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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
Electric equipment is becoming more popular in the mining industry as a result of net-zero goals and the performance and safety benefits they provide.
Electric mining machines reduce CO2 emissions and improve the health and safety of miners, resulting in a healthier work environment. They also boost productivity by increasing efficiencies and lowering expenses in areas like ventilation, fleet maintenance, and thermal management.
The Global Electric Mining Equipments Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Assmang Proprietary Limited has placed a substantial order for battery-electric mining equipment from Epiroc, a leading productivity partner for the mining and infrastructure industries. The equipment will be utilised at a manganese ore mine in South Africa.
In northern Sweden, LKAB, which operates the world's largest underground iron ore mine, will test a Sandvik TH550B battery-electric truck and a Sandvik LH518B battery-electric loader. Under the mining company's ambition to build a new world benchmark for sustainable underground mining, Sandvik Mining and Rock Solutions and LKAB will collaborate for a joint trial of third-generation battery-electric vehicles (BEVs).
Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has struck a global supplier agreement with Kempower. Kempower will supply Epiroc with charging equipment as well as its ChargEye software for electric mining machines, allowing the company to better support its mining customers as they transition to battery electric vehicles (BEVs).
Komatsu has announced the formation of an industry association to help accelerate the development of zero-emission mining equipment. The Komatsu Greenhouse Gas (GHG) Alliance brings together the company and a number of its customers to work on strategies to minimise emissions from mining equipment and operations. Rio Tinto, BHP, Codelco, and Boliden are among the founding members of the new alliance.
Komatsu's power agnostic truck concept is a haulage vehicle that can operate on a variety of power sources, including diesel, electric, trolley (wired), battery power, and hydrogen fuel cells.
Proterra Inc, a pioneer in commercial vehicle electrification technology, and Komatsu, a global leader in construction and mining equipment, today announced a new partnership to use Proterra's battery technology to electrify next-generation underground mining machinery.
Proterra will offer Komatsu with its H Series battery system technology for the development of battery-electric LHDs, drills, and bolters for underground hard rock mining under the terms of the agreement. Komatsu, a manufacturer of mining equipment and services, proposes to use Proterra's high-performance battery systems in the development of prototype machines.
New battery-electric vehicle (BEV) solutions for underground mining operations are expected to be made available thanks to a new collaboration between two Australian manufacturing and technology businesses.
The result of the partnership will be the incorporation of the most cutting-edge BEV technology, created by Ampcontrol, into brand-new personnel carrier vehicles for PPK Mining Equipment (PPKME).
Together, the firms will convert diesel drive trains into a variety of different PPKME-built automobiles, including the COALTRAM flameproof and explosion-protected diesel Load Haul Dump utility vehicle.
This is an excellent chance for us to combine our respective sector skills to offer the first battery-electric personnel carrier vehicle for the underground coal industry that was designed and constructed in Australia.
By constructing new vehicles for all underground mines, our connection will be expanded to include the installation of Ampcontrol BEV technology into further COALTRAM utility vehicles, which will greatly benefit both customers and personnel.
Ampcontrol BEV technology expands on the business's knowledge and reputation in the field, which are focused on creating engineering solutions for use in dangerous situations, such as underground coal mines.
The 72 t payload broad body ZT118EV, which is now one of the largest Chinese all electric mining dump trucks, was launched by China's ZOOMLION. This model has a sophisticated tri-industry electrical system as well as a large-capacity lithium iron phosphate battery with a total capacity of 525 kWh.
It features a powerful engine and a long cruising range, allowing it to satisfy the demands of the mining industry's demanding working conditions. Currently, pure electric dump trucks are mostly used to deliver materials with steep gradients, such as cement, sand, and gravel for construction.
They can save 60 percent to 80 percent of energy under the same operating conditions, which lowers the cost of use while achieving China's dual carbon objective.
The Boomer M20 face drill by Epiroc features shielded hydraulics, sensors, and cables. The unit was designed and built to reduce unplanned downtime and increase uptime and performance in high-demand applications.
The constant wear and tear on hydraulic hoses is a difficult aspect of underground work. Constant hose repairs are required due to falling boulders and debris, as well as ongoing wear against the tunnel floor and walls.
The heavy-duty hose-less boom design of the Boomer M20 reduces unexpected stops for hose repairs, keeping the rig up and running even in the most extreme situations. Epiroc continues to lead the way in underground mining electrification, with the new Boomer M20 featuring a battery-electric driveline option.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in theIndustry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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