Smart Mining Market to 2027 -Covid-19 Impact and European Analysis By Component (Hardware, Software and Solution, and Service); Mining Type (Underground Mining, and Surface Mining); Hardware Type (RFID Tags, Sensors, Intelligent System, Others) ; Software Type ( Logistics Software , Data & Operation management, Safety & Security Systems, Connectivity Solutions, Analytics Solution, Remote Management Solution, and Asset Management Solution and Country.
The smart mining market in Europe is expected to grow from US$ 1986.5 Mn in 2019 to US$ 7,968.8 Mn by 2027; it is projected to grow at a CAGR of 19.2% during the from 2020 to 2027. The consumption of industrial minerals and metals in Europe has increased in the past few years. The increasing demand for minerals and metals is leading to the rapid expansion of mining activities that drives the growth of the smart mining market in Europe. The European countries are witnessing upsurge in the middle-class population along with the rise in urbanization that offer ample opportunities for the key smart mining market players. These factors are anticipated to contribute to the growth of the smart mining market in Europe. The European mining industry excels in the underlying the development and implementation of smart mining techniques, enabling sustainable extraction and ore processing under technically and economically viable conditions, alongside meeting stringent environmental standards. Moreover, the industry is considered as one of the most innovative mining industries in the world. Discovering mining and ore dressing requires primary emphasis on the process of research and development. High-tech smart mining setups support mining extraction, exploration, and beneficiation. The mining industry in European countries also promotes advancements in the areas of environmental, health, and safety protection.
The hardware segment led the European smart mining market based on component in 2018. There has been wide demand for wearable devices in the mining industry to regulate production processes in hard rock mines, health and safety management in coal mines, and monitor environmental quality in industrial mineral mines. For example, a smart safety helmet has been developed with methane and carbon monoxide gas sensors to warn underground coal mine workers about the concentration of harmful gases exceeding a given limit.
The overall European smart mining market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the market based on the segmentation pertaining to the market in Europe. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe smart mining market ABB Ltd, Alastri, Caterpillar Inc, SAP SE, Trimble Inc, and Hitachi Ltd are among the players operating in the Europe smart mining market.
Reasons to Buy
The smart mining market in Europe is expected to grow from US$ 1986.5 Mn in 2019 to US$ 7,968.8 Mn by 2027; it is projected to grow at a CAGR of 19.2% during the from 2020 to 2027. The consumption of industrial minerals and metals in Europe has increased in the past few years. The increasing demand for minerals and metals is leading to the rapid expansion of mining activities that drives the growth of the smart mining market in Europe. The European countries are witnessing upsurge in the middle-class population along with the rise in urbanization that offer ample opportunities for the key smart mining market players. These factors are anticipated to contribute to the growth of the smart mining market in Europe. The European mining industry excels in the underlying the development and implementation of smart mining techniques, enabling sustainable extraction and ore processing under technically and economically viable conditions, alongside meeting stringent environmental standards. Moreover, the industry is considered as one of the most innovative mining industries in the world. Discovering mining and ore dressing requires primary emphasis on the process of research and development. High-tech smart mining setups support mining extraction, exploration, and beneficiation. The mining industry in European countries also promotes advancements in the areas of environmental, health, and safety protection.
The hardware segment led the European smart mining market based on component in 2018. There has been wide demand for wearable devices in the mining industry to regulate production processes in hard rock mines, health and safety management in coal mines, and monitor environmental quality in industrial mineral mines. For example, a smart safety helmet has been developed with methane and carbon monoxide gas sensors to warn underground coal mine workers about the concentration of harmful gases exceeding a given limit.
The overall European smart mining market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the market based on the segmentation pertaining to the market in Europe. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe smart mining market ABB Ltd, Alastri, Caterpillar Inc, SAP SE, Trimble Inc, and Hitachi Ltd are among the players operating in the Europe smart mining market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe smart mining market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe smart mining market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Smart Mining Market Landscape
5. Smart Mining Market - Key Market Dynamics
6. Smart Mining - Europe Market Analysis
7. Smart Mining Market - By Component
8. Smart Mining Market - By Mining Type
9. Europe Smart Mining Market - Country Analysis
10. Industry Landscape
11. Company Profiles
12. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd
- Alastri
- Caterpillar Inc
- Intellisense.io
- Hexagon AB
- Hitachi, Ltd
- MineSense
- Rockwell Automation, Inc
- SAP SE
- Trimble Inc
