Global green mining market to reach $16.9 billion by 2029 – report
Factors contributing to the projected growth include growing environmental legislation and regulatory pressures, BCC Research says.
The U.S. market for mining equipment will increase significantly in the coming years, says Research and Markets latest report “U.S. Market for Mining Equipment.”
With the increase in demand for commodities such as iron ore and copper, and the ongoing thirst for energy sources such as coal, the market for mining equipment has seen a lot of growth lately. Due to the wide spread mining going on for coal, surface mining machinery remained the largest product segment of the industry in 2011. And these numbers could double in 2012.
