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Mining Equipment Market in India 2018 – ResearchAndMarkets.com

The “Mining
Equipment Market in India 2018” report has been added to ResearchAndMarkets.com’s
offering.

The mining industry has been facing tough times due to volatility in
commodity prices. Increased pressure on margins has led mining companies
to focus on performance improvement and cost efficiencies.

The role of mining equipment has thus assumed significant importance in
the current scenario. Since the allocation of mineral resources through
competitive auction processes requires initial as well as
production-linked payments to the government, the efforts for improved
efficiency, productivity and optimisation of resource deployment have
been further stepped up.

In addition, the approval for auctioning of coal mines for commercial
use by private players is also expected to allow the use of more
advanced equipment and technology.

Companies are also looking for mining opportunities in new and
geo-technically complex areas due to depleting grades of existing
mineral ores. With mine depths increasing, the demand for underground
mining and specialised equipment is increasing. The need of the hour is
to collaborate with global players to assess the suitability of
underground mining and other techniques.

This will help achieve breakthroughs in a few projects and result in
greater application of underground mining methods. Going forward, while
the trend towards greater application of continuous mining systems,
larger-sized equipment and greater energy efficient systems are sure to
continue, automation and IoT are likely to bring about significant
changes in the Indian mining industry in the medium term

Key Topics Covered:

Section I: Market Size, Trends and Growth Drivers

Section II: Demand Projections (2018-22)

Section III: Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/2d3vpl/mining_equipment?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005778/en/