Apr 23 2015
Research and Markets has announced the addition of the "Mining Equipment Market in the APAC Region 2015-2019" report to their offering.
The Mining Equipment Market in APAC to grow at a CAGR of 8.05% over the period 2014-2019
Mining equipment extracts natural resources from the earth. Mining equipment uses mechanical energy to move rocks or heavy surfaces and drill holes in the earth's surface. Typically, the Mining industry uses Transportation equipment, excavation equipment, and screening and washing equipment.
Advances in the technology of mining equipment is one of the key trends upcoming in this market. The Mining industry in the APAC region exhibits large-scale excavation because of the advances in the technology of mining equipment. The market is witnessing several advances in technology such as advanced mining equipment, automated conveyor systems, and more effective crushing machinery.
According to the report, increased demand from the Coal Mining industry is one of the major drivers helping the growth of the market. The increase in urbanization and infrastructure has led to increased demand for power and energy in countries such as China and India. As coal plays a major role in the generation of electricity, the rise in demand for energy leads to increased demand for coal production. This in turn drives the demand for mining equipment.
Further, the report states that the increase in government regulations is one of the key challenges that the market faces. Moreover, industrial safety regulations, various countries have passed regulations and standards on emission control to protect the environment. The Coal Mining industry consumes large amounts of energy and emits various greenhouse gases and other pollutants into the environment.
Key Vendors
- Komatsu
- Hitachi Construction Machinery
- Dove Equipment and Machinery
Other Prominent Vendors
- Doosan Infracore
- Aesha Conveyers and Crushing Equipment
- Mitrays Industries