Increasing concern regarding environmental carbon emission followed by rising demand for sustainable mining practices to drive global green mining market over the forecast period. Emergence of electric vehicles followed by rising government initiatives towards renewable energy sources will further open new opportunities for the industry in coming years. However, illegal mining practices in African countries followed by limited investment in green mining industry are expected to be the key market challenges.
Adroit Market Research study on the global market for green mining offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global green mining market have been analyzed in depth.
At all stages of operations, the aim of green mining is to minimize detrimental environmental and social impacts. The activities are simultaneously aiming to optimize social and local benefits. A rising interest in mineral resources has been generated by the growth of the middle class in most developed economies and the rapid development of technologies. Mining has become extremely difficult all over the globe for social and environmental reasons. Other land uses are highly competitive, and water and resources are scarce in many significant mining regions.
Europe and North America is expected to dominate the green mining industry in 2019. Increasing mining production followed by rising government regulations and initiatives towards sustainable energy sources are expected to open new avenues for green mining over the forecast period. High productivity and low cost of production as compared to underground mining is expected to increase demand for surface mining activities over theforecast period.
Leading companies covered in this report are Tata Steel, BHP Billiton, Vale S.A., RIO Tinto, Glencore, Anglo American, Liebherr, Jiangxi Copper Corporation Limited, Dundee Precious Metals, Doosan Infracore, Sany, Saudi Arabian Mining Corporation, and Shandong Gold Mining Co. Ltd.
Key Segments of the Global Green Mining Market
Type Method, 2018-2028 (USD Million)
- Underground Mining
- Surface Mining
- Power Reduction
- Fuel and Maintenance Reduction
- Emission Reduction
- Water Reduction
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America