Top Three Technologies Transforming The Mining Market In The Forecast Period- By The Business Research Company
LONDON , May 3, 2023 /PRNewswire/ -- As per The Business Research Company's Mining Global Market Report 2023, the global mining market will grow from $2022.6 billion in 2022 to $2145.1 billion in 2023 at a compound annual growth rate (CAGR) of more than 6%. The mining industry revenue is then expected to grow to $2775.5 billion in 2027 at a CAGR of more than 6%. Going forward, major mining industry drivers such as a rise in infrastructure development, increasing merger and acquisition activities, increasing implementation of autonomous equipment and increasing construction activities will drive the mining industry growth.
- The mining industry revenue is then expected to grow to $2775.5 billion in 2027 at a CAGR of more than 6%.
- The global mining market is slightly fragmented, with a large number of small players, as per the mining industry overview .
- Major mining industry companies are adopting the following technologies in their businesses:
LiDAR is gaining popularity among the mining industry trends. - The mining market size will gain the most in China at $192.2 billion.