The European Region Has Emerged As the Largest Consumer and Promoter of Green Mining Practices in 2019, Due To the Growth of Sustainable Practices in Countries Such As Germany, Russia and Poland – Axiom MRC
Date: January 2020
The key competitors of this market include BHP Billiton (Australia), Vale S.A (Brazil), Tata Steel (India), Anglo American (UK), Doosan Infracore (South Korea), Liebherr (Switzerland), Sany Group (China), Saudi Arabian Mining Corporation (Saudi Arabia), Shandong Gold Mining Co. Ltd. (China), Glencore (Switzerland), Rio Tinto (UK), Jiangxi Copper Corporation (China), Dundee Precious Metals (Canada).
Wilmington, January, 2020: Axiom Market Research & Consulting™ added a report on global green mining market which includes study on type and technology across various countries of key regions around the world. The global green mining market was projected to grow at a CAGR of 7.09% for the forecast period 2019 to 2026. The global market is estimated and forecasted in terms of revenue (USD million) generated by the green mining market.
Various types of green mining are segmented into surface and underground mining. Furthermore, numerous technologies of green mining are power reduction (comminution efficiency and hydrometallurgical processes), fuel and maintenance reduction (equipment route optimization, fuel additives, natural gas conversion and training simulators), toxicity reduction (bioleaching and bioremediation), emission reduction (carbon sequestration, dust management and interior bleaching) and water reduction (AMD/ARD remediation, desalination, tailings remediation and wastewater processing). The global green mining market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the world.
The surface segment dominated the global green mining market in 2019
The surface segment dominated the global green mining market in 2019. Surface mining has higher productivity, which drops the costs; in the case of underground mining, the equipment for maintaining productivity is more expensive as compared to the open pit equipment.
The power reduction technology emerged as a largest segment in 2019
Among the technologies, the power reduction technology emerged as a largest segment in 2019. Power reduction in the mining industry is the difference between the current energy consumption and the best practice energy consumption that corresponds to energy saving opportunities from the investments made in these technologies.
In 2019, the North America green mining market was dominated by the United States
The North America green mining market was dominated by the United States in 2019. The mining industry plays an important role in the US economy. It supplies coal, metals, industrial minerals, sand, and gravel across the industry value chain making the mining industry vital to the overall health of the economy.