Global Mining Automation Market to Reach $3.4 Billion by 2026

SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Mining Automation - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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• Global competitiveness and key competitor percentage market shares
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Edition: 6; Released: January 2022
Executive Pool: 989
Companies: 47 - Players covered include AB Volvo; Atlas Copco AB; Autonomous Solutions, Inc. (ASI); Caterpillar, Inc.; Fluidmesh Networks LLC; Hexagon AB; Hitachi Ltd.; Komatsu Mining Corp.; Micromine; MST Global; Remote Control Technologies.; RPMGlobal Holdings Ltd.; Sandvik AB; Symboticware; Trimble, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Equipment (Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment, Other Equipment); Technique (Underground Mining, Surface Mining)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Mining Automation Market to Reach $3.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Mining Automation estimated at US$2.5 Billion, is projected to reach a revised size of US$3.4 Billion by 2026, growing at a CAGR of 5.4% over the analysis period. Underground Mining, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$2.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Surface Mining segment is readjusted to a revised 3.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $778.5 Million in 2021, While China is Forecast to Reach $598.9 Million by 2026
The Mining Automation market in the U.S. is estimated at US$778.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$598.9 Million by the year 2026 trailing a CAGR of 5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.