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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Green Mining Market: By Type, By Technology, By Minerals Extracted, and Region Forecast 2019-2030
Green Mining Market size was US$ 12.5 billion in 2023 and is expected to reach US$ 15.9 billion in 2030 and multiply at a CAGR of 3.5% from 2024 - 2030 The market refers to a segment within the mining industry that focuses on reducing the environmental impact of mining operations. Mining traditionally has significant environmental consequences such as habitat destruction, soil erosion, water pollution, and greenhouse gas emissions. Some key advantages of green mining include power reduction, fuel and maintenance reduction, emission reduction, water conservation, and mining closure.
The growing emphasis on eco-friendly and sustainable practices in mining is driven by key market factors that are enhancing industry growth.Governments globally are taking initiatives to encourage sustainable mining practices. Given the mining industry's extensive connections to various sectors of the economy, transitioning to more sustainable practices not only enhances environmental performance within current linkages but also fosters the development of new ones.
For instance, the Bipartisan Infrastructure Law allocated up to $450 million to the U.S. Department of Energy in April 2023. This funding is designated to support the implementation of clean energy demonstration projects on both past and present mining sites. However, the market faces challenges such as high initial costs, technological complexities, and stringent regulatory requirements. Public perception, resource availability, and long payback periods for investments also pose significant restraints to its growth and adoption.
Study Period
2024– 2030Base Year
2023CAGR
3.5%Largest Market
EuropeFastest Growing Market
Europe
In response to heightened scrutiny over its environmental and social impacts, the mining industry is actively pursuing methods to mitigate its carbon footprint and environmental harm, driven by escalating global mineral demands. This has catalysed the concept of green mining, which advocates for sustainable and ecologically responsible resource extraction practices. By leveraging advanced technologies and minimizing waste generation, green mining aims to alleviate the adverse environmental impacts traditionally associated with mining operations.
A significant advantage of green mining lies in its capability to substantially reduce greenhouse gas emissions. For instance, mining companies can achieve this by transitioning to renewable energy sources such as solar and wind power. According to recent studies, integrating renewable energy into mining operations can lead to significant reductions in carbon emissions. Furthermore, green mining techniques also contribute to mitigating water pollution and conserving water resources by implementing efficient water management strategies.
Report Benchmarks |
Details |
Report Study Period |
2024– 2030 |
Market Size in 2023 |
US$ 12.5 billion |
Market Size in 2030 |
US$ 15.9 billion |
Market CAGR |
3.5% |
By Type |
|
By Technology |
|
By Minerals |
|
By Region |
|
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The global green mining market size was US$ 12.5 billion in 2023 and is expected to reach US$ 15.9 billion in 2030 and multiply at a CAGR of 3.5% during the forecast period.
Europe accounts for the highest rate of growth in the green mining market.
The major players in the green mining market are Anglo American, Antofagasta PLC, ArcelorMittal, BHP, Codelco, Doosan Infracore, Dundee Precious Metals, Freeport-McMoRan, Inc., Glencore Plc, Jiangxi Copper Corporation Limited, Liebherr, Rio Tinto, Sany, Saudi Arabian Mining Corporation, Shandong Gold Mining Co. Ltd., Tata Steel, Vale S.A, and Zijin Mining Group Co., Ltd.
The key drivers for the green mining market include the rising adoption of green mining.
The green mining market faces challenges such as high initial costs, technological complexities, and stringent regulatory requirements. Public perception, resource availability, and long payback periods for investments also pose significant restraints to its growth and adoption.
1. Executive Summary |
2. Global Green Mining Market Introduction |
2.1.Global Green Mining Market - Taxonomy |
2.2.Global Green Mining Market - Definitions |
2.2.1.Type |
2.2.2.Technology |
2.2.3.Minerals |
2.2.4.Region |
3. Global Green Mining Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Green Mining Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Green Mining Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Underground |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Surface |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Green Mining Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Emission Reduction |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Power Reduction |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Water Reduction |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Fuel & Maintenance Reduction |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Green Mining Market By Minerals , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Precious Metals |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Mineral Fuels |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Industrial Metals |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Ferro Alloys |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Non-Ferrous Metals |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8. Global Green Mining Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9. North America Green Mining Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Underground |
9.1.2.Surface |
9.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Emission Reduction |
9.2.2.Power Reduction |
9.2.3.Water Reduction |
9.2.4.Fuel & Maintenance Reduction |
9.2.5.Others |
9.3. Minerals Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Precious Metals |
9.3.2.Mineral Fuels |
9.3.3.Industrial Metals |
9.3.4.Ferro Alloys |
9.3.5.Non-Ferrous Metals |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10. Europe Green Mining Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Underground |
10.1.2.Surface |
10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Emission Reduction |
10.2.2.Power Reduction |
10.2.3.Water Reduction |
10.2.4.Fuel & Maintenance Reduction |
10.2.5.Others |
10.3. Minerals Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Precious Metals |
10.3.2.Mineral Fuels |
10.3.3.Industrial Metals |
10.3.4.Ferro Alloys |
10.3.5.Non-Ferrous Metals |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
11. Asia Pacific (APAC) Green Mining Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Underground |
11.1.2.Surface |
11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Emission Reduction |
11.2.2.Power Reduction |
11.2.3.Water Reduction |
11.2.4.Fuel & Maintenance Reduction |
11.2.5.Others |
11.3. Minerals Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Precious Metals |
11.3.2.Mineral Fuels |
11.3.3.Industrial Metals |
11.3.4.Ferro Alloys |
11.3.5.Non-Ferrous Metals |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12. Middle East and Africa (MEA) Green Mining Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Underground |
12.1.2.Surface |
12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Emission Reduction |
12.2.2.Power Reduction |
12.2.3.Water Reduction |
12.2.4.Fuel & Maintenance Reduction |
12.2.5.Others |
12.3. Minerals Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Precious Metals |
12.3.2.Mineral Fuels |
12.3.3.Industrial Metals |
12.3.4.Ferro Alloys |
12.3.5.Non-Ferrous Metals |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13. Latin America Green Mining Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Underground |
13.1.2.Surface |
13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Emission Reduction |
13.2.2.Power Reduction |
13.2.3.Water Reduction |
13.2.4.Fuel & Maintenance Reduction |
13.2.5.Others |
13.3. Minerals Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Precious Metals |
13.3.2.Mineral Fuels |
13.3.3.Industrial Metals |
13.3.4.Ferro Alloys |
13.3.5.Non-Ferrous Metals |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Anglo American |
14.2.2.Antofagasta PLC |
14.2.3.ArcelorMittal |
14.2.4.BHP |
14.2.5.Codelco |
14.2.6.Zijin Mining Group Co., Ltd. |
14.2.7.Doosan Infracore |
14.2.8.Dundee Precious Metals |
14.2.9.Freeport-McMoRan, Inc. |
14.2.10.Glencore Plc |
14.2.11.Jiangxi Copper Corporation Limited |
14.2.12.Liebherr |
14.2.13.Rio Tinto |
14.2.14.Sany |
14.2.15.Saudi Arabian Mining Corporation |
14.2.16.Shandong Gold Mining Co. Ltd. |
14.2.17.Tata Steel |
14.2.18.Vale S.A |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players