Noise Control System Market for Mining Industry: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

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Noise Control System Market for Mining Industry: Introduction

Noise control systems are noise-prevention systems that help reduce the noise level from mining machines
Rise in mechanization has resulted in an increase in noise levels, leading to high noise levels in underground and open pit mines and mineral processing plants
Occupational noise in underground mines has reached intolerable levels due to the reverberant nature of narrower spaces
The management of noise from mining operations is acknowledged as a fundamental responsibility of the mining industry. Applying a noise management system that comprises noise surveys, day and night noise mitigation, and some level of noise monitoring is the primary function required to meet environmental impact standard in most locations.

Increase in mining activities across the globe is the major factor driving the noise control system market. In August 2019, Rio Tinto started the development of a new copper project in Arizona, one of the few new major known deposits of the metal, with the potential to meet around 25% of the demand in the U.S. Such contracts increase the demand for noise control system in the mining industry.
Rise in demand for power is expected to boost the demand for coal in the power industry, thereby propelling the demand for mining. This provides positive influence on the growth of the market. According to the World Coal Association, coal accounted for approximately 38% of the total electricity generated in 2018. This percentage has remained almost unchanged in the last 20 years.
Rise in industrialization in developing nations is also projected to propel the mining market, primarily due to the increasing demand for metal products. This further boosts the noise control system market for mining industry. However, large cost of noise control systems is a key factor restraining the global noise control system market for mining industry.

Underground Mining Segment to Offer Lucrative Opportunities

The global noise control system market for mining industry can be segmented based on source of noise, application, and region
In terms of source of noise, the market can be divided into continuous miners, shearers, compressors, and others
Based on application, the market can be bifurcated into open pit mining and underground mining. The underground mining segment is expected to expand at a faster pace during the forecast period. Increase in number of underground mining projects across the globe is fuelling the segment. Explosions are made underground; therefore, toxic gases are not released into the environment. Thus, underground mining causes minimum harm to the environment vis-à-vis surface mining.

In terms of region, the global noise control system market for mining industry can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
North America dominated the global noise control system market for mining industry in 2019. The market in the region is expected to expand at a prominent CAGR during the forecast period.
Implementation of stringent government regulations regarding noise pollution is a major factor driving the market in North America. According to the Mine Safety and Health Administration (MSHA), more than 13,000 mine operations for coal, metal ores, and non-metallic minerals were carried out in the U.S. in 2017.
Asia Pacific and Latin America are the other vital regions of the mining market. Abundance of mineral resources and significant investment from mining companies are factors driving the market in these region.
Latin America holds the largest reserves of copper, lithium, and silver in the world. It also possesses vast reserves of gold. The region has emerged as a mining-friendly jurisdiction with a wide range of international mining firms listed on Canadian, U.S., Australian, and British stock markets.