Green Mining Market is expected to grow from USD 9.05 Billion in 2019 to USD 15.90 Billion By 2027, at a CAGR of 7.2% during the forecast period 2017-2027
The global green mining market is estimated to reach value of USD 15.90 Billion by 2027, according to a current analysis by Emergen Research. The key factors driving the market are availability of cost-effective methods for mining, rise in pollution level, and increase in the need for maintaining the ecological balance. Surface mining is often preferred over underground mining by mining companies due to several reasons. The surface mining technique is less expensive; it is also a safe method of mining. Surface mining comprises five sub-types, including strip mining, open-pit mining, dredging, high-wall mining, and mountaintop removal. Open-pit mining is the most commonly used surface mining technique. The pit or hole in open-pit mining is created by blasting through explosives and drilling. The open-pit mining is mostly used to extract gravel, sand, and even rock.
Comprehensive coverage of aspects such as market potential, size, share, and growth aims at creating an equation for profitability- whether stakeholders, business owners, and field marketing executives need to understand their market foothold. The green mining report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2017-2027. The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers.
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Major Players/Manufacturers profiled in the report are:
BHP Billiton, TATA Steel, Anglo American, Glencore, Dundee Precious, Rio Tinto, Freeport-McMoRan, Shandong Gold Mining Co. Ltd, Jiangxi Copper Corporation, and Doosan Infracore
Further Key Findings from the Report Suggest:
- Power reduction is the most preferable technology in green mining. Improving the energy efficiency of comminution is essential for the mining organizations which want to stay in the competitive global market. The power reduction segment is projected to register a growth rate of 8.2% during the forecast period.
- North America is a major market for green mining. Rise in the number of awareness projects for environment protection are creating a positive impact among consumers are now shifting their demands for the products made from green mining method. . The U.S. is expected to hold a substantial share of the market in the region during the forecast period.
- In June 2019, TATA Steel completed the acquisition of Bhushan Energy (India). The National Company Law Tribunal approved the acquisition plan. This acquisition would help TATA steel maintain its reputation globally.
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For the purpose of this report, Emergen Research has segmented the global green mining market based on mining technique, technology, and region as follows:
Mining Technique Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
- Surface Mining Technique
- Underground Mining Technique
Technology Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
- Water Reduction
- Power Reduction
- Emission Reduction
- Fuel & Maintenance Reduction
The researchers have considered all the factors influencing the growth of the Green Mining market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Green Mining market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Green Mining market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report offers insightful information about the market dynamics of the Green Mining market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Green Mining market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Green Mining market.
Key Questions Answered in the Report:
What is the growth rate of the green mining market? What is the anticipated market valuation of green mining industry by 2027?
What are the key growth driving and restraining factors of the green mining market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the green mining industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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