Green Mining Market by Mining Type (Surface and Underground), Technology (Power Reduction, Fuel and Maintenance Reduction, Toxicity Reduction, Emission Reduction, and Water Reduction), and Region (NA, SA, EU, APAC, MEA) - Global Forecast to 2024
[106 Pages Report] The green mining market size is projected to grow from the estimated USD 9.0 billion in 2019 to USD 12.9 billion by 2024, at a compound annual growth rate (CAGR) of 7.5% during the forecast period. As the countries tighten the environmental regulations and the public concern about the mining industry grows, this increases the pressure on these mining companies to minimize their environmental impacts and pay a higher amount to the occurring local issues. This might raise the companies’ capital and operating expenditure to comply with environmental norms and laws.
Surface mining is projected to be the second fastest-growing during the forecast period.
Surface mining has higher productivity, which lowers the costs; in the case of underground mining, the equipment for maintaining productivity is more expensive as compared to the open pit equipment. Moreover, open pit provides a large production scale, and the share of open pit mines have also offered the opportunity for manufacturing open pit equipment in large number that further decreases the production costs. A lot of surface mines operate for 24 hours a day and almost around 365 days a year to put the pit machinery for as many hours as possible, which in turn decreases the number of equipment required.
Power reduction is the largest type of green mining market.
Power consumption processes such as comminution process are done for the reduction of solid materials from average size to smaller particle size by crushing, grinding, cutting, vibrating, or any such similar processes. It is one of the energy-intensive processes and includes both crushing and grinding. According to the Coalition for Energy Efficient Comminution, the process approximately uses about 3% of the total global electricity production and about 50% of the complete mine’s energy and about 10% of the total production costs. Mines rarely have any control over the cost incurred in energy, so it is essential for the comminution process to meet the requirements while reducing the amount of energy as much as possible.
Europe is estimated to account for the largest market share during the forecast period.
Europe is estimated to dominate the overall green mining market in the forecast period. The region has emerged as the largest consumer and promoter of green mining practices, owing to the growth of sustainable practices in countries such as Germany, Russia, Poland, and Turkey. The reason to protect the environment by using better technology is expected to drive the market of green mining in this region.
Key Market Players
The leading players in the green mining market are Glencore (Switzerland), Rio Tinto (UK), BHP Billiton (Australia), Vale S.A (Brazil), Tata Steel (India), Anglo American (UK), Jiangxi Copper Corporation (China), Dundee Precious (Canada), and Freeport-McMoRan (US). Most of these leading players operate globally and focus on reducing emissions and water conservation to meet the regulations implemented by the government.
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|
Report Metric |
Details |
|
Market size available for years |
2017–2024 |
|
Base year |
2018 |
|
Forecast period |
2019–2024 |
|
Unit considered |
Value (USD Million) |
|
Segments |
Mining type, Technology, and Region |
|
Regions |
North America, Asia Pacific, Europe, South America, Middle East& Africa |
|
Companies |
Glencore (Switzerland), Rio Tinto (UK), BHP Billiton (Australia), Vale S.A (Brazil), Tata Steel (India), Anglo American (UK), Jiangxi copper corporation (China), Dundee precious (Canada), and Freeport-McMoRan (US) among the 14 key players covered. |
This research report categorizes the global green mining market based on mining type, technology, and region.
Based on mining type:
- Surface
- Underground
Based on technology:
- Power Reduction
- Comminution Efficiency
- Hydrometallurgical Processes
- Fuel and Maintenance Reduction
- Equipment route optimization
- Fuel additives
- Natural gas conversion
- Training Simulators
- Toxicity Reduction
- Bioleaching
- Bioremediation
- Emission Reduction
- Dust management
- Carbon Sequestration
- Interior Bleaching
- Water Reduction
- AMD/ARD Remediation
- Wastewater processing:
- Tailings Remediation
- Desalination
Based on the region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
The market is analyzed further for the key countries in each of these regions.
Recent Developments
- Glencore’s Raglan mine operates cost-effectively to extract nickel. The mine is not connected with any hydroelectric or natural gas networks. Glencore has been working towards the use of renewable energy sources for Raglan mine by the erection of a wind turbine along with an integrating storage system with energy network to enable maximum energy from the wind turbine.
- Rio Tinto is focusing on improving the efficiency and productivity of its operations and has reduced its emissions intensity by almost 30% and aims to reduce it further by 2020. About 70% of the electricity that is being used across the organization is from low carbon renewable energy. The company is also the first company to be verified under the aluminum stewardship initiative.
- Vale invested USD 487 million in 2017 in environmental performance and its improvement. Among that, the most significant investment was in atmospheric emissions, water resources, and waste management.
- BHP Billiton has installed real-time air monitoring networks to provide proper feedback about the off-site dust impacts. This will allow the company to make the necessary changes in the dust mitigation activities in response to any change in weather or product properties.
Key Questions addressed by the report
- What are the growth prospects of the green mining industry?
- What are the new technologies being used in green mining that makes it different and better than the traditional mining methods?
- Which region is expected to have the maximum growth in terms of implementation of these green technologies?
- What are the possible drivers, restraints, opportunities, and challenges in green mining market?
- How will green mining activities affect the overall budget of the mining project?
- What is the importance of surface miners and HEMM equipment towards sustainable mining, and how will it help in preventing unwanted pollution in the environment?
- How much energy conservation (on an average) is achieved by using such equipment?
- Why are mining companies preferring this equipment, can you comment on the acceptance rate?
- What has been the growth story so far, and how do you foresee the future growth outlook for sustainable mining equipment?
Frequently Asked Questions (FAQ):
What are the driving factors for green mining?
What are the technologies adopted by mining companies for green mining?
What are the types of mining prevalent in Green Mining?
The most prevalent type of green mining is underground mining and surface mining.
What are the opportunities for green mining?
What are the restrains for green mining?
What are some challenges in green mining activity?
What is the future outlook of each segment?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 27)
4.1 Attractive Opportunities in the Green Mining Market
4.2 Green Mining Market, By Type
4.3 Green Mining Market, By Technology
4.4 APAC Green Mining Market, By Type and Country
4.5 Green Mining Market, By Key Countries
5 Market Overview (Page No. - 30)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Concern About the Environment
5.2.1.2 Climate Change and Its Effects on the Mining Industry
5.2.2 Restraints
5.2.2.1 Financing Green Mining Activities
5.2.3 Opportunities
5.2.3.1 Introduction of Electric Vehicles and Renewable Sources of Energy
5.2.4 Challenges
5.2.4.1 Uncontrolled and Illegal Mining Activities in Africa
6 Green Mining Market, By Type (Page No. - 35)
6.1 Introduction
6.2 Underground Mining
6.2.1 Underground Mining Requires Complicated Machinery as It is Necessary to Consider Factors Such as Ground Conditions, Ore Body Geometry, and Limited Access Area.
6.3 Surface Mining
6.3.1 Surface Mining has Higher Productivity Than Underground Mining With A Lower Cost of Production
7 Green Mining Market, By Technology (Page No. - 40)
7.1 Introduction
7.2 Power Reduction
7.2.1 The Need for an Alternative Source of Energy Sources is Required as the Mining Companies have to Compete With Both Governments and Local Communities for These Scarce Resources
7.2.2 Comminution Efficiency
7.2.3 Hydrometallurgical Processes
7.3 Fuel and Maintenance Reduction
7.3.1 Mining Companies have Been Developing Various Models to Track This Activity to Estimate the Value of the Haulage Parameter So as to Reduce the Fuel Consumption
7.3.2 The Equipment Route Optimization
7.3.3 Fuel Additives
7.3.4 Natural Gas Conversion
7.3.5 Training Simulators
7.4 Emission Reduction
7.4.1 Mining Companies are Investing in Various Operational Activities in Order to Reduce the Amount of Emissions.
7.4.2 Dust Management
7.4.3 Carbon Sequestration
7.4.4 Interior Bioleaching
7.5 Water Reduction
7.5.1 The Mining Industry Produces Large Amounts of Highly Concentrated Which Depletes the Surface Water, and Causes Pollution to the Local Waterbodies Present Near the Mine.
7.5.2 AMD Remediation
7.5.3 Wastewater Processing
7.5.4 Tailings Remediation
7.5.5 Desalination
7.6 Others
7.6.1 Interior Bioleaching
7.6.2 Bioremediation
8 Green Mining Market, By Region (Page No. - 51)
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 Increased Focus of the US on Sustainable Practices is Expected to Drive the Market in the Country
8.2.2 Canada
8.2.2.1 The Need to Meet the Required Sustainability Criteria By the Government is Expected to Drive the Market
8.2.3 Mexico
8.2.3.1 The Increasing Awareness to Decrease the Impact on the Environment
8.3 Europe
8.3.1 Germany
8.3.1.1 Strong Legislation and Unified Federal Laws Against Protecting the Environment are Expected to Influence the Market Positively
8.3.2 Russia
8.3.2.1 Increase in Pollution Monitoring By Mining Companies and Increasing Adoption for Energy Efficient Process Will Drive the Green Mining Market in the Country
8.3.3 Poland
8.3.3.1 Increasing Government’s Focus on Minimizing the Environmental Damage Caused Due to Mining Activities is Fostering the Green Mining Market
8.3.4 Turkey
8.3.4.1 Increasing Concern on Mine Safety and Environmental Protection are Expected to Drive Green Mining Activities
8.3.5 Rest of Europe
8.4 APAC
8.4.1 China
8.4.1.1 Initiatives Taken By the Government to Recover the Coal Mine Methane and Ensure the Protection of Both the Environment and Natural Resources to Impact the Green Mining Market Positively
8.4.2 Australia
8.4.2.1 Australian Government Possesses All the Significant Geological Information Related to the Region, and This Activity is Aiding the Market Growth
8.4.3 India
8.4.3.1 The Government has Taken Effective Steps Against the Negative Impacts of Mining and This is Fueling the Green Mining Practicess
8.4.4 Indonesia
8.4.4.1 The Global Awareness Regarding the Importance to Reduce the Country’s Dependency on Fossil Fuel and Focus on the Development of Renewable Energy Resources is Expected to Fuel the Demand for Green Mining Market
8.4.5 Rest of APAC
8.5 Middle East & Africa
8.5.1 South Africa
8.5.1.1 The Country is Taking A Number of Initiatives to Promote Sustainable Mining Practices, Hence Will Drive the Green Mining Market
8.5.2 Qatar
8.5.2.1 The Country is Actively Participating in Various Initiatives to Reduce the Environmental Impact Caused By the Mining Industry
8.5.3 Rest of the Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.1.1 The Country’s Stringent Regulation on Environmental Protection is Expected to Drive the Market for Green Mining
8.6.2 Chile
8.6.2.1 The Increasing Efforts to Conserve Water and Energy in the Mining Industry is Driving Various Green Mining Activities
8.6.3 Colombia
8.6.3.1 The Active Participation of the Government to Conserve the Environment is Likely to Drive the Market in the Country
9 Company Profiles (Page No. - 81)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
9.1 Glencore
9.2 RIO Tinto
9.3 Vale S.A.
9.4 BHP Billiton
9.5 Tata Steel
9.6 Anglo American
9.7 Jiangxi Copper Corporation Limited
9.8 Dundee Precious Metals
9.9 Liebherr
9.10 Other Players
9.10.1 Saudi Arabian Mining Corporation
9.10.2 Sany
9.10.3 Doosan Infracore
9.10.4 Shandong Gold Mining Co. Ltd
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
10 Appendix (Page No. - 100)
10.1 Discussion Guide
10.2 Knowledge Store: Marketsandmarkets Subscription Portal
10.3 Available Customizations
10.4 Related Reports
10.5 Author Details
List of Tables (70 Tables)
Table 1 Environmental Regulations for Mining Industry
Table 2 Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 3 Potential Hazards From the Mining Industry
Table 4 Underground Mining Market Size, By Region, 2017–2024 (USD Million)
Table 5 Surface Mining Market Size, By Region, 2017–2024 (USD Million)
Table 6 Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 7 Power Reduction: Green Mining Market Size, By Region, 2017–2024 (USD Million)
Table 8 Natural Gas has Various Advantages Over Fuel Oil
Table 9 Fuel and Maintenance Reduction: Green Mining Market Size, By Region, 2017–2024 (USD Million)
Table 10 Drilling Without Extractor vs Drilling With Extractor
Table 11 Emission Reduction: Green Mining Market Size, By Region, 2017–2024 (USD Million)
Table 12 Water Reduction: Green Mining Market Size, By Region, 2017–2024 (USD Million)
Table 13 Others: Green Mining Market Size, By Region, 2017–2024 (USD Million)
Table 14 Green Mining Market Size, By Region, 2017–2024 (USD Million)
Table 15 Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 16 Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 17 North America: Green Mining Market Size, By Country, 2017–2024 (USD Million)
Table 18 North America: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 19 North America: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 20 US: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 21 US: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 22 Canada: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 23 Canada: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 24 Mexico: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 25 Mexico: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 26 Europe: Green Mining Market Size, By Country, 2017–2024 (USD Million)
Table 27 Europe: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 28 Europe: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 29 Germany: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 30 Germany: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 31 Russia: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 32 Russia: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 33 Steps Taken By Companies for Sustainable Mining
Table 34 Poland: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 35 Poland: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 36 Turkey: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 37 Turkey: Green Mining Market Size, By Technology, 2017–2024 (Kiloton)
Table 38 Rest of Europe: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 39 Rest of Europe: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 40 APAC: Green Mining Market Size, By Country, 2017–2024 (USD Million)
Table 41 APAC: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 42 APAC: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 43 China: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 44 China: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 45 Australia: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 46 Australia: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 47 India: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 48 India: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 49 Indonesia: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 50 Indonesia: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 51 Rest of APAC: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 52 Rest of APAC: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 53 Middle East & Africa: Green Mining Market Size, By Country, 2017–2024 (USD Million)
Table 54 Middle East & Africa: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 55 Middle East & Africa: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 56 South Africa: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 57 South Africa: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 58 Qatar: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 59 Qatar: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 60 Rest of the Middle East & Africa: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 61 Rest of the Middle East & Africa: Green Mining Market Size, By Technology 2017–2024 (USD Million)
Table 62 South America: Green Mining Market Size, By Country, 2017–2024 (USD Million)
Table 63 South America: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 64 South America: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 65 Brazil: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 66 Brazil: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 67 Chile: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 68 Chile: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
Table 69 Colombia: Green Mining Market Size, By Mining Type, 2017–2024 (USD Million)
Table 70 Colombia: Green Mining Market Size, By Technology, 2017–2024 (USD Million)
List of Figures (35 Figures)
Figure 1 Green Mining Market: Research Design
Figure 2 Green Mining Market: Bottom-Up Approach
Figure 3 Green Mining Market: Top-Down Approach
Figure 4 Green Mining Market: Data Triangulation
Figure 5 Surface Mining Was the Larger Segment in the Green Mining Market in 2018
Figure 6 Power Reduction to Be the Fastest-Growing Technology of Green Mining
Figure 7 Europe to Be the Fastest-Growing Green Mining Market During the Forecast Period
Figure 8 Growing Concern About the Environment and Stringent Environmental Regulations for Mining to Drive the Market
Figure 9 Surface Mining to Register the Higher CAGR
Figure 10 Power Reduction to Be the Fastest-Growing Technology
Figure 11 Surface Mining and China Accounted for the Largest Market Share in APAC in 2018
Figure 12 Russia to Be the Fastest-Growing Market for Green Mining
Figure 13 Drivers, Restraints, Opportunities, and Challenges: Green Mining Market
Figure 14 Surface Mining is the Larger Segment in the Green Mining Market
Figure 15 Power Reduction is the Dominant Technology Segment in the Green Mining Market
Figure 16 Russia and Australia to Be the Fastest-Growing Green Mining Market
Figure 17 North America: Green Mining Market Snapshot
Figure 18 APAC: Green Mining Market Snapshot
Figure 19 Glencore: Company Snapshot
Figure 20 Glencore: SWOT Analysis
Figure 21 RIO Tinto: Company Snapshot
Figure 22 RIO Tinto: SWOT Analysis
Figure 23 Vale S.A: Company Snapshot
Figure 24 Vale S.A: SWOT Analysis
Figure 25 BHP Billiton: Company Snapshot
Figure 26 BHP Billiton: SWOT Analysis
Figure 27 Tata Steel: Company Snapshot
Figure 28 Tata Steel: SWOT Analysis
Figure 29 Anglo American: Company Snapshot
Figure 30 Jiangxi Copper Corporation Limited: Company Snapshot
Figure 31 Dundee Precious Metals: Company Snapshot
Figure 32 Liebherr: Company Snapshot
Figure 33 Saudi Arabia Mining Corporation: Company Snapshot
Figure 34 Sany: Company Snapshot
Figure 35 Doosan Infracore: Company Snapshot
The study involves four major activities in estimating the current market size for green mining. Exhaustive secondary research was done to collect information related to the green mining market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.
Primary Research
The green mining market comprises several stakeholders, such as equipment suppliers, technology developers, mining companies, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the construction and transportation industries. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents—
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the global green mining market and to estimate the sizes of various other dependent submarkets. The research methodology used to estimate the market size includes the following:
- The key players in the industry were identified through extensive secondary research.
- The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
- All percentage shares and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of key industry players along with extensive interviews with key officials, such as directors and marketing executives.
Data Triangulation
After arriving at the total market size through the estimation process explained above, the overall market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market size estimation process and arrive at the exact statistics for all segments and sub-segments. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources—top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.
Report Objectives
- To define, describe, and forecast the market size of green mining, in terms of value
- To provide information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To analyze and forecast the green mining market size based on mining type
- To analyze and forecast the green mining market size based on technology
- To forecast the market size of different segments with respect to four regions, namely, APAC, Europe, North America, South America, and Middle East & Africa
- To forecast the green mining market size of different segments with respect to key countries of each region
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To analyze the competitive developments, and new product development, in the market
- To strategically profile the key players and comprehensively analyze their growth strategies
Available Customizations:
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