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Green Mining Market worth $17.6 billion by 2027- Exclusive Report by MarketsandMarkets™

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MarketsandMarkets

14 Dec, 2022, 13:00 GMT

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CHICAGO, Dec. 14, 2022 /PRNewswire/ -- The global "Green Mining Market by Type (Surface Mining, Underground Mining), Technology (Power Reduction, Fuel And Maintenance Reduction, Emission Reduction, Water Reduction), And Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2027", size is expected to grow from USD 11.0 billion in 2022 to USD 17.6 billion by 2027 at a compound annual growth rate (CAGR) of 9.9% during the forecast period. The main factor driving the green mining market during the forecast period includes government regulations and awareness towards fighting climate change and global warming. Also, an increase in interest related to energy efficient options and related technology across the globe is providing momentum to the growth of the market.

Browse in-depth TOC on "Green Mining Market"
169 – Tables
31 – Figures
198 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142994284 

Awareness of environmental protection, fighting global warming, and government regulations are key to market growth

The Traditional mining methods affect the environment by causing several damages. These include soil erosion, water pollution, air pollution hence causing global warming, and disruption of ecology. But the growing awareness to minimize global warming, climate change and government regulations for sustainable practices is paving the way for green mining. Thus, a significant shift in the market to green mining is being witnessed across the globe. Green mining involves the implementation of necessary steps and technology which helps in reducing emissions, adopting cleaner fuels, focusing on renewable energy sources, implementing proper water and waste management techniques, etc.

Emission reduction is expected to have the highest CAGR in the forecast period

The green mining market is divided technology used into five major segments which are Emission reduction, power reduction, fuel and maintenance reduction, water reduction and others.

The control of greenhouse gases and the increase in technological developments for carbon capture is a major factor for the expected highest growth of Emission reduction in the forecast period.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=142994284  

Surface Mining is expected to have the highest CAGR in the forecast period

The green mining market is segmented as underground and surface mining by type. Surface mining is more prevalent, requires less manpower, and is cost-effective. companies are focusing on increasing sustainable practices for surface mining. Hence surface mining is expected to register high market growth in the forecast period.

Europe to be the biggest market during the projection period.

Due to the strict government regulations and rising interest in energy-efficient methods, Europe has become the largest growing and profitable market for "Green Mining market". The development of modern technology and implementation of sustainable practices especially in Germany, Russia, France, UK is a key driver for growth in this market.

Market Players

The major key players in the green mining market are BHP Billiton (Australia), Anglo American Plc (UK), Rio Tinto (UK), VALE S.A. (Brazil), Glencore (Switzerland), Tata Steel (India), Dundee Precious metals (Canada), Jiangxi copper corporation limited (China), Libherr (Switzerland) and others.

Browse Adjacent Market: Mining, Minerals and Metals Market Research Reports & Consulting

Related Reports:

Rare Earth Metals Recycling Market - Global Forecast to 2026

Magnet Wire Market - Global Forecast to 2026

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/green-mining-market.asp 
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/green-mining.asp

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