Salt Global Market Report 2023 – By Type (Rock Salt, Salt In Brine, Solar Salt, and Vacuum Pan Salt), By Mining Type (Underground Mining, Surface Mining) – Market Size, Trends, And Global Forecast 2023-2032

The coal, lignite, and anthracite market consists of sales of coal, lignite, and anthracite by entities (organizations, sole traders and partnerships) that mine bituminous, anthracite, and lignite coal by underground mining, strip mining, culm bank mining, and other surface mining techniques. It also includes the development of coal mine sites, and improvement of coal, including cleaning, washing, screening, and sizing of coal. The main types are coal, lignite, and anthracite. Anthracite is submetallic luster coal that is hard and compact. It is the highest-ranking of coal as it has the highest carbon content, the fewest impurities, and the highest energy density of all types of coal. The various mining technologies used include surface mining and underground mining by large enterprises, small and medium enterprises. The end-user industry of coal, lignite, and anthracite are electricity, steel, cement, and others. The coal, lignite, and anthracite market research report is one of a series of new reports from The Business Research Company that provides coal, lignite, and anthracite market statistics, including coal, lignite, and anthracite industry global market size, regional shares, competitors with a coal, lignite, and anthracite market share, detailed coal, lignite, and anthracite market segments, market trends and opportunities, and any further data you may need to thrive in the coal, lignite, and anthracite industry. This coal, lignite, and anthracite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global coal, lignite, and anthracite market grew from $804.16 billion in 2021 to $848.44 billion in 2022 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The coal, lignite, and anthracite market is expected to grow to $1,057.41 billion in 2026 at a CAGR of 5.7%. The increasing share of coal in power generation in some countries is expected to drive the coal market. About 20 countries are turning to coal for power generation, including nine in Africa (Democratic Republic Congo, Egypt, Côte d'Ivoire, Kenya, Morocco, Mozambic, Niger, Senegal and Tanzania), three in Central America (Dominican Republic, Panama, and Salvador), two in the Middle East (the UAE and Jordan) and three in Asia (Bangladesh, Cambodia and Myanmar). By 2025, more than 65 coal-fired power plants could be commissioned in these countries, representing a capacity of 50 GW. Significant increases in coal use are also expected in Vietnam, the Philippines, and Malaysia. Countries such as China, India and Indonesia, where electricity is produced primarily from coal, will significantly reduce the share of coal in their power mix, but not below 35%, due to the abundance of domestic coal reserves and their economic attractiveness. The continued demand for coal in power generation globally and the increasing share of coal in power generation in some countries will drive the coal market going forward. Negative environmental impacts of coal will push coal end users to shift to alternative sources going forward. Coal-fired power plants are the largest individual sources of climate pollution. They are globally responsible for more than 70% of CO2 emissions in the power generation industry; this is expected to restrain the growth of coal mines. Coal burning also leads to the death of about 3.5 million people annually from air pollution. According to the IMF, global coal's combined external costs and damages to health, land, water, and nature are estimated at about EUR 3 trillion ($3.3 trillion) annually, which is equivalent to 4% of global GDP. The environmental impacts of coal will act as a restraint on the coal, lignite, and anthracite mining market Coal mining companies are using 3D mine visualizers to obtain a real-time digital model of a mine. A 3D mine visualizer generates a three-dimensional model of the mine layout and transfers it directly to the operator. With a web-based interface, information about the model is available with any connected device. It offers full record and playback capabilities in 3D thus allowing operators to review and analyze historical data in order to improve productivity and identify best practices. 3D mine visualizers significantly enhance the productivity of large mining environments. It is a valuable tool in operations planning, analyzing problematic areas, and tracking mine development over time. Companies such as Sandvik and Komatsu are offering 3D visualizer systems. Major companies in the coal, lignite, and anthracite market include China Shenhua Energy Company Limited, Glencore International, China Coal Energy Company Limited, Coal India Ltd, Shaanxi Coal Industry Company Limited, Yanzhou Coal Mining Co Ltd, BHP Group, Coal & Allied Industries, Anglo American plc and Yangquan Coal Industry Group. Asia Pacific was the largest region in the coal, lignite, and anthracite market in 2021. Eastern Europe was the second largest region in of the coal, lignite, and anthracite market. The regions covered in the coal, lignite, and anthracite market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the coal, lignite, and anthracite market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Vietnam, Bangladesh, Ukraine, and Iran. The global coal, lignite, and anthracite market is segmented - 1) By Type: Coal, Lignite, Anthracite 2) By End-User Industry: Electricity, Steel, Cement, Other End-User Industries 3) By Mining Technology: Surface Mining, Underground Mining 4) By Organisation Size: Large Enterprises, Small And Medium Enterprises Subsegments Covered: Bituminous Coal, Sub-Bituminous Coal

Mining machinery and equipment is defined as electrical or diesel-powered heavy-duty machinery or equipment involved in the excavation, transportation, and processing of commodities such as coal, minerals, and metals. The main types of mining machinery are underground mining machinery, surface mining machinery, drills and breakers, crushing, pulverizing, and screening equipment, mineral processing machinery, feed conveyors, stackers, and reclaimers. Pulverizing reduces minerals into small particles. Crushing reduces the size of materials into small substances for further processing. Screening separates one material from the other during the mechanical screening process. These mining machines are used for transportation, processing, and excavation in coal, minerals, and metals mining. The global mining machinery and equipment market is segmented – 1) By Product Type: Underground Mining Machinery, Surface Mining Machinery, Drills and Breakers, Crushing, Pulverizing, and Screening Equipment, Mineral Processing Machinery, Other Product Types 2) By Function Type: Transportation, Processing, Excavation 3) By Application: Coal, Mineral, Metal The global mining machinery and equipment market size is expected to grow from $70.35 billion in 2022 to $78.08 billion in 2023 at a compound annual growth rate (CAGR) of 11%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of mining machinery and equipment is expected to reach $113.35 billion in 2027 at a CAGR of 9.8%. The increasing demand for mining is fueling the growth of the mining machinery and equipment market. Underground advanced mining equipment such as trucks, loaders, and diggers are used to dig up the material, and is usually transported to the ground through skips or lifts for further production. In the economic growth of developed nations such as Australia, the USA, and Canada, mining has performed a key role. Mining is notably crucial to the US economy because the USA is among the largest buyers of mineral resources and one of the largest producers in the world. For instance, according to the USA Geological report, in 2021, US mines produced nearly $90.4 billion worth of nonfuel minerals, which is 12% more compared to 2020. Therefore, the increasing demand for mining drives the growth of the mining machinery and equipment market. Major players in the mining machinery and equipment market are Caterpillar Inc., Komatsu Ltd., Metso Corporation, Sandvik AB, Doosan Corporation, Liebherr, Hitachi Construction Machinery Co., Ltd., Atlas Copco AB, Epiroc AB, Sany Heavy Equipment International Holdings Company Limited, Hyundai Heavy Industries, Joy Global Inc., Astec Industries Incorporated, Bell Equipment Limited, Boart Longyear Ltd., Bradken Limited, FLSmidth & Co., Furukawa Co. Ltd., Kopex SA, and Deere & Company. The impact of COVID-19 is expected to impede the growth of the mining machinery and equipment market over the forecast period. The mining industry has struggled with economic problems, but the COVID-19 outbreak is unparalleled, even for the major firms on the market. The sudden breakdown of day-to-day activity and total lockdown throughout countries for months, combined with a persistent threat to human life, has impacted the mining sector. For instance, in 2021, Shell, the leading supplier of lubricants to the mining industry, reported that about 80% of mining companies encountered operational difficulties, such as lack of qualified staff and inadequate steps to retain workers secure when implementing advanced technologies. Therefore, the impact of COVID-19 hampers the growth of the mining machinery and equipment market. The growing technological advancements are a major trend shaping popularity in the mining machinery and equipment market. Major firms operating in the mining machinery sector are focusing on developing advanced technology solutions for mining machinery. For instance, in September 2020, Sandvik, a Sweden-based engineering group in mining and rock excavation, metal-cutting, and materials technology developed a concept vehicle, which is built on high-end technology and fitted with entirely new sensing technologies and artificial intelligence to improve mining procedures. The AutoMine Model that is used, views its surroundings and atmosphere in 3D and responds in real-time. These technologies give specific consumer benefits by enabling vehicles to adapt and schedule their own ways and to find the most efficient paths even in ever-changing environments. In October 2022, Austin, a US-based company that specializes in mining equipment design and manufacturing, acquired Mainetec Pty Ltd for the amount of US $19.6 million. This acquisition expands Austin’s range of offerings for Hulk buckets and other products and provides product progressing plans across the USA, Canada and Chile markets. Mainetec Pty Ltd is an Australia -based manufacturer of mining equipment. Asia-Pacific was the largest region in the mining machinery market in 2022. The regions covered in the mining machinery and equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the mining machinery and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The mining machinery and equipment market consists of sales of coal breakers machine, mining cars, core drills, coal cutters, rock drills, and manufacturing mineral beneficiating machinery and equipment used in surface or underground mines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The mining machinery and equipment market research report is one of a series of new reports from The Business Research Company that provides mining machinery and equipment market statistics, including mining machinery and equipment industry global market size, regional shares, competitors with a mining machinery and equipment market share, detailed mining machinery and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the mining machinery and equipment industry. This mining machinery and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Green mining is using technologies to decline carbon emissions in operations and mitigate adverse environmental impacts in mining. The main types of green mining are surface and underground. Surface green mining is a method of extracting minerals near the surface of the Earth. There are two principal types of surface mining, including strip mining and open-pit mining. These green mining services are of various technology types, such as power reduction, emission reduction, water reduction, and others. Different applications, such as mining and exploration geology, use green mining. The global green mining market is segmented - 1) By Type: Surface, Underground 2) By Technology: Power Reduction, Emission Reduction, Water Reduction, Other Technologies 3) By Application: Mining, Exploration Geology The global green mining market size will grow from $8.94 billion in 2022 to $9.63 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global green mining market is expected to grow to $13.65 billion in 2027 at a CAGR of 9.1%. Increasing demand for surface mining techniques is driving the growth of the green mining market. For several reasons, surface mining is often preferred over underground mining by mining companies. The surface mining technique is less expensive and also a safe method of mining. Surface mining comprises five sub-types: strip mining, open-pit mining, dredging, high-wall mining, and mountaintop removal. For instance, in 2022, according to Intech Open, Open pit mining had higher productivity, lower productions costs and more safe and hygienic environment which made it more preferable over underground mining. Therefore, the increasing demand for surface mining techniques drives the green mining market rapidly. Major players in the green mining market are BHP Billiton, TATA Steel, Anglo American, Glencore, Dundee Precious, Rio Tinto, Freeport-McMoRan, Shandong Gold Mining Co. Ltd., Jiangxi Copper Corporation, Doosan Infracore, Sany Heavy Industry Co., Ltd., Vale S.A., Saudi Arabian Mining Corporation, and Ma’aden. Technological advancement is a key trend gaining popularity in the green mining market. New product brands are the pillars of further development and are not only eco-friendly but also eco-effective. It will create a green, healthy, and productive ecosystem of stakeholders that produces eco-friendly products to meet customer needs. For instance, in 2020, Tata Steel launched a new product, GalvaRoS-GP. Regular Spangle Product was designed to meet the needs of customers for galvanised steel sheets and coils that are eco-friendly, have superior corrosion resistance, are available in custom sizes, and provide a better return on investment. GalvaRoS is 100% RoHS compliant and offers product authenticity. This customised product gives the customers a better offer and ROI while strictly adhering to the BIS standards. In November 2021, Evolution Mining, an Australian gold mining company, acquired Ernest Henry Mining from Glencore for A$1 billion, comprising A$800 million on the closing of the transaction and a further A$200 million payable 12 months after the transaction closes. With this acquisition, Evolution will assume full ownership and operational control of the copper-gold mine and will enter into a copper concentrate offtake agreement and a separate ore tolling agreement with Glencore. Glencore PLC. is an Anglo-Swiss multinational commodity trading and mining company. Asia-Pacific was the largest region in the green mining market share in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the global green mining market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Green Mining market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The green mining market consist of sales of solar panels, wind power and others that utilizes minerals and metals which helps a transition to low-carbon technologies. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The green mining research report is one of a series of new reports from The Business Research Company that provides green mining statistics, including global market size, regional shares, competitors with green mining shares, detailed green mining segments, market trends and opportunities, and any further data you may need to thrive in the green mining industry. This green mining research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Mining support activities are direct services or service-related activities offered while performing different mining operations. The main types of mining support activities are coal mining support activities, metal mining support activities and nonmetallic minerals mining support activities. The coal mining support activities include activities such as exploration for coal and traditional prospecting methods, such as taking core samples and making geological observations at prospective sites on a contract or fee basis. The services are provided by independent contractors and companies to mining companies, construction companies, and others. The global mining support activities market is segmented - 1) By Type: Coal Mining Support Activities, Metal Mining Support Activities, Nonmetallic Minerals Mining Support Activities 2) By Service Provider Type: Independent Contractors, Companies 3) By Application: Mining Companies, Construction Companies, Other Applications Subsegments Covered: Coal Mining Drilling Services, Coal Mining Exploration Services, Coal Mining Draining Services, Other Coal Mining Support Activities, Metal Mining Drilling Services, Metal Mining Exploration Services, Metal Mining Draining Services, Other Metal Mining Support Activities, Nonmetallic Minerals Mining Drilling Services, Nonmetallic Minerals Mining Exploration Services, Nonmetallic Minerals Mining Draining Services, Other Nonmetallic Minerals Mining Support Activities The global mining support activities market size grew from $261.69 billion in 2022 to $281.76 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mining support activities market is expected to grow to $391.33 billion in 2027 at a CAGR of 8.6%. Government policies to support the mining industry is expected to drive the support activities for mining market. Governments are providing subsidies and encouraging foreign direct investments (FDI) in the mining industry. The amount of government support includes the support through governments' public finance institutions such as bilateral development banks and export credit agencies investing in mining projects, fiscal support through budget allocations and tax exemptions, and investments through majority state-owned mining and utility companies. For instance, in 2021, the Ministry of mines of the Government of India, enacted the Mines and Minerals Amendment Act 2021, and published The Mineral Conservation and Development Rules to facilitate the growth of Mining industry in India and to regulate the industry. These government policies will continue to support the mining processes and thus are projected to increase the growth of support activities for mining market. Major companies in the mining support activities market include The Metallurgical Corp of China, Hochtief AG, PT United Tractors Tbk, Perenti Global Ltd., NRW Holdings Limited, The Weir Group plc, Major Drilling Group International Inc., Aveng Limited, Boart Longyear Ltd., and Foraco International SA. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the support activities for mining market in 2020 as governments globally imposed lockdowns and restricted the movement of people and goods to contain the virus. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the support activities for mining market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. GIS technology is increasingly being used by mining companies to monitor critical factors such as sustainability, geological composition, and compliance. GIS systems capture, record, evaluate and present spatial or geographic data. GIS integrates exploration datasets such as geophysical images, geochemistry, geologic maps, radiometric surveys, boreholes, and mineral deposits leading to efficient discovery of new mineral deposits. This technology also provides 3D visualization tools as it integrates data from various data sources. They are also used in allied industries such as production, mine closure, and reclamation. For instance, according to GISGIG, the global GIS market is expected to reach $12.7 billion by 2024. Asia-Pacific was the largest region in the mining support activities market in 2022. Western Europe was the second largest region in the mining support activities market. The regions covered in the mining support activities market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the mining support activities market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Vietnam, Bangladesh, Ukraine, and Iran. The mining support activities market consists of revenue earned by entities by offering supporting activities on a contract or fee basis for coal, metal and nonmetallic mineral (except fuels) mining. Support activities include exploration of minerals, drilling, draining of mines and other support activities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The mining support activities market research report is one of a series of new reports from The Business Research Company that provides mining support activities market statistics, including mining support activities industry, global mining support activities market size, regional shares, competitors with a mining support activities market share, detailed mining support activities market segments, mining support activities market trends and opportunities, and any further data you may need to thrive in the mining support activities industry. This mining support activities market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Autonomous mining equipment is an autonomously or remotely operated machine that is involved in mining activity. The main types of autonomous mining equipment are autonomous hauling/mining trucks, autonomous drilling rigs, underground LHD loaders, tunnelling equipment, and other types. Autonomous equipment involves minimal human intervention and helps in safe and productive mining. The mines included are surface mines and underground mines. The various applications involved are metal, coal, and other applications. The global autonomous mining equipment market is segmented - 1) By Type: Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment, Other Types 2) By Mine: Surface Mines, Underground Mines 3) By Application: Metal, Coal, Other Applications The global autonomous mining equipment market size will grow from $2.6 billion in 2022 to $2.77 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global autonomous mining equipment is expected to grow to $3.5 billion in 2027 at a CAGR of 6.0%. Rising concerns regarding miners' safety are driving the autonomous mining equipment market. Mining is a dangerous profession with hazards such as fires, flooding, mine collapse, and health risks such as respiratory diseases, hearing loss, musculoskeletal disorders, and heat stress. Introducing autonomous equipment such as robotic loaders, laser sensors, and driverless trucks can help ensure workers’ safety. For instance, mining company Rio Tinto is using 73 driverless trucks in four of its iron mines in Australia to improve worker safety. More autonomous mining equipment is employed to minimize human intervention and thereby reduce accidents. Therefore, rising concerns regarding the safety of mine workers are expected to drive for the growth of the autonomous mining equipment market. Major players in the autonomous mining equipment market are Caterpillar, Komatsu, Rockwell Automation, Hitachi, Sandvik, Hexagon, and Atlas Copco. Judgment errors are expected to limit the growth of the autonomous mining equipment market. Incidence of accidents may take place and it often fails to give expected outcomes as they lack flexibility and are unable to handle unanticipated situations. Passive operations fail to take corrective actions in equipment malfunctioning which may result in accidents and losses. Autonomous mining equipment companies have recently been affected by the COVID-19 outbreak. The global pandemic has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities, thereby, affecting the entire mining industry. Mining companies are resorting to production slowdown, operations shut down, and workforce demobilization, due to which the scale of productivity has dropped. Many mines have already implemented autonomous mining technology, however, practically, the mining activity is not possible without human intervention. Moreover, the continuous lock-down in many areas resulted in supply disruption, reduced sales, and reduced demand for end-user industries, negatively affecting profit margins of autonomous mining equipment companies and limiting the growth of the market. Implementing data analytics such as artificial intelligence, machine learning, Internet of Things (IoT)-embedded systems, and other analytics in mining systems is a key trend in the autonomous mining equipment market. Artificial intelligence (AI) is helping to transform the mining industry into a safer, more profitable, and more environmentally friendly industry. AI can analyze vast quantities of data to better predict where to find better resources, along with minimizing errors. IoT system advances in mining equipment are making extraction cheaper without deteriorating existing grades. All of these changes are helping the industry improve its efficiency from mine to market. In August 2022, Epiroc, a Sweden-based mining company completed the acquisition of RNP México for an undisclosed amount. This acquisition strengthens Epiroc’s offering of rock drills and spare parts in Latin America. RNP México is a Mexico-based company that develops, manufactures, and sells rock drills and related components, serving mining and construction customers in Latin America. Asia-Pacific was the largest region in the autonomous mining equipment market in 2022. North America was the second-largest region in the autonomous mining equipment market share. The regions covered in the global autonomous mining equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the autonomous mining equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The autonomous mining equipment market consists of sales of mining equipment which function with minimal human intervention and primarily help in safe mining and transportation of ores and other materials. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The autonomous mining equipment market research report is one of a series of new reports from The Business Research Company that provides autonomous mining equipment market statistics, including autonomous mining equipment industry global market size, regional shares, competitors with an autonomous mining equipment market share, detailed autonomous mining equipment market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous mining equipment industry. This autonomous mining equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The mining drill bits refer to the drill bit that creates a borehole by rotating and cutting rock and the hollow center of the drill helps the bit and drill rod to allow the cylindrical core to be kept. The main types of mining drill bits are rotary bits, DTH hammer bits, and other types. Rotary tools' bits are attached by chucks, collets, and mandrels and it refers to rotary tools that are frequently used for finishing tasks on wooden furniture and cabinets. The various material types involved are PDC diamond, tungsten carbide, steel, and other materials that are available in different bit sizes such as 5”, 5”-8”, 8”-11”, 11”-14”, and above 14 is used for surface mining and underground mining applications. The global mining drill bits market is segmented - 1) By Type: Rotary Bits, DTH Hammer bits, Other Types 2) By Material: PDC Diamond, Tungsten Carbide, Steel, Other Materials 3) By Bit Size: Below 5”, 5”-8”, 8”-11”, 11”-14”, Above 14"" 4) By Application: Surface Mining, Undergrund Mining The global mining drill bits market size will grow from $1.44 billion in 2022 to $1.56 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of mining drill bits is expected to grow to $2.02 billion in 2027 at a CAGR of 6.8%. The rising coal requirement is expected to drive the growth of the mining drill bits market going forward. Drills serve a variety of mining purposes, from giving geologists access to various soil samples for research to making it easier to collect valuable minerals from locations that would otherwise be inaccessible. There are drilling techniques can be used for every mining objective, whether it be for exploration, production, land clearing, or geotechnical applications. For instance, as per the report by International Energy Agency (IEA), a Paris- based autonomous intergovernmental organization, in July 2022, reported that in addition to the 14% increase from last year, the European Union's coal consumption is predicted to increase by 7% in 2022. Due to the country's expanding economy, demand for coal in India has been high since the year 2022 began and is anticipated to increase by 7% overall. Therefore, rising coal requirements are driving the demand for the growth of the mining drill bits market. Major players in the mining drill bits market are Brunner and lay, Caterpoillar Inc., Changsha Heijingang Industrial Co Ltd., Epiroc AB, Rocknore International, Sandvik AB, Western drilling tools Inc., Mitbushi Materials Corporation, Robit PLC., Xiamer Prodrill Equipment Co Ltd., Universal drilling technique LLC, Micon drilling Gmbh, Bart longyear, DATC group, and Western Drilling Tools Inc. Technological advancement is a key trend gaining popularity in the mining drill bits market. Major companies operating in the mining drill bits market are advancing in their new mining drill bits to sustain and strengthen their market position. For instance, in May 2022, Epiroc, a Sweden-based mining manufacturer and industrial equipment manufacturer company introduced a Powerbit X, a new drill bit protected by diamonds, through which a single hole can be dug by an operator using just one drill bit. In-hole bit replacements are an undesirable alternative that adds up to significant productivity losses over time. By switching to this new technology and adopting buttons with diamond protection, hundreds of hours could be saved. When compared to normal drill bits, Powerbit X's incredibly hard surface allows for a 90% reduction in CO2 emissions per drilled meter. Powerbit X uses less energy and resources because of its lengthy bit life. A decrease in the mining operation's need for drill bits also results in fewer transfers, both outside and inside the mine. In May 2021, Major Drilling Group, a Canada-based drilling and mine service company, acquired McKay Drilling for $62m. With this agreement, McKay Drilling hopes to provide clients with advantages throughout the entire project lifecycle, from resource definition to mine life extension, by combining its reverse circulation and diamond drilling expertise with Major Drilling's underground and mine services. McKay Drilling is a US-based professional drilling and testing services. Asia-Pacific was the largest region in the mining drill bits market in 2022. The regions covered in the mining drill bits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the mining drill bits market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The mining drill bits market consists of revenues earned by drilling hole, surface drilling, blasting, mineral assaying (geochemical and precious metals analysis), sample preparation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The mining drill bits market research report is one of a series of new reports from The Business Research Company that provides mining drill bits market statistics, including mining drill bits industry global market size, regional shares, competitors with mining drill bits market share, detailed mining drill bits market segments, market trends, and opportunities, and any further data you may need to thrive in the mining drill bits industry. This mining drill bits market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Mining is the process of extraction of minerals, metals and other valuable materials from the earth. The main types of mining are mining support activities, general minerals, stones, copper, nickel, lead, zInc., metal ore, coal, lignite, and anthracite. General minerals include mine construction sand and gravel, industrial sand, kaolin and ball clay, clay and ceramic and refractory minerals, potash, soda and borate mineral, phosphate rock, or other chemical and fertilizer minerals mining. The various processes used for mining are underground mining and surface mining. The different service providers include independent contractors and companies. The global mining market is segmented - 1) By Type: Mining Support Activities, General Minerals, Stones, Copper, Nickel, Lead, And Zinc, Metal Ore, Coal, Lignite, And Anthracite 2) By Process: Underground Mining, Surface Mining 3) By Service Provider: Independent Contractors, Companies Subsegments Covered: Coal Mining Support Activities, Metal Mining Support Activities, Nonmetallic Minerals Mining Support Activities, Other General Minerals, Potash, Salt, Magnesite, Sulfur, Kaolin, Asbestos, Feldspar, Boron, Gypsum, Talc, Graphite, Baryte, Bentonite, Diatomite, Lithium, Selenium, Perlite, Vermiculite, Arsenic, Diamond,, Dimension Stones, Crushed Stones, Copper, Zinc, Lead, Nickel, Gold Ore, Iron Ore, All Other Metal Ores, Silver Ore, Uranium Ore, Vanadium Ore, Coal, Lignite, Anthracite The global mining market size grew from $2022.6 billion in 2022 to $2145.15 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mining market is expected to grow to $2775.5 billion in 2027 at a CAGR of 6.7%. Government policies to support the mining industry is expected to drive the mining market. Governments are providing subsidies and encouraging foreign direct investments (FDI) in the mining industry. The amount of government support includes the support through governments' public finance institutions such as bilateral development banks and export credit agencies investing in mining projects, fiscal support through budget allocations and tax exemptions, and investments through majority state-owned mining and utility companies. For instance, in 2021, the Ministry of mines of the Government of India, enacted the Mines and Minerals Amendment Act 2021, and published The Mineral Conservation and Development Rules to facilitate the growth of Mining industry in India and to regulate the industry. These government policies will continue to support the growth of the mining market. Major companies in the mining market include BHP Group, Vale S.A., Rio Tinto, Glencore International, Anglo American plc, China Shenhua Energy Company Limited, China Coal Energy Company Limited, The Metallurgical Corp of China, Coal India Ltd and Corporacion Nacional del Cobre de Chile. Power generation companies are increasingly using alternate sources of energy such as natural gas, nuclear power, and renewable to produce clean and sustainable electricity. The decreasing cost of installation of renewable sources of energy is also driving the use of these sources for power generation. This is expected to act as a restraint on the demand for coal in power generation. According to the US Energy Information Administration (EIA), coal's share of the total world energy consumption is expected to decline from 22% in 2040. Renewable is expected to be the fastest growing energy source, with their consumption increasing at an average rate of 2.3% per year till 2040. The continuous shift to alternative sources for power generation will restrain the mining market. The use of renewable energy is helping mining companies reduce power costs and control emissions in the mines. As the solar or wind projects are built close to the mine sites, the cost of connecting to the power grid is also reduced. Site-appropriate renewable energy sources are reliable, consistent, and also economical. BHP and RioTinto have started using renewable energy sources in their mines. According to a report published by EY, RioTinto aims to generate 10% of 20MW – 25MW power demand from renewable energy in one of their mines and expects to reduce its diesel use by approximately 4 million liters, and its CO2 emissions by 12,000 tons. Also, in 2020, Rio Tinto approved the development of a large-scale solar photovoltaic and battery storage system for its western Australian Koodaideri mine. The solar plant will be one of Australia's largest photovoltaic installations at a mining site once completed. According to a report by Fitch Solutions, renewable energy used by mining companies from various sources include 57% solar thermal, 37% of solar PV, and 4% of wind energy. Asia-Pacific was the largest region in the mining market in 2022. North America was the second largest region in the mining market. The regions covered in the mining market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the mining market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Vietnam, Bangladesh, Ukraine, and Iran. The mining market consists of sales of minerals, metals and other valuable materials such as sand and gravel, coal and stone extracted from the earth crust. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The mining market research report is one of a series of new reports from The Business Research Company that provides mining market statistics, including mining industry, global mining market size, regional shares, competitors with a mining market share, detailed mining market segments, market trends, and opportunities, and any further data you may need to thrive in the mining industry. This mining market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The autonomous mining equipment and vehicles market consists of sales of autonomous mining equipment and vehicles by entities (organizations, sole traders, partnership) that can sense the environment and navigate on the mine haul road surface without any human intervention. Autonomous equipment and vehicles function with minimal human intervention and primarily help in the safe mining and transportation of ores and other materials. The main technologies of autonomous mining equipment and vehicles are surface mining techniques and underground mining techniques. The equipment used is a smart ventilation system, an autonomous hauling truck, pumping stations, an autonomous drilling rig, an underground LHD loader, tunneling equipment, and other equipment. The applications involved are metal mining, mineral mining, coal mining, and others. The global autonomous mining equipment and vehicles market size is expected to grow from $2.6 billion in 2021 to $2.94 billion in 2022 at a compound annual growth rate (CAGR) of 13.1%. The global autonomous mining equipment and vehicles market size is expected to grow to $4.09 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. Rising concerns regarding miners' safety are driving the growth of the autonomous mining equipment and vehicle market as more autonomous mining equipment is employed to minimize human intervention and thereby reduce accidents. Mining is a dangerous profession with hazards such as fires, flooding, mine collapses, and health risks such as respiratory diseases, hearing loss, musculoskeletal disorders, and heat stress. Introducing autonomous equipment such as robotic loaders, laser sensors, and driverless trucks can help improve worker safety. For instance, mining company Rio Tinto is using 73 driverless trucks in four of its iron mines in Australia to improve worker safety. Therefore, the rising concerns regarding miners' safety are expected to propel the growth of the autonomous mining equipment and vehicles market. Autonomous mining equipment manufacturers are increasingly investing in technologies for electrification of mining equipment to reduce costs and emissions. Mining companies are required to invest heavily in equipment and maintenance to remove exhaust gases and heat generated by underground mining equipment. According to EY, a typical underground mine is ventilated by 500 to 1,000 cubic meters per second of fresh air, and the mechanical refrigeration needed to remove diesel equipment heat has an upfront cost of $30 million to $38 million and annual electricity costs of $0.75 million to $2.2 million. These high investment and maintenance costs can be avoided by using autonomous mining equipment that uses electricity as its source of energy. In June 2020, Caterpillar Inc, a US-based construction machinery and equipment company acquired Marble Robot Inc. for an undisclosed amount. The acquisition is part of Caterpillar’s automation and autonomy strategy and demonstrates its commitment to the next generation of Jobsite solutions. Marble Robot, Inc. is a US-based robot and autonomy technology solutions company. Major players in the autonomous mining equipment and vehicles market are Caterpillar, Hitachi Ltd., Komatsu, Sandvik, and Atlas Copco. The regions covered in the global autonomous mining equipment and vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the autonomous mining equipment and vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global autonomous mining equipment and vehicles market is segmented - 1) By Technology: Surface Mining Technique, and Underground Mining Technique 2) By Equipment: Smart Ventilations System, Autonomous Hauling Truck, Pumping Stations, Autonomous Drilling Rig, Underground LHD Loader, Tunneling Equipment, and Others 3) By Application: Metal Mining, Mineral Mining, Coal Mining, Others