GLOBAL ELECTRIC MINING VEHICLES MARKET

INTRODUCTION

The market for electric vehicles in the mining sector has exploded as miners try to reduce total CO2 emissions and limit the threats that diesel-powered vehicles provide to their employees' health and well-being.

Electric vehicles are now considered proven technology, which has accelerated adoption within mining operations, with suppliers speeding up production and expanding their vehicle options.

GLOBAL ELECTRIC MINING VEHICLES MARKET SIZE AND FORECAST

The Global Electric Mining Vehicles 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.

NEW PRODUCT LAUNCH INGLOBAL ELECTRIC MINING VEHICLES MARKET

The Bortana EV is a battery-electric vehicle built to withstand the harsh conditions of underground mining. The Bortana EV is based on the chassis of a diesel-powered Agrale Marruá and incorporates 3ME's electric technology as well as Safescape's design and engineering skills. By decreasing pollutants, heat, and maintenance, it aims to address safety and health concerns.

Caterpillar is introducing new technologies and equipment, including the Cat R1700 XE LHD, which has 100 percent battery electric propulsion and Cat MineStar Edge mine management system. It has a payload of 15 tonnes (16.5 tonnes), a lift and tilt breakout force of 24,190 kg (53,330 lb), and a top speed of 18 km/h (11.2 mph).

Batteries stay on the machine for charging to maximise runtime and improve safety. The new Cat MEC500 Mobile Equipment Charger is the first of its kind in the industry, charging the R1700 XE in as little as 20 minutes. It may be moved using towing, a forklift, or the R1700 XE, and it eliminates the need for battery handling and replacement on a regular basis.

Sandvik is expanding its electric equipment lineup with the introduction of new products like the Sandvik TH550B, a 50-ton battery-electric truck.

For better availability and safety, the new truck includes Sandvik's proprietary self-swapping battery technology, which includes the AutoSwap and AutoConnect functionalities. Sandvik also digitally unveiled the Toro LH514BE, a cable-electric loader compatible with AutoMine and equipped with cutting-edge battery technology.

The Sandvik LH518B, the industry's largest battery-electric loader, was also on display, as was the Sandvik DS412iE, the company's first battery-powered rock bolter, rounding out the company's first full zero-emissions offering for all underground drilling applications.

ABB today unveiled ABB Ability eMine, a suite of technologies that will aid in the transition to a zero-carbon mine. ABB also announced the piloting of the world's quickest and most powerful charging system, the ABB Ability eMine FastCharge, which is compatible with all makes of electric mining haul trucks.

eMine is a collection of electrification technologies that enable an all-electric mine from mine to port, as well as digital apps and services to track and manage energy consumption. Any mining equipment, including hoisting, grinding, hauling, and material handling, can be electrified.

GLOBAL ELECTRIC MINING VEHICLES MARKET ACQUISITION

In order to further assist mining customers in making the switch to battery-electric vehicles, Epiroc has agreed to purchase Meglab, a Canadian business with experience in providing electrification infrastructure solutions to mines.

Meglab, a technology integrator situated in Val-D'Or, Quebec, Canada, creates, produces, instals, and supports useful and affordable electrical and telecommunications infrastructure solutions for clients across a number of nations.

Its solutions and products, which enable the infrastructure required for mine electrification, equipment charging, digitalization, and automation of operations, include system design, substations, switchgears, and automation system solutions.

"Epiroc is pleased to be the industry pioneer in battery-electric vehicle supply for the mining sector, enhancing clients' working conditions and reducing emissions while raising productivity.

By acquiring Meglab, the ability to offer the infrastructure needed as miners switch to battery-electric vehicles would be strengthened. The transaction is anticipated to close in the second quarter of 2016, with the purchase price being insignificant in comparison to Epiroc's market value.

The company will continue to be based in Canada and will join Epiroc's Parts & Services segment.

MARKET DYNAMICS

Liebherr manufactures huge mining vehicles for the mining industry at its Newport News facility. The world's largest diesel-electric mining tractor is among them. At the plant, these massive machines are partially constructed, tested, and certified. The mine then completes the assembly, which is thereafter serviced and maintained by Liebherr engineers and technicians on-site.

In underground mining, Hindustan Zinc has inked a Memorandum of Understanding with Normet Group Oy of Finland to introduce battery-powered service equipment and utility vehicles. With the signing of the Memorandum of Understanding (MoU), Hindustan Zinc became India's first underground mining firm to use Battery Electric Utility Vehicles.

COMPANY PROFILE

• Sandvik Load and Haul
• Epiroc
• Caterpillar Inc.
• Liebherr
• JCB
• Hyundai Heavy Industries Holdings Co

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per Global Electric Mining Vehicles Market right now and how will it change in the next 5-6 years?
2. Average cost to set up a Global Electric Mining Vehicles Market in the US, Europe and China?
3. How many Global Electric Mining Vehicles Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of a Global Electric Mining Vehicles Market and key vendor selection criteria
6. Where is the Global Electric Mining Vehicles Market manufactured? What is the average margin per equipment?
7. Market share of Global Electric Mining Vehicles Market manufacturers and their upcoming products
8. The most important planned Global Electric Mining Vehicles Market  in next 2 years
9. Details on network of major Global Electric Mining Vehicles Market and pricing plans
10. Cost advantage for OEMs who manufacture Global Electric Mining Vehicles Market in-house
11. 5 key predictions for next 5 years in Global Electric Mining Vehicles Market
12. Average B-2-B Global Electric Mining Vehicles Market price in all segments
13. Latest trends in Global Electric Mining Vehicles Market, by every market segment
14. The market size (both volume and value) of Global Electric Mining Vehicles Market in 2022-2027 and every year in between?
15. Global production breakup of Global Electric Mining Vehicles Market, by suppliers and their OEM relationship