Global Smart Mining Market Opportunity Analysis 2021-2028: Growing Emphasis on Worker Health and Safety

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DUBLIN, November 4th 2021– (BUSINESS WIRE)–The “Smart Mining Market, By Type, By Solution, By Service, By Region – Analysis of Size, Share, Prospects, and Opportunities, 2021-2028” Report was added to ResearchAndMarkets.com to offer.

The smart mining industry studies three main areas of the mining industry. Virtualization technologies allow miners to salvage from multiple locations while maintaining operating costs. Software solutions are used to maintain general security. Finally, the algorithms used by these mining companies to help them find areas with lower levels of safety in order to reduce operating costs.

These types of mining operations are a very viable way for smaller businesses to mine efficiently and at a lower cost. They also offer an extra level of security. As technology continues to improve and new mines are found, it is expected that these holdings will continue to grow.

Market dynamics

The growing importance of worker safety and health is expected to fuel the global growth of the smart mining market over the forecast period. The governments of many countries have introduced strict standards focusing on the health and safety of workers. This has forced mining companies to provide adequate safety equipment and emergency services for workers. Smart mining plays a key role in maintaining the safety and health of miners with the help of connected devices and data analytics that leverage IoT devices. In addition, fluctuations in commodity prices are expected to drive the global smart mining market forward.

Main features of the study:

  • This report provides an in-depth analysis of the Smart Mining market as well as the market size (USD Million) and Average Annual Growth Rate (CAGR%) for the forecast period (2021-2028) taking 2020 as the base year

  • It shows potential sales opportunities in various segments and explains attractive matrices for investment proposals for this market

  • This study also provides key insights into market drivers, restraints, opportunities, product launches or approvals, market trends, regional outlook, and key players’ competitive strategies

  • It profiles the major players in the global Smart Mining market based on the following parameters – company highlights, product portfolio, key highlights, financial performance, and strategies

  • The most important companies examined in this study include 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.

  • The insights from this report would enable marketers and business administrators to make informed decisions regarding future product launches, type upgrades, market expansions, and marketing tactics

  • The global Smart Mining Market report is aimed at various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, newcomers, and financial analysts

  • Stakeholders would have easy decision making through various strategy matrices used in analyzing the global Smart Mining Market

Global Smart Mining Market By Type:

  • Automated equipment

  • Drill & Breaker

  • Load dump (LHD)

  • Mining excavator

  • Robot truck

  • Other equipment

  • component

  • hardware

  • solution

  • service

  • Global Smart Mining Market By Solution

  • Data and operations management software

  • Analysis solution

  • Connectivity solution

  • Other solutions

  • Global Smart Mining Market by Service

  • Engineering & maintenance

  • Consulting services

  • Production training service

  • Implementation and integration service

Global Smart Mining Market By Regions:

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

Company profiles

  • ABB Ltd.

  • Company overview

  • Product portfolio

  • Financial performance

  • Key strategies

  • Recent developments

  • future plans

  • Komatsu Ltd.

  • Sandvik mining and construction

  • Atlas Copco, Alcatel-Lucent

  • Caterpillar Inc.

  • Cisco Systems Inc.

  • Hitachi Construction Machinery Co. Ltd.

  • Outotec Oyja

  • Joy Global Inc.

For more information on this report, see https://www.researchandmarkets.com/r/wbhzpw

Via ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211104005604/de/

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