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MarketersMEDIA / Newsroom / Global Smart Mining Market is expected to reach $37,044.50 million by 2027 growing at a CAGR of 16.9% during 2018 to 2027.

Global Smart Mining Market is expected to reach $37,044.50 million by 2027 growing at a CAGR of 16.9% during 2018 to 2027.

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Some of the key players profiled in the Smart Mining Market include Wenco International Mining Systems Ltd, Trimble Inc., Symboticware Inc., SAP SE, Rockwell Automation Inc., Outotec OYJ, Intellisense.IO, IBM Corporation, Hexagon AB, Cisco Systems Inc., Atlas Copco , and ABB Ltd.

— Rising focus on safety & health, rapid adoption of IoT (Internet of Things) solutions, and increasing adoption of autonomous equipment are the major factors driving the market growth. However, stringent government regulations concerning air, water, and environment are restraining the market growth.

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Smart mining refers to the use of data, self-sufficiency, and technology to facilitate high productivity, improved safety, and low operational expenses during mining. Smart mining, also known as telerobotic mining, includes remote-controlled robotic machinery for reducing the risk for miners and improving mineral extraction.

Based on the mining type, the underground mining segment is likely to have a huge demand because underground mining is used to extract ore from below the surface of the earth safely, economically and with as little waste as possible.

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By geography, North America is going to have a lucrative growth during the forecast period due to its mining industry (especially coal mining), due to political sensitivity and some of the prominent players operating across the region.

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Equipments Covered:
• Excavator
• Robotic Truck
• Drillers & Brakers
• Load Haul Dump

Mining Types Covered:
• Surface Mining
• Underground Mining

Components Covered:
• Software
• Solution
• Service
• Hardware

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-smart-mining-market-is-expected-to-reach-3704450-million-by-2027-growing-at-a-cagr-of-169-during-2018-to-2027/88936374

Source: MarketersMedia

Release ID: 88936374

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