Mining Automation Market Set for Rapid Expansion as Technology Revolutionizes the Industry


Posted May 19, 2023 by Prashantvi

The global mining automation market size is estimated to be USD 3.1 billion in 2022 and is projected to reach USD 4.2 billion by 2027

 
The global mining automation market size is estimated to be USD 3.1 billion in 2022 and is projected to reach USD 4.2 billion by 2027, at a CAGR of 6.3%. Growing digital transformation of worldwide mining industry, rising focus on improving worker safety, and increasing need for improving productivity at mines are major factors driving the growth of the mining automation market. Additionally, evolution of connected mines and rising need for reducing operating costs are other key drivers for the market.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257609431

Growing adoption of mining automation technologies for increased operational efficiency and safety
Integration of artificial intelligence (AI) and machine learning (ML) in mining automation systems
Remote monitoring and control of mining operations through automation technologies
Improved productivity and reduced downtime through the use of autonomous mining equipment
Implementation of robotics and autonomous vehicles for efficient material handling and transportation in mines
Advancements in sensor technology and data analytics for real-time monitoring and decision-making in mining operations
Enhanced worker safety by minimizing human involvement in hazardous mining tasks
Cost savings through optimized resource utilization and predictive maintenance in mining automation systems
Integration of Internet of Things (IoT) devices for seamless connectivity and data exchange in mining processes
Increasing focus on sustainable mining practices through automation and environmental monitoring solutions
Major companies operating in the mining automation market include Caterpillar (US), Hexagon AB (Sweden), Epiroc AB (Sweden), Komatsu (Japan), Sandvik AB (Sweden), Liebherr Group (Switzerland), SANY Group (China), RPMGlobal (Australia), Rockwell Automation, Inc. (US), and Siemens (Germany).



Know more Information @

https://www.marketsandmarkets.com/Market-Reports/mining-automation-market-257609431.html


About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By marketsandmarkets
Country United States
Categories Electronics
Tags mining automation market
Last Updated May 19, 2023