Underground Mining Automation Market: Introduction
Technology growth has made significant changes the mining industry and this has resulted in the development of automation solutions, internet of things, data integration technology and information management systems. In addition, this hs also paved the way for development of automation products, solutions and services that are used to automate the underground mining operations. Further, these will enhance productivity, performance and efficiency of underground mining operation. The key advantage of underground mining automation is to increase safety and to drive productivity at low cost.
The future of underground mining automation depends on the need to integrate different sub systems in the underground mine. The demand for integrated solutions for smarter, safer, more productive mines will enhance the adoption of underground mining automation. The rapidly shifting technology in Africa is going to be the key trend which will support the adoption of underground mining automation.
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Underground Mining Automation Market: Market Dynamics
Leading underground mining automation providers are investing in automation to secure a strong future in the mining industry. This factor is expected to drive the global underground mining automation market. The demand for metals despite trade disputes has supported China and it is positively impacting the adoption of underground mining automation in the global market. Further, the growth of communication solutions will play a significant role in increasing the deployment of underground mining automation solutions.
The safety of employees and low production rates are the key factors that are enhancing the adoption rate of underground mining automation. Further, the growth of digital mines, digital twins and other technological innovations has influenced the global underground mining automation market and it will continue to grow during the forecast period. Growth of communication in underground mining operations is a key factor which will determine the adoption of underground mining automation solutions and services.
The key challenging factor in the underground mining automation market is the lack of technology adoption among the professionals in developing economies. The underground mining automation providers are currently taking measures such as providing training, and awareness by offering technology expos.
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Underground Mining Automation Market: Regional Outlook
The manufacturers from developed economies such as Germany, US, UK, France and Japan are leading in providing underground mining automation solutions. The mining activities are prominent in countries such as Australia, Russia, China, Canada, Indonesia, South Africa, Peru, Brazil and other African countries. Currently, the mining players are concentrated in investing in underground mining automation and the focus is towards African countries. The government regulations play a significant role in the adoption of underground mining automation systems. However, some countries have laid strict regulations to secure the environment and this has hampered the mining activities which negatively impact underground mining automation market.
The deployment of underground mining automation solutions will help miners maneuver into unsafe areas and difficult locations in Australia, Brazil, and Africa etc. Further, deploying underground mining automations solutions by leading mining operators in Ethiopia, Tanzania, Angola, Zambia, and Congo will positively affect the underground mining automation market. The new mining projects in South East Asia, Latin America and African countries are expected to drive the opportunity for the underground mining automation market.
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Underground Mining Automation Market: Key Market Participants
Some of the key market participants in the global underground mining automation market are:
- ABB
- Atlas Copco
- General Electric
- Glencore
- Hexagon
- Hitachi
- Komatsu
- Redpath
- Rio Tinto
- Rockwell Automation
- Sandvik AB
- Siemens AG