Mining is the industrial process of procuring different types of minerals and coal from mines. Automation is the process of execution of any activities without manual input or operator. Traditional mining activities require intense input form an operator for carrying out mining processes. The introduction of automation eliminates human labor form process associated with mining. There are multiple forces that can alter mining automation market dynamics. Major factors are identified and discussed in the “Mining Automation Market” report offered by Market Research Future (MRFR). The report reveals about ongoing trends, market size, growth opportunities, and competitive landscape.
MRFR study on the global mining automation market states that the market can expand at 8.6% CAGR. MRFR recorded the worldwide market at USD 2.31 Bn in 2018. The penetration of automation solutions in mining processes can cause escalation in the valuation of the mining automation market. By 2023, the mining automation market can value at USD 4.03 Bn. The increase in the worldwide mining automation size can be attributed to the convenience offered by automation in the accomplishment of mining activities. Control systems, robots, computers, programmable controllers, and technology sets are utilized by automation solutions that increase efficacy and productivity of operations.
Intensive mining activities, such as loading, drilling, transporting, and hauling among others are automated using automation control devices, such as programmable logic controllers (PLCs), software, PCs, and distributed control systems (DCS). The rise in the use of SCADA or human-machine interfaces (HMIs) can improve collection of data and interaction with field devices. These are other drivers of the mining automation market that are identified by MRFR. Government authorities across the globe are observed to add momentum to the global mining automation market as funding in research and development for mining is increased and the mining regulations are made simpler.
Mining companies across the world are rapidly adopting automation to modernize operations. They are increasing the deployment of automated drilling operations and driverless haulage trucks, driving efficiency, increasing productivity, and decreasing expenditure. Mining companies adopt automation for environmental and worker safety. Remote maintenance of industrial sites varies widely depending on the industry and site-specific requirements. The mining industry demands automation for real-time plant monitoring with real-time alerts and information from various departments such as production, maintenance, and contractors to reduce unexpected downtimes. This reduces maintenance costs, frequent site visits, equipment downtime, and increases efficiency. The global mining automation market has been segmented based on offerings, operations, and region.
By offering, the market has been segmented into hardware (autonomous mining truck, autonomous drilling rig, mining load-haul-dump (LHD), pumping stations, tunneling equipment, others), software (fleet management, workforce management, remote operations and monitoring, temperature monitoring system, others), and communication system (navigation systems, wireless mesh networks, others). Among these autonomous drilling dominated the market in 2018. Drilling in the mining sector is one major area where automation makes a positive impact. An autonomous drill system (ADS) is most widely used for automated drilling, it enables an operator to control the drilling process using a single console from a remote location to control many autonomous drillings from multiple manufacturers simultaneously. ADS helps in improving precision and equipment utilization. However, the software segment is expected to show the highest CAGR during the forecast period.
Key Players
The key players in the mining automation market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are MST Global, ABB Limited, Komatsu Limited, Hexagon AB, Hitachi Limited, Trimble Inc, Rockwell Automation, Emerson Electric Co, Mitsubishi Electric Corporation, Schneider Electric SE, Wabtec Corporation, Honeywell International Inc, Siemens AG, Atlas Copco AB, Caterpillar Inc, Sandvik AB, Yokogawa Electric Corporation, among others. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 35–40% in the mining automation market.
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Mining Automation Market report added by Value Market Research, offering growth, trends, and forecast for each segment along with regional and country analysis.
The study has done with respect to market share, size, outlook, estimation and forecast period 2021-2027.
Further, this report also highlights the regional and country-level market analysis.The mining automation market is vast, with many local and global players.
the key leaders follow different strategies to advance their market position, such as contracts, amalgamation, extending product portfolio, expansions, acquisitions, and product upgrades to raise their market share across the globe.
for instance, in June 2017, Komatsu America Corp., a Komatsu Ltd subsidiary, has introduced HD405-8 and HD325-8 off-highway trucks.
The new models contain payload capacities of 36.5 and 40 metric tons, correspondingly.
