PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1133248
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1133248
According to SPER Market Research, the Global Green Mining Market is estimated to reach USD 18.56 billion by 2030 with a CAGR of 6.8%.
The mining industry is a big energy consumer with considerable energy input for daily procedures. The mining industry is predicted to grow rapidly in the next years. This increases the likelihood of excessive energy use. Green mining is defined as technologies, best practices, and mine processes that are implemented as means to reduce the environmental impact associated with the extraction and processing of metals and minerals
The growing environmental concern about the detrimental impact of traditional mining operations is increasing the demand for eco-friendly and sustainable mining solutions. Furthermore, numerous government agencies are enacting strict restrictions to reduce carbon footprints during mineral and metal extraction procedures. As a result, various environmental protection organizations have enforced ecological evaluation procedures relevant to the safe development and rehabilitation of mines, hence increasing the demand for green mining approaches.
The mining industry is striving to decrease energy consumption by employing efficient energy utilization plans. Green mining can significantly reduce the amount of electricity used by a mining company. Green mining is capital-intensive. This is anticipated to hamper the green mining market.
Impact of COVID-19 on the Global Green Mining Market
The COVID-19 epidemic has harmed the worldwide green mining business. Because of the lockdowns, mining operations around the world have temporarily ceased. However, the increase in global demand for metals following the lockdowns is expected to result in a rapid revival of the green mining sector shortly. The most significant impacts caused by the COVID-19 pandemic on the global mining industry consist of the drastic decline in demand and production and the decrease in the prices of several commodities. As with any complex global situation, the mining industries of some countries were affected more than others by the COVID-19 crisis.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2030
Base year considered 2021
Forecast period 2022-2030
Segments covered By Type, By Technology, By Application
Geographies covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Covered Anglo American, BHP Billiton,Doosan Infracore, Dundee Precious, Freeport-McMoRan, Glencore, Jiangxi Copper Corporation, Ma'aden,Rio Tinto, Sany Heavy Industry Co., Ltd., Saudi Arabian Mining Corporation, Shandong Gold Mining Co. Ltd., TATA Steel, Vale S.A.
Global Green Mining Market, By Type:
Based on The Type, Global Green Mining Market is segmented as; Surface and Underground.
Global Green Mining Market, By Technology:
Based on The Technology, Global Green Mining Market is segmented as; Power Reduction, Emission Reduction, Water Reduction, and Others.
Global Green Mining Market, By Application:
Based on The Application, Global Green Mining Market is segmented as; Mining and Exploration Geology.
Global Green Mining Market, By Region:
The Asia Pacific emerged as the leading region in the Global Green Mining Market with the maximum market share in 2021.