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Green Mining Market

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    Report

  • 118 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724187
The global green mining market size is expected to reach USD 27.76 billion by 2032, according to a new study. The report “Green Mining Market Share, Size, Trends, Industry Analysis Report, By Type (Surface Mining and Underground Mining); By Technology; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing focus of key market players and governments on eco-friendly and sustainable practices in the mining industry to curb a variety of environmental concerns and enhancements in the performance of mining equipment are major factors expected to boost the growth of the global market over the course of the anticipated period.

Implementation of advanced green mining technology helps to achieve sustainable development and control problems. Companies are looking for the latest and greener technologies like power reduction which is positively impacting the market growth.

For instance, in November 2022, Epiroc introduced its new Smart and Green series highlighting zero-emission and automation, which is the next step in promoting newly developed technology with several initiatives and partnerships. The company has launched this with an aim to produce the world’s greenest machines with smart functionality that comes with improved productivity, safety, and machine availability.

In recent years, the demand and penetration for green energy have gained high traction across the globe, as it relies heavily on raw materials including lithium and cobalt, which are highly sourced from mining activities rather than the energy sourced from the burning of fossil fuels, which fueled the growth and likely to impact the demand positively in the coming years. In addition, growing practices and measures of water and energy consumption, minimizing land disturbances, and waste production, and helping mining processes become more environmentally sustainable.

The growing need for adoption and integration of carbon-reducing technologies with automation and digital systems and increased focus on electrifying the entire mining ecosystem through innovative business models and collaborations to achieve climate-change targets, enhancing green mining technology all around the world.

Green Mining Market Report Highlights

  • Surface mining segment is expected to grow fastest at a CAGR during the anticipated period due to its wide range of beneficial features such as lower production cost, cheaper equipment, and improved safety of miners
  • Power reduction segment is estimated to hold a significant revenue share throughout the projected period, which is accelerated by growing penetration and the emergence of processes associated with the reduction of solid materials
  • Asia Pacific region is likely to register significant growth during the anticipated period owing to a high consumer base and expansion of various sustainable practices along with the rising innovations in mining technologies in countries like India and China
  • The global key market players include Tata Steel Limited, Saudi Arabian Mining Corporation, Vale S.A., Jiangxi Copper Corporation, and Dundee Precious Metals

The publisher has segmented the green mining market report based on type, technology, and region:

Green Mining, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Surface Mining
  • Underground Mining

Green Mining, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

  • Power Reduction
  • Fuel and Maintenance Reduction
  • Emission Reduction
  • Water Reduction
  • Others

Green Mining, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Green Mining Market

What is the estimated value of the Green Mining Market?

The Green Mining Market was estimated to be valued at $12.01 billion in 2023.

What is the growth rate of the Green Mining Market?

The growth rate of the Green Mining Market is 9.8%, with an estimated value of $27.76 billion by 2032.

What is the forecasted size of the Green Mining Market?

The Green Mining Market is estimated to be worth $27.76 billion by 2032.

Who are the key companies in the Green Mining Market?

Key companies in the Green Mining Market include BHP Billiton, Anglo American PLC, Tata Steel Limited, Jiangxi Copper Corporation, Dundee Precious Metals, Liebherr, VALE S.A., Rin Tinto and Doosan Infracore.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Green Mining Market Insights
4.1. Green Mining Market - Industry Snapshot
4.2. Green Mining Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rapidly growing use of electric vehicles
4.2.1.2. Increasing utilization of renewable energy in the process of green mining
4.2.2. Restraints and Challenges
4.2.2.1. High initial investments
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Green Mining Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Green Mining Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Green Mining, by Type, 2019-2032 (USD Billion)
5.3. Surface Mining
5.3.1. Global Green Mining Market, by Surface Mining, by Region, 2019-2032 (USD Billion)
5.4. Underground Mining
5.4.1. Global Green Mining Market, by Underground Mining, by Region, 2019-2032 (USD Billion)

6. Global Green Mining Market, by Technology
6.1. Key Findings
6.2. Introduction
6.2.1. Global Green Mining Market, by Technology, 2019-2032 (USD Billion)
6.3. Power Reduction
6.3.1. Global Green Mining Market, by Power Reduction, by Region, 2019-2032 (USD Billion)
6.4. Fuel and Maintenance Reduction
6.4.1. Global Green Mining Market, by Fuel and Maintenance Reduction, by Region, 2019-2032 (USD Billion)
6.5. Emission Reduction
6.5.1. Global Green Mining Market, by Emission Reduction, by Region, 2019-2032 (USD Billion)
6.6. Water Reduction
6.6.1. Global Green Mining Market, by Water Reduction, by Region, 2019-2032 (USD Billion)
6.7. Others
6.7.1. Global Green Mining Market, by Others, by Region, 2019-2032 (USD Billion)

7. Global Green Mining Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Green Mining Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Green Mining Market - North America
7.3.1. North America: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.3.2. North America: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.3.3. Green Mining Market - U.S.
7.3.3.1. U.S.: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.3.3.2. U.S.: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.3.4. Green Mining Market - Canada
7.3.4.1. Canada: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.3.4.2. Canada: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.4. Green Mining Market - Europe
7.4.1. Europe: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.4.2. Europe: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.4.3. Green Mining Market - UK
7.4.3.1. UK: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.4.3.2. UK: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.4.4. Green Mining Market - France
7.4.4.1. France: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.4.4.2. France: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.4.5. Green Mining Market - Germany
7.4.5.1. Germany: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.4.5.2. Germany: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.4.6. Green Mining Market - Italy
7.4.6.1. Italy: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.4.6.2. Italy: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.4.7. Green Mining Market - Spain
7.4.7.1. Spain: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.4.7.2. Spain: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.4.8. Green Mining Market - Netherlands
7.4.8.1. Netherlands: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.4.8.2. Netherlands: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.4.9. Green Mining Market - Russia
7.4.9.1. Russia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.4.9.2. Russia: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.5. Green Mining Market - Asia Pacific
7.5.1. Asia Pacific: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.5.2. Asia Pacific: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.5.3. Green Mining Market - China
7.5.3.1. China: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.5.3.2. China: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.5.4. Green Mining Market - India
7.5.4.1. India: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.5.4.2. India: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.5.5. Green Mining Market - Malaysia
7.5.5.1. Malaysia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.5.5.2. Malaysia: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.5.6. Green Mining Market - Japan
7.5.6.1. Japan: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.5.6.2. Japan: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.5.7. Green Mining Market - Indonesia
7.5.7.1. Indonesia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.5.7.2. Indonesia: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.5.8. Green Mining Market - South Korea
7.5.8.1. South Korea: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.5.8.2. South Korea: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.6. Green Mining Market - Middle East & Africa
7.6.1. Middle East & Africa: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.6.2. Middle East & Africa: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.6.3. Green Mining Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.6.3.2. Saudi Arabia: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.6.4. Green Mining Market - UAE
7.6.4.1. UAE: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.6.4.2. UAE: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.6.5. Green Mining Market - Israel
7.6.5.1. Israel: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.6.5.2. Israel: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.6.6. Green Mining Market - South Africa
7.6.6.1. South Africa: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.6.6.2. South Africa: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.7. Green Mining Market - Latin America
7.7.1. Latin America: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.7.2. Latin America: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.7.3. Green Mining Market - Mexico
7.7.3.1. Mexico: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.7.3.2. Mexico: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.7.4. Green Mining Market - Brazil
7.7.4.1. Brazil: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.7.4.2. Brazil: Green Mining Market, by Type, 2019-2032 (USD Billion)
7.7.5. Green Mining Market - Argentina
7.7.5.1. Argentina: Green Mining Market, by Technology, 2019-2032 (USD Billion)
7.7.5.2. Argentina: Green Mining Market, by Type, 2019-2032 (USD Billion)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. BHP Billiton
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Anglo American
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Tata Steel Limited
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Jiangxi Copper
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Dundee Precious Metals
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Liebherr
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. VALE S.A
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Rin Tinto
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Saudi Arabian Mining
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Doosan Infracore
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Shandong Gold Mining
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. Green Twirl Energy
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Deloitte Australia
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. Wirtgen Group
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. Glencore
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development
9.16. Safe Green Mining
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Recent Development
9.17. Freeport-McMoRan
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Product Benchmarking
9.17.4. Recent Development

Companies Mentioned

  • BHP Billiton
  • Anglo American PLC
  • Tata Steel Limited
  • Jiangxi Copper Corporation
  • Dundee Precious Metals
  • Liebherr
  • VALE S.A.
  • Rin Tinto
  • Saudi Arabian Mining Corporation
  • Doosan Infracore
  • Shandong Gold Mining Co. Ltd.
  • Green Twirl Energy Ltd.
  • Deloitte Australia
  • Wirtgen Group
  • Glencore
  • Safe Green Mining Technology Pvt. Ltd.
  • Freeport-McMoRan.