Rising Demand for Electric Machinery in Underground Mining is Reflecting Positively on European Mining Equipment Market

European mining equipment market is estimated to grow at a CAGR of 3.8% during the forecast period. The rising adoption of electric machinery in underground mining is supporting to drive market growth. Increasing demand for electrification of underground mining equipment has been witnessed owing to the emerging focus in underground mining for the reduction of carbon emissions and increase workers’ safety. To fulfill the emerging emissions, energy efficiency, and safety concerns of the underground mining industry, increasing deployment of electric-powered machinery has been witnessed over the years. 

Browse the full report description European Mining Equipment Market Size, Share & Trends Analysis Report, By Type (Surface Mining Equipment, Mineral Processing Equipment, Underground Mining Equipment), By Application (Coal Mining, Metal Mining, and Non-Metal Mining) and Forecast, 2020-2026 at https://www.omrglobal.com/industry-reports/europe-mining-equipment-market

For instance, in September 2019, Epiroc declared that after the introduction of its new generation battery electric mining equipment in November 2018, it has won orders for these machines from several countries which include Canada, Finland, and Australia. In the third quarter of 2019, Agnico Eagle Mines Limited (Finland) ordered the Boltec E Battery rig for application at the Kittilä gold mine. Additionally, several orders from other firms have been booked for battery Boltec rock bolting electric versions of the rig, Scooptram loader, and Minetruck hauler, Boomer face drilling rig. As part of the Sustainable Intelligent Mining Systems (SIMS) project, Agnico Eagle Mines has been testing several Epiroc battery-powered machines at Kittilä.

Scope of the European Mining Equipment Market

Market Coverage

• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Type and Application
• Countries Covered- UK, Germany, France, Spain, Italy, and Rest of Europe
• Competitive Landscape- Caterpillar Inc., Atlas Copco AB, Liebherr Group, Komatsu Ltd., and Doosan Corp.

Recent Strategic Initiatives in the European Mining Equipment Market

• In May 2020, Corum has manufactured unique equipment for miners of Ukraine. KNF is the new cutting frontal complex that supports not only quick face preparation for coal mining, however, also facilitates the sinkers work safer. Only two of these machines are operated in Ukraine. KNF is the first such tunnelling complex across the globe that is intended for the excavation of rectangular cross-section in low-power layers, up to 2 meters. It fully mechanized the cutting niche processes in complex geological and mining conditions. The KNF capacity is up to 1.5 tons per minute. KNF machine is advanced, reliable, powerful, and is easy to operate and maintain.
• In February 2020, FLSmidth received an order from Slavkaliy for delivering equipment to a new potassium mining and processing facility in Belarus. The company will deliver liquid-solid separation equipment islands to Slavkaliy for a new facility in the Nezhinsky area of the Starobinskoye potassium salt deposits in Belarus. The liquid-solid separation equipment islands comprise a significant number of thickener and clarifier, pan- and horizontal belt filter packages.

Key questions addressed by the report

• What is the market growth rate?
• Which segment/country dominates the market in the base year?
• Which segment/ country will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected country/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

European Mining Equipment Market-Segmentation

By Type

• Surface Mining Equipment
• Mineral Processing Equipment
• Underground Mining Equipment

By Application

• Coal Mining
• Metal Mining
• Non-Metal Mining

 European Mining Equipment Market– Segment by Country

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe