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The global green mining market grew at a CAGR of around 7% during 2015-2020. 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. Looking forward, IMARC Group expects the global green mining market to exhibit continuous growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global green mining market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, mining type and technology.
Breakup by Mining Type:
Breakup by Technology:
Breakup by Region:
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 Plc, Sany Heavy Industry Co. Ltd., Shandong Gold Mining Co. Ltd, Tata Steel Limited and Vale S.A.
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