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MININGWORLD
Rapid changes in energy efficiency regula-
tions by various governments across the
world have pushed mining companies
to adopt energy-efficient underground
mining equipment. The APAC (Asia
Pacific countries) is the highest revenue
contributor to the global underground
mining equipment market, followed by
the Americas and Europe, Middle East and
Africa.
The growing mining activities in devel-
oping countries of APAC such as China,
India, and Australia, are the major factors
influencing the growth of the market. Also,
the growing demand from coal industry
will drive the underground mining equip-
ment market.
"Several mining equipment manufactur-
ers are focusing to launch energy-efficient
mining equipment for transportation, exca-
vation, washing, and screening processes,
owing to the energy-saving policies. Atlas
Copco has introduced an oil-injected rotary
screw compressor which uses 50% less
energy than an idling compressor. Many
mining companies are also opting for min-
ing equipment automation for improved
safety and operational efficiency," says
Navin Rajendra, Lead Analyst, Heavy
Industry, Technavio Research.
Several countries like China, the UAE,
India, and Brazil are making huge invest-
ments in oil and gas production and coal
mining activities to meet their energy
demand, which is fuelling the growth
of the underground mining equipment
market.
Moreover, increased infrastructure
development activities drive the demand
for coal in APAC, as it is the primary raw
material used in the manufacture of steel
and cement.
The leading vendors in the global
underground mining equipment market
include Caterpillar, Joy Global, Komatsu,
and Sandvik.
n
Mining equipment market growth forecast
market research company, Technavio, has published a new report on the global under-
ground mining equipment market. The report forecasts a compound annual growth rate
of around 7% between 2015 and 2019.
