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Global Mine Ventilation Market Size is Estimated to Grow from USD 326 Million in 2019 to USD 401 Million By 2024 at a CAGR of 4.3% - ResearchAndMarkets.com

January 6, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 6, 2020--

The  “Mine Ventilation Market by Offering (Equipment (Ventilation, Heating, Cooling), Software, and Services), Technique (Underground Mining, Surface Mining), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2024”  report has been added to  ResearchAndMarkets.com’s  offering.

Mine ventilation market to exhibit significant growth during 2019-2024

The key factors driving the growth of the market include the requirement for optimized and quality airflow in mines and a rise in number of infrastructure development projects. However, depletion of natural resources and electrification of mine equipment and machinery is restraining the market growth.

Equipment to lead overall mine ventilation market during forecast period

Productivity and safety are the main priorities of any mine operator. Equipment such as fans, air coolers, and heaters are contributing to the growth of the market. These equipment are used in mines for maintaining safe and comfortable working conditions for the miners.

Underground mining market to grow at highest CAGR during forecast period

An underground mining technique is used to extract the mineral and ore deposits, which are buried deep under the earth’s crust. The primary objective of operating an underground mine is to extract the maximum amount of ore with a minimum tailing. However, underground mining is considered more dangerous than surface mining due to potential dangers such as the adverse health effects, collapse, and the release of toxic gases and the lack of proper ventilation, which results in suffocation. Thus, mine ventilation systems are required to provide a flow of air to the underground workings of a mine in sufficient volume to dilute and remove dust and noxious gases; and regulate temperature.

Asia Pacific to be largest and fastest-growing mine ventilation market during forecast period

The region has abundant natural reserves in the form of iron ore, copper, gold, silver, zinc, and magnesium. Australia, China, and India are the major countries wherein mining is done. The region has witnessed growth in mining operations due to increasing demand for raw materials from various manufacturing industries. With the growing mining operations, the mine operating companies have increased demand for mine ventilation systems in APAC.

Reasons to buy the report:

Key Topics Covered:

1 Introduction

1.1 Study Objectives

1.2 Market Definition and Scope

1.3 Inclusions and Exclusions

1.4 Study Scope

1.4.1 Markets Covered

1.4.2 Years Considered

1.5 Currency

1.6 Limitations

1.7 Market Stakeholders

2 Research Methodology

2.1 Introduction

2.1.1 Secondary Data

2.1.2 Primary Data

2.1.3 Secondary and Primary Research

2.2 Market Size Estimation

2.2.1 Bottom-Up Approach

2.2.2 Top-Down Approach

2.3 Market Breakdown and Data Triangulation

2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

4.1 Mine Ventilation Market, 2019-2024 (USD Million)

4.2 Market, By Offering

4.3 Mine Ventilation Equipment Market, By Type

4.4 Market, By Technique and Region

4.5 Market, By Geography

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.3 Drivers

5.4 Restraints

5.5 Opportunities

5.7 Challenges

5.8 Value Chain Analysis

6 Mine Ventilation Market, By Equipment

6.1 Introduction

6.2 Equipment

6.3 Software

6.4 Services

7 Mine Ventilation Market, By Technique

7.1 Introduction

7.2 Underground Mining

7.3 Surface Mining

8 Geographic Analysis

8.1 Introduction

8.2 North America

8.3 Europe

8.4 Asia Pacific

8.5 RoW

9 Competitive Landscape

9.1 Overview

9.2 Ranking of Players in Market

9.3 Microquadrants Overview

9.3.1 Visionaries

9.3.2 Dynamic Differentiators

9.3.3 Innovators

9.3.4 Emerging Companies

9.5 Competitive Situations & Trends

9.5.1 Product Launches

10 Company Profiles

10.1 Key Players

10.1.1 ABB Business Overview Products Offered Recent Developments SWOT Analysis

10.1.2 Epiroc

10.1.3 Howden

10.1.4 Stantec

10.1.5 Twin City Fan

10.1.6 ABC Industries

10.1.7 Chicago Blowers

10.1.8 DMT

10.1.9 TLT Turbo

10.1.10 New York Blower Company

10.1.11 Zitron

10.2 Right to Win

10.3 Other Companies

10.3.1 GEFA System

10.3.2 Hurley Ventilation

10.3.3 Sibenergomash

10.3.4 BBE Consulting

10.3.5 Schauenburg Industries

10.3.6 Stiavelli

10.3.7 ABC Ventilation Systems

10.3.8 Clempcorp Australia

10.3.9 Minetek

10.3.10 Zibo Fans

For more information about this report visit  https://www.researchandmarkets.com/r/rfst3k

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SOURCE: Research and Markets

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PUB: 01/06/2020 09:52 AM/DISC: 01/06/2020 09:52 AM