The Latin America, Middle East and Africa Blasting Automation Services Market would witness market growth of 15.1% CAGR during the forecast period (2020-2026). Blasting automation techniques guarantee higher accurateness in long-hole blasting operations piloted in the crust at the lower depths and safe and exact extraction of metalliferous ores. In Africa, there is a general inclination for parallel-hole mining for metals mining, such as copper is also boosting the necessity for automation of the blasting and drilling processes for more effective drill footage, better fragmentation, and easier setting-up for drill rigs.
A range of mining companies is presenting a Consolidated Blasting System (CBS) to surge production and to encourage development on the market. Deploying CBS permits mining firms to guarantee mining safety, decrease error rates at the same time it also saves manual process time and labour. The usage of the prevailing copper cabling in mining doesn’t require higher costs as the system usages data routing for the surface controller box in order to make CBS an affordable solution. In addition to it, CBS allows mining undertakings in order to reduce the average time for mine re-entering and also to maximize output.
In Latin America, countries like Chile and Peru have also considerably contributed to the regional market's growth. These two countries are among the key producers of copper. Sustained mining of such metals in line with the rising demand is encouraging mining companies to perform mining activities in deeper mines, thus driving the necessity for blasting automation solutions in order to save time and resources. For example, Orica Limited united with Exsa SA in the year 2020 to offer a novel, unified, and semi-automated manufacturing competence to Peruvian mines.
Based on Application, the market is segmented into Metal Mining, Non-Metal Mining and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Blasting Automation Services Market in LAMEA is expected to register a CAGR of 15.1% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Komatsu Ltd. (MineWare Pty. Ltd.), Atlas Copco AB (Epiroc), Rockwell Automation, Inc., Autonomous Solutions, Inc., iRing, Inc., Orica Limited, Incitec Pivot Limited (Dyno Nobel, Inc.), Rio Tinto PLC (Rio Tinto International Holdings Limited) and Sasol Limited.
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