Mining Renewable Energy Systems Market - Global Industry Analysis

Market Overview     

The Global Mining Renewable Energy Systems Market was accounted for USD 3366.7 Million in 2020 and is expected to reach USD 5100 Million by 2028, growing at a CAGR of around 5.2% between 2021 and 2028.    

Mining renewable energy systems are clean sources of power generation utilized in mining sites, especially for off-grid locations. These sources include wind, solar, biomass, and geothermal among others. The quantity of energy per unit is increasing, then are electricity and diesel prices, whereas the costs for renewable energy, wind and solar, are falling considerably during a previous couple of years. Hence, mining companies are taking interest in renewable energy systems to integrate them into their mining activities.

In mining, solar or wind systems are combined with or integrated into existing diesel power plants. Wind and solar power are approximately 70% less costly than electricity from diesel, especially in remote areas where transport makes up an outsized share of the entire diesel cost. Solar and wind energy prices have reduced considerably in recent years. The solar module process has fallen by almost 30% within the recent past and turbine towers became taller, which allows for efficient power generation in many locations where the wind isn't strong enough at lower altitudes. Hence, renewable energy systems in mining are considered a reliable option and are attracting many institutional investors like pension funds, that value secure investments and accept comparatively low returns.

Many companies don't have the resources and capital to finance new renewable energy projects. Solar and wind projects require high capital investment and offer very limited operating costs, whereas electricity generation with diesel engines requires very low investment costs and offers high operating costs thus limiting the expansion of the market.

COVID-19 Impact Analysis

The global mining renewable energy system market has witnessed a slight decline in the sales for short term due to the lockdown enforcement introduced by governments to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped the production resulting in disruption across the whole supply chain. However, the global markets are slowly opening to their full potential, and theirs a surge in demand.

Growth Factors

The price of electricity generation through conventional sources like diesel gen-sets is generally high which subsequently increases the operational cost of mining. However, renewable energy may be a favorable add-on to diesel gensets which comparatively reduces the operational cost of the mining process. The prominent market players maintain the competitive edge in the global market by making investments in mergers and acquisitions and by increasing their product portfolio. In March 2017, Newmont Mining Corporation launched a Lifecycle of a Mine, an interactive microsite that features the activities and processes that make up each stage of the life of a modern-day gold mine.

Report Scope:

Source Type Segment Analysis Preview   

Based on source type, the solar segment is expected to be the most attractive segment of the global mining renewable energy systems market. As solar energy is being used by several industrial sectors it contributed a major share of over USD 960 million in 2017. Moreover, the presence of a significant number of mines in the tropical regions is another factor fueling the demand for solar energy in mining operations.

Regional Segment Analysis Preview   

The Asia Pacific is predicted to be the foremost attractive region for the mining renewable energy systems market. The Asia Pacific may be a crucial supplier of mined products. The region collectively produces over half the world’s ore, quite 70% of copper, nickel, silver, lead, zinc, bauxite, and tin, and quite 90% of coal and molybdenum. The mining industry contributes approximately 25% to the entire Asia Pacific economies. The governments within the region are encouraging the adoption of favorable practices in mining to market sustainable growth.

Key Market Players & Competitive Landscape

The global mining renewable energy systems market report profiles some of the leading players in the market and analyzes their key strategies. The major players in the market are Bluhm Burton Engineering Pty Ltd (BBE), Barrick Gold Corporation, Black & Veatch Holding Company, Cambridge Energy Partners, Conergy, Cronimet Holding GmbH., Downer Group, Enel Green Power, General Electric, Hanwha Group, Juwi AG, Newmont Mining Corporation, Nuance Energy Group, Inc., Pöyry Plc., Siemens AG, SolarReserve, LLC, Vergnet and ViZn Energy Systems amongst others.

The global Mining Renewable Energy Systems Market is segmented as follows:

By Source Type

• Wind
• Biomass
• Biofuel
• Solar
• Geothermal

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter No. 1: Introduction
  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. USP & Key Offerings
  • 1.2. Key Benefits for Stakehulders
  • 1.3. Target Audience
  • 1.4. Report Scope
• Chapter No. 2: Executive Summary
  • 2.1. Key Findings
    • 2.1.1. Top Investment Pockets
      • 2.1.1.1. Market Attractiveness Analysis, By Source Type
      • 2.1.1.2. Market Attractiveness Analysis, By Region
  • 2.2. Market Snapshot
  • 2.3. Global Mining Renewable Energy Systems Market , 2016 – 2028 (USD Million)
  • 2.4. Insights from Primary Respondents
• Chapter No. 3: COVID 19 Impact Analysis
  • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. The Middle-East and Africa
  • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
  • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
  • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
  • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
    • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
  • 3.6. Short Term Dynamics
  • 3.7. Long Term Dynamics
• Chapter No. 4: Mining Renewable Energy Systems Market – Source Type Segment Analysis
  • 4.1. Overview
    • 4.1.1. Market Revenue Share, By Source Type, 2020 & 2028
  • 4.2. Wind
    • 4.2.1. Market Size and Forecast, By Region (USD Million)
    • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.3. Biomass
    • 4.3.1. Market Size and Forecast, By Region (USD Million)
    • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.3.3. Key Market Trends, Growth Factors, & Opp`ortunities
  • 4.4. Biofuel
    • 4.4.1. Market Size and Forecast, By Region (USD Million)
    • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.5. Sular
    • 4.5.1. Market Size and Forecast, By Region (USD Million)
    • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.6. Geothermal
    • 4.6.1. Market Size and Forecast, By Region (USD Million)
    • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5: Mining Renewable Energy Systems Market – Region Segment Analysis
  • 5.1. Overview
    • 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
    • 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
  • 5.2. North America
    • 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 5.2.2. North America Market Revenue, By Service, 2016 – 2028
    • 5.2.5. U.S.
      • 5.2.5.1. U.S. Market Revenue, By Service, 2016 – 2028
    • 5.2.6. Canada
      • 5.2.6.1. Canada Market Revenue, By Service, 2016 – 2028
    • 5.2.7. Mexico
      • 5.2.7.1. Mexico Market Revenue, By Service, 2016 – 2028
  • 5.3. Europe
    • 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 5.3.2. Europe Market Revenue, By Service, 2016 – 2028
    • 5.3.5. Germany
      • 5.3.5.1. Germany Market Revenue, By Service, 2016 – 2028
    • 5.3.6. France
      • 5.3.6.1. France Market Revenue, By Service, 2016 – 2028
    • 5.3.7. U.K.
      • 5.3.7.1. U.K. Market Revenue, By Service, 2016 – 2028
    • 5.3.8. Italy
      • 5.3.8.1. Italy Market Revenue, By Service, 2016 – 2028
    • 5.3.9. Spain
      • 5.3.9.1. Spain Market Revenue, By Service, 2016 – 2028
    • 5.3.10. Rest of Europe
      • 5.3.10.1. Rest of Europe Market Revenue, By Service, 2016 – 2028
  • 5.4. Asia Pacific
    • 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 5.4.2. Asia Pacific Market Revenue, By Service, 2016 – 2028
    • 5.4.5. China
      • 5.4.5.1. China Market Revenue, By Service, 2016 – 2028
    • 5.4.6. Japan
      • 5.4.6.1. Japan Market Revenue, By Service, 2016 – 2028
    • 5.4.7. India
      • 5.4.7.1. India Market Revenue, By Service, 2016 – 2028
    • 5.4.8. South Korea
      • 5.4.8.1. South Korea Market Revenue, By Service, 2016 – 2028
    • 5.4.9. South-East Asia
      • 5.4.9.1. South-East Asia Market Revenue, By Service, 2016 – 2028
    • 5.4.10. Rest of Asia Pacific
      • 5.4.10.1. Rest of Asia Pacific Market Revenue, By Service, 2016 – 2028
  • 5.5. Latin America
    • 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 5.5.2. Latin America Market Revenue, By Service, 2016 – 2028
    • 5.5.5. Brazil
      • 5.5.5.1. Brazil Market Revenue, By Service, 2016 – 2028
    • 5.5.6. Argentina
      • 5.5.6.1. Argentina Market Revenue, By Service, 2016 – 2028
    • 5.5.7. Rest of Latin America
      • 5.5.7.2. Rest of Latin America Market Revenue, By Service, 2016 – 20285
  • 5.6. The Middle-East and Africa
    • 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 5.6.2. The Middle-East and Africa Market Revenue, By Service, 2016 – 2028
    • 5.6.5. GCC Countries
      • 5.6.5.1. GCC Countries Market Revenue, By Service, 2016 – 2028
    • 5.6.6. South Africa
      • 5.6.6.1. South Africa Market Revenue, By Service, 2016 – 2028
    • 5.6.7. Rest of Middle-East Africa
      • 5.6.7.1. Rest of Middle-East Africa Market Revenue, By Service, 2016 – 2028
• Chapter No. 6: Mining Renewable Energy Systems Market – Industry Analysis
  • 6.1. Introduction
  • 6.2. Market Drivers
    • 6.2.1. Driving Factor 1 Analysis
    • 6.2.2. Driving Factor 2 Analysis
  • 6.3. Market Restraints
    • 6.3.1. Restraining Factor Analysis
  • 6.4. Market Opportunities
    • 6.4.1. Market Opportunity Analysis
  • 6.5. Porter’s Five Forces Analysis
  • 6.6. PEST Analysis
  • 6.7. Regulatory Landscape
  • 6.8. Technology Landscape
  • 6.9. Regional Market Trends
    • 6.9.1. North America
    • 6.9.2. Europe
    • 6.9.3. Asia Pacific
    • 6.9.4. Latin America
    • 6.9.5. The Middle-East and Africa
  • 6.10. Pricing Analysis
  • 6.11. Value Chain Analysis
  • 6.12. Downstream Buyers
  • 6.13. Distributors/Traders List
• Chapter No. 7: Competitive Landscape
  • 7.1. Company Market Share Analysis – 2019
    • 7.1.1. Global Mining Renewable Energy Systems Market : Company Market Share, 2019
    • 7.1.2. Global Mining Renewable Energy Systems Market , Company Market Revenue, 2016 – 2019 (USD Million)
    • 7.1.3. Global Mining Renewable Energy Systems Market , Company Y-o-Y Growth, 2017 – 2028 (%)
    • 7.1.4. Global Mining Renewable Energy Systems Market : Radar Determinant Chart, 2019
  • 7.2. Strategic Developments
    • 7.2.1. Acquisitions & Mergers
    • 7.2.2. New Product Launch
    • 7.2.3. Regional Expansion
  • 7.3. Company Strategic Developments – Heat Map Analysis
• Chapter No. 8: Company Profiles
  • 8.1. Bluhm Burton Engineering Pty Ltd (BBE)
    • 8.1.1. Company Overview
    • 8.1.2. Key Executives
    • 8.1.3. Product Portfolio
    • 8.1.4. Financial Overview
    • 8.1.5. Operating Business Segments
    • 8.1.6. Business Performance
    • 8.1.7. Recent Developments
  • 8.2. Barrick Guld Corporation
  • 8.3. Black & Veatch Hulding Company
  • 8.4. Cambridge Energy Partners
  • 8.5. Conergy
  • 8.6. Cronimet Hulding GmbH.
  • 8.7. Downer Group
  • 8.8. Enel Green Power
  • 8.9. General Electric
  • 8.10. Hanwha Group
• Chapter No. 9: Marketing Strategy Analysis
  • 9.1. Marketing Channel
  • 9.2. Direct Marketing
  • 9.3. Indirect Marketing
  • 9.4. Marketing Channel Development Trends
  • 9.5. Economic/Pulitical Environmental Change
• Chapter No. 10: Research Methodology
  • 10.1. Research Methodology
  • 10.2. Phase I - Secondary Research
  • 10.3. Phase II - Data Modeling
    • 10.3.1. Company Share Analysis Model
    • 10.3.2. Revenue Based Modeling
  • 10.4. Phase III - Primary Research
  • 10.5. Research Limitations
    • 10.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis,  By Service
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Mining Renewable Energy Systems Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share,  By Service, 2020 & 2028
FIG NO. 6. Global Mining Renewable Energy Systems Market  for Wind, Revenue (USD Million) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Mining Renewable Energy Systems Market  for Wind, By Country, 2020 & 2028
FIG NO. 8. Global Mining Renewable Energy Systems Market  for Biomass, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Mining Renewable Energy Systems Market  for Biomass, By Country, 2020 & 2028
FIG NO. 10. Global Mining Renewable Energy Systems Market  for Biofuel, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Mining Renewable Energy Systems Market  for Biofuel, By Country, 2020 & 2028
FIG NO. 12. Global Mining Renewable Energy Systems Market  for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Mining Renewable Energy Systems Market  for Others, By Country, 2020 & 2028
FIG NO. 14. Global Mining Renewable Energy Systems Market  Revenue Share, By Region, 2020 & 2028
FIG NO. 15. North America Mining Renewable Energy Systems Market  Revenue, 2016 - 2028 (USD Million)
FIG NO. 16. Porter’s Five Forces Analysis for Global Mining Renewable Energy Systems Market 
FIG NO. 17. PEST Analysis for Global Mining Renewable Energy Systems Market 
FIG NO. 18. Pricing Analysis for Global Mining Renewable Energy Systems Market 
FIG NO. 19. Value Chain Analysis for Global Mining Renewable Energy Systems Market 
FIG NO. 20. Company Share Analysis, 2019
FIG NO. 21. Radar Determinant Chart, 2019
FIG NO. 22. Company Strategic Developments – Heat Map Analysis
FIG NO. 23. Business Segment Revenue Share, 2020 (%)
FIG NO. 24. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 25. Market Channels
FIG NO. 26. Marketing Channel Development Trend
FIG NO. 27. Growth in World Gross Product, 2008-2018
FIG NO. 28. Research Methodology – Detailed View
FIG NO. 29. Research Methodology
 

Table Of Tables

List of Tables 

TABLE NO. 1. Global Mining Renewable Energy Systems Market : Snapshot
TABLE NO. 2. Quarterly Mining Renewable Energy Systems Market  Revenue by Region, 2020
TABLE NO. 3. Quarterly Mining Renewable Energy Systems Market  Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Mining Renewable Energy Systems Market  for Mapping & surviving, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Mining Renewable Energy Systems Market  for Biomass, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Mining Renewable Energy Systems Market  for Biofuel, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Mining Renewable Energy Systems Market  for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Mining Renewable Energy Systems Market  Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 11. North America Mining Renewable Energy Systems Market  Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 12. North America Mining Renewable Energy Systems Market  Revenue,  By Service, 2016 – 2028 (USD Million)
TABLE NO. 13. U.S. Mining Renewable Energy Systems Market  Revenue,  By Service, 2016 – 2028 (USD Million)
TABLE NO. 14. Canada Mining Renewable Energy Systems Market  Revenue,  By Service, 2016 – 2028 (USD Million)
TABLE NO. 15. Mexico Mining Renewable Energy Systems Market  Revenue,  By Service, 2016 – 2028 (USD Million)
TABLE NO. 16. Drivers for the Mining Renewable Energy Systems Market : Impact Analysis
TABLE NO. 17. Restraints for the Mining Renewable Energy Systems Market : Impact Analysis
TABLE NO. 18. Major Buyers of Mining Renewable Energy Systems
TABLE NO. 19. Distributors/Traders List 
TABLE NO. 20. Global Mining Renewable Energy Systems Market , Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 21. Global Mining Renewable Energy Systems Market , Company Y-o-Y Growth, 2017 – 2028 (USD Million)