Green Mining Global Market Report 2025

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.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the ensuing trade tensions in spring 2025 are heavily affecting the mining sector, especially in areas such as equipment acquisition, export flows, and supply chain stability. Increased tariffs on imported heavy machinery, drilling tools, and specialized parts have driven up both capital and operational expenditures, leading to delays in project development and reduced production efficiency. Simultaneously, retaliatory tariffs from major trading partners have diminished global demand for U.S. sourced minerals particularly critical resources like lithium, copper, and rare earth elements intensifying revenue challenges. These impacts are hitting mid-sized and niche mining companies the hardest due to their reliance on international markets. In response, the industry is focusing on building domestic equipment supply chains, scaling up mineral recycling programs, and lobbying for tariff relief to regain competitiveness and safeguard long-term resource availability.

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.

The green mining market size has grown steadily in recent years. It will grow from $10.57 billion in 2024 to $11.08 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to demand for sustainable resource, cost savings through efficiency, community and stakeholder expectations, water and energy efficiency, rehabilitation and restoration initiatives.

The green mining market size is expected to see steady growth in the next few years. It will grow to $13.02 billion in 2029 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to circular economy in mining, innovation in mining equipment, eco-friendly materials processing, biodiversity conservation, responsible mineral sourcing initiatives. Major trends in the forecast period include zero-emission vehicles and technologies, blockchain for transparency and traceability, carbon capture and storage (CCS), collaboration for sustainable mining practices, advanced sensor technologies.

The forecast of 4.1% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Tariffs on imported clean-tech and monitoring tools used in green mining operations may impede sustainability targets and compliance efforts. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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 increasing energy consumption is propelling the growth of the green mining market in the coming years. Energy consumption refers to the total amount of energy used or expended over a specific timeframe, typically measured in units such as kilowatt-hours (kWh) or joules. Green mining promotes the use of renewable energy sources in energy consumption, aids in reducing greenhouse gas emissions, and incorporates waste heat recovery systems. For example, in September 2022, the Energy Information Administration, a US-based government agency, reported that the cumulative nameplate power capacity of active utility-scale battery energy storage systems (BESSs) in the US reached 8,842 MW, with a total energy capacity of 11,105 MWh in 2022. Most of this BESS capacity became operational in recent years, with approximately 4,807 MW installed in 2022 alone. Consequently, the rising energy consumption is driving the green mining market at a rapid pace.

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 January 2022, JCHX Mining Construction Group Co., Ltd., a mining construction company based in China, acquired an 80% stake in Lubambe Copper Mine Ltd for $857 million. Through this acquisition, JCHX Mining Management seeks to bolster its position in the critical minerals market and expand its portfolio in a region abundant in essential resources for the global green energy transition. Lubambe Copper Mine Limited, based in Zambia, is an underground mining company that operates with a focus on green mining practices.

Major companies operating in the green mining market include 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., 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, 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 2024. 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 2025 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.

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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, including technological disruption, regulatory shifts, and changing consumer preferences? 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 forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• 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.
• 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
• Subsegments:
• 1) By Surface: Open-Pit Mining; Strip Mining; Mountaintop Removal Mining
• 2) By Underground: Room and Pillar Mining; Longwall Mining; Block Caving
• Companies Mentioned: 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.; 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; Century Lithium; Metso Corporation; Outotec Oyj; FLSmidth & Co. A/S; Arena Minerals Inc.
• 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.