Friday 21 September 2018

Automation and Digitization Can Fuel Mining Drills And Breakers Market

21 September 2018: According to Grand View Research, Inc., the worldwide mining drills and breakers market is predicted to achieve USD 17.03 billion by 2025. Mining drills and breakers are extensively utilized in applications including metal mining, mineral mining, and coal mining.

Mining Drills And Breakers Market

On October 04, 2017, Atlas Copco signed a letter of intent with Saab, a defense and security company and its subsidiary, Combitech, the technology consultancy for secure digitalized mining operation. The association is based on Atlas Copco’s years of experience in the mining industry and Combitech’s wide experience from digitalization of defense, and telecom operations. Digital and automated mining operations may lead to considerable savings and improvements in productivity and security. The contract contains digitalization efforts regarding ecosystem solutions, cyber security, and autonomous mining control tower.

Recently, Sandvik has started a worldwide rock drill competence and development center in Finland. The center can be helpful in the development of rock drills utilized in surface and underground drilling applications.

On May 31, 2017, Metso Corporation announced about association with Rockwell Automation for developing industrial IoT solutions for mining operations. It is created on the Rockwell Automation FactoryTalk Cloud platform, based on Microsoft Azure.  The IoT solutions can help to link, monitor, and offer analytics for company’s equipment and services to improve mining. The digital solution will offer predictive analytics, remote asset monitoring, and preventive maintenance.

Growing mineral exploration, research and development (R & D) activities, and   development of sonic, infrared, and optical micro cameras for measuring parameters in a borehole can propel mining drills and breakers market over the forecast period (2014 to 2025).  Factors including soil erosion, water shortages, loss of biodiversity, and others have increased the demand for powerful equipment and effective mining solutions.

But, security and safety worries regarding use of heavy equipment may restrain the market growth.

Asia Pacific is likely to show rapid growth due to favorable mining guidelines about exports of minerals and metals.

Some of the leading companies operating in the market include Caterpillar, Inc.; Atlas Copco AB; Komatsu Ltd; Boart Longyear Ltd.; and Sandvik AB.

In-Depth Research Report On Mining Drills And Breakers Market:
https://www.grandviewresearch.com/industry-analysis/mining-drills-and-breakers-market

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