The global green mining market is expected to exhibit a growth rate (CAGR) of 7.1% during 2023-2028.
Green mining involves eco-friendly practices primarily undertaken to reduce the harmful environmental impacts of mining activities. These practices control the utilization of hazardous chemicals and gases by deploying selective mining approaches for minimizing carbon footprints. Green mining deploys various technologies pertaining to power reduction, fuel reduction and maintenance, toxicity reduction, water management, etc. Furthermore, it also utilizes advanced machinery that runs on clean fuel for ensuring zero-discharge and recovering valuable minerals and metals from re-mining.
The rising environmental concerns towards the negative impact of conventional mining procedures are primarily driving the demand for eco-friendly and sustainable mining solutions. Additionally, several government bodies are implementing stringent regulations for reducing carbon footprints during mineral and metal extraction processes. In line with this, numerous environmental protection agencies have mandated the ecological assessment procedures pertaining to the safe development and rehabilitation of the mines, thereby bolstering the need for green mining techniques. Apart from this, the rising shift from fuel-based mining components towards electrical alternatives is also augmenting the market for green mining practices. The emergence of hybrid diesel-electric loaders for controlling carbon emissions and maintaining ecological sustainability is further catalyzing the market growth. In line with this, the growing adoption of clean and renewable energy sources, such as wind and solar, for electrifying the mining procedures is also propelling the market for green mining.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global green mining market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on mining type and technology.
Breakup by Mining Type:
Breakup by Technology:
- Power Reduction
- Comminution Efficiency
- Hydrometallurgical Processes
- Fuel and Maintenance Reduction
- Equipment Route Optimization
- Fuel Additives
- Natural Gas Conversion
- Training Simulators
- Toxicity Reduction
- Emission Reduction
- Dust Management
- Carbon Sequestration
- Interior Bleaching
- Water Reduction
- AMD/ARD Remediation
- Wastewater Processing
- Tailings Remediation
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
- Saudi Arabia
The competitive landscape of the industry has also been examined with some of the key players being Anglo American Plc, BHP Group Limited, Dundee Precious Metals Inc., Freeport-McMoRan Inc., Glencore plc, Ma’aden (Saudi Arabian Mining Company), Rio Tinto Group, Sany Heavy Industry Co. Ltd., Shandong Gold Mining Co. Ltd, Tata Steel Limited and Vale S.A.
|Base Year of the Analysis
||Mining Type, Technology, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia
||Anglo American Plc, BHP Group Limited, Dundee Precious Metals Inc., Freeport-McMoRan Inc., Glencore plc, Ma’aden (Saudi Arabian Mining Company), Rio Tinto Group, Sany Heavy Industry Co. Ltd., Shandong Gold Mining Co. Ltd, Tata Steel Limited and Vale S.A
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Key Questions Answered in This Report:
- How has the global green mining market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global green mining market?
- What are the key regional markets?
- What is the breakup of the market based on the mining type?
- What is the breakup of the market based on the technology?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global green mining market and who are the key players?
- What is the degree of competition in the industry?