@miningautomationtech

What are Smart Mining & How Do They Work in Mining Industry?

2021-03-08T10:16:50.950Z

Smart Mining

Smart mines with already incorporated technologies can automate their operations quickly than those who are lagging in technological adoption. By the implementation of advanced technologies, mining operators can expand their current wireless network of embedded sensors. For instance, the installation of automation software enables the operator to monitor static and moving assets remotely and program automated interaction between both.

The Smart Mining Market Accounted for US$ 9.8 Billion In 2019 And Is Expected to Grow at A CAGR of 18.9% Over the Forecast Period 2020-2027, To Account for US$ 38.5 Billion By 2027.

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Although 77% of mining companies are in the beginning stage of their digital transformation journey, most of the mining companies have already taken significant initiatives to introduce IIoT in operation. For instance, the Bulgarian Chelopech, an underground gold, and copper mine, operated by Canadian firm Dundee Precious Metals, is adopting modernization, digitization, and introduction of a mobile IP network (with companies such as Dassault Systèmes GEOVIA, Sandvik, and Cisco for the connectivity and network part) for uninterrupted and productive services.The introduction of IIoT helps to attain an increase in production, better and cheaper communication possibilities, real-time maintenance, fast productivity data, better collaboration, and instant resolution of issues. This is one of the leading trends in the smart mining market, which adds to the safety of miners on-site.

Increasing demand for minerals and metals leads to increasing the expansion of mining activity that drives the growth of the smart mining market. Rising adoption of autonomous equipment, increased concerns about safety and security, growing environmental concerns are boosting the growth of the smart mining market. Furthermore, smart mining technology is considerably safer and environment-friendly as compared to the traditional mining technology.

The Growing Need for Ensuring Data Security Drives Smart Mining Market
Data sources in the smart mining industry can be classified into two parts, namely, direct or indirect (ancillary) measurements. Direct measurement sources are those taken by instruments such as GPS and conventional geodetic surveys. Indirect references refer to systems that collect data as a by-product of processes or operations such as Fleet Management Systems, SCADA or DCS data, blast hole drills, and geomodeling data. For improving ore recovery, an ore body modelling technique is used. The model provides geological patterns that help in determining the drill holes. The right mining decisions, therefore, depends on the availability of correct data from multiple systems combined with real-time data analytics.

The List of Companies - Smart Mining Market

ABB Ltd.
Alastri
Caterpillar Inc.
Intellisense.io
Hexagon AB
Hitachi, Ltd.
MineSense
Rockwell Automation, Inc.
SAP SE
Trimble Inc.

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The Future of Mining: What Makes a Mine Smart?

2021-02-11T10:59:52.281Z

The Smart Mining Market Accounted For US$ 9.8 Billion In 2019 And Is Expected To Grow At A CAGR Of 18.9% Over The Forecast Period 2020-2027, To Account For US$ 38.5 Billion By 2027.

Click Here to Download Brochure

Although 77% of mining companies are in the beginning stage of their digital transformation journey, most of the mining companies have already taken significant initiatives to introduce IIoT in operation. For instance, the Bulgarian Chelopech, an underground gold, and copper mine, operated by Canadian firm Dundee Precious Metals, is adopting modernization, digitization, and introduction of a mobile IP network (with companies such as Dassault Systèmes GEOVIA, Sandvik, and Cisco for the connectivity and network part) for uninterrupted and productive services. The introduction of IIoT helps to attain an increase in production, better and cheaper communication possibilities, real-time maintenance, fast productivity data, better collaboration, and instant resolution of issues. This is one of the leading trends in the smart mining market, which adds to the safety of miners on-site.

Increasing demand for minerals and metals leads to increasing the expansion of mining activity that drives the growth of the smart mining market. The rising adoption of autonomous equipment, increased concerns about safety and security, growing environmental concerns are boosting the growth of the smart mining market. Furthermore, smart mining technology is considerably safer and environment-friendly as compared to traditional mining technology.

The Growing Need for Ensuring Data Security Drives Smart Mining Market

Data sources in the smart mining industry can be classified into two parts, namely, direct or indirect (ancillary) measurements. Direct measurement sources are those taken by instruments such as GPS and conventional geodetic surveys. Indirect references refer to systems that collect data as a by-product of processes or operations such as Fleet Management Systems, SCADA or DCS data, blast hole drills, and geomodeling data. For improving ore recovery, an orebody modeling technique is used. The model provides geological patterns that help in determining the drill holes. The right mining decisions, therefore, depends on the availability of correct data from multiple systems combined with real-time data analytics.

The List of Companies - Smart Mining Market

ABB Ltd.
Alastri
Caterpillar Inc.
Intellisense.io
Hexagon AB
Hitachi, Ltd.
MineSense
Rockwell Automation, Inc.
SAP SE
Trimble Inc.

The Smart Mining Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

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Does Mining Automation Have a Future?

2021-02-04T09:25:56.715Z

Mining Automation

Mining Automation is rapidly replacing human labour with the fully automated machinery in the mining process in order to reduce mishaps occurring in mines as well as making the process fast and précised. Automation in mining can be delivered with the combined strength of equipment, software, and usage of communication systems. The industry is facing several charges in the path of automation, however, some of the developed country shifting rapidly towards semi-automated to fully-automated mines as per requirement and capital availability. A major driver for the market is to ensure the safety of the workers and labours working in the site of mines enclosed with hazardous risks and an increase in the productivity of mines. Also, it reduces the wages overheads incurred on workers.

Click Here to Download PDF Brochure

The dearth of qualified, professional, and technical personnel to operate the highly advanced machines and equipment act as a restraining factor in the mining automation market. Nevertheless, for better optimization of fuel, safety among the labours and to extract hard minerals, ores from dangerous and deep mines, and development in technologies to lower the operating costs will create opportunities for the market.

The proposed Mining Automation Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes a detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.

The Mining Automation Market sample report includes an exclusive analysis of the COVID-19 pandemic on the market space under scrutiny. The sample represents the format of the overall study which is designed to provide clarity on the structure of the report and some data points demonstrated in an attempt to provide insights into the study quality.

Furthermore, the Mining Automation Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.

The Prominent/Emerging Players In The Mining Automation Market Research Include:

1. Caterpillar
2. Komatsu Ltd.
3. Hitachi, Ltd.
4. Symboticware Inc.
5. Sandvik AB
6. Hexagon
7. Atlas Copco AB
8. Mst Global
9. Autonomous Solutions Inc.
10. Trimble Inc.

The Mining Automation Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in the market are covered under the strategic initiatives section.

The Mining Automation Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.