24-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Global Green Mining Market – By Type (Surface and Underground), By Technology (Power Reduction, Fuel and Maintenance Reduction, Toxicity Reduction, Emission Reduction, and Water Reduction), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” According to the report, global demand for the Green Mining market was valued over USD 8.9 Billion in 2019 and is expected to reach a CAGR of 8% between 2019 and 2025.
Browse the full “Global Green Mining Market – By Type (Surface and Underground), By Technology (Power Reduction, Fuel and Maintenance Reduction, Toxicity Reduction, Emission Reduction, and Water Reduction), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/green-mining-market
Surface mining is estimated to be the second fastest-growing during the forecast period
Surface mining is the second largest growing category in the global Green Mining technology. The reason behind the growth is the demand for more productivity and low costs. In case of underground mining, the equipment used is expensive compared to the open pit mining. Moreover, surface mining is functional throughout the day which means the productivity is high and the requirement of equipment is low, thereby propelling the demand for surface mining in the Green Mining market.
Power reduction is estimated to hold the largest market share during the forecast period
During the mining process, the consumption of power is high and is performed using the comminution process that helps reduce the size of the solid materials. The control over the use of energy in mining is rare and thus, it is the comminution process that helps reduce the use of energy. Thus, power reduction is projected to account for the largest market share in the technology segment of global Green Mining market.
Europe is estimated to hold the largest market share during the forecast period
Europe is projected to dominate the global Green Mining market during the forecast period. The green mining practices are largely followed in Europe owing to the demand for sustainable practices in regions such as Russia, Germany, Poland, and Turkey. The idea of protecting the environment with the help of innovative technologies is anticipated to fuel the global Green Mining market in the region.
Key Market Players
Some of the key players in the global Green Mining market include Dundee Precious, Rio Tinto, Glencore, BHP Billiton, Tata Steel, Vale S.A, Jiangxi Copper Corporation, Anglo American, and Freeport-McMoRan.
The report on the global Green Mining market is segmented into:
Global Green Mining Market: By Mining Type Segmentation Analysis
Global Green Mining Market: By Technology Segmentation Analysis
Global Green Mining Market: By Regional Segmentation Analysis
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