Title: Mining Automation Market-Industry Insights and Opportunity Analysis, 2018-2026
1Mining Automation Market- Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025
2REPORT DESCRIPTION
Mining Automation Market Regional Insights The
global mining automation market is segmented on
the basis of regions into North America, Europe,
Asia Pacific, Latin America, Middle East, and
Africa. The market for mining automation in Asia
Pacific accounted for largest share in the global
market in 2016. This growth is attributed to
increasing exploration activities in Australia
and presence of leading mining companies, which
includes Rio Tinto, Fortescue Metals Group, and
BHP Billiton. According to Mining.com a leading
digital publication covering the global mining
sector, among minerals gold is the leading sector
accounted 45 of the total exploration
expenditure in 2016, but from 2017 expenditure in
base materials such as copper, nickel, and zinc
among others are increasing. In 2017, Australian
government announced to invest US 79.8 million
to small and medium sized mining companies for
encouraging exploration. Moreover, Western
Australia have already been started using
automated mining equipment. For example, The
Morobe Mining Joint Venture (MMJV) set up a new
flotation control system that aids in adjustment
of mass balances. The Australian Centre for Field
Robotics (ACFR) collaborated with Rio Tinto, for
the establishment of the Rio Tinto Centre for
Mine Automation (RTCMA) in 2007 through to 2019.
The purpose of RTCMA is to improve and implement
the visualization of an entirely autonomous,
remotely operated mine. To Get Discount on this
Report https//www.coherentmarketinsights.com/ins
ight/request-discount/1345
3 REPORT DESCRIPTION
Mining Automation Market Overview
Mining automation refers to highly efficient
autonomous equipment installation that enhances
productivity and improves safety. The market for
global mining automation is expected to witness
significant growth due to increased need for
safety, higher productivity, and increased energy
efficiency requirement and environmental
sustainability. According to a Fatal Accidents in
the Mining Industry Report, by Government of
Western Australia Department of Mines and
Petroleum, there were 52 fatal accidents over the
period (20002012), in which 17 were underground
and 35 were on the surface. Mining was primarily
considered as a high risk job due to exposure to
harmful vapors, flammable gases, unbalanced
materials, susceptibility to fires and roof
collapses, leading to serious threat to human
lives. Most conventional systems are not adept at
detecting the presence of the target material
that needs to be mined and also any such hazards
that might be lurking beneath the surface,
without human intervention. Mining automation
technology helps in detection of dangerous areas
in underground mining by sending drones or
robots, which collects samples and make a model
for best outcome before attempting. Thus mining
automation reduce unnecessary expenditure, avoid
waste, incorporate operation and faster
production rate. Deployment of automation aids in
improving safety in mines as it requires less
human intervention.
4REPORT DESCRIPTION
- Mining Automation Market Taxonomy
- On the basis of product type, the global mining
automation market is segmented into - Equipment
- Smart Ventilations System
- Autonomous Hauling Truck
- Pumping Stations
- Autonomous Drilling Rig
- Underground LHD Loader
- Tunneling Equipment
- Others
- Software
- Fleet Management
- Workforce Management
- Proximity Detection and Collision Avoidance
System - Remote Operating and Monitoring
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5
5REPORT DESCRIPTION
Mining Automation Market Regional Insights The
global mining automation market is segmented on
the basis of regions into North America, Europe,
Asia Pacific, Latin America, Middle East, and
Africa. The market for mining automation in Asia
Pacific accounted for largest share in the global
market in 2016. This growth is attributed to
increasing exploration activities in Australia
and presence of leading mining companies, which
includes Rio Tinto, Fortescue Metals Group, and
BHP Billiton. According to Mining.com a leading
digital publication covering the global mining
sector, among minerals gold is the leading sector
accounted 45 of the total exploration
expenditure in 2016, but from 2017 expenditure in
base materials such as copper, nickel, and zinc
among others are increasing. In 2017, Australian
government announced to invest US 79.8 million
to small and medium sized mining companies for
encouraging exploration. Moreover, Western
Australia have already been started using
automated mining equipment. For example, The
Morobe Mining Joint Venture (MMJV) set up a new
flotation control system that aids in adjustment
of mass balances. The Australian Centre for Field
Robotics (ACFR) collaborated with Rio Tinto, for
the establishment of the Rio Tinto Centre for
Mine Automation (RTCMA) in 2007 through to 2019.
The purpose of RTCMA is to improve and implement
the visualization of an entirely autonomous,
remotely operated mine. To Get Discount on this
Report https//www.coherentmarketinsights.com/ins
ight/request-discount/1345
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