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According to the latest report by IMARC Group, titled “Green Mining Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global green mining market expanded at a CAGR of around 7% during 2015-2020. Green mining includes practices that assist in minimizing footprints on the environment caused by mining activities. These practices comprise the reduction of hazardous gases and chemicals released into the atmosphere and the utilization of selective mining approaches. As green mining helps lower operating costs and relies on technologies that aid in fuel, power, maintenance, and water management, it is gaining traction across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Green Mining Market Trends:
Rising environmental concerns among the masses about the adverse impact of conventional mining procedures represents one of the key factors impelling the green mining market growth. Apart from this, stringent regulations implemented by government bodies of various countries to reduce carbon footprints during mineral and metal extraction processes are providing a thrust to the market growth. Moreover, the increasing need for electrical alternatives over the fuel-based mining components is acting as another growth-inducing factor. The market is further propelled by the advent of hybrid diesel-electric loaders for maintaining ecological sustainability and controlling carbon emissions. Other factors, including the growing adoption of clean and renewable energy sources, such as solar and wind, for electrifying mining procedures, are contributing to the growth of the market. Looking forward, the market is expected to exhibit continuous growth during the forecast period (2021-2026).
Market Summary:
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