equipment. Moreover, open pit provides a large production scale, and the share of open pit mines have also offered the opportunity for manufacturing open pit equipment in a large number that further decreases the production costs. A lot of surface mines operate for 24 hours a day and almost around 365 days a year to put the pit machinery for as many hours as possible, which in turn decreases the number of equipment required.

“Power reduction in green mining is expected to register the highest CAGR during the forecast period.”

The power reduction in the mining industry is the difference between the current energy consumption and the best practice energy consumption that corresponds to energy saving opportunities from the investments made in these technologies. The difference between the best practice and practical minimum energy consumption calculates the new opportunities for research and development with a few barriers to achieve it, and this difference between practical and theoretical energy consumption refers to the energy recovery opportunity.

Don't miss out on business opportunities in Green Mining Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Green Mining Market”
70 - Market Data Tables
35 - Figures
106 - Pages

“Europe accounts for the largest share in terms of the value of the green mining market.”

Europe is estimated to account for the largest share of the green mining market in 2018. The region has emerged as the largest consumer of green mining technologies owing to the increasing awareness of the destruction caused by the mining activities on the environment.

The leading players in the green mining market are Glencore (Switzerland), Rio Tinto (UK), BHP Billiton (Australia), Vale S.A (Brazil), Tata Steel (India), Anglo American (UK), Jiangxi copper corporation (China), Dundee precious (Canada), Wirtgen Group (Germany), and Freeport-McMoRan (US).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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