Green Mining Global Market Report 2024

Description

Green mining involves the use of technologies to reduce carbon emissions in mining operations and mitigate adverse environmental impacts.

The primary types of green mining are surface and underground. Surface green mining involves a method of extracting minerals near the surface of the Earth, encompassing strip mining and open-pit mining as the two principal types of surface mining. These green mining services incorporate various technology types, such as power reduction, emission reduction, water reduction, and others. Different applications, including mining and exploration geology, utilize green mining practices.

The green mining research report is one of a series of new reports from The Business Research Company that provides green mining statistics, including global market size, regional shares, competitors with green mining shares, detailed green mining segments, market trends and opportunities, and any further data you may need to thrive in the green mining industry. This green mining research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.B57

The green mining market size has grown strongly in recent years. It will grow from $9.82 billion in 2023 to $10.66 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The increase during the historical period can be credited to the demand for sustainable resources, cost savings through efficiency, community and stakeholder expectations, and efforts focused on water and energy efficiency, as well as rehabilitation and restoration initiatives.

The green mining market size is expected to see strong growth in the next few years. It will grow to $14.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be ascribed to the adoption of a circular economy in mining, innovations in mining equipment, the processing of eco-friendly materials, initiatives focused on biodiversity conservation, and responsible mineral sourcing. Key trends expected in the forecast period encompass the use of zero-emission vehicles and technologies, the application of blockchain for transparency and traceability, the implementation of carbon capture and storage (CCS), collaboration for sustainable mining practices, and advancements in sensor technologies.

The green mining market is witnessing growth due to the increasing demand for surface mining techniques. Surface mining is preferred by mining companies for its cost-effectiveness and safety. The technique includes sub-types such as strip mining, open-pit mining, dredging, high-wall mining, and mountaintop removal. According to Intech Open, open-pit mining is favored for its higher productivity, lower production costs, and safer environment compared to underground mining. Therefore, the rising demand for surface mining techniques is a key driver of the green mining market.

The green mining market is expected to grow due to the rising energy consumption. Green mining promotes the use of renewable energy sources to reduce greenhouse gases and incorporates waste heat recovery systems. According to the U.S. Energy Information Administration, primary energy consumption in the United States reached 100.4 quadrillion British thermal units in 2022, reflecting a 3% growth compared to the previous year. This increasing energy consumption contributes to the rapid growth of the green mining market.

Major players are dedicated to developing innovative solutions, including green energy accelerator platforms. A green energy accelerator platform is a specialized initiative or digital platform designed to accelerate the development, adoption, and scaling of green or renewable energy solutions. In November 2023, Fortescue Metals, an Australia-based green energy company, launched 'Fortescue Capital,' a green energy investment accelerator platform. This platform, developed as a fiduciary for third-party capital, offers a flexible funding approach with models customized for each project, contingent upon formal approval from the Fortescue board.

Major companies are forming partnerships to develop new products and strengthen their market positions. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits. For instance, in October 2023, UpLink, a Switzerland-based digital platform, partnered with Prospect Innovation, a Singapore-based metals and mining industry company, to explore sustainable mining solutions. This partnership aims to accelerate the green transition in the mining and metal sectors that are challenging to decarbonize, identifying and supporting early-stage green mining startups globally to create an innovation ecosystem fostering their growth and success.

In November 2021, Evolution Mining, an Australian gold mining company, acquired Ernest Henry Mining from Glencore for A$1 billion, comprising A$800 million on the closing of the transaction and a further A$200 million payable 12 months after the transaction closes. With this acquisition, Evolution assumes full ownership and operational control of the copper-gold mine and enters into a copper concentrate offtake agreement and a separate ore tolling agreement with Glencore. Glencore PLC is an Anglo-Swiss multinational commodity trading and mining company.

Major companies operating in the green mining market report are Glencore PLC, Jiangxi Copper Corporation, BHP Group Limited, Caterpillar Inc., Rio Tinto Group, Vale S.A., Anglo American PLC, Tata Steel Ltd., Komatsu Ltd., Freeport-McMoRan Inc., Valeo SA, Atlas Copco, Teck Resources Limited, Doosan Corporation, Sany Heavy Industry Co. Ltd., Newmont Corporation, Sandvik AB, MA'ADEN, Hitachi Construction Machinery Co. Ltd., First Quantum Minerals Ltd., Shandong Gold Mining Co. Ltd., Albemarle Corporation, Eramet SA, Saudi Arabian Mining Corporation, Lundin Mining Corporation, Liebherr Group, Dundee Precious Metals Inc., Battery Mineral Resources, Joy Global Inc., Century Lithium, Metso Corporation, Outotec Oyj, FLSmidth & Co. A/S, Arena Minerals Inc.

Asia-Pacific was the largest region in the green mining market share in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the green mining market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the green mining market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The green mining market consist of sales of solar panels, wind power and others that utilizes minerals and metals which helps a transition to low-carbon technologies. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Green Mining Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on green mining market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for green mining ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The green mining market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Surface; Underground
2) By Technology: Power Reduction; Emission Reduction; Water Reduction; Other Technologies
3) By Application: Mining; Exploration Geology
Companies Mentioned: Glencore plc; Jiangxi Copper Corporation; BHP Group Limited; Caterpillar Inc.; Rio Tinto Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r15664

1. Executive Summary

2. Green Mining Market Characteristics

3. Green Mining Market Trends And Strategies

4. Green Mining Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Green Mining Market Size and Growth

5.1. Global Green Mining Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Green Mining Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Green Mining Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Green Mining Market Segmentation

6.1. Global Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Surface
Underground
6.2. Global Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Power Reduction
Emission Reduction
Water Reduction
Other Technologies
6.3. Global Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Mining
Exploration Geology

7. Green Mining Market Regional And Country Analysis

7.1. Global Green Mining Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Green Mining Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Green Mining Market

8.1. Asia-Pacific Green Mining Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Green Mining Market

9.1. China Green Mining Market Overview
9.2. China Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Green Mining Market

10.1. India Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Green Mining Market

11.1. Japan Green Mining Market Overview
11.2. Japan Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Green Mining Market

12.1. Australia Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Green Mining Market

13.1. Indonesia Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Green Mining Market

14.1. South Korea Green Mining Market Overview
14.2. South Korea Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Green Mining Market

15.1. Western Europe Green Mining Market Overview
15.2. Western Europe Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Green Mining Market

16.1. UK Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Green Mining Market

17.1. Germany Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Green Mining Market

18.1. France Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Green Mining Market

19.1. Italy Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Green Mining Market

20.1. Spain Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Green Mining Market

21.1. Eastern Europe Green Mining Market Overview
21.2. Eastern Europe Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Green Mining Market

22.1. Russia Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Green Mining Market

23.1. North America Green Mining Market Overview
23.2. North America Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Green Mining Market

24.1. USA Green Mining Market Overview
24.2. USA Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Green Mining Market

25.1. Canada Green Mining Market Overview
25.2. Canada Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Green Mining Market

26.1. South America Green Mining Market Overview
26.2. South America Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Green Mining Market

27.1. Brazil Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Green Mining Market

28.1. Middle East Green Mining Market Overview
28.2. Middle East Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Green Mining Market

29.1. Africa Green Mining Market Overview
29.2. Africa Green Mining Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Green Mining Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Green Mining Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Green Mining Market Competitive Landscape And Company Profiles

30.1. Green Mining Market Competitive Landscape
30.2. Green Mining Market Company Profiles
- 30.2.1. Glencore plc
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Jiangxi Copper Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. BHP Group Limited
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Caterpillar Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Rio Tinto Group
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Green Mining Market Other Major And Innovative Companies

31.1. Vale S.A.
31.2. Anglo American plc
31.3. Tata Steel Ltd.
31.4. Komatsu Ltd.
31.5. Freeport-McMoRan Inc.
31.6. Valeo SA
31.7. Atlas Copco
31.8. Teck Resources Limited
31.9. Doosan Corporation
31.10. Sany Heavy Industry Co. Ltd.
31.11. Newmont Corporation
31.12. Sandvik AB
31.13. MA'ADEN
31.14. Hitachi Construction Machinery Co. Ltd.
31.15. First Quantum Minerals Ltd.

32. Global Green Mining Market Competitive Benchmarking

33. Global Green Mining Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Green Mining Market

35. Green Mining Market Future Outlook and Potential Analysis

35.1 Green Mining Market In 2028 - Countries Offering Most New Opportunities
35.2 Green Mining Market In 2028 - Segments Offering Most New Opportunities
35.3 Green Mining Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer