According to the latest market study released by Technavio, the global underground mining equipment marketis expected to grow at a CAGR of more than 4% during the forecast period.
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Technavio has published a new market research report on the global underground mining equipment market 2017-2021 under their heavy industry library. (Graphic: Business Wire)
This research report titled 'Global Underground Mining Equipment Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global underground mining equipment market into the following type of application segments. They are:
- Room and pillar mining
- Longwall mining
- Borehole mining
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The top three application segments are discussed below:
Room and pillar mining
Room and pillar mining is a type of underground mining technique wherein the mined material is mined across a horizontal plane. This creates horizontal arrays of rooms and pillars. The ore in concern in this type of mining is extracted in two phases. In the first phase, the pillars of untouched material are used to support the roof overburden. The remaining open areas are extracted underground and then the pillars are partially extracted. Room and pillar mining is usually done for relatively flat-lying deposits.
According to Gaurav Mohindru, a lead analyst at Technavio forconstruction research, "Room and pillar mining is typically used to extract iron, coal, and base metal ores. Typical equipment used in this type of mining comprises of haulage machines, mining drills, continuous miners, roof bolters, and scoops."
Typical equipment used in longwall mining are shearers, plow systems, conveyors, and longwall face bolters. Longwall mining method is more safe and productive than room and pillar mining because most of the activities are automated. Automation reduces the requirement of manpower to extract materials, thereby lowering the risk to human health and safety. Owing to high automation in longwall mining, mining activities take less time to complete. This results in low overall cost of operations.
"High demand for coal coupled with the increase in popularity of safe mining techniques is expected to drive the demand for longwall mining during the forecast period. Further, the high level of automation involved in longwall mining reduces labor requirement and consequently the operational costs for mining companies. Cost-benefits and enhanced safety associated with longwall mining is expected to increase its popularity," says Gaurav.
Borehole mining (BHM) is a type of underground mining technique. It is a remotely operated method of extracting underground mineral resources by digging boreholes and then using high-pressure water jets to extract minerals. In borehole mining, a borehole is drilled from a land surface to the desired depth. A casing column is then lowered down the hole. This is followed by the descent of BHM tool.
The key advantages of BHM are mobility, selectivity, low environmental impact, low capital cost, and the ability to work in hazardous and dangerous conditions. BHM is used to mine natural resources such as iron ore, phosphate, gravel uranium, coal, poly-metallic ores gold, diamonds, rare earth quartz sand, and amber.
Some of the vendors highlighted by Technavio's market research analysts in this report are:
- Atlas Copco
- Boart Longyear
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