Eco-Friendly Companies

Green Mining Market is Estimated to Clock a Staggering CAGR of 7.2% during the Forecast Period, Notes Emergen Research

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Increasing emphasis on sustainable development and rising adoption of eco-friendly mining worldwide are major factors influencing the market growth.

Green Mining Market Size – USD 9.05 Billion in 2019, Market Growth – at a CAGR of 7.2%, Market Trend – Reducing the level of pollution caused by mining”

— Emergen Research

VANCOUVER, BC, CANADA, August 3, 2022 /EINPresswire.com/ — The global green mining market is estimated to reach the value of USD 15.90 Billion by 2027, according to a current analysis by Emergen Research. The key factors driving the market are availability of cost-effective methods for mining, rise in pollution level, and increase in the need for maintaining the ecological balance.

Surface mining is often preferred over underground mining by mining companies due to several reasons. The surface mining technique is less expensive; it is also a safe method of mining. Surface mining comprises five sub-types, including strip mining, open-pit mining, dredging, high-wall mining, and mountaintop removal. Open-pit mining is the most commonly used surface mining technique. The pit or hole in open-pit mining is created by blasting through explosives and drilling. The open-pit mining is mostly used to extract gravel, sand, and even rock. Dredging is the process of extracting minerals from water bodies such as lakes, rivers, and oceans.

Increasing emphasis on sustainable development and rising adoption of eco-friendly mining worldwide are major factors influencing the market growth.

The global green mining market is expected to remain in a highly competitive and fragmented landscape in the near future, consisting of several small start-ups, medium enterprises, and large conglomerates. During the forecast period, increasing demand for surface mining techniques is likely to drive the green mining market.

The major companies covered in the report are:

BHP Billiton, TATA Steel, Anglo American, Glencore, Dundee Precious, Rio Tinto, Freeport-McMoRan, Shandong Gold Mining Co. Ltd, Jiangxi Copper Corporation, and Doosan Infracore

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The global green mining market size was USD 9.05 Billion in 2019 and is anticipated to reach USD 15.90 Billion by 2027, at a CAGR of 7.2% during the forecast period. The market is extensively driven by factors such as environment-related norms and laws imposed by statutory authorities globally, evolution of the concept of sustainable development, and growing awareness of green mining worldwide.

Competitive Landscape:

The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the Green Mining market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.

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The report offers an accurate forecast estimation of the Green Mining industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Green Mining market. The report studies the historical data of the Green Mining market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.

Segments Covered in this report are:

Mining Technique Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)

Surface Mining Technique

Underground Mining Technique

Technology Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)

Water Reduction

Power Reduction

Emission Reduction

Fuel & Maintenance Reduction

Others

Regional Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)

North America

US

Canada

Europe

Russia

UK

Germany

France

BENELUX

Asia Pacific

China

Japan

India

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

UAE

Israel

Rest of MEA

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Key highlights of this research report:

In June 2019, TATA Steel completed the acquisition of Bhushan Energy (India). The National Company Law Tribunal approved the acquisition plan. This acquisition would help TATA steel maintain its reputation globally.

Power reduction is the most preferable technology in green mining. Improving the energy efficiency of mining is essential for the mining organizations which want to stay in the competitive global market. The power reduction segment is projected to register a growth rate of 8.2% during the forecast period.

North America is a major market for green mining. Rise in the number of awareness projects for environmental protection are creating a positive impact among consumers are now shifting their demands for the products made from green mining method. . The US is expected to hold a substantial share of the market in the region during the forecast period.

Regional Analysis:

The report further examines the Green Mining market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The Green Mining report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

The regional analysis of the market includes production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2028.

According to the regional analysis, the market is primarily spread over key geographical regions as follows:

North America (US, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)

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Key questions answered in the report:

Which regional market will show the highest and rapid growth?

Which are the top five players of the Green mining Market?

How will the green mining market change in the upcoming six years?

Which application and product will take a lion’s share of the green mining market?

What is the green mining market drivers and restrictions?

What will be the CAGR and size of the Green mining Market throughout the forecast period?

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