Market Overview:
The global mine ventilation equipment 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 metal mining across the globe. In addition, the growing awareness about safety and health in mines is also propelling the demand for mine ventilation equipment. Based on type, fans & blowers segment accounted for a major share of the global market in 2017. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its wide applications in various types of mines across different regions.
Product Definition:
Mine Ventilation Equipment is used to provide ventilation in underground mines. The importance of Mine Ventilation Equipment is to ensure the safety of the miners by providing fresh air and removing harmful gases.
Fans & Blowers:
The global fans & blowers market size was valued at USD 2.8 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period owing to its increasing usage in ventilation applications across various industries including power generation, oil & gas, petrochemical, metal processing and automotive among others. The rising demand for energy-efficient solutions has led to the adoption of fans & blowers as they help reduce energy consumption by approximately 20% - 25%.
Refrigeration & Cooling Systems:
Refrigeration & cooling systems are used in ventilation equipment to provide cooling and freezing facilities. These systems are also known as air conditioning or cold chain systems. They help in maintaining the temperature of transported items at desired levels and preventing any type of damage that may occur due to changes in temperature. Refrigeration & cooling system helps in reducing the overall transportation cost by minimizing wastage, which may occur due to excessive heat generation during transportation, especially during warm seasons.
Application Insights:
Coal mining application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for coal across various end-use industries such as power generation, steel manufacturing, and cement production. Furthermore, stringent government regulations regarding mine safety are expected to drive product demand in this application segment over the coming years.
Metal mining applications include open-pit & underground mines where ventilation is required for preventing explosive decompression which occurs when air pressure inside a mine chamber decreases due to an increase in volume of gas or vapor present within it. Rising metal prices have increased the adoption of automation technologies owing to higher extraction rates resulting in high equipment costs which are eventually passed onto customers by way of price increases.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in metal mining activities, which is likely to have a positive impact on the market. China accounts for a major share of global coal production as well as consumption owing to large-scale mining activities within the country.
North America accounted for more than 20% of total revenue share in 2017 and is anticipated to grow at an estimated CAGR of XX% from 2018 to 2030 due high investment made by key players such as General Electric; Suez Environment; Veolia Environment; and Ramboll Group A/S among others into research & development facilities along with technological advancements pertaining industrial safety solutions that meet regulatory standards coupled with stringent norms set by U.S.
Growth Factors:
- Increasing demand for coal and other minerals due to the growth of global population and industries
- Stringent government regulations for mine safety
- Development of more efficient and advanced ventilation equipment technologies
- Growing demand from emerging markets such as China and India
- Expansion of existing mines and development of new mines
Scope Of The Report
Report Attributes
Report Details
Report Title
Mine Ventilation Equipment Market Research Report
By Type
Fans & Blowers, Refrigeration & Cooling Systems, Heating, Others
By Application
Coal Mining, Metal Mining
By Companies
Howden, Epiroc, TLT-Turbo, ABB, ABC Industries, Twin City Fan?Blower, New York Blower, Zitron, ABC Ventilation Systems, Clemcorp Australia, ECE-COGEMACOUSTIC, Sibenergomash-BKZ, Hurley Ventilation, Parag Fans?Cooling Systems, Chicago Blower, Multi-Wing, Zibo Jinhe Fan, Spendrup FAN, Specialist Mechanical Engineers, Rotary Machine Equipment, AFS, Shandong China Coal
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Mine Ventilation Equipment Market Report Segments:
The global Mine Ventilation Equipment market is segmented on the basis of:
Types
Fans & Blowers, Refrigeration & Cooling Systems, Heating, Others
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
Coal Mining, Metal Mining
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:
- Howden
- Epiroc
- TLT-Turbo
- ABB
- ABC Industries
- Twin City Fan?Blower
- New York Blower
- Zitron
- ABC Ventilation Systems
- Clemcorp Australia
- ECE-COGEMACOUSTIC
- Sibenergomash-BKZ
- Hurley Ventilation
- Parag Fans?Cooling Systems
- Chicago Blower
- Multi-Wing
- Zibo Jinhe Fan
- Spendrup FAN
- Specialist Mechanical Engineers
- Rotary Machine Equipment
- AFS
- Shandong China Coal
Highlights of The Mine Ventilation Equipment 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:
- Fans & Blowers
- Refrigeration & Cooling Systems
- Heating
- Others
- By Application:
- Coal Mining
- Metal Mining
- 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 Mine Ventilation Equipment 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Mine ventilation equipment is a system used to control the amount of air that enters and leaves mines. The system includes fans, filters, and other devices to remove harmful gases and particles from the mine environment.
Some of the key players operating in the mine ventilation equipment market are Howden, Epiroc, TLT-Turbo, ABB, ABC Industries, Twin City Fan?Blower, New York Blower, Zitron, ABC Ventilation Systems, Clemcorp Australia, ECE-COGEMACOUSTIC, Sibenergomash-BKZ, Hurley Ventilation, Parag Fans?Cooling Systems, Chicago Blower, Multi-Wing, Zibo Jinhe Fan, Spendrup FAN, Specialist Mechanical Engineers, Rotary Machine Equipment, AFS, Shandong China Coal.
The mine ventilation equipment market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mine Ventilation Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mine Ventilation Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mine Ventilation Equipment Market - Supply Chain
4.5. Global Mine Ventilation Equipment Market Forecast
4.5.1. Mine Ventilation Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mine Ventilation Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mine Ventilation Equipment Market Absolute $ Opportunity
5. Global Mine Ventilation Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mine Ventilation Equipment Market Size and Volume Forecast by Type
5.3.1. Fans & Blowers
5.3.2. Refrigeration & Cooling Systems
5.3.3. Heating
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mine Ventilation Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mine Ventilation Equipment Market Size and Volume Forecast by Application
6.3.1. Coal Mining
6.3.2. Metal Mining
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mine Ventilation Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mine Ventilation Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mine Ventilation Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mine Ventilation Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mine Ventilation Equipment Demand Share Forecast, 2019-2026
9. North America Mine Ventilation Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mine Ventilation Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mine Ventilation Equipment Market Size and Volume Forecast by Application
9.4.1. Coal Mining
9.4.2. Metal Mining
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mine Ventilation Equipment Market Size and Volume Forecast by Type
9.7.1. Fans & Blowers
9.7.2. Refrigeration & Cooling Systems
9.7.3. Heating
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mine Ventilation Equipment Demand Share Forecast, 2019-2026
10. Latin America Mine Ventilation Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mine Ventilation Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mine Ventilation Equipment Market Size and Volume Forecast by Application
10.4.1. Coal Mining
10.4.2. Metal Mining
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mine Ventilation Equipment Market Size and Volume Forecast by Type
10.7.1. Fans & Blowers
10.7.2. Refrigeration & Cooling Systems
10.7.3. Heating
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mine Ventilation Equipment Demand Share Forecast, 2019-2026
11. Europe Mine Ventilation Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mine Ventilation Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mine Ventilation Equipment Market Size and Volume Forecast by Application
11.4.1. Coal Mining
11.4.2. Metal Mining
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mine Ventilation Equipment Market Size and Volume Forecast by Type
11.7.1. Fans & Blowers
11.7.2. Refrigeration & Cooling Systems
11.7.3. Heating
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-YGrowth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mine Ventilation Equipment Demand Share, 2019-2026
12. Asia Pacific Mine Ventilation Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mine Ventilation Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mine Ventilation Equipment Market Size and Volume Forecast by Application
12.4.1. Coal Mining
12.4.2. Metal Mining
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mine Ventilation Equipment Market Size and Volume Forecast by Type
12.7.1. Fans & Blowers
12.7.2. Refrigeration & Cooling Systems
12.7.3. Heating
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mine Ventilation Equipment Demand Share, 2019-2026
13. Middle East & Africa Mine Ventilation Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mine Ventilation Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mine Ventilation Equipment Market Size and Volume Forecast by Application
13.4.1. Coal Mining
13.4.2. Metal Mining
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mine Ventilation Equipment Market Size and Volume Forecast by Type
13.7.1. Fans & Blowers
13.7.2. Refrigeration & Cooling Systems
13.7.3. Heating
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mine Ventilation Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mine Ventilation Equipment Market: Market Share Analysis
14.2. Mine Ventilation Equipment Distributors and Customers
14.3. Mine Ventilation Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Howden
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Epiroc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TLT-Turbo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ABB
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ABC Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Twin City Fan?Blower
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. New York Blower
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zitron
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ABC Ventilation Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Clemcorp Australia
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ECE-COGEMACOUSTIC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sibenergomash-BKZ
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hurley Ventilation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Parag Fans?Cooling Systems
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Chicago Blower
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Multi-Wing
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Zibo Jinhe Fan
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Spendrup FAN
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Specialist Mechanical Engineers
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Rotary Machine Equipment
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
