Global Green Mining Market – Industry Analysis and Forecast (2019-2026)
Global Green Mining Market was valued US$ 8.2 Bn in 2018 and is expected to reach US$ 15.3 Bn by 2026, at CAGR of 8.11 % during forecast period.
The goal of green mining is to minimize the adverse environmental and social influences in all stages of the operations. Simultaneously, the operations strive to maximize social and local benefits. The growth of the middle class in most developing economies and the rapid development of technologies have created increasing interest in mineral resources. Mining has become increasingly difficult for societal and environmental reasons all over the globe. There is a rising competition with other land uses, and water and energy are scarce in several important mining regions.
The green mining industry faces major challenges to improve its performance and image. The green mining concept (GM) was developed as a major tool to make Finland the forerunner in maintainable mining. It helps material, water, and energy efficiency to reduce the environmental footprint of mineral-based product life cycles.
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Surface mining segment will account for the larger shares of the green mining market during the forecast period. Surface mining began in the mid-sixteenth century and is practised throughout the globe, though the majority of surface coal mining occurs in North America. It gained popularity during the 20th century, and surface mines now produce most of the coal mined in the US.
Power reduction segment accounted for the largest CAGR in 2018 and will grow significantly over the forecast period. Power consumption processes like commination process are done for the reduction of solid materials from average size to smaller particle size by crushing, grinding, cutting, vibrating, or any such similar processes. It is one of the energy-intensive processes and comprises both crushing and grinding.
Europe is expected to leading the market for green mining during the forecast period. European miners will sustain their position at the forefront of integrating technology, particularly in more developed markets, owing to a highly skilled workforce and high levels of connectivity among the more developed economies.
A key development in green mining market globally: Rio Tinto is aiming at improving the efficiency and productivity of its operations and has reduced its emissions intensity by almost 30% and goals to reduce it further by 2020. About 70% of the electricity that is being used through the organization is from low carbon renewable energy. The company is also the first company to be confirmed under the aluminum stewardship initiative.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Green Mining Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Green Mining Market.
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Scope of the Global Green Mining Market
Global Green Mining Market, By Type
• Underground Mining
• Surface Mining
Global Green Mining Market, By Technology
• Power Reduction
• Fuel and Maintenance Reduction
• Emission Reduction
• Water Reduction
• Others
Global Green Mining Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Green Mining Market
• Glencore
• Rio Tinto
• Vale S.A.
• BHP Billiton
• Tata Steel
MAJOR TOC OF THE REPORT
Chapter One: Green Mining Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Green Mining Market Competition, by Players
Chapter Four: Global Green Mining Market Size by Regions
Chapter Five: North America Green Mining Revenue by Countries
Chapter Six: Europe Green Mining Revenue by Countries
Chapter Seven: Asia-Pacific Green Mining Revenue by Countries
Chapter Eight: South America Green Mining Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Green Mining by Countries
Chapter Ten: Global Green Mining Market Segment by Type
Chapter Eleven: Global Green Mining Market Segment by Application
Chapter Twelve: Global Green Mining Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Green Mining Market Report at: https://www.maximizemarketresearch.com/market-report/global-green-mining-market/32316/
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