Research Beam added report on “World Smart Mining Market Technology, Trends, Analysis, Growth and Research – Smart Mining Market by Hardware Component (Sensors, RFID tags, Intelligent Systems), System & Solution (Logistics Software, Data & Operation Management Software, Safety & Security Systems, Connectivity Solutions, Analytics Solutions, Remote Management Solutions, Asset Management Solutions), Service (Support & Maintenance, System Integration, Consulting Services) – Global Opportunity Analysis and Industry Forecast, 2014 – 2022”
Smart mining refers to the use of information, autonomy, and technology to gain better productivity, safety, and reduce operational costs for a mine site. Mining companies focus to improve the productivity by offering innovative software & solutions. Smart mining also includes remote-controlled robotic machinery for mineral extraction, which is referred to as telerobotic mining and reduces the risk for miners. Caterpillar uses robots at Gabriela Mistral mine in Antofagasta to enrich the efficiency of maintenance services.
Increased focus on safety & health, accelerating adoption of IoT (internet of things) solutions, and rise in adoption of autonomous equipment drives the market growth. However, absence of highly skilled and qualified labor, availability of poor infrastructure and government regulations concerning air, water and overall environment quality restrict the headway. Nonetheless, plant automation and upsurge in digital mining concepts are expected to strengthen the growth. Smart mining market generated a revenue of $5,328 million in 2014 and is expected to reach a market value of $15,837 million by 2022 with a CAGR of 14.9%.
Read Full Report with TOC @ http://www.researchbeam.com/smart-mining-market
The market is classified on the basis of type, category, and geography. Type wise, the market is segmented into underground mining and surface or open pit mining. By category, the market is classified into automated equipment and component. The automated equipment includes excavators, load haul dump, drillers & brakers, robotic trucks, and other automated equipment. Excavators generated the highest revenue in the year 2014 owing to integration of high precision GPS system, laser scanners, and remote control solution while load haul dump is expected to generate notable revenue by 2022. Based on component, the market is categorized into hardware, software & solution, and services. Hardware component encompasses sensors, RFID tags, intelligent systems, and others. On the basis of software & solution, it is segmented into logistics software, data & operation management software, safety & security systems, connectivity solutions, analytics solutions, remote management solutions, and asset management solutions. By services, it is divided into support & maintenance (engineering services), system integration (deployment services), and consulting services. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific contributed the highest revenue in 2014 and is expected to dominate the market during the forecast period.
Key players that operate in this market are ABB Group, Rockwell Automation, Inc., Komatsu Ltd., Trimble Navigation Limited, Alastri, Caterpillar Inc., Hitachi Construction Machinery Co., Ltd., Joy Global Inc., Cisco Systems, Inc., and Hexagon AB.
Get Sample Copy @ http://www.researchbeam.com/smart-mining-market/request-sample
Ask for Discount @ http://www.researchbeam.com/smart-mining-market/purchase-enquiry
With the arsenal of different search reports, Research Beam helps you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency. With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market that can suit your needs and help you take decision accordingly.