Mine Ventilation: Introduction
- Mine ventilation refers to a process of supplying fresh air to the underground working of a mine to dilute and remove toxic gases (including SO2, NOx, CO, methane, and CO2) and dust; and regulate temperature. Sources of these gases in underground mines are equipment running on diesel engines, and blasting and naturally occurring gases.
Request a sample to get extensive insights into the Mine Ventilation Market
Key Drivers and Restraints of Global Mine Ventilation Market
- Investment in the mining sector has been increasing significantly due to the rise in demand for precious stones, such as marble, granite, and limestone, in residential and commercial establishments. Mines require ventilation systems due to concentration of hazardous gases. Mine ventilation provides airflow in sufficient quantity and ensures a healthy working environment in the mine. Thus, increase in investment in the underground mining sector is expected to drive the global mine ventilation market during the forecast period.
- Stringent occupational health and safety regulations and mandatory policies implemented by safety agencies, including MSHA, NIOSH, and OSHA, are anticipated to propel the global mine ventilation market during the forecast period. Mine ventilation improves health and safety of personnel in mining workplace, as they dilute and remove poisonous gases and regulate temperature.
- High capital costs and maintenance charges associated with mine ventilation is projected to restrain the global mine ventilation market during the forecast period
Underground Mining Technique Segment to Hold Major Share of Global Market
- The global mine ventilation market can be segmented based on technique, equipment, and region
- In terms of technique, the global mine ventilation market can be divided into underground mining and surface mining. The underground mining segment is anticipated to witness significant growth from 2020 to 2030.
- Based on equipment, the global mine ventilation market can be segregated into ventilation, heating, and cooling. The cooling segment is anticipated to expand significantly during the forecast period due to increase in demand for providing suitable thermal conditions in mines in order to minimize adverse effects of heat stress.
- The COVID-19 pandemic has had adversely impacted the global mining industry. Several countries enforced nationwide lockdowns as part of measures to limit the spread of the coronavirus. As a result, end-user industries such as construction, transport, and electrical had to halt their operations. This in turn, hampered the supply of several metal & minerals in the market. Mismatch between demand & supply of several metals resulted into fluctuation in metal prices. These factors have negatively impacted the mining industry.
Asia Pacific Anticipated to Dominate Global Mine Ventilation Market
- In terms of region, the global mine ventilation market can be divided into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
- The mine ventilation market in North America is projected to witness significant growth during the forecast period. This can be ascribed to rise in demand for precious stone to provide esthetic appearance to buildings.
- Asia Pacific is estimated to account for prominent share in the global mine ventilation market in 2019 due to the presence of a vast number of mines in the country. Rise in development of infrastructure in developing & developed economies such as India, South Korea, Japan, and China is a key factor propelling investment in the mining sector.
- The mine ventilation market in Europe is estimated to expand at a substantial pace during the forecast period, due to increase in mining activities in the region. Rise in spending in infrastructural sector is a key factor propelling the demand for mining activities across the region.
- The mine ventilation market in Middle East & Africa and Latin America is likely to expand at a moderate pace during the forecast period, owing to the presence of untapped minerals & metals resources such as antimony, gold, lead, and iron in these regions. In 2019, Brazil produced 260,000 metric tons of iron.
To understand how our report can bring difference to your business strategy, Ask for a brochure
Key Players Operating in Global Market
Leading companies operating in the global mine ventilation market are:
- ABC Industries Inc.,
- Twin City Fan
- Chicago Blower
- Continental Fan Manufacturing Inc.
Global Mine Ventilation Market: Research Scope
Global Mine Ventilation Market, by Technique
- Underground Mining
- Surface Mining
Global Mine Ventilation Market, by Equipment
- Air Cooler
- Refrigeration Units
- Heat Exchanger
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.