Vermiculite Global Market Report 2023– By Type (Large Grade Vermiculite, Fine And Finer Grade Vermiculite, Medium Grade Vermiculite), By Product (Crude Vermiculite, Exfoliated Vermiculite), By End-User Industry (Chemical, Agriculture, Automotive, Construction, Other End-User Industries) – Market Size, Trends, And Global Forecast 2023-2032

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.

A desiccant is a hygroscopic substance that absorbs moisture from the environment and protects products from moisture damage. The desiccants are generally used to keep items dry and stable. The main types of desiccants are silica gel, zeolite, activated alumina, activated charcoal, calcium chloride, clay, and other types. Silica gel is defined as a non-crystalline and highly porous form of silica that is used for removing moisture from liquids and gases. It is used as a drying agent that protects certain commercial and food products. The major processes of desiccants include physical adsorption and chemical absorption. The various applications of desiccants include electronics, food, pharmaceuticals, packing, air and gas drying, and other applications. The global desiccants market is segmented – 1) By Type: Silica Gel, Zeolite, Activated Alumina, Activated Charcoal, Calcium Chloride, Clay, Other Types 2) By Process: Physical Absorption, Chemical Absorption 3) By Application: Electronics, Food, Pharmaceutical, Packing, Air & Gas Drying, Other Applications The global desiccants market size will grow from $0.15 billion in 2022 to $0.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. 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 the desiccants is expected to grow from $0.2 billion in 2027 at a CAGR of 5.4%. Increasing demand for desiccants in the packaging industry combined with that in consumer products drives the desiccants market growth. Desiccant packets are tiny sachets that contain bentonite clay, silica gel, molecular sieve, or other absorbent products to protect goods from humidity, moisture, odors, and other damaging elements. High humidity and moisture in the air lead to product damage in consumer goods, medical devices, and pharmaceutical products. Major players in the desiccants market are Porocel, Dow Chemical, INEOS, Fuji Silysia Chemical, Hengye Molecular Sieve, Qingdao Makll, Zeotec Adsorbents Private Limited, and Desicca Chemicals. High-cost investment for setting up machinery is restraining the growth of the desiccant market. An increase in machinery setup costs increases the production cost of the desiccants. This may increase the end-user price. Hence, restricting the growth of the desiccants industry. There is rising demand for desiccants in pharmaceuticals, chemicals, food, and beverages to control humidity in manufacturing and processing products. The rise in carbon percent and increased atmospheric temperature cause damage to products due to the high moisture content in the atmosphere. Various methods of dehumidification are used by these industries to avoid moisture content in their close vicinity. For example, desiccant wheels are the most effective and economical method used to control humidity levels for these industries. Desiccants are compounds or agents used to facilitate a low humidity environment by absorbing moisture content from the air during the storage or maintenance of materials and products. Desiccants are used in the pharmaceutical process chain. The correct selection and use of a desiccant can prevent chemical reactions and ensure the integrity and performance of finished products. For example, Pradaxa (dabigatran etexilate mesylate) is packaged in a bottle containing a 30-day supply with a desiccant (drying agent) in the cap to help keep moisture away from the capsules. In October 2022, Ingersoll Rand Inc., an American pumps and pumping equipment company agreed to acquire Air Treatment business of SPX Flow for $525 million. The acquisition expands the product offerings of Ingersoll Rand and enables future growth. Air Treatment business of SPX Flow provides desiccant and refrigerated dryers, filtration systems and purifiers. SPX Flow is a US-based provider of engineered flow components, process equipment, and turn-key systems. Asia-Pacific was the largest region in the desiccants market in 2022. North America was the second-largest region in the desiccants market share. The regions covered in the global desiccants market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the desiccants market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The desiccant market consists of the sales of indicating silica gel, molecular sieves, calcium oxide and calcium sulfate, montmorillonite clay, and nitrogen desiccants. 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 desiccants market research report is one of a series of new reports from The Business Research Company that provides desiccants market statistics, including desiccants industry global market size, regional shares, competitors with a desiccants market share, detailed desiccants market segments, market trends and opportunities, and any further data you may need to thrive in the desiccants industry. This desiccants 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.

Coal mining support activities are direct services or service-related activities offered while performing different operations for coal mining. The main types of coal mining support activities are coal mining drilling services, coal mining exploration services, coal mining draining services, and other coal mining support activities. Coal exploration entails the discovery of new coal deposits. It also entails assessing new or existing deposits to determine the quantity and quality of coal contained within them, as well as identifying any geological factors that may affect the recovery and use of the coal. The various processes involved are underground and opencast. The different service providers include independent contractors and companies. The global coal mining support activities market is segmented - 1) By Type: Coal Mining Drilling Services, Coal Mining Exploration Services, Coal Mining Draining Services, Other Coal Mining Support Activities 2) By Process: Underground, Opencast 3) By Service Provider Type: Independent Contractors, Companies The global coal mining support activities market size grew from $69.7 billion in 2022 to $74.64 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. 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 coal mining support activities market is expected to grow to $98.68 billion in 2027 at a CAGR of 7.2%. Companies providing support activities for coal mining are using technologies such as Remote Sensing, GIS, GPS, Digital photogrammetry, LiDAR during the coal exploration processes. High resolution satellite data is used in regional geological mapping as well as for locating the potential coal bearing area for detail exploration. In India CMPDI is using the satellite data from LISS-III, LISS IV, Carto I & II, IKONOS, WorldView-2, ASTER, Landsat 8, and RISAT for their cola exploration projects in India. Major companies in the coal mining support activities market include Hochtief AG, PT United Tractors Tbk, CIMIC Group, Downer Blasting Services (DBS), Barminco Holdings Pty Limited and Boart Longyear. Asia-Pacific was the largest region in the coal mining support activities market in 2022. Western Europe was the second largest region in the coal mining support activities market. The regions covered in the coal 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 coal 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 coal mining support activities (except site preparation and related construction activities) market consists of revenue earned by entities by offering supporting activitites on a contract or fee basis for coal mining. Exploration for coal is included in this market and it includes traditional prospecting methods, such as taking core samples and making geological observations at prospective sites (but not geophysical surveying and mapping services). 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 coal mining support activities market research report is one of a series of new reports from The Business Research Company that provides coal mining support activities market statistics, including coal mining support activities industry, market size, regional shares, competitors with a coal mining support activities market share, detailed coal mining support activities market segments, market trends and opportunities, and any further data you may need to thrive in the coal mining support activities industry. This coal 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.

The fossil fuel electric power generation market consists of sales of fossil fuel electric power and related services that convert fossil fuels into electrical energy and operate electric power generation facilities. The fossil fuel electric power generation industry includes establishments that produce electricity through the use of fossil fuels such as coal, oil and natural gas as energy sources. Fossil fuels are buried combustible geologic deposits of organic materials, formed from decayed plants and animals that have been converted to crude oil, coal, natural gas, or heavy oils by exposure to heat and pressure in the earth`s crust.

Dry bulk materials trucking refers to the mode of transportation of raw substances that are transported in huge, unpackaged packages by using trucks, freight, and other modes of movement to provide over-the-road transportation from one place to another to reduce time, cover long distances, and reduce environmental pollution for dry bulk materials including coal, grains, metal, and related products. The main commodity types in the dry bulk materials trucking market are iron ore, coal, and pet coke, grains and agricultural products, cement and aggregates, fertilizers, and others. Iron ore is a rock from which iron is extracted in mineral form. The market is segmented by vessel type into capesize, handysize, panamax, and handymax, and by application into food and beverages, construction, automotive, energy and mining, agriculture, chemicals, and others. It is divided by end-use into iron ore, steel products, lumber or logs, and others. The global dry bulk materials market is segmented - 1) By Commodity Type: Iron Ore, Coal And Pet Coke, Grains And Agricultural Products, Cement/ Aggregates, Fertilizers, Other Commodity Types 2) By Application: Food And Beverages, Construction, Automotive, Energy And Mining, Agriculture, Chemicals, Other Applications 3) By Vessel Type: Capesize, Handysize, Pananmax, Handymax 4) By End Use: Iron Ore, Steel Products, Lumber or Log, Other End Users The global dry bulk materials market size will grow from $363.94 billion in 2022 to $393.83 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 the global dry bulk materials is expected to grow to $525 billion in 2027 at a CAGR of 7.5%. Rising demand for raw materials for the manufacturing, defense, and infrastructure sectors is driving the growth of the dry bulk material trucking market. This upsurge in demand is attributed to the rise in industrialization, population, and urbanization. For instance, according to the report of the World Bank, the European mineral raw materials industry demonstrated a considerable increase in the production of minerals needed for clean energy technologies. It additionally clarifies the requirement for a wide range of minerals and metals for implementing renewable energy strategies and their related infrastructure. The demand for minerals such as graphite, lithium, and cobalt is expected to be as high as 500% by 2050. There is a need for efficient dry bulk trucks to carry these dry bulk materials, thereby driving the growth of dry bulk materials market. Major players in the dry bulk materials market are Melvin Orr Trucking, C.H. Robinson, J.B. Hunt Transport Services Inc., YRC Freight, Swift Transportation, Landstar System Inc., TransproBurgener, Bulkmatic, Kenan Advantage Group, and Quality Distribution. The restrictions on high rates of carbon emissions from dry bulk carrier trucks are expected to limit the growth of the dry bulk material trucking market. The EU Commission proposed a regulation setting the first-ever CO2 emission performance standards for new heavy-duty vehicles. The targeted reduction in average CO2 emissions from heavy-duty vehicles in 2025 is likely to be 15% lower than in 2019. Such impositions can cause a threat to dry bulk carrier trucks as they increase operational expenditure, thus restricting the growth of the dry bulk materials market. The dry bulk materials market is increasingly using technology for higher output and efficiency, which is gaining significant popularity in the dry bulk materials market. The use of technology includes artificial intelligence, automation, the use of apps, and others. For instance, in April 2020, Roger, a technology company for trucks, has developed an app that will provide real-time information about the status and location of all their current loads, boosting the efficiency of the businesses. The technology reduces information generation time, digitises paperwork, tickets, and back-and-forth communication. The app will have features such as paperless tickets, fast digital payment processing, integrations with major industry ERPs, and a digital freight marketplace. In September 2020, TFI International Inc., a Canada-based transport and logistics company operating across the USA, Canada, and Mexico, acquired CCC Transportation for $6.8 million. The company acquired all the assets of CCC Transportation and related real estate and equipment. The acquisition will help TFI International Inc. expand its footprint in the US specialised truckload business. CCC Transportation is a USA-based bulk carrier company that offers dry vans, intermodal, dedicated fleets, logistics, and retail direct delivery. Asia-Pacific was the largest region in the dry bulk materials market in 2022. North America was the second largest region in the global dry bulk materials market share. The regions covered in the global dry bulk materials market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the dry bulk materials market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The dry bulk materials trucking market includes revenues earned by entities by providing transportation service for shipment of heavy goods from one place to another. 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 dry bulk materials market research report is one of a series of new reports from The Business Research Company that provides dry bulk materials market statistics, including dry bulk materials industry global market size, regional shares, competitors with a dry bulk materials trucking market share, detailed dry bulk materials market segments, market trends and opportunities, and any further data you may need to thrive in the dry bulk materials trucking industry. This dry bulk materials 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.

Fossil fuel electricity refers to electricity generated from establishments through the use of fossil fuels such as coal, oil, and natural gas as energy sources. Fossil fuels are buried combustible geologic deposits of organic materials, formed from decayed plants and animals, that have been converted to crude oil, coal, natural gas, or heavy oils by exposure to heat and pressure in the earth's crust. The main types of fuel in fossil fuel electricity are coal, oil, and natural gas. Coal is a flammable black or brownish-black sedimentary rock that is found in the form of coal seams. Coal is referred to as a fossil fuel because it is generated from once-living plants. The different sectors include residential, commercial, and industrial. The global fossil fuel electricity market is segmented - 1) By Fuel Type: Coal, Oil, Natural Gas 2) By End-User: Residential, Commercial, Industrial The global fossil fuel electricity market size will grow from $988.95 billion in 2022 to $1,050.29 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. 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 the global fossil fuel electricity is expected to grow to $1,313.7 billion in 2027 at a CAGR of 5.8%. The growing demand for electricity is expected to be a key driver of the fossil fuel electricity market in the forecast period. This can be attributed to growing economies and a rising population, especially in developing countries such as China, India, Brazil, and some African countries. According to the International Energy Agency (2019), global electricity demand rises at 2.1% per year by 2040, twice the rate of primary energy demand. This raises electricity’s share in total final power consumption from 19% in 2018 to 24% in 2040. Both China and India will account for a major portion of this growth. According to government data, India's energy consumption increased 13.38 percent to 110.94 billion units (BU) in October 2020, mainly driven by buoyancy in industrial and commercial activities. Furthermore, the global household appliances market is expected to grow to $396 billion by 2022, supporting the demand for electricity and driving the fossil fuel electricity market growth. Major players in the fossil fuel electricity market are Iberdrola SA, Huaneng Power International Inc., Engie SA, Enel SpA, State Power Investment Corporation Limited., AGL Energy Limited, Origin Energy Limited, EnergyAustralia Holdings Limited, Stanwell Corporation Limited, American Electric Power, Duke Energy, Southern Company, China Energy, China Power, NTPC, SSE, and Tokyo Electric Power Company. Governments globally are implementing regulations to reduce fossil fuel electricity due to rising environmental concerns. Fossil fuel power plants are major sources of toxic pollutants such as mercury, sulfur dioxide, and carbon emissions. Power generation accounts for about 40% of carbon emissions produced by the energy sector, or 25% of global greenhouse gas emissions. Regulatory bodies are enforcing stringent regulations on thermal power generation to control harmful effects on the environment. Regulations such as these are expected to increase the cost of procuring cheaper fossil fuel-based power, acting as a restraint on the fossil fuel electricity market. Governments globally are increasingly supporting the adoption of carbon capture and storage (CCS) technology across industries, including power generation. CCS withholds up to 90% of the carbon dioxide emissions produced by burning fossil fuels from entering the atmosphere. In CCS, carbon dioxide is first isolated from gases produced in power generation. It is then transported to be stored safely. The ADM Illinois Industrial Carbon Capture & Storage (ICCS) Project, for instance, isolates carbon dioxide from an ethanol manufacturing facility and stores it in a nearby deep saline formation, storing an estimated 1.1 million tonnes of carbon dioxide a year. In August 2021, ArcLight Capital Partners, LLC, a US-based company that focuses on energy infrastructure investments, acquired the 6,750 MW fossil-fuel plant portfolio of Public Service Enterprise Group (PSEG) for $1.92 billion. This acquisition is part of ArcLight Capital Partners LLC's growth into a clean energy infrastructure firm, which will help them achieve their goal of a low-carbon economy. Public Service Enterprise Group (PSEG) is a US-based electric services company that offers fossil-fuel electricity. Asia-Pacific was the largest region in the fossil fuel electricity market in 2022. Western Europe was the second-largest region in the global fossil fuel electricity market share. The regions covered in the global fossil fuel electricity market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the fossil fuel electricity market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The fossil fuel electricity market includes revenues earned by entities by gas turbines, Diesel engines, and Spark-ignition internal combustion engines. 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 fossil fuel electricity market research report is one of a series of new reports from The Business Research Company that provides fossil fuel electricity market statistics, including fossil fuel electricity industry global market size, regional shares, competitors with a fossil fuel electricity market share, detailed fossil fuel electricity market segments, market trends and opportunities, and any further data you may need to thrive in the fossil fuel electricity industry. This fossil fuel electricity 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

The coal mining market consists of sales of coal by entities (organizations, sole traders and partnerships) that mine bituminous coal, anthracite, and lignite coal by underground mining, strip mining, culm bank mining, and other surface mining techniques. The coal mining industry also develops coal mine sites, and improvesf coal, including cleaning, washing, screening, and sizing of coal.