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Sensor Based Sorting Machines for Mining Market Size

  • Report ID: GMI7772
  • Published Date: Jan 2024
  • Report Format: PDF

Sensor Based Sorting Machines for Mining Market Size

Sensor Based Sorting Machines for Mining Market size was valued at USD 121.1 million in 2023 and is anticipated to register a CAGR of over 4.8% between 2024 and 2032. Sensor-based sorting enhances mineral recovery from ore streams. Mining companies seek technologies that can maximize the extraction of valuable minerals, leading to increased demand for sorting machines that improve recovery rates.

 

Optimizing the use of available resources. Sensor-based sorting helps in efficiently utilizing resources by targeting high-grade ore, reducing waste, and enhancing overall resource efficiency in mining operations. Lowering operational costs in mining. Sorting technologies contribute to cost reduction by reducing the amount of material that needs further processing, saving energy and processing costs. Growing emphasis on sustainable mining practices. Sensor-based sorting minimizes the environmental impact of mining activities by reducing the amount of waste material that needs to be processed and stored, contributing to more sustainable mining operations.

 

Natural variations in ore composition pose challenges for sorting machines to consistently and accurately identify and separate valuable mineral. Inconsistent ore composition can lead to reduced sorting efficiency and accuracy, impacting the overall effectiveness of the sorting process. Increasing complexity of ore bodies, including finer particle sizes and mixed mineralogy. Sorting machines may face difficulties in effectively handling complex ore bodies, requiring continuous innovation to adapt to diverse geological conditions.

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of Sensor based sorting machines for mining reached USD 112.1 million in 2023 and is set to expand at 4.8% CAGR between 2024 and 2032, with several mining companies seeking technologies to maximize the extraction of valuable minerals.

The mid capacity segment accounted for over 45% of the market share in 2023, owing to the growing demand for higher throughput to meet increased production targets.

U.S. market exceeded USD 27.9 million in revenue in 2023, driven by higher compliance with strict environmental regulations in the region.

Few of the prominent sensor based sorting machines for mining firms are Tomra Systems ASA, STEINERT GmbH, and Metso Outotec Corporation.

Sensor Based Sorting Machines for Mining Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 233
  • Countries covered: 20
  • Pages: 300
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