Market Overview:
The global continuous miner market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for coal and other minerals across the globe. In addition, the increasing adoption of technologically advanced continuous miners is also contributing to the growth of this market. Based on type, the global continuous miner market can be segmented into electrically powered and oil powered miners. Electrically powered miners are expected to account for a larger share of this market in terms of revenue in 2018. This segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030.
Product Definition:
A continuous miner is a machine that extracts coal, oil shale, or other minerals by cutting into the surface and breaking up the material. The importance of continuous miners is that they can extract large quantities of material quickly and efficiently.
Electrically Powered:
Electrically powered continuous miner is a new type of mining equipment that uses electrical power from the grid or battery for mining. It’s an eco-friendly alternative to diesel and gas-powered continuous miners, which makes it more effective at extracting resources. The electrically powered equipment can be set up in remote locations where diesel or gas-powered machines cannot operate due to lack of infrastructure.
Oil Powered:
Oil powered is a continuous mining process used to extract cryptocurrency. It’s an energy-efficient method that allows miners to use the power of oil or gas as a source of energy for extracting crypto currencies such as Bitcoin and Ethereum. The system works by using a mineral oil or gas as the source of energy which is then converted into electricity through a generator, which in turn drives an electric motor that extracts digital currency from the mine.
Application Insights:
The other application segment includes surface mining, underground mining and others such as hard rock quarrying. The other applications of the global continuous miner include construction materials, road building and maintenance, geology studies, etc. Surface mining is expected to be the fastest-growing application segment over the forecast period owing to increased demand from residential construction activities for clearing land for development.
Open-air/surface mines are generally used in areas where there is a high demand for coal or metal minerals due to their low cost as compared to underground mines.
Regional Analysis:
Asia Pacific dominated the global continuous miner market in 2017 owing to the presence of large scale coal reserves and growing demand for electricity. China is anticipated to dominate this region with Australia, India, and Indonesia as other prominent countries. The Asia Pacific regional market is expected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing investments in mineral processing plants by various governments across the world.
The Middle East & Africa region has witnessed an increase in exploration activities for gold as well as oil since past few years due high grade oil sands deposits which are yet untapped opportunities for companies operating within this region. Furthermore, rising government efforts towards reducing dependency on imports through mining operations will drive continuous miners within this region over next eight years.
Growth Factors:
- Increasing demand for coal from the power sector is expected to drive the market for continuous miners in the coming years.
- Rapid industrialization and urbanization in emerging economies are anticipated to create opportunities for growth of the market during the forecast period.
- Rising awareness about environment-friendly mining methods is projected to propel adoption of continuous miners, thereby driving market growth over the next few years.
- Technological advancements in continuous miner equipment are likely to provide impetus to market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Continuous Miner Market Research Report
By Type
Electrically Powered, Oil Powered
By Application
Open-air Mining, Underground Mining, Other
By Companies
Komatsu, Sandvik, ESCO Corporation, Eickhoff Maschinenfabrik, Cat, Atlas Copco, Finning, Saminco, Komatsu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Continuous Miner Market Report Segments:
The global Continuous Miner market is segmented on the basis of:
Types
Electrically Powered, Oil Powered
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Open-air Mining, Underground Mining, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Komatsu
- Sandvik
- ESCO Corporation
- Eickhoff Maschinenfabrik
- Cat
- Atlas Copco
- Finning
- Saminco
- Komatsu
Highlights of The Continuous Miner Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrically Powered
- Oil Powered
- By Application:
- Open-air Mining
- Underground Mining
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Continuous Miner Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Continuous Miner is a mining software that allows miners to mine cryptocurrency without having to stop and restart their computer. It uses a pool of servers to do the heavy lifting for miners, so they can focus on getting more hashes done.
Some of the major players in the continuous miner market are Komatsu, Sandvik, ESCO Corporation, Eickhoff Maschinenfabrik, Cat, Atlas Copco, Finning, Saminco, Komatsu.
The continuous miner market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Continuous Miner Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Continuous Miner Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Continuous Miner Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Continuous Miner Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Continuous Miner Market Size & Forecast, 2018-2028
4.5.1 Continuous Miner Market Size and Y-o-Y Growth
4.5.2 Continuous Miner Market Absolute $ Opportunity
Chapter 5 Global Continuous Miner Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Continuous Miner Market Size Forecast by Type
5.2.1 Electrically Powered
5.2.2 Oil Powered
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Continuous Miner Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Continuous Miner Market Size Forecast by Applications
6.2.1 Open-air Mining
6.2.2 Underground Mining
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Continuous Miner Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Continuous Miner Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Continuous Miner Analysis and Forecast
9.1 Introduction
9.2 North America Continuous Miner Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Continuous Miner Market Size Forecast by Type
9.6.1 Electrically Powered
9.6.2 Oil Powered
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Continuous Miner Market Size Forecast by Applications
9.10.1 Open-air Mining
9.10.2 Underground Mining
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Continuous Miner Analysis and Forecast
10.1 Introduction
10.2 Europe Continuous Miner Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Continuous Miner Market Size Forecast by Type
10.6.1 Electrically Powered
10.6.2 Oil Powered
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Continuous Miner Market Size Forecast by Applications
10.10.1 Open-air Mining
10.10.2 Underground Mining
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Continuous Miner Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Continuous Miner Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Continuous Miner Market Size Forecast by Type
11.6.1 Electrically Powered
11.6.2 Oil Powered
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Continuous Miner Market Size Forecast by Applications
11.10.1 Open-air Mining
11.10.2 Underground Mining
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Continuous Miner Analysis and Forecast
12.1 Introduction
12.2 Latin America Continuous Miner Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Continuous Miner Market Size Forecast by Type
12.6.1 Electrically Powered
12.6.2 Oil Powered
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Continuous Miner Market Size Forecast by Applications
12.10.1 Open-air Mining
12.10.2 Underground Mining
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Continuous Miner Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Continuous Miner Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Continuous Miner Market Size Forecast by Type
13.6.1 Electrically Powered
13.6.2 Oil Powered
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Continuous Miner Market Size Forecast by Applications
13.10.1 Open-air Mining
13.10.2 Underground Mining
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Continuous Miner Market: Competitive Dashboard
14.2 Global Continuous Miner Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Komatsu
14.3.2 Sandvik
14.3.3 ESCO Corporation
14.3.4 Eickhoff Maschinenfabrik
14.3.5 Cat
14.3.6 Atlas Copco
14.3.7 Finning
14.3.8 Saminco
14.3.9 Komatsu
