Published Date: 7-Jan-2021
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According to a new report Global Blasting Automation Services Market, published by KBV research, The Global Blasting Automation Services Market size is expected to reach $823.4 Million by 2026, rising at a market growth of 14% CAGR during the forecast period.
The metal mining segment led the market for blasting automation services in the year 2019. This can be accredited to the unbaiting demand for numerous metals for industrial and human usage and the consequent progress in the mining of these metals. 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.
The non-metal mining segment has a significant revenue share in the year 2019, due to the increasing demand for minerals like talc, gypsum, pumice, barite, and gemstones, among others. The occurrence of non-metallic oxides as air-pockets limits mineworkers by means of manual drilling processes owing to the possibility of exposure to deadly and inflammable gases.
The market of North America for blasting automation services has a significant revenue share in the year 2019. North America houses several U.S.-based companies, like Autonomous Solutions Inc. that offer advanced blasting automation solutions for coordinated drilling and blasting and payload APIs that are capable of working on third-party platforms.
The market of Asia is anticipated to show the highest CAGR over the foreseeable period as plenty of coal, gold, and metal mines in India, China, and Australia will open opportunities for setting out an efficient and profitable mining solution. This is accredited to the presence of mines in countries like Australia, China, and India. There are numerous coals, copper, and gold mines in Australia and China in particular.
Structural Insights: https://www.kbvresearch.com/blasting-automation-services-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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