The global green mining market is expected to reach USD 16.00 billion by 2028, at a CAGR of 9.92% during the forecast period 2021-2028. Increasing demand to reduce the environmental impact of mining activities is driving the growth of market.
A green mining concept promotes the water, material, and energy efficiency to reduce the overall environmental impact. It allows the usage of all recyclable material and helps to minimize the waste. The main aim of green mining is to reduce the usage of minerals resources and save it for the future generations. In addition to this, green mining technologies offers superior performance for energy efficiency, use of chemicals, and greenhouse gas emission. The main objective of green mining is to reduce the environmental footprints by reducing the acid-related damage during the mining activities. Furthermore, additional efforts are being put on to enhance the healthy ecosystem after mining closures. One of the significant activity during the green mining is to clean the water which is used in the mining process. For instance, single mining wells usage 15 million liters of water, of which 50% of water flows out. Thus, the technologies are being developed under the green mining to process and recycle the mining water.
The mining industry holds the dynamic progress in terms of technological development from the past few years. However, rising concern over the pollution and global warming due to mining activities, the eco-friendly mining technologies are currently being developed. Many governments and mining companies are now focusing on the deployment of new technologies to promote the sustainable mining practices and reduce the mining waste. Technologies such as Carbon Capture and Storage (CCS), which can help to reduce the mining pollution, are currently being deployed in the mining activities. In addition to this, the new machinery which can only run on clean fuels also helps to enhance the mining pollution and global warming.
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The environmental impact of mining occurs at every level, such as global, regional, and local level. The impact includes contamination of water and soil, loss of biodiversity, pollution, and global warming effects. The mining process can also cause the formation of sinkholes, due to high usage of chemicals. In addition to this, the mining process also causes the noise and dust pollution. The green mining technologies helps to reduce the environmental impact by deploying new and innovative mining technologies. Thus, to reduce the environmental impact, the demand for green mining is increasing from the past few years.
Currently, there is an increasing demand for minerals across the globe to achieve the energy transition. While the fossil fuels are increasing usage for the production of energy, however, the generation of global warming effects due to high usage of fossil fuels, led to the demand for new technologies. In order to avoid the global warming effects, the countries are focusing on the decarbonize themselves. Mining companies are focusing on to start the operation with electronics and hybrid vehicles as well as renewable energy. Thus, the increasing trend to shift towards the low carbon economy, driving the growth of green mining technologies.
Green mining promotes the use of new and innovative technologies to reduce the pollution and global warming effects. However, it requires the high investment and financing for the development of new technologies. Thus, high investment and financing requires for the green mining may hamper the growth of the market.
Many mining companies have started their operations using the renewable energy for the mining activities. In addition to this, rising usage of electric vehicles and hybrid vehicles for the transportation of raw materials and other resources, driving the growth of the market. Thus, the introduction of hybrid vehicles and renewable energy in mining is likely to offer new growth opportunities for the vendors.
Illegal mining activities present one of the significant threat to the health of employees as well as an environmental threat. It induces the problems such as water pollution, soil contamination, deforestation, and acid impact. Thus, illegal mining activities are projected to hinder the growth of the market.
The global green mining market has been segmented based on type, technology, and regions.
The regions analyzed for the global green mining market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Europe region dominated the global green mining market and held the largest market share of 45.69% in the year 2020.
Europe Green mining Market Share in 2020- 45.69%
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In April 2019, Rio Tinto announced that it had joined the World Bank initiative of green mining to help developing countries to extract lithium, cobalt and other minerals.
In October 2019, BHP Billiton announced that it had signed the four contract of renewable energy to supply its Chilean copper operations beginning in 2021, cutting energy costs by 20%.
As per The Brainy Insights, the size of the green mining market was valued at USD 7.71 billion in 2020 and is anticipated to reach USD 16.00 billion by 2028.
Global green mining market is growing at a CAGR of .92% during the forecast period 2021-2028.
The global green mining market has been segmented based on mining type, technology, and regions. Surface mining is projected to grow at the highest CAGR of over the forecast period. The power reduction segment held the major market share in the year 2020.
Europe region emerged as the largest market for the green mining.
Increasing demand to reduce the environmental impact of mining, driving the growth of market.
Increasing concern about customer data and privacy, may limit the growth of market over the forecast period.
Increasing concern about customer data and privacy, may limit the growth of market over the forecast period.
Rising number of illegal mining activities in the world, may hamper the growth of market over the forecast period.
Key players are Glencore, Rio Tinto, BHP Billiton, Vale S.A, Tata Steel, Anglo American, Jiangxi Copper Corporation, and Dundee precious among others.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Mining Type
4.3.2. Market Attractiveness Analysis By Technology
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand to reduce the environmental impact of mining
5.2.2. Increasing trend to shift towards the low carbon economy
5.3. Restrains
5.3.1. High capital investment
5.4. Opportunities
5.4.1. Increasing usage of renewable energy and electric vehicles
5.5. Challenges
5.5.1. Illegal mining activities across the globe
6. Global Green Mining Market Analysis and Forecast, By Mining Type
6.1. Segment Overview
6.2. Surface Mining
6.3. Underground Mining
7. Global Green Mining Market Analysis and Forecast, By Technology
7.1. Segment Overview
7.2. Power Reduction
7.3. Water Reduction
7.4. Fuel & Maintenance Reduction
7.5. Toxicity reduction
7.6. Emission Reduction
8. Global Green Mining Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Green Mining Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Green Mining Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Glencore
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Rio Tinto
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. BHP Billiton
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Vale S.A
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Tata Steel
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Anglo American
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Jiangxi copper corporation
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Dundee precious
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Freeport McMoRan
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
List of Table
1. Global Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
2. Global Surface Mining, Green Mining Market, By Region, 2018–2028 (USD Billion)
3. Global Underground Mining, Green Mining Market, By Region, 2018–2028 (USD Billion)
4. Global Green Mining Market, By Technology, 2018–2028 (USD Billion)
5. Global Power Reduction Mining Market, By Region, 2018–2028 (USD Billion)
6. Global Water Reduction Green Mining Market, By Region, 2018–2028 (USD Billion)
7. Global Fuel and Maintenance Reduction, Mining Market, By Region, 2018–2028 (USD Billion)
8. Global Toxicity Reduction Green Mining Market, By Region, 2018–2028 (USD Billion)
9. Global Emission Reduction Green Mining Market, By Region, 2018–2028 (USD Billion)
10. Global Green Mining Market, By Region, 2018–2028 (USD Billion)
11. North America Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
12. North America Green Mining Market, By Technology, 2018–2028 (USD Billion)
13. U.S. Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
14. U.S. Green Mining Market, By Technology, 2018–2028 (USD Billion)
15. Canada Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
16. Canada Green Mining Market, By Technology, 2018–2028 (USD Billion)
17. Mexico Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
18. Mexico Green Mining Market, By Technology, 2018–2028 (USD Billion)
19. Europe Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
20. Europe Green Mining Market, By Technology, 2018–2028 (USD Billion)
21. Germany Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
22. Germany Green Mining Market, By Technology, 2018–2028 (USD Billion)
23. France Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
24. France Green Mining Market, By Technology, 2018–2028 (USD Billion)
25. U.K. Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
26. U.K. Green Mining Market, By Technology, 2018–2028 (USD Billion)
27. Italy Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
28. Italy Green Mining Market, By Technology, 2018–2028 (USD Billion)
29. Spain Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
30. Spain Green Mining Market, By Technology, 2018–2028 (USD Billion)
31. Asia Pacific Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
32. Asia Pacific Green Mining Market, By Technology, 2018–2028 (USD Billion)
33. Asia Pacific Green Mining Market, By Application, 2018–2028 (USD Billion)
34. Japan Green Mining Market, By Technology, 2018–2028 (USD Billion)
35. China Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
36. China Green Mining Market, By Technology, 2018–2028 (USD Billion)
37. China Green Mining Market, By Application, 2018–2028 (USD Billion)
38. India Green Mining Market, By Technology, 2018–2028 (USD Billion)
39. South America Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
40. South America Green Mining Market, By Technology, 2018–2028 (USD Billion)
41. Brazil Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
42. Brazil Green Mining Market, By Technology, 2018–2028 (USD Billion)
43. Middle East and Africa Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
44. Middle East and Africa Green Mining Market, By Technology, 2018–2028 (USD Billion)
45. UAE Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
46. UAE Green Mining Market, By Technology, 2018–2028 (USD Billion)
47. South Africa Green Mining Market, By Mining Type, 2018–2028 (USD Billion)
48. South Africa Green Mining Market, By Technology, 2018–2028 (USD Billion)
List of Figures
1. Global Green Mining Market Segmentation
2. Green Mining Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Green Mining Market Attractiveness Analysis By Mining Type
9. Global Green Mining Market Attractiveness Analysis By Technology
10. Global Green Mining Market Attractiveness Analysis By Region
11. Global Green Mining Market: Dynamics
12. Global Green Mining Market Share By Mining Type(2021 & 2028)
13. Global Green Mining Market Share By Technology(2021 & 2028)
14. Global Green Mining Market Share by Regions (2021 & 2028)
15. Global Green Mining Market Share by Company (2020)
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global green mining market on the basis of below mentioned segments:
Global Green Mining Market by Mining Type:
Global Green Mining Market by Technology:
Global Green Mining Market by Region:
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