Mine Ventilation Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Global mine ventilation market is expected to register a CAGR of around 5% over the period of 2021-2027. The mine ventilation market is expected to register a CAGR of around 5% over the period of 2021-2027. This is mainly due to the stringent government regulations coupled with the growing focus of major stakeholders in the mining industry to adopt make mining more sustainable and eco-friendlier. Major mining companies are investing heavily in dust monitoring, advanced ventilation systems, and dust suppression, among others. At every place in the mine where persons are required to work or pass, the air should not contain less than 19% of oxygen or more than 0.5% of carbon dioxide or any noxious gas in quantity likely to affect the health of any person. Good ventilation in underground mines gives the ability to remove and dilute harmful dust and gas. The dust and gas can be a by-product of the ore being mined, explosives, or machinery exhaust. Thus, ventilation systems are established to deliver breathable fresh air, control the temperature and humidity, and protect the miner by evacuating hazardous gases from the mine. Therefore, the market for mine ventilation is expected to witness significant growth during the forecast period.

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 According to UnivDatos Market Insights (UMI)’ research report “global mine ventilation market”, the market is expected to witness a robust growth during the forecast period 2021-2027F. This is mainly due to increasing concerns regarding air quality and the health of mineworkers coupled with policy support from governments to adopt proper ventilation systems in mining. For instance, in January 2022, Howden Group won a contract to supply a cooling system for the expansion of the Prominent Hill mine in South Australia for OZ Minerals. Howden will focus on sustainability and the solution will include closed circuitry on both condenser and evaporator circuits and R717 (Ammonia) compressors which emit no harmful CO2 or HFCs.  The system consumes no water, using the ambient air as the cooling medium and Howden will supply chillers, air-cooled condensers, bulk air coolers, pumps, electronic controls, and hydraulic design. Thus, with the growing focus on providing suitable conditions in mines to minimize the dangers and adverse effects of heat stress, new and smart ventilation system are being installed at mines across the world. Therefore, the market for mine ventilation is expected to witness a significant CAGR of 5% during the forecast period.

Based on offering, the market is classified into equipment, software, and service. Amongst offerings, the equipment category accounted for a significant share in the market. This is mainly due to the growing focus of mine operators on maintaining and providing good working conditions to workers. Thus, the growing installation of advanced equipment such as fans, air coolers, and heaters are contributing to the growth of the market.

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Based on technique, the market is categorized into underground mining and surface mining. Among these, underground mining is expected to witness the highest CAGR during the forecast period. The underground mining technique is used to extract the mineral and ore deposits, which are buried deep under the earth's crust. Furthermore, many companies currently operating surface mines will be looking towards brownfield underground operations to expand operations and extend mine life. Therefore, creating better air quality in underground mining environments is one of the most pressing issues facing mining companies today.

APAC to witness extensive growth

For a better understanding of the market adoption of mine Ventilation industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Mexico); Europe (Germany, Poland, Turkey, Sweden, and Rest of Europe); Asia-Pacific (China, India, Australia, Rest of Asia-Pacific), and Rest of World. Asia-Pacific is expected to witness the highest CAGR during the forecast period on account of growing mining activities in countries like China and India. These emerging economies are growing their middle-class populations in bustling urban centers, putting ever-increasing demands on mining operations to produce the raw materials that make modern society possible, from infrastructure to consumer goods. Furthermore, the region is projected to be the fastest-growing market for mining machinery and equipment because of its abundant deposits and increasing commodity prices.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Mine Ventilation market are ABB Ltd., Epiroc AB, Howden Group, Twin City Fan Companies Ltd., ABC Industries Inc., GEFA system AB, DMT GROUP, TLT-Turbo GmbH, New York Blower Company, and Zitron S.A. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

 

“Global Mine Ventilation Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

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Market Segmentations:

1.      By Offering (Equipment, Software, and Service)

2.      By Technique (Underground Mining and Surface Mining)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (ABB Ltd., Epiroc AB, Howden Group, Twin City Fan Companies Ltd., ABC Industries Inc., GEFA system AB, DMT GROUP, TLT-Turbo GmbH, New York Blower Company, and Zitron S.A.)

Key questions answered in the study:

1.      What are the current and future trends of the global mine ventilation industry?

2.      How the industry has been evolving in terms of technology and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global mine ventilation industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global mine ventilation suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL MINE VENTILATION MARKET COVID-19 IMPACT

6 GLOBAL MINE VENTILATION MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY OFFERING

8 MARKET INSIGHTS BY TECHNIQUE

9 MARKET INSIGHTS BY REGION

10 MINE VENTILATION MARKET DYNAMICS

11 MINE VENTILATION MARKET OPPORTUNITIES

12 MINE VENTILATION MARKET TRENDS

13 POLICY & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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