PUBLISHER: Polaris Market Research | PRODUCT CODE: 1191452
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1191452
Green Mining Market Share, Size, Trends, Industry Analysis Report, By Type (Surface Mining and Underground Mining); By Technology; By Region; Segment Forecast, 2023-2032
The global green mining market size is expected to reach USD 27.76 billion by 2032, according to a new study by Polaris Market Research. The report "Green Mining Market Share, Size, Trends, Industry Analysis Report, By Type (Surface Mining and Underground Mining); By Technology; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing focus of key market players and governments on eco-friendly and sustainable practices in the mining industry to curb a variety of environmental concerns and enhancements in the performance of mining equipment are major factors expected to boost the growth of the global market over the course of the anticipated period.
Implementation of advanced green mining technology helps to achieve sustainable development and control problems. Companies are looking for the latest and greener technologies like power reduction which is positively impacting the market growth.
For instance, in November 2022, Epiroc introduced its new Smart and Green series highlighting zero-emission and automation, which is the next step in promoting newly developed technology with several initiatives and partnerships. The company has launched this with an aim to produce the world's greenest machines with smart functionality that comes with improved productivity, safety, and machine availability.
In recent years, the demand and penetration for green energy have gained high traction across the globe, as it relies heavily on raw materials including lithium and cobalt, which are highly sourced from mining activities rather than the energy sourced from the burning of fossil fuels, which fueled the growth and likely to impact the demand positively in the coming years. In addition, growing practices and measures of water and energy consumption, minimizing land disturbances, and waste production, and helping mining processes become more environmentally sustainable.
The growing need for adoption and integration of carbon-reducing technologies with automation and digital systems and increased focus on electrifying the entire mining ecosystem through innovative business models and collaborations to achieve climate-change targets, enhancing green mining technology all around the world.
Green Mining Market Report Highlights
Surface mining segment is expected to grow fastest at a CAGR during the anticipated period due to its wide range of beneficial features such as lower production cost, cheaper equipment, and improved safety of miners
Power reduction segment is estimated to hold a significant revenue share throughout the projected period, which is accelerated by growing penetration and the emergence of processes associated with the reduction of solid materials
Asia Pacific region is likely to register significant growth during the anticipated period owing to a high consumer base and expansion of various sustainable practices along with the rising innovations in mining technologies in countries like India and China
The global key market players include Tata Steel Limited, Saudi Arabian Mining Corporation, Vale S.A., Jiangxi Copper Corporation, and Dundee Precious Metals
Polaris Market Research has segmented the green mining market report based on type, technology, and region:
Green Mining, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Surface Mining
Underground Mining
Green Mining, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
Power Reduction
Fuel and Maintenance Reduction
Emission Reduction
Water Reduction
Others
Green Mining, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Green Mining Market Insights
- 4.1. Green Mining Market - Industry Snapshot
- 4.2. Green Mining Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rapidly growing use of electric vehicles
- 4.2.1.2. Increasing utilization of renewable energy in the process of green mining
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High initial investments
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Green Mining Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Green Mining Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Green Mining, by Type, 2019-2032 (USD Billion)
- 5.3. Surface Mining
- 5.3.1. Global Green Mining Market, by Surface Mining, by Region, 2019-2032 (USD Billion)
- 5.4. Underground Mining
- 5.4.1. Global Green Mining Market, by Underground Mining, by Region, 2019-2032 (USD Billion)
6. Global Green Mining Market, by Technology
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 6.3. Power Reduction
- 6.3.1. Global Green Mining Market, by Power Reduction, by Region, 2019-2032 (USD Billion)
- 6.4. Fuel and Maintenance Reduction
- 6.4.1. Global Green Mining Market, by Fuel and Maintenance Reduction, by Region, 2019-2032 (USD Billion)
- 6.5. Emission Reduction
- 6.5.1. Global Green Mining Market, by Emission Reduction, by Region, 2019-2032 (USD Billion)
- 6.6. Water Reduction
- 6.6.1. Global Green Mining Market, by Water Reduction, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Green Mining Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Green Mining Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Green Mining Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Green Mining Market - North America
- 7.3.1. North America: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.3.2. North America: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.3.3. Green Mining Market - U.S.
- 7.3.3.1. U.S.: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.3.4. Green Mining Market - Canada
- 7.3.4.1. Canada: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.4. Green Mining Market - Europe
- 7.4.1. Europe: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.2. Europe: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.4.3. Green Mining Market - UK
- 7.4.3.1. UK: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.4.4. Green Mining Market - France
- 7.4.4.1. France: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.4.2. France: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.4.5. Green Mining Market - Germany
- 7.4.5.1. Germany: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.4.6. Green Mining Market - Italy
- 7.4.6.1. Italy: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.4.7. Green Mining Market - Spain
- 7.4.7.1. Spain: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.4.8. Green Mining Market - Netherlands
- 7.4.8.1. Netherlands: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.4.9. Green Mining Market - Russia
- 7.4.9.1. Russia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.5. Green Mining Market - Asia Pacific
- 7.5.1. Asia Pacific: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.5.3. Green Mining Market - China
- 7.5.3.1. China: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.3.2. China: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.5.4. Green Mining Market - India
- 7.5.4.1. India: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.4.2. India: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.5.5. Green Mining Market - Malaysia
- 7.5.5.1. Malaysia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.5.6. Green Mining Market - Japan
- 7.5.6.1. Japan: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.5.7. Green Mining Market - Indonesia
- 7.5.7.1. Indonesia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.5.8. Green Mining Market - South Korea
- 7.5.8.1. South Korea: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.6. Green Mining Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.6.3. Green Mining Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.6.4. Green Mining Market - UAE
- 7.6.4.1. UAE: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.6.5. Green Mining Market - Israel
- 7.6.5.1. Israel: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.6.6. Green Mining Market - South Africa
- 7.6.6.1. South Africa: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.7. Green Mining Market - Latin America
- 7.7.1. Latin America: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.7.3. Green Mining Market - Mexico
- 7.7.3.1. Mexico: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.7.4. Green Mining Market - Brazil
- 7.7.4.1. Brazil: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Green Mining Market, by Type, 2019-2032 (USD Billion)
- 7.7.5. Green Mining Market - Argentina
- 7.7.5.1. Argentina: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Green Mining Market, by Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. BHP Billiton
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Anglo American
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Tata Steel Limited
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Jiangxi Copper
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Dundee Precious Metals
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Liebherr
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. VALE S.A
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Rin Tinto
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Saudi Arabian Mining
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Doosan Infracore
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Shandong Gold Mining
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Green Twirl Energy
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Deloitte Australia
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Wirtgen Group
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Glencore
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Safe Green Mining
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
- 9.17. Freeport-McMoRan
- 9.17.1. Company Overview
- 9.17.2. Financial Performance
- 9.17.3. Product Benchmarking
- 9.17.4. Recent Development
List of Tables
- Table 1 Global Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 2 Global Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 3 Green Mining Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 5 North America: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 7 U.S.: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 8 Canada: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 9 Canada: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 10 Europe: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 11 Europe: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 12 UK: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 13 UK: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 14 France: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 15 France: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 16 Germany: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 17 Germany: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 18 Italy: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 19 Italy: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 20 Spain: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 21 Spain: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 23 Netherlands: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 24 Russia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 25 Russia: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 28 China: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 29 China: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 30 India: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 31 India: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 33 Malaysia: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 34 Japan: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 35 Japan: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 37 Indonesia: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 39 South Korea: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 44 UAE: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 45 UAE: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 46 Israel: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 47 Israel: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 49 South Africa: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 51 Latin America: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 53 Mexico: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 55 Brazil: Green Mining Market, by Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Green Mining Market, by Technology, 2019-2032 (USD Billion)
- Table 57 Argentina: Green Mining Market, by Type, 2019-2032 (USD Billion)
List of Figures
Figure 1 Global Green Mining Market, 2019-2032 (USD Billion)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter's Five Forces
Figure 6 Market by Technology
Figure 7 Global Green Mining Market, by Technology, 2021 & 2030 (USD Billion)
Figure 8 Market by Type
Figure 9 Global Green Mining Market, by Type, 2021 & 2030 (USD Billion)
Figure 10 Green Mining Market Assessment, By Geography, 2019-2032 (USD Billion)
Figure 11 Strategic Analysis - Green Mining Market
