Autonomous mining is the process of digital and automated mining. Mining automation companies have replaced the traditional, labor-intensive process that was adopted earlier. Automated mining requires IT automation, self-driving robotic technology for mining vehicles, and equipment (OT automation). Automation mining companies are adapting to the latest automation technologies for changing the face of the mining industry.
Mining automation companies allow easy and efficient assessment of hazards, including air quality, with a great degree of accuracy. It also monitors signs of wear and tears in machines. Mining is a hazardous human activity that involves risk to life. But with the adoption of automotive mining, the potential threat to human life has been eliminated. Moreover, automated mining increases productivity, augmented safety, and reduced expenses along with high-profit outcomes. However, the adoption of automated equipment is capital intensive. Mining automation companies are outstripping human performance in certain mining activities with the use of advanced technologies.
Mining automation companies use digitally automated processes in order to shift from traditional, labor-intensive mining processes to new digitally advanced processes. The mining automation companies are engaged in the adoption and deployment of innovative technologies such as sensors, robotics, and analytics. These companies have reduced environmental impact and augmented labor safety.
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6 leading mining automation companies accelerating the use of automation technology
Check out the reasons for this market’s spike during the forecasted period in the Global Mining Automation Companies’ Market Report. As per market research done by Verified Market Research analysts, this market was valued at USD 2257.9 Million in 2021 and has continued to grow at a constant pace with USD 4513.2 Million by 2030, at a CAGR of 8.1% from 2022 to 2030. Read the sample report to get an idea about leading players and market trends here.
Caterpillar is a construction equipment and machinery manufacturing company that was founded by CL Best in 1925. It is engaged in designing, developing, engineering, manufacturing, marketing, and trading machinery, engines, financial products, and insurance to customers via a worldwide dealer network. It is listed as the world’s largest construction-equipment manufacturing company. Perkins Engines, Caterpillar Japan, and Progress Rail are renowned subsidiaries of the corporation. They are manufacturers of construction and mining equipment, diesel, and natural gas engines.
RPM Global Holdings
RPM Global is a software company that was founded in 1968. Runge, Inc. and IMAFS Inc are well-known subsidiaries of the firm. It is engaged in mine planning and scheduling, mine scheduling software, simulation, financial modeling, enterprise solutions, independent expert, execution, training courses, mining economics and provides exploration reviews, pre-feasibility, and sustainability. It is a public company headquartered in Brisbane, QLD. They provide impartial, expert advice during a mine’s lifecycle from exploration to mine closure including project feasibility and funding, as well as mine development and operations to their clients.
Komatsu is a Japanese machine manufacturing company. It manufactures construction, mining, forestry, and military equipment, as well as diesel engines and industrial equipment like press machines, lasers, and thermoelectric generators. It was founded in 1921. They help their clients to avail harmless, highly productive, and cost-efficient mining operations. It is a public company headquartered in Chicago, Illinois. They develop integrated construction equipment from the smallest compact construction size to the largest mining size.
Sandvik is a Swedish engineering company. It specializes in metal cutting, digital and additive manufacturing, mining and construction, stainless and special steel alloys, and industrial heating. The firm was founded by Göran Fredrik Göransson in 1862. Sandvik Coromant is a renowned subsidiary of the corporation. It is a public company headquartered in Stockholm. They also develop machinery and tools for rock excavation, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems, mining, Engineering, and industrial digitization.
Atlas Copco is a Sweden-based manufacturing company that was founded in 1873 by Eduard Franckel. The firm manufactures industrial tools and equipment. Atlas Copco Compressors, LLC, and Atlas Copco (India) are well-known subsidiaries of the firm. They also produce compressed air and gas equipment, generators, industrial tools, assembly systems, and vacuum pumps. It is a public company headquartered in Stockholm. Atlas Copco is a global industrial group of companies.
Hexagon is a Swedish information technology company that was founded in 1992. Intergraph, MSC Software, NovAtel Inc., and Luciad are well-known subsidiaries of the firm. It specializes in hardware and software digital reality. Hexagon is a subsidiary of Eken Industri och Handel AB. It is a public company headquartered in Stockholm. They work to boost efficiency, productivity, quality, and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications. They envision ensuring a scalable, sustainable future.
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