Green Mining Market
Green Mining Market Size, Share & Trends Analysis Report, By Mining Type (Surface and Underground), By Technology (Power Reduction, Fuel and Maintenance Reduction, Toxicity Reduction, Emission Reduction, and Water Reduction), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Green mining market is anticipated to grow at a CAGR of 7.1% during the forecast period. The rising environmental concerns regarding the negative impact of conventional mining are one of the key factors driving the growth of the global green mining market. Green mining involves eco-friendly practices primarily undertaken to reduce the harmful environmental impacts of mining activities. Therefore, mining companies are inclining toward the technologies that lead to power reduction, emission reduction, toxicity reduction, and water reduction, among others.
Lower spending on mining projects by key mining industry players may restrain the market growth. For instance, as of June 2022, mining project spending by 10 large mining companies, including Rio Tinto PLC, RIO -5.14% BHP Group Ltd. and Glencore PLC, GLNCY -1.05% is expected to stay at roughly $40 billion this year and next year, according to figures compiled by Bank of America Corp. That would put capital expenditures well below a 2012 peak close to $80 billion. Total global mining capital expenditures, which include smaller firms and state-owned enterprises, averaged about $100 billion annually over the past decade.
Segmental Outlook
The global green mining market is segmented based on mining type and technology. The market segmentation based on the mining type includes surface mining and underground mining. Among mining type, surface mining holds a significant share in the market. Surface mining refers to the removal of the terrain surface to access minerals underneath. Surface mining is a more efficient mining method as it reduces additional mining cost. Hence, it is one of the highly used mining methods. Surface mining accounts for more than 66.0% of global solid minerals. Based on technology, the market is segregated into power reduction, fuel and maintenance reduction, toxicity reduction, emission reduction, and water reduction.
Global Green Mining Market Share by Technology, 2021 (%)
Power Reduction is Estimated to Exhibit Highest CAGR in the Global Green Mining Market
Based on the technology, the market is classified into power reduction, fuel and maintenance reduction, toxicity reduction, emission reduction, and water reduction. Based on technology, power reduction segment is anticipated to exhibit the highest CAGR during the forecast period. The increasing investment by players in innovating new methods and technologies to improve the energy efficiency of their communication circuits is a key factor contributing to the high growth of this market segment. Moreover, growing energy cost across the globe is further motivating these market players to invest in power reduction technology.
Regional Outlook
The global green mining market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Europe is anticipated to hold a prominent share in the global green mining market during the forecast period. The factor that is propelling the growth of the market in the region includes the presence of sustainable mining projects across the UK, Germany, France, and Italy. Moreover, the presence of key market players across the region is further contributing to the potential market share.
Global Green Mining Market Growth, by Region 2022-2028
Asia-Pacific is Anticipated to Exhibit Significant CAGR During the Forecast Period
Asia-Pacific holds significant potential to exhibit significant CAGR in the global green mining market during the forecast period. The growing interest of major mining players in this technology is a key factor contributing to the regional market growth. For instance, Coal India Limited (CIL) is exploring the deployment of green mining technologies in its mines to minimize adverse environmental impact. The Public Sector Unit (PSU) is exploring ramping up its underground production four-fold to 100 million tonnes (MT) by FY30 from 25.6 MT in FY22. CIL accounts for over 80.0% of domestic coal output.
Market Players Outlook
The major companies operating in the global green mining market include Glencore plc, BHP Group Ltd., and Anglo American plc, among others. The companies are focusing on product innovations, technology advancements, expansions, mergers and acquisitions, and finding a new market or innovation in their core competency to expand individual market share. For instance, in November 2020, Tata Steel launched a new coated product brand named ‘Galvanova,’ a 55.0% Aluminium-Zinc alloy coated product, to address the evolving and unmet requirements of the Medium and Small-Scale Enterprises (MSMEs) - Emerging Corporate Accounts (ECAs).
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global green mining market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Green Mining Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Green Mining Market, By Mining Type
4.1.1. Surface Mining
4.1.2. Underground Mining
4.2. Global Green Mining Market, By Technology
4.2.1. Power Reduction
4.2.2. Fuel and Maintenance Reduction
4.2.3. Toxicity Reduction
4.2.4. Emission Reduction
4.2.5. Water Reduction
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Anglo American Plc
6.2. BHP Group Ltd.
6.3. Doosan Infracore
6.4. Dundee Precious Metals Inc.
6.5. Freeport-McMoRan Inc.
6.6. Glencore plc
6.7. Glencore plc, Ma’aden (Saudi Arabian Mining Company)
6.8. Jiangxi Copper Corp.
6.9. Rio Tinto Plc
6.10. Sany Heavy Industry Co. Ltd.
6.11. Saudi Arabian Mining Corp.
6.12. Shandong Gold Mining Co. Ltd
6.13. Tata Steel Ltd.
6.14. Vale S.A. Factory
1. GLOBAL GREEN MINING MARKET RESEARCH AND ANALYSIS BY MINING TYPE, 2021-2028 ($ MILLION)
2. GLOBAL SURFACE MINING IN GREEN MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL UNDERGROUND MINING IN GREEN MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL GREEN MINING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
5. GLOBAL POWER REDUCTION TECHNOLOGY IN GREEN MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL FUEL AND MAINTENANCE REDUCTION TECHNOLOGY IN GREEN MINING MARKET RESEARCH, AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL TOXICITY REDUCTION TECHNOLOGY IN GREEN MINING MARKET RESEARCH, AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL EMISSION REDUCTION TECHNOLOGY IN GREEN MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL WATER REDUCTION TECHNOLOGY IN GREEN MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL OTHERS TECHNOLOGY IN GREEN MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL GREEN MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. NORTH AMERICAN GREEN MINING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN GREEN MINING MARKET RESEARCH AND ANALYSIS BY MINING TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN GREEN MINING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
15. EUROPEAN GREEN MINING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN GREEN MINING MARKET RESEARCH AND ANALYSIS BY MINING TYPE, 2021-2028 ($ MILLION)
17. EUROPEAN GREEN MINING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC GREEN MINING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC GREEN MINING MARKET RESEARCH AND ANALYSIS BY MINING TYPE, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC GREEN MINING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
21. REST OF THE WORLD GREEN MINING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD GREEN MINING MARKET RESEARCH AND ANALYSIS BY MINING TYPE, 2021-2028 ($ MILLION)
23. REST OF THE WORLD GREEN MINING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
1. GLOBAL GREEN MINING MARKET SHARE BY MINING TYPE, 2021 VS 2028(%)
2. GLOBAL GREEN MINING MARKET SHARE BY TECHNOLOGY, 2021 VS 2028(%)
3. GLOBAL GREEN MINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028(%)
4. GLOBAL SURFACE MINING IN GREEN MINING MARKET SHARE BY REGION, 2021 VS 2028(%)
5. GLOBAL UNDERGROUND MINING IN GREEN MINING MARKET SHARE BY REGION, 2021 VS 2028(%)
6. GLOBAL POWER REDUCTION TECHNOLOGY IN GREEN MINING MARKET SHARE BY REGION, 2021 VS 2028(%)
7. GLOBAL FUEL & MAINTENANCE REDUCTION TECHNOLOGY IN GREEN MINING MARKET SHARE BY REGION, 2021 VS 2028(%)
8. GLOBAL TOXICITY REDUCTION TECHNOLOGY IN GREEN MINING MARKET SHARE BY REGION, 2021 VS 2028(%)
9. GLOBAL EMISSION REDUCTION TECHNOLOGY IN GREEN MINING MARKET SHARE BY REGION, 2021 VS 2028(%)
10. GLOBAL WATER REDUCTION TECHNOLOGY IN GREEN MINING MARKET SHARE BY REGION, 2021 VS 2028(%)
11. GLOBAL OTHERS TECHNOLOGY IN GREEN MINING MARKET SHARE BY REGION, 2021 VS 2028(%)
12. GLOBAL GREEN MINING MARKET SHARE BY REGION, 2021 VS 2028(%)
13. US GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
15. UK GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD GREEN MINING MARKET SIZE, 2021-2028 ($ MILLION)
