GLOBAL ELECTRIC UNDERGROUND MINING MACHINE MARKET

 

INTRODUCTION

Underground mining is used to harvest ore from underneath earth’s crust in a secure, cost-effective, as well as waste-free manner. An adit, shaft, and descent is a horizontal or vertical passage that connects the surface to an underground mine. Rooms and column digging, restricted vein stoppage, and large-scale mechanized mining are all underground mining technologies.

 

Room and pillar mining is a type of digging in which passageways are dug in a checkerboard arrangement with massive square pillars between those that are progressively chopped down as even the job progresses.

 

This is used in resource extraction.  Narrow vein stoppage is a technique used to halt geophysical veins, which are separate sheet-like formations of crystallized elements inside a bedrock, inside an underground excavation. Drills, longwall shearers, draglines, shovels, dozers, graders, and wheel dozers are used in the early stages of a subterranean mine works development.

 

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Continuous miners, feeder breakers, haulage systems, roof bolters, and utility vehicles are examples of room plus pillar activities. Underground mining equipment applications encompass modernizing procedures and adopting zero-emission cars to keep miners in a secure environment.

 

Throughout the last generation, advances in mining gear have allowed for deeper and deeper open pits to be practical. Small and open holes excavated by hands are largely known. The needed frequencies of excavation, the duration of mine life, and the distances waste rock and ore must be transported all influence the optimal size of mineral extraction, rocks, and ore carrying machinery.

 

Battery  powered electric Machinery enables mines worldwide to achieve a triumvirate of gains, combining greater safety and health, lower greenhouse gas emissions, and lower production costs.

 

GLOBAL ELECTRIC UNDERGROUND MINING MACHINE MARKET DEVELOPMENTS AND INNOVATIONS

S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
1 Proterra and Komatsu announce collaboration to electrify underground mining machines Proterra Inc, a leading innovator in commercial vehicle electrification technology, and Komatsu, a global leader in construction and mining equipment, have announced a new collaboration to electrify next-generation underground mining machines using Proterra’s battery technology. Global Scale This would enhance better Technologies and production

 

GLOBAL ELECTRIC UNDERGROUND MINING MACHINE MARKET DYNAMICS

 

Sr. No. Timeline Company Updates
1 November 2021 Caterpillar Inc. & Newmont Caterpillar Inc. announced a strategic alliance Newmont Corporation to deliver a fully connected, automated, zero carbon emitting, end-to-end mining system.
2 October 2021 Boliden, Epiroc and ABB Boliden collaborated with Epiroc and ABB on journey towards fossil free mine. Jointly, they will develop and demonstrate an electric trolley truck system on a test track in the Kristineberg mine, Sweden.
3 October 2021 Proterra & Komatsu Proterra Inc and Komatsu Ltd. announced a new collaboration to electrify next-generation underground mining machines using Proterra’s battery technology.
4 July 2021 Caterpillar & Nouveau Monde Graphite Caterpillar and Nouveau Monde Graphite collaborated to turn the Matawinie Mine into a test site for the manufacturer’s future all-electric mining vehicle offerings.
5 July 2020 Doosan Bobcat & Green Machine Doosan Bobcat partnered with Green Machine to produce dual-branded, electric machines to deliver zero emissions, lower operating costs and meet market demand for battery-powered solutions.

 

Mining is classified as a carbon-intensive business because it has typically relied on coal and oil for power crucial machinery. New developments, such as battery-powered underground mining equipment, appear to be on the verge of upending existing worldview. Stakeholders have increasingly pointed out that resource extraction corporations are more responsible and sustainable.

 

Shareholders, employees, local governments, customers, and municipalities are putting pressure on organizations to minimize greenhouse gas emissions, reduce carbon footprints, enhance quality of the air, and safeguard the health & wellbeing of miners and those living near quarries.

 

Others in the mining value chain, including such jewellers, electrical businesses, and automobiles, want reassurance that the resources they acquire are extracted sustainably. However the move to electric mining equipment has been relatively moderate, envisioning the mining sector of something like the century is tough.

 

One example is the sector’s competition as well as the growing demand for miners and equipment to delve deeper into the ground to obtain additional resources. As a result, the deeper the mine, the more ventilation equipment is required to assist ventilate diesel pollutants while keeping miners secure. Accordingly, up to 30% to 40% of the overall running expenditures of an underground facility go toward maintaining circulation systems to maintain quality of the air.

 

At some moment, this becomes significantly less cost-effective for such enterprises to maintain utilizing diesel ICE, even if the technology is built to maintain modern EPA emission regulations within those settings. And over the current scenario, Asia-Pacific is expected to lead the mining equipment market.

 

Several emerging nations in the region have large coal-producing territories as well as big coal and metal mining sectors that require significant capital investment. The region is seeing an upsurge for low-emission, low-cost, and high-energy-efficiency machinery. Because of its vast reserves, Asia-Pacific will dominate the mining equipment industry.

 

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GLOBAL ELECTRIC UNDERGROUND MINING MACHINE MARKET SEGMENTATION

The Global Electric Underground Mining Machine Market can be segmented into following categories for further analysis.

 

Electric Underground Mining Machine Market By Application

  • Metal Mining
  • Mineral Mining
  • Coal Mining
  • Nuclear Mining

 

Electric Underground Mining Machine Market By Product Type

  • Hybrid Engine Mining Vehicle
  • Full Battery Electric Mining Vehicle
  • Fuel Cell based electric Mining Vehicle

 

Electric Underground Mining Machine Market By Technology Focus Type

  • Crushing Technology
  • Pulverising Technology
  • Shovelling Technology
  • Hydraulic Excavators Technology
  • Wheel Loader Technology

 

Electric Underground Mining Machine Market By Power Output Type

  • Less than 500 HP
  • 500 HP to 2000 HP
  • Greater than 2000 HP

 

Electric Underground Mining Machine Market By Regional Classification

  • Asia Pacific Region – APAC
  • Middle East and Gulf Region
  • Africa Region
  • North America Region
  • Europe Region
  • Latin America and Caribbean Region

 

RECENT TECHNOLOGICAL TRENDS IN GLOBAL ELECTRIC UNDERGROUND MINING MACHINE MARKET

 

Sr. No. Timeline Company Updates
1 September 2021 Sandvik Sandvik Mining and Rock Solutions introduced new products and services, and exhibited some of its latest technologies at MINExpo INTERNATIONAL 2021, including battery-driven equipment to enable emission-free underground mining and help customers improve sustainability and profitability.
2 September 2021 Caterpillar Caterpillar introduced a new battery-electric loader, electric and diesel drive technologies, as well as additions to its automation platform. The new mining Equipment focuses on reducing emissions and improving productivity.
3 August 2020 Komatsu L&T Construction & Mining Machinery achieved a milestone with the erection and commissioning of Komatsu PC3000-6 Electrical Shovel, their first 300-ton electrical shovel supplied at Gevra, India.
4 November 2018 Epiroc Epiroc launched its second generation of battery-operated machines that will lower mining customers’ costs and promote a healthier work environment.

 

Among the most significant technological developments will be electrifying. Currently, the innovation is offering a greener, chiller, and more efficient alternative to diesel-powered mining. This extraction technology has far-reaching consequences.

 

Diesel-powered equipment, in instance, emits emissions and temperature. This necessitates the incorporation of extensive circulation with any architecture. Electric technology provides a solution wherein, the electric machines do not emit tailpipe pollution as well as produce around 87% less temperature.

 

Given that underground mines are already fairly hot, up to 1000 metres beneath earth, removing the excess heat produced by combustion engines is indeed a massive benefit. By switching from diesel-powered subterranean loaders to rechargeable batteries electrified subterranean loaders, the mines will have relatively clean, conditioned air, which also will increase worker satisfaction and productivity while cutting circulation expenses.

 

Mine production has rapidly evolved beyond artificial, mechanized, and on-site remote-control production to sophisticated and completely automated manufacturing.

 

Automatization techniques have been created to propel the mining sector forwards, single-equipment and independent systems have been automated, and the whole mining production process has indeed been substantially digitized. This mechanization is related to the incorporation of a battery-powered energy source for propulsion.

 

Innovative extraction innovations developed by combining rechargeable batteries, fuel propulsion, integrated communication, sensors, artificial intelligence, virtual reality, information technologies, computer technologies, and unmanned control modules.

 

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ELECTRIC UNDERGROUND MINING MACHINE MARKET COMPETITIVE LANDSCAPE

 

Sr. No. Timeline Company Sales
1 Q3-2021 General Electric General Electric’s consolidated revenues were $18,429 million, reflecting a year-over-year decline of 0.5%. The quarterly sales suffered from weakness in the Healthcare and Renewable Energy segments, partially offset by gains in Aviation.
2 Q2-2021 (Ending September 2021) Hitachi Construction Machinery Hitachi Construction Machinery recorded total revenue of 473,692 million yens, a 31.3% increase from the same period a year ago. The net income was 33,989 million yens as compared to 2,168 million yens previous year.
3 Q3-2021 Caterpillar Inc. Caterpillar Inc. announced third-quarter 2021 sales and revenues of $12.4 billion, a 25% increase compared with $9.9 billion in the third quarter of 2020. The increase was primarily due to higher sales volume, driven by higher end-user demand for equipment and services, and favorable price realization
4 Q3-2021 Epiroc Epiroc’s orders received increased 31% to MSEK 12,245 ($ 1.34 B), organic increase of 24% meanwhile revenues increased 14% to MSEK 9 966 ($ 1.09 B), organic increase of 11%.

The accessibility of fuel oil, energy density, and production ratio are indeed the important drivers driving the growth of the mining machinery industry. Extraction businesses currently use diesel-powered technology for mineral extraction, while alternative fuel-powered/hybrid technology is prevalent within mineral extraction.

 

Internet of things (IoT) sensors offer input to the logistics operations, ensuring less unavailability due to faults and assisting in the planning of scheduled maintenance. Organizations are continuously searching for performance improvement inside an increasing competitive environment across all industries, which has boosted the need for automated processes in the mines.

 

GE is one of the leaders and global solutions providers towards integrated efforts for electric based propulsion implementation in the global market. GE is now devoting a significant portion of its development resources on integrating its Invertex propulsion system and Durathon battery technology into the industry’s scooping product category.

 

The Invertex system employs an Electric powered drivetrain that regulates the momentum and pumping motors to push the vehicle forward or backwards, whereas the Durathon batteries power the whole truck. Because of its sodium-nickel-chloride composition, the Durathon batteries have a higher energy density than other battery systems.

 

This mixture also makes the battery less hazardous, lasts longer, and helps with high thermal stability. Integrating the Invertex technology with both the Durathon battery provides various performance improvements, including greater low-end torque, wheel slip management, sophisticated diagnostic and problem detection for improved maintenance, and the ability to collect actual information.

 

Epiroc is also a developer and distributor of large-scale underground mining equipment in the market. It has started focusing on conversion-based layout plans for the market. To date, Epiroc has offered battery-electric conversion kits for two of its subterranean loaders. The diesel-powered Scooptram ST1030 loader was the first to be converted, supported either by ST14 LHD, about which Epiroc currently offers a new rechargeable batteries alternative.

 

In addition, the Scooptram ST7 Battery is a strong 6.8 metric tonne LHD that is meant to create more tonnes each hour. Minetruck MT42 Battery accelerates dumping operations and increases productivity levels when used on elevations.

 

Minetruck MT42 Battery is designed to maximise performance in a variety of ways. The drivetrain has been modified in order to decrease inefficiencies and the number of elements. The new Minetruck MT42 Battery electrical drivetrain features simpler structure, maintenance locations, and rotating parts.

 

ELECTRIC UNDERGROUND MINING MACHINE MARKET COMPANIES PROFILED

 

THIS ELECTRIC UNDERGROUND MINING MACHINE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. Electric Underground Mining Machine Market size and Forecast, by region, by application
  2. Average B-2-B price for Electric Underground Mining Machine Market, by region, per user
  3. Technology trends and related opportunity for new Electric Underground Mining Machine Market tech suppliers
  4. Electric Underground Mining Machine Market share of leading vendors, by region,
  5. Corona virus impact on Electric Underground Mining Machine Market earnings

 

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 the Industry
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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