According to
the new market research report “Mine Ventilation
Market by Offering (Equipment (Ventilation, Heating, Cooling), Software,
and Services), Technique (Underground Mining, Surface Mining), and Region
(North America, Europe, APAC, RoW) - Global Forecast to 2024” the global mine ventilation
market size is estimated to reach USD 401 million by 2024 from USD 326 million
in 2019 at a CAGR of 4.3% during the forecast period.
• Download Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162178850
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162178850
Major players involved in the Mine Ventilation market include ABB
(Switzerland), Epiroc (Sweden), Howden (UK), Stantec (Canada), Twin City Fan
(US), ABC Industries (US), Chicago Blowers (US), DMT (Germany), TLT Turbo
(Germany), and New York Blower Company (US).
Browse 103 market data Tables and 36 Figures spread
through 127 Pages and in-depth TOC on "Mine Ventilation
Market"
Ventilation is one of the most important functions in mining operations. Ventilation directly affects the health and safety of employees working underground. A well designed and properly implemented ventilation system is installed in mines to enhance employee safety, comfort, and health. To ensure adequate ventilation in mines, provision is made for the air to flow to the workplaces in mines. In deeper mines, ventilation is required for cooling the workplace for miners as growing shaft depths and increasing concentration of digging results in high temperatures. The growth of the market is propelled by the requirement for optimized and quality airflow in mines and a rise in number of infrastructure development projects.
Ventilation is one of the most important functions in mining operations. Ventilation directly affects the health and safety of employees working underground. A well designed and properly implemented ventilation system is installed in mines to enhance employee safety, comfort, and health. To ensure adequate ventilation in mines, provision is made for the air to flow to the workplaces in mines. In deeper mines, ventilation is required for cooling the workplace for miners as growing shaft depths and increasing concentration of digging results in high temperatures. The growth of the market is propelled by the requirement for optimized and quality airflow in mines and a rise in number of infrastructure development projects.
“Mine ventilation market for services to grow at highest CAGR during
forecast period”
The services
market is expected to grow at the highest CAGR during the forecast period.
Services such as installation, testing, and maintenance are required after the
purchase of mine ventilation equipment and software for efficient functioning.
The continuous innovation and product development lead to the requirement of
training and up-gradation of the system.
“Underground mining to hold largest share of overall mine ventilation
market from 2019 to 2024”
Underground
mining is expected to lead the overall mine ventilation industry during the
forecast period. The growth of the market is attributed to rising mining
activities across the globe. Mine ventilation system provides a flow of air to
the underground workings of a mine in sufficient volume to dilute and remove
dust and noxious gases and regulate temperature.
“APAC to be fastest-growing market for mine ventilation during the
forecast period”
The mine ventilation
market in APAC is expected to grow at the highest CAGR during 2019–2024. The
growing mining activities in emerging economies, such as China, Australia, and
India, have contributed to the growth of the mine ventilation industry in APAC.
Moreover, the region is one of the most attractive investment destinations for
mining companies in the recent past. Further, the demand for mine ventilation
is expected to increase with growing infrastructure development projects in the
region.
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com