Mining is the process of extracting minerals, metals and other valuable materials from the earth crust. Metals and minerals extracted from raw materials are widely used in industries such as agriculture, manufacturing, transportation, utilities, communication, and construction. Sand and gravel, coal and stone are non-metallic products of the mining industry.
Asia was the largest region in the mining market in 2016, accounting for 36% market share. China, India, Russia, Indonesia and other states of the CIS, dominate mining market in Asia. High demand for raw materials in many developing economies in Asia makes it occupy the highest share of the global mining market.
The Americas was the second largest region accounting for 26% market share. The USA and Canada are major hubs for mining. The consumption of commodities is very high in this region. On an average, every American uses approximately 3.4 tons of coal and nearly 40,000 pounds of newly mined materials each year. The United States generates about 4 trillion kilowatt hours of electricity and in that around 70% of the electricity generated was from fossil fuels (coal, natural gas, and petroleum).
Internet Of Things technology gives miners greater insights on the working condition of their equipment. Sensors on the mining machinery drives predictive maintenance that in turn reduces the likelihood of unplanned, unscheduled downtimes that often drain the resources of mining companies. IoT technology gives realistic insights on machine wear and tear rates that enable miners to plan maintenance schedule accordingly.
Mining Market Characteristics 4
Mining Sector Historic Growth 5
Drivers of the Market 6
Restraints on the Market 6
Mining Market Forecast 7
Drivers of the Market 8
Restraints on the Market 8
Mining Market Comparison With Other Markets 9
Mining Market Historic and Forecast Growth Comparison With Other Markets 11
Mining Market Segmentation 13
Coal mining 13
Support activities for mining 13
Metal ore mining 13
Mining Market Geography Split 15
Mining Market Competitors 17
Rio Tinto 18
BHP Billiton 18
Mining Market Key Mergers and Acquisitions 20
Mining Market Trends and Strategies 21
IoT Technology In Mining 21
Shift To Open Pit Mining 21
3D Printing Technology In Mining 21
Research Methodology 22
NAICS Definitions Of Industry Covered In This Report 22
Research Inquiries 25
The Business Research Company 25
Figure 1: Global Mining Market, Historic Market Size, 2012-2016, $ Billion 5
Figure 2: Global Mining Market, Forecast Market Size, 2016-2020, $ Billion 7
Figure 3: Global Mining Market Value, Comparison With Other Markets, 2016, $ Billion 9
Figure 4: Global Mining Market, Historic and Forecast Growth Rate, Comparison With Other Industries, 2012-2020, Percentage (%) 11
Figure 5: Global Mining Market, Split By Segment, 2016, $ Billion 13
Figure 6: Global Mining Market, Split By Region, 2016, $ Billion 15
Figure 7: Global Mining Market, Key Competitor Market Shares, 2015 , Percentage (%) 17
Table 1: Global Mining Market, Historic Market Size, 2012-2016, $ Billion 5
Table 2: Global Mining Market, Forecast Market Size, 2016-2020, $ Billion 7
Table 3: Global Mining Market Value, Comparison With Other Markets, 2016, $ Billion 9
Table 4: Global Mining Market, Historic and Forecast Growth Rate, Comparison With Other Industries, 2012-2020, Percentage (%) 11
Table 5: Global Mining Market, Split By Segment, 2016, $ Billion 14
Table 6: Global Mining Market, Split By Region, 2016, $ Billion 16
Table 7 : Global Mining Market, Key Competitor Market Shares, 2015 , Percentage (%) 17
BHP Billiton, Anglo American, Coal India Limited, Rio Tinto, China Shenhua Energy, Glencore Xtrata, Vale, Freeport McMoran Copper and Gold
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