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Mining Automation Market Share

Report ID: GMI8329
Published Date: Feb 2024
Report Format: PDF

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Mining Automation Market Share

ABB, an industrial technology company, drives significant advancements in mining automation through a comprehensive suite of solutions tailored to address the industry's unique demands. ABB's offerings encompass advanced control systems, integrated electrification solutions, remote monitoring, and asset management tools, alongside cutting-edge mine automation and digitalization technologies.

Caterpillar, a heavy equipment manufacturer, offers mining automation solutions such as Autonomous Haulage Systems (AHS), remote control & teleoperation technologies, and integrated mine management systems. By leveraging advanced telematics & predictive maintenance tools, Caterpillar enables mining companies to optimize equipment performance, minimize downtime, and enhance safety in challenging mining environments.

Mining Automation Market Companies

Major players operating in the mining automation industry are:

ABB
Caterpillar
Komatsu
Epiroc
Global Road Technology International Holdings (HK) Limited
Hitachi Construction Machinery Co., Ltd.
Sandviken

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of mining automation was crossed USD 3.5 billion in 2023 and is anticipated to grow at over 8% CAGR between 2024 and 2032, due to the higher adoption of various software to enhance operational efficiency, safety, and regulatory compliance.

The underground type segment recorded over 50% share of the mining automation market in 2023 and will grow up to 2032, owing to the increasing regulatory scrutiny in the mining sector such as cost pressures, and the need to minimize environmental impacts.

Asia Pacific mining automation market size is anticipated to register over 11.5% CAGR from 2024 and 2032, due to the adoption of cutting-edge technologies and robust regulatory frameworks.

Few of the prominent mining automation firms are ABB, Caterpillar, Komatsu, Epiroc, Global Road Technology International Holdings (HK) Limited, Hitachi Construction Machinery Co., Ltd., and Sandviken.