$4.2 Billion Mining Automation Markets: Underground Mining Segment Dominated in 2021 - Global Analysis & Forecasts to 2027
The mining automation market size is expected to grow from USD 3.1 billion in 2022 to USD 4.2 billion by 2027; it is expected to grow at a CAGR of 6.3% from 2022 to 2027.
- The mining automation market size is expected to grow from USD 3.1 billion in 2022 to USD 4.2 billion by 2027; it is expected to grow at a CAGR of 6.3% from 2022 to 2027.
- Growing demand for metals, minerals, coal, and ores, among others in various process and discrete industries is another major factor contributing to the growth of the mining automation market.
- Some of the most common types of underground mining techniques are room and pillar mining, cut-and-fill stopping, longwall mining, shaft mining, and slope mining.
- This rising demand for metals and ores is in turn driving the mining automation market in the Asia Pacific region.