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Global Mining Automation Market- Market Share and Industry Forecast to 2024

  • ID: 4668304
  • Report
  • Region: Global
  • 240 Pages
  • Occams Business Research and Consulting
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Global Mining Automation Market is Expected to Witness a CAGR of 6.9%

FEATURED COMPANIES

  • Atlas Copco (Sweden)
  • Fluidmesh Networks (U.S.)
  • Hitachi (Japan)
  • Micromine (Australia)
  • RPMglobal (Australia)
  • Trimble (U.S.)
  • MORE

NOTE: Delivery time is 3 business days

Global mining automation market is expected to witness a CAGR of 6.9% over forecast period (2017-2024). The improved demand for personnel’s safety in mining industries has boosted the demand of automated mining. Other than this, increasing mining production, need of improving productivity in mining and reduction in operating costs are also triggering the global mining automation market.

However, depletion of natural resources and high cost associated with the automated systems are the major restraints in the growth of global mining automation market. Global mining automation market faces a serious challenge of integration information technology with operational technology. However, the market has various opportunities over the forecast period to counter the challenge. The opportunities include evolution of smart connected mines and growing digitization in mining operations.

Global mining automation market report covers segmentation that include technique, component and workflow. Further, technique segment has been bifurcated into underground mining and surface mining. Underground mining technique dominated the global mining automation in 2017 in terms of revenue. Majority of minerals are found under the earth’s crust and thus the underground mining techniques are adopted on an extensive note.On the basis of component, sub segments are equipment, software and communications systems.

Similarly, workflow segment covers sub segments that include mine development, mining process and mine maintenance. Mining process segment is expected to witness the fastest growth rate over the forecast period (2017-2024), mining process include autonomous haulage and autonomous drilling. Hauling activities need a huge capital and thus investors are interested in automation of these activities.

Automation in hauling process provides optimized productivity, efficient fuel consumption, reduced maintenance, lesser downtime and others.

Geographically, Asia Pacific held the dominant position in terms of revenue under mining automation market in 2017. The companies have started to adopt automated mining equipment that improves the productivity. The companies include BHP Billiton (Australia), FMG Group (Australia) and others. The surge in digitization and automation of mines in Asia Pacific have also attracted the investors.

Thus, Asia Pacific is expected to maintain its dominance over the forecast period (2017-2024). However, Europe is expected to witness substantial growth under mining automation market till 2024. Countries such as UK, Sweden and others are involved in mining industry at a considerable extent. In addition, presence of key players such as Sandvik (Sweden), Atlas Copco (Sweden), Hexagon (Sweden) and others strengthen the Europe mining automation market.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Atlas Copco (Sweden)
  • Fluidmesh Networks (U.S.)
  • Hitachi (Japan)
  • Micromine (Australia)
  • RPMglobal (Australia)
  • Trimble (U.S.)
  • MORE

1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology

2. Market Overview
2.1. Global Mining Automation Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Total Market Analysis
2.4.1. Top 5 Findings
2.4.2. Top 5 Opportunity Markets
2.4.3. Top 5 Companies
2.4.4. Top 3 Competitive Strategies
2.5. Estimation Analysis
2.6. Strategic Analysis
2.6.1. Investment Vs. Adoption Model
2.6.2. 360 Degree Industry Analysis
2.6.3. Porter’S 5 Force Model
2.6.4. See-Saw Analysis
2.6.5. Consumer Analysis And Key Buying Criteria
2.7. Competitive Analysis
2.7.1. Key Strategies & Analysis
2.7.2. Market Share Analysis & Top Company Analysis
2.8. Strategic Recommendations & Key Conclusions
2.8.1. Investment Opportunities By Regions
2.8.2. Opportunities In Emerging Applications
2.8.3. Investment Opportunity In Fastest Growing Segment

3. Market Determinants
3.1. Market Drivers
3.1.1. Increasing Need For Worker Safety In Mining Operations
3.1.2. Increasing Mining Production
3.1.3. Requirement For Improving Productivity In Mining
3.1.4. Reduction In Operating Costs
3.2. Market Restraints
3.2.1. Depletion Of Natural Resources
3.2.2. High Cost Of Automation
3.3. Market Opportunities
3.3.1. Evolution Of Smart Connected Mines
3.3.2. Growing Digitization In Mining Operations
3.4.   Market Challenges
3.4.1. Integrating Information Technology With Operational Technology

4. Global Mining Automation Market By Technique
4.1. Market Definition And Scope
4.2. Decision Support Database & Estimation Methodology
4.3. Comparative Analysis Across Market Segments
4.4. Opportunity Matrix
4.5. Market Segmentation
4.5.1. Global Underground Mining Market
4.5.1.1. Adoption Scenario & Market Determinants
4.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.1.3. Key Conclusions
4.5.2. Global Surface Mining Market
4.5.2.1. Adoption Scenario & Market Determinants
4.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.2.3. Key Conclusions

5. Global Mining Automation Market By Component
5.1. Market Definition And Scope
5.2. Decision Support Database & Estimation Methodology
5.3. Comparative Analysis Across Market Segments
5.4. Opportunity Matrix
5.5. Market Segmentation
5.5.1. Global Equipmemt Market
5.5.1.1. Adoption Scenario & Market Determinants
5.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.1.3. Key Conclusions
5.5.2. Global Software Market
5.5.2.1. Adoption Scenario & Market Determinants
5.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.2.3. Key Conclusions
5.5.3. Global Communication Systems Market
5.5.3.1. Adoption Scenario & Market Determinants
5.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.3.3. Key Conclusions

6. Global Mining Automation Market By Workflow
6.1. Market Definition And Scope
6.2. Decision Support Database & Estimation Methodology
6.3. Comparative Analysis Across Market Segments
6.4.  Opportunity Matrix
6.5. Market Segmentation
6.5.1. Global Mine Development Market
6.5.1.1. Adoption Scenario & Market Determinants
6.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.5.1.3. Key Conclusions
6.5.2. Global Mining Process Market
6.5.2.1. Adoption Scenario & Market Determinants
6.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.5.2.3. Key Conclusions
6.5.3. Global Mine Maintenance Market
6.5.3.1. Adoption Scenario & Market Determinants
6.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.5.3.3. Key Conclusions

7. Competitive Landscape
7.1. Key Strategies
7.1.1. List Of Merger & Acquisition
7.1.2. List Of Joint Venture
7.1.3. List Of Product Launches
7.1.4. List Of Partnership

8. Geographic Analysis
8.1. Decision Support Database & Estimation Methodology
8.2. Comparative Analysis Across Market Segments
8.3. Opportunity Matrix
8.4.  Global Mining Automation Market By Region 2015-2024 ($ Million)
8.4.1. North America
8.4.1.1. Industry Analysis 2015-2024 ($ Million)
8.4.1.2. Key Country Analysis
8.4.1.2.1. U.S.
8.4.1.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.1.2.1.2. Key Conclusions
8.4.1.2.2. Canada
8.4.1.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.1.2.2.2. Key Conclusions
8.4.2. Europe
8.4.2.1. Industry Analysis 2015-2024 ($ Million)
8.4.2.2. Key Country Analysis
8.4.2.2.1. UK
8.4.2.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.2.2.1.2. Key Conclusions
8.4.2.2.2. France
8.4.2.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.2.2.2.2. Key Conclusions
8.4.2.2.3. Germany
8.4.2.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.2.2.3.2. Key Conclusions
8.4.2.2.4. Russia
8.4.2.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.2.2.4.2. Key Conclusions
8.4.2.2.5. Rest Of Europe
8.4.2.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.2.2.5.2. Key Conclusions
8.4.3. Asia Pacific
8.4.3.1. Industry Analysis 2015-2024 ($ Million)
8.4.3.2. Key Country Analysis
8.4.3.2.1. China
8.4.3.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.3.2.1.2. Key Conclusions
8.4.3.2.2. India
8.4.3.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.3.2.2.2. Key Conclusions
8.4.3.2.3. Japan
8.4.3.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.3.2.3.2. Key Conclusions
8.4.3.2.4. Australia
8.4.3.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.3.2.4.2. Key Conclusions
8.4.3.2.5. Rest Of Asia Pacific
8.4.3.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.3.2.5.2. Key Conclusions
8.4.4. Row
8.4.4.1. Industry Analysis 2015-2024 ($ Million)
8.4.4.2. Key Country Analysis
8.4.4.2.1. Latin America
8.4.4.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.4.2.1.2. Key Conclusions
8.4.4.2.2. Middle East & Africa
8.4.4.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.4.2.2.2. Key Conclusions

9. Company Profiles
9.1. Atlas Copco (Sweden)
9.1.1. Overview
9.1.2. Product Portfolio
9.1.3. Strategic Initiatives
9.1.4. Scot Analysis
9.1.5. Strategic Analysis
9.2. Autonomous Solutions Inc. (U.S.)
9.2.1. Overview
9.2.2. Product Portfolio
9.2.3. Strategic Initiatives
9.2.4. Scot Analysis
9.2.5. Strategic Analysis
9.3. Caterpillar (U.S.)
9.3.1. Overview
9.3.2. Product Portfolio
9.3.3. Strategic Initiatives
9.3.4. Scot Analysis
9.3.5. Strategic Analysis
9.4. Fluidmesh Networks (U.S.)
9.4.1. Overview
9.4.2. Product Portfolio
9.4.3. Strategic Initiatives
9.4.4. Scot Analysis
9.4.5. Strategic Analysis
9.5. Hexagon (Sweden)
9.5.1. Overview
9.5.2. Product Portfolio
9.5.3. Strategic Initiatives
9.5.4. Scot Analysis
9.5.5. Strategic Analysis
9.6. Hitachi (Japan)
9.6.1. Overview
9.6.2. Product Portfolio
9.6.3. Strategic Initiatives
9.6.4. Scot Analysis
9.6.5. Strategic Analysis
9.7. Komatsu Ltd. (Japan)
9.7.1. Overview
9.7.2. Product Portfolio
9.7.3. Strategic Initiatives
9.7.4. Scot Analysis
9.7.5. Strategic Analysis
9.8. Micromine (Australia)
9.8.1. Overview
9.8.2. Product Portfolio
9.8.3. Strategic Initiatives
9.8.4. Scot Analysis
9.8.5. Strategic Analysis
9.9. Mst Global (Australia)
9.9.1. Overview
9.9.2. Product Portfolio
9.9.3. Strategic Initiatives
9.9.4. Scot Analysis
9.9.5. Strategic Analysis
9.10. Remote Control Technologies (Australia)
9.10.1. Overview
9.10.2. Product Portfolio
9.10.3. Strategic Initiatives
9.10.4. Scot Analysis
9.10.5. Strategic Analysis
9.11. RPMglobal (Australia)
9.11.1. Overview
9.11.2. Product Portfolio
9.11.3. Strategic Initiatives
9.11.4. Scot Analysis
9.11.5. Strategic Analysis
9.12. Sandvik Mining (Sweden)
9.12.1. Overview
9.12.2. Product Portfolio
9.12.3. Strategic Initiatives
9.12.4. Scot Analysis
9.12.5. Strategic Analysis
9.13. Symboticware Incorporation (Canada)
9.13.1. Overview
9.13.2. Product Portfolio
9.13.3. Strategic Initiatives
9.13.4. Scot Analysis
9.13.5. Strategic Analysis
9.14. Trimble (U.S.)
9.14.1. Overview
9.14.2. Product Portfolio
9.14.3. Strategic Initiatives
9.14.4. Scot Analysis
9.14.5. Strategic Analysis
9.15. Volvo Group (Sweden)
9.15.1. Overview
9.15.2. Product Portfolio
9.15.3. Strategic Initiatives
9.15.4. Scot Analysis
9.15.5. Strategic Analysis

List Of Tables
1. Global Mining Automation Market By Technique 2015-2024 ($ Million)
2. Global Underground Mining Market By Geography 2015-2024 ($ Million)
3. Global Surface Mining Market By Geography 2015-2024 ($ Million)
4. Global Mining Automation Market By Component 2015-2024 ($ Million)
5. Global Equipment Market By Geography 2015-2024 ($ Million)
6. Global Software Market By Geography 2015-2024 ($ Million)
7. Global Communications Systems Market By Geography 2015-2024 ($ Million)
8. Global Mining Automation Market By Workflow 2015-2024 ($ Million)
9. Global Mine Development Market By Geography 2015-2024 ($ Million)
10. Global Mining Process Market By Geography 2015-2024 ($ Million)
11. Global Mine Maintenance Market By Geography 2015-2024 ($ Million)
12. North America Mining Automation Market 2015-2024 ($ Million)
13. Europe Mining Automation Market 2015-2024 ($ Million)
14. Asia Pacific Mining Automation Market 2015-2024 ($ Million)
15. Rest Of World Mining Automation Market 2015-2024 ($ Million)
16. North America Mining Automation Market By Technique 2015-2024 ($ Million)
17. Europe Mining Automation Market By Technique 2015-2024 ($ Million)
18. Asia Pacific Mining Automation Market By Technique 2015-2024 ($ Million)
19. Rest Of World Mining Automation Market By Technique 2015-2024 ($ Million)
20. North America Mining Automation Market By Component 2015-2024 ($ Million)
21. Europe Mining Automation Market By Component 2015-2024 ($ Million)
22. Asia Pacific Mining Automation Market By Component 2015-2024 ($ Million)
23. Rest Of World Mining Automation Market By Component 2015-2024 ($ Million)
24. North America Mining Automation Market By Worlflow 2015-2024 ($ Million)
25. Europe Mining Automation Market By Worlflow 2015-2024 ($ Million)
26. Asia Pacific Mining Automation Market By Worlflow 2015-2024 ($ Million)
27. Rest Of World Mining Automation Market By Worlflow 2015-2024 ($ Million)
28. United States (U.S.) Mining Automation Market By Worlflow 2015-2024 ($ Million)
29. Canada Mining Automation Market By Worlflow 2015-2024 ($ Million)
30. United Kingdom (UK) Mining Automation Market By Worlflow 2015-2024 ($ Million)
31. France Mining Automation Market By Worlflow 2015-2024 ($ Million)
32. Germany Mining Automation Market By Worlflow 2015-2024 ($ Million)
33. Russia Mining Automation Market By Worlflow 2015-2024 ($ Million)
34. Roe Mining Automation Market By Worlflow 2015-2024 ($ Million)
35. India Mining Automation Market By Worlflow 2015-2024 ($ Million)
36. China Mining Automation Market By Worlflow 2015-2024 ($ Million)
37. Japan Mining Automation Market By Worlflow 2015-2024 ($ Million)
38. Australia Mining Automation Market By Worlflow 2015-2024 ($ Million)
39. Roapac Mining Automation Market By Worlflow 2015-2024 ($ Million)
40. Latin America Mining Automation Market By Worlflow 2015-2024 ($ Million)
41. Mena Mining Automation Market By Worlflow 2015-2024 ($ Million)

List Of Figures
1. Global Mining Automation Market 2015-2024 ($ Million)
2. Global Mining Automation Market By Technique 2015-2024 ($ Million)
3. Global Underground Mining Market 2015-2024 ($ Million)
4. Global Surface Mining Market 2015-2024 ($ Million)
5. Global Mining Automation Market By Component 2015-2024 ($ Million)
6. Global Equipment Market 2015-2024 ($ Million)
7. Global Software Market 2015-2024 ($ Million)
8. Global Communications Systems Market 2015-2024 ($ Million)
9. Global Mining Automation Market By Workflow 2015-2024 ($ Million)
10. Global Mine Development Market 2015-2024 ($ Million)
11. Global Mining Process Market 2015-2024 ($ Million)
12. Global Mine Maintenance Market 2015-2024 ($ Million)
13. United States (U.S.) Mining Automation Market 2015-2024 ($ Million)
14. Canada Mining Automation Market 2015-2024 ($ Million)
15. United Kingdom (UK) Mining Automation Market 2015-2024 ($ Million)
16. France Mining Automation Market 2015-2024 ($ Million)
17. Germany Mining Automation Market 2015-2024 ($ Million)
18. Russia Mining Automation Market 2015-2024 ($ Million)
19. Roe Mining Automation Market 2015-2024 ($ Million)
20. India Mining Automation Market 2015-2024 ($ Million)
21. China Mining Automation Market 2015-2024 ($ Million)
22. Japan Mining Automation Market 2015-2024 ($ Million)
23. Australia Mining Automation Market 2015-2024 ($ Million)
24. Roapac Mining Automation Market 2015-2024 ($ Million)
25. Latin America Mining Automation Market 2015-2024 ($ Million)
26. Mena Mining Automation Market 2015-2024 ($ Million)

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Atlas Copco (Sweden)
  • Fluidmesh Networks (U.S.)
  • Hitachi (Japan)
  • Micromine (Australia)
  • RPMglobal (Australia)
  • Trimble (U.S.)
  • MORE

Global mining automation market to witness a substantial growth rate over the forecast period (2017-2024)

Global mining automation market refers to the market of components that are used for automatizing the mining operations. Automation technology can make mining operations more efficient with software and advanced equipment. Global mining automation market is expected to witness a CAGR of 6.9% over forecast period (2017-2024).

Trends related to innovative products offered by various companies are increasing the competition between key players, thereby fueling the growth of global mining automation market. For instance, on November 2017, Micromine (Australia) has launched a product “Pitram”, a mine control solution and fleet management that supervises the mining operations through capturing, monitoring and reporting all processes.

The product offers a central integrated hub for underground and open pit mining operations. In addition, on April 2015, Hexagon introduced MineSight 3D is a product intended towards mine planning. It visualizes output from MineSight products helping engineers and geologists for creating and manipulating 2D and 3D data for querying, editing, and plotting/displaying all types of mining data and geology.

Moreover, on March 2017, Sabdvik AB (Sweden) has launched automated mining equipment solutions in Las Vegas. The products were CS550 automated cone crusher, UI310+ wheeled impact crusher, Pantera DP1100i surface drill rig and free flow mobile scalper.

Major driving parameters in growth of global mining automation market are increasing mining production, surge in demand for personnel’s safety in mining industries, need of improving productivity in mining and reduction in operating costs.

Demand of improving workplace safety is driving the global mining automation market

Huge number of personnel loss and related consequences drives the demand of improving workplace safety in mining industry. For instance, on March 2015, a mining accident took place at Zasyadko (Ukraine), where 23 death and some injuries were reported.

In addition, according to Ministry of Mining and Chile’s National Geology and Mining Service (SERNAGEOMIN), 6 deadly mining accidents were recorded in Chile in first 6 months of 2016. In March 2016, 10 deaths were reported in Pakistan at Al-Hussaini coal mine in Orakzai region, Khyber Pakhtunkhwa. Owing to huge fatalities in mining industry across the globe, the governments across the globe are promoting the implementation of automated mining techniques.

For instance, The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) inspects all mines each year across U.S. to ensure healthy and safe work environments for miners. All mines across U.S. are inspected by The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) each year to ensure healthy and safe work environment for miners.

Also, along with setting safety and health standards preventing unhealthy and hazardous conditions, MSHA’s regulations also include requirements for training programs meeting the Mine Act requirements, instant notification of accidents, injuries, and illness at the mine by the mine operator and ensures to obtain approval for concerned equipment that are used in gassy underground mines.

Moreover, the MHSA has also laid emphasis on implementing the automation processes in mines.

Furthermore, the leading companies such as Rio Tinto (United Kingdom), Micromine (Australia) and others are involved in the development of automated vehicles for mining industry and digitalization of the mining processes. The vehicles include Autonomous dump truck, Autonomous excavator, autonomous drills etc. Also, Commonwealth Scientific and Industrial Research Organization (CSIRO) (Australia) have developed an “underground longwall automation technology” that aims at safeguarding the workplace along with increasing the efficiency of industry. Hence, rising concern for improving workplace safety is boosting the global mining automation market.

Evolution of connected mines: An enormous opportunity for global mining automation market
Smart connected mines are becoming the new trend in mining industry. The involvement of IoT in mining industry has led to improvement in workplace safety. Connected mine establishes networks among machines, humans and  Internet that leads to better energy efficiency, optimized productivity and higher profitability.

Mining industry require high level of productivity, efficiency and long-term cost reductions. By utilizing integrated automation services and control systems, mining industries can employ driverless trucks, real-time monitoring of productivity data and supervisory control of mining operations from remote operations.

In addition, IoT (Internet of things) services play a major role in handling supply chain challenges such as cost control, planning & risk management and others. Also, IoT services provide potential benefits of improving overall efficiency that in turn boosts the profitability of the organization.

Enabling Internet of Things (IoT), miners could unlock advantages beyond mining automation and enhance new and existing IT products and services. The calls for innovation in mining industry are deafening and the IoT is making its way into mining sites to ensure safe and healthy environment for workers. Thus, rising adoption of internet of thing in connected mines creates huge opportunities for global mining automation market over the forecast period (2017-2024).

Note: Product cover images may vary from those shown
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  • Atlas Copco (Sweden)
  • Autonomous Solutions Inc. (U.S.)
  • Caterpillar (U.S.)
  • Fluidmesh Networks (U.S.)
  • Hexagon (Sweden)
  • Hitachi (Japan)
  • Komatsu Ltd. (Japan)
  • Micromine (Australia)
  • Mst Global (Australia)
  • Remote Control Technologies (Australia)
  • RPMglobal (Australia)
  • Sandvik Mining (Sweden)
  • Symboticware Incorporation (Canada)
  • Trimble (U.S.)
  • Volvo Group (Sweden)
Note: Product cover images may vary from those shown
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A bottom-up approach was used to estimate the size of the markets that was further verified with the revenue figures obtained by top-down approach. The research methodology used to calculate market size also includes the following details:

  • Market revenues of key players were determined through primary and secondary research, including a study of annual reports of top market players, and interviews with key opinion leaders such as chief executive officers (CEOs) directors and research and development managers.
  • Secondary research included general search by keywords through paid and unpaid sources, such as Factiva and One Source, and other government websites, publicly available websites and company websites.
  • The forecast takes into account market trends such as pricing and volume analysis.
  • The penetration percentage and forecast of micro markets were established through primary and secondary sources and were validated through primary sources.
 

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