Mine Ventilation Market by Offering (Equipment (Ventilation, Heating, Cooling), Software, and Services), Technique (Underground Mining, Surface Mining), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2024
[127 Pages Report] The global mine ventilation market size is expected to grow from USD 326 million in 2019 to USD 401 million by 2024 at a CAGR of 4.3%. The market growth is fueled by the requirement for optimized and quality airflw in mines and a rise in number of infrastructure development projects.
Mine ventilation market for equipment to exhibit high growth during forecast period
The equipment is expected to register the highest CAGR during the forecast period. Mines require ventilation, heating, and cooling systems. The main objective of ventilation systems is the provision of sufficient quantities of air to all the working places. In addition to the ventilation, mechanical cooling is required to provide suitable thermal conditions in mines to minimize the dangers and adverse effects of heat stress. Further, mines in cold climates often require heating systems to keep the air temperature above freezing in order to prevent ice buildup in the mine, especially in the wintertime.
Underground mining market to lead and exhibit high growth during forecast period
Underground mining is expected to lead the overall mine ventilation market during the forecast period. Underground mining is considered more dangerous than surface mining due to potential dangers such as adverse health effects, collapse, and the release of toxic gases, which results in suffocation. Thus, the ventilation system is needed to remove toxic gases and dust. The ventilation system provides airflow in sufficient quantity and assures a healthy working environment in the mine, increasing production, productivity, and safety of workers.
Mine ventilation market in APAC to grow at highest CAGR during forecast period
The mine ventilation industry in APAC is expected to grow at the highest CAGR during the forecast period. China and Australia are the major contributors to the growth of this market. The rise in infrastructure development in emerging economies and growth in mining operations have contributed to the growth of the market in APAC.
Key Players of Mine Ventilation Market
As of 2018, ABB (Switzerland), Epiroc (Sweden), Howden (UK), Stantec (Canada), Twin City Fan (US), ABC Industries (US), Chicago Blowers (US), DMT (Germany), TLT Turbo (Germany), and New York Blower Company (US) were the major players in the mine ventilation market.
ABB (Switzerland) is one of the technology leaders with comprehensive offerings for digital industries. The company operates into 3 segments, namely, electrification products, industrial automation, and robotics & motion. It engages in serving customers in utilities, industry & transport, and infrastructure globally. Moreover, the company continually innovates a comprehensive range of products, systems, and services; which increases energy efficiency, reliability, and productivity for industrial, utility, and infrastructure. Furthermore, the company operates in more than 100 countries with a strong customer relationship. It adopted inorganic strategies to continue its growth in the mine ventilation market.
Scope of Report:
|
Report Metric |
Details |
|
Years considered for providing market size |
20162024 |
|
Base year considered |
2018 |
|
Forecast period |
20192024 |
|
Forecast units |
Value (USD) in billion/million/thousand |
|
Segments covered |
Offering and technique |
|
Regions covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
ABB (Switzerland), Epiroc (Sweden), Howden (UK), Stantec (Canada), Twin City Fan (US), ABC Industries (US), Chicago Blowers (US), DMT (Germany), TLT Turbo (Germany), New York Blower Company (US), Zitron (Spain), GEFA System (Sweden), Hurley Ventilation (Canada), Sibenergomash (Russia), BBE Consulting (South Africa), Schauengburg Industries (Canada), Stiavelli (Italy), ABC Ventilation Systems (Canada), Clempcorp Australia (Australia), Minetek (Australia), and Zibo fans (China) |
In this report, the global mine ventilation market has been segmented into offering, technique, and geography.
By Offering:
- Equipment
- Ventilation
- Fans
- Compressors
- Blowers
- Cooling
- Refrigerating Units
- Air Coolers
- Heating
- Combustion Heaters
- Heat Exchangers
- Software
- Services
By Technique
- Underground Mining
- Surface Mining
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Russia
- Germany
- Norway
- Rest of Europes
- Asia Pacific
- China
- Australia
- India
- Rest of APAC
- Rest of the World
- Middle East
- South America
- Africa
Critical Questions:
- Which type of mine ventilation equipment is expected to have the highest demand in the future?
- What are the key trends in the mine ventilation market?
- What initiatives are being undertaken by major market players?
- Which countries are expected to be the highest-revenue generating markets in the future?
- How are the disruptions in the different end-use industries expected to impact the mine ventilation market?
Frequently Asked Questions (FAQ):
Which offering type accounted for the largest share of market in 2019?
Equipment segment accounted for the majority of the global mine ventilation market share in 2019.
How is the mine ventilation market segmented?
The mine ventilation market has been segmented based on offering, technique, and region.
What is the future valuation of global inverter market?
The global mine ventilation market is projected to be valued at USD 401 million in 2024.
Which are the prominent players offering mine ventilation equipment?
ABB, Epiroc, Howden, Stantec, Twin City Fan, ABC Industries, Chicago Blowers, DMT, TLT-Turbo, New York Blower Company, Zitron, are some of the key players offering mine ventilation equipment.
What is the total CAGR expected to be recorded for mine ventilation market during forecast period?
The mine ventilation market is expected to record the CAGR of 4.3% during forecast period.
What are the driving factors for mine ventilation market?
The driving factors for mine ventilation market can be attributed to the increasing requirement for optimized airflow inside mines and the growing number of infrastructure development projects being carried out globally. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 16)
1.1 Study Objectives
1.2 Market Definition and Scope
1.3 Inclusions and Exclusions
1.4 Study Scope
1.4.1 Markets Covered
1.4.2 Years Considered
1.5 Currency
1.6 Limitations
1.7 Market Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size Using Bottom-Up Analysis
2.2.2 Top-Down Approach
2.2.2.1 Approach for Arriving at Market Size Using Top-Down Analysis
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 31)
4.1 Mine Ventilation Market, 20192024 (USD Million)
4.2 Mine Ventilation Market, By Offering
4.3 Mine Ventilation Equipment Market, By Type
4.4 Mine Ventilation Market, By Technique and Region
4.5 Mine Ventilation Market, By Geography
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Requirement for Optimized and Quality Airflow in Mines
5.2.1.2 Rise in Number of Infrastructure Development Projects
5.2.2 Restraints
5.2.2.1 Depletion of Natural Resources
5.2.2.2 Electrification of Mine Equipment and Machinery
5.2.3 Opportunities
5.2.3.1 Rise in Number of Planned Mining Activities Worldwide
5.2.4 Challenges
5.2.4.1 Revised Trade Agreements and Continuous Changes in Environmental Regulations That Impact Global Mining Industry
5.2.4.2 High Operational Costs of Mine Ventilation Systems
5.3 Value Chain Analysis
6 Mine Ventilation Market, By Offering (Page No. - 42)
6.1 Introduction
6.2 Equipment
6.2.1 Requirement for Safe and Comfortable Working Conditions for Miners Projected to Lead to Growth of Mine Ventilation Equipment Market From 2019 to 2024
6.2.2 Ventilation
6.2.2.1 Fans Segment Projected to Account for the Largest Size of Ventilation Equipment Market From 2019 to 2024
6.2.2.1.1 Fans
6.2.2.1.2 Compressors
6.2.2.1.3 Blowers
6.2.3 Cooling
6.2.3.1 Air Coolers Segment of Cooling Equipment Market Projected to Grow at A Higher Rate Than Refrigerating Units Segment From 2019 to 2024
6.2.3.1.1 Air Coolers
6.2.3.1.2 Refrigerating Units
6.2.4 Heating
6.2.4.1 Heaters Segment Projected to Hold A Larger Size of Heating Equipment Market From 2019 to 2024
6.2.4.1.1 Heaters
6.2.4.1.2 Heat Exchangers
6.3 Software
6.3.1 Increased Use of Software to Design Mine Ventilation Systems to Fuel Growth of Software Segment From 2019 to 2024
6.4 Services
6.4.1 Services Segment of Mine Ventilation Market Projected to Grow at the Highest Rate From 2019 to 2024
7 Mine Ventilation Market, By Technique (Page No. - 53)
7.1 Introduction
7.2 Underground Mining
7.2.1 Underground Mining Segment Projected to Lead Mine Ventilation Market From 2019 to 2024
7.3 Surface Mining
7.3.1 Services Segment of Mine Ventilation Market for Surface Mining Projected to Grow at the Highest CAGR From 2019 to 2024
8 Geographic Analysis (Page No. - 59)
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 Increasing Number of Mining Activities Fueling Growth of Mine Ventilation Market in US
8.2.2 Canada
8.2.2.1 Ongoing Mining Operations Projected to Contribute to Growth of Mine Ventilation Market in Canada
8.2.3 Mexico
8.2.3.1 Increasing Foreign Direct Investments in Mining Industry to Upsurge Demand for Mine Ventilation Equipment in Mexico
8.3 Europe
8.3.1 Russia
8.3.1.1 Ongoing Discoveries of New Gold Deposits Expected to Contribute to Growth of Mining Industry of Russia
8.3.2 Germany
8.3.2.1 Mining of Lithium Expected to Lead to Increased Demand for Mine Ventilation Equipment in Germany
8.3.3 Norway
8.3.3.1 Upcoming Mining Projects to Boost Growth of Mine Ventilation Market in Norway
8.3.4 Rest of Europe
8.3.4.1 Increasing Number of Mining Activities Projected to Contribute to Growth of Mine Ventilation Market in Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.1.1 China Projected to Account for the Largest Size of Mine Ventilation Market in APAC
8.4.2 Australia
8.4.2.1 Increased Number of Mining Activities Expected to Fuel Growth of Mine Ventilation Market in Australia
8.4.3 India
8.4.3.1 Government Initiatives to Boost Domestic Steel Sector Expected to Lead to Rise in Demand for Mining Activities and Mine Ventilation Equipment in India
8.4.4 Rest of APAC
8.4.4.1 Rise in Mining Activities Expected to Drive Growth of Mine Ventilation Market in Rest of APAC
8.5 RoW
8.5.1 South America
8.5.1.1 Increased Mining Investments Expected to Fuel Growth of Mine Ventilation Market in South America
8.5.2 Middle East
8.5.2.1 Rise in Number of Metal Production Projects Expected to Drive Growth of Mine Ventilation Market in Middle East
8.5.3 Africa
8.5.3.1 Presence of Rich Mineral Deposits Expected to Fuel Growth of Mine Ventilation Market in Africa
9 Competitive Landscape (Page No. - 93)
9.1 Overview
9.2 Ranking of Players in Mine Ventilation Market
9.3 Competitive Leadership Mapping
9.3.1 Visionaries
9.3.2 Dynamic Differentiators
9.3.3 Innovators
9.3.4 Emerging Companies
9.4 Competitive Situations & Trends
9.4.1 Product Launches
9.4.2 Contracts & Agreements, Mergers & Acquisitions, and Collaborations
10 Company Profiles (Page No. - 99)
(Business Overview, Products, Solutions & Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
10.1 Key Players
10.1.1 ABB
10.1.2 Epiroc
10.1.3 Howden
10.1.4 Stantec
10.1.5 Twin City Fan
10.1.6 ABC Industries
10.1.7 Chicago Blower
10.1.8 DMT
10.1.9 TLT-Turbo
10.1.10 New York Blower Company
10.1.11 Zitron
10.2 Right to Win
10.3 Other Companies
10.3.1 Gefa System
10.3.2 Hurley Ventilation
10.3.3 Sibenergomash
10.3.4 Bbe Consulting
10.3.5 Schauenburg Industries
10.3.6 Stiavelli
10.3.7 ABC Ventilation Systems
10.3.8 Clempcorp Australia
10.3.9 Minetek
10.3.10 Zibo Fans
*Details on Business Overview, Products, Solutions & Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 120)
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets Subscription Portal
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details
List of Tables (103 Tables)
Table 1 Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 2 Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 3 Mine Ventilation Equipment Market, By Technique, 20162024 (USD Million)
Table 4 Mine Equipment Ventilation Market, By Region, 20162024 (USD Million)
Table 5 Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 6 Ventilation Equipment Market, By Technique, 20162024 (USD Million)
Table 7 Ventilation Equipment Market, By Region, 20162024 (USD Million)
Table 8 Cooling Equipment Market, By Type, 20162024 (USD Million)
Table 9 Cooling Equipment Market, By Technique, 20162024 (USD Million)
Table 10 Cooling Equipment Market, By Region, 20162024 (USD Million)
Table 11 Direct Air Heaters vs Indirect Air Heaters
Table 12 Heating Equipment Market, By Type, 20162024 (USD Million)
Table 13 Heating Equipment Market, By Technique, 20162024 (USD Million)
Table 14 Heating Equipment Market, By Region, 20162024 (USD Million)
Table 15 Mine Ventilation Software Market, By Technique, 20162024 (USD Million)
Table 16 Mine Ventilation Software Market, By Region, 20162024 (USD Million)
Table 17 Mine Ventilation Services Market, By Technique, 20162024 (USD Million)
Table 18 Mine Ventilation Services Market, By Region, 20162024 (USD Million)
Table 19 Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 20 Mine Ventilation Market for Underground Mining, By Offering, 20162024 (USD Million)
Table 21 Mine Ventilation Equipment Market for Underground Mining, By Type, 20162024 (USD Million)
Table 22 Mine Ventilation Market for Underground Mining, By Region, 20162024 (USD Million)
Table 23 Mine Ventilation Market for Surface Mining, By Offering, 20162024 (USD Million)
Table 24 Mine Ventilation Equipment Market for Surface Mining, By Type, 20162024 (USD Million)
Table 25 Mine Ventilation Market for Surface Mining, By Region, 20162024 (USD Million)
Table 26 Mine Ventilation Market, By Region, 20162024 (USD Million)
Table 27 North America Mine Ventilation Market, By Country, 20162024 (USD Million)
Table 28 North America Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 29 North America Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 30 North America Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 31 US Mineral Raw Material Production, 20142017 (Tonnes)
Table 32 US Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 33 US Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 34 US Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 35 Canada Mineral Raw Mineral Production, 20142017 (Tonnes)
Table 36 Canada Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 37 Canada Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 38 Canada Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 39 Mexico Mineral Raw Material Production, 20142017 (Tonnes)
Table 40 Mexico Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 41 Mexico Mine Ventilation Equipment Market, By Type, 20162024 (USD Thousand)
Table 42 Mexico Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 43 Europe Mine Ventilation Market, By Country, 20162024 (USD Million)
Table 44 Europe Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 45 Europe Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 46 Europe Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 47 Russia Mineral Raw Material Production, 20142017 (Tonnes)
Table 48 Russia Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 49 Russia Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 50 Russia Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 51 Germany Mineral Raw Material Production, 20142017 (Tonnes)
Table 52 Germany Mine Ventilation Market, By Offering, 20162024 (USD Thousand)
Table 53 Germany Mine Ventilation Equipment Market, By Type, 20162024 (USD Thousand)
Table 54 Germany Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 55 Norway Mineral Raw Material Production, 20142017 (Tonnes)
Table 56 Norway Mine Ventilation Market, By Offering, 20162024 (USD Thousand)
Table 57 Norway Mine Ventilation Equipment Market, By Type, 20162024 (USD Thousand)
Table 58 Norway Mine Ventilation Market, By Technique, 20162024 (USD Thousand)
Table 59 Rest of Europe Mineral Raw Material Production, By Country, 20142017 (Tonnes)
Table 60 Rest of Europe Mine Ventilation Market, By Offering, 20162024 (USD Thousand)
Table 61 Rest of Europe Mine Ventilation Equipment Market, By Type, 20162024 (USD Thousand)
Table 62 Rest of Europe Mine Ventilation Market, By Technique, 20162024 (USD Thousand)
Table 63 APAC Mine Ventilation Market, By Country, 20162024 (USD Million)
Table 64 APAC Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 65 APAC Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 66 APAC Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 67 China Mineral Raw Material Production, 20142017 (Tonnes)
Table 68 China Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 69 China Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 70 China Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 71 Australia Mineral Raw Material Production, 20142017 (Tonnes)
Table 72 Australia Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 73 Australia Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 74 Australia Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 75 India Mineral Raw Material Production, 20142017 (Tonnes)
Table 76 India Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 77 India Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 78 India Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 79 Rest of APAC Mineral Raw Material Production, By Country, 20142017 (Tonnes)
Table 80 Rest of APAC Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 81 Rest of APAC Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 82 Rest of APAC Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 83 RoW Mine Ventilation Market, By Region, 20162024 (USD Million)
Table 84 RoW Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 85 RoW Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 86 RoW Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 87 South America Mineral Raw Material Production, 20142017 (Tonnes)
Table 88 South America Mine Ventilation Market, By Country, 20162024 (USD Thousand)
Table 89 South America Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 90 South America Mine Ventilation Equipment Market, By Type, 20162024 (USD Thousand)
Table 91 South America Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 92 Middle East Mineral Raw Material Production, 20142017(Tonnes)
Table 93 Middle East Mine Ventilation Market, By Country, 20162024 (USD Million)
Table 94 Middle East Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 95 Middle East Mine Ventilation Equipment Market, By Type, 20162024 (USD Million)
Table 96 Middle East Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 97 Africa Mineral Raw Material Production, 20142017 (Tonnes)
Table 98 Africa Mine Ventilation Market, By Country, 20162024 (USD Thousand)
Table 99 Africa Mine Ventilation Market, By Offering, 20162024 (USD Million)
Table 100 Africa Mine Ventilation Equipment Market, By Type, 20162024 (USD Thousand)
Table 101 Africa Mine Ventilation Market, By Technique, 20162024 (USD Million)
Table 102 Product Launches, 20172019
Table 103 Contracts & Agreements, Mergers & Acquisitions, and Collaborations, 20172019
List of Figures (36 Figures)
Figure 1 Mine Ventilation Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Assumption for Research Study
Figure 6 Equipment Segment Accounted for the Largest Share of Mine Ventilation Market in 2018
Figure 7 Ventilation Segment Accounted for the Largest Share of Mine Ventilation Equipment Market in 2018
Figure 8 Underground Mining Segment Accounted for A Larger Share of Mine Ventilation Market Than Surface Mining Segment in 2018
Figure 9 Mine Ventilation Market in APAC Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 10 Increasing Number of Infrastructure Development Projects Expected to Fuel Growth of Mine Ventilation Market From 2019 to 2024
Figure 11 Equipment Segment Projected to Account for the Largest Size of Mine Ventilation Market From 2019 to 2024
Figure 12 Ventilation Segment to Hold the Largest Size of Mine Ventilation Equipment Market From 2019 to 2024
Figure 13 Underground Mining Segment and APAC Accounted for Larger Shares in Mine Ventilation Market in 2018
Figure 14 China Estimated to Hold the Largest Share of Mine Ventilation Market in 2019
Figure 15 Mine Ventilation Market Dynamics
Figure 16 Drivers for Mine Ventilation Market and Their Impact
Figure 17 Restraints for Mine Ventilation Market and Their Impact
Figure 18 Opportunities for Mine Ventilation Market and Their Impact
Figure 19 Challenges for Mine Ventilation Market and Their Impact
Figure 20 Value Chain Analysis: Mine Ventilation Market
Figure 21 Mine Ventilation Market, By Offering
Figure 22 Equipment Segment Projected to Account for the Largest Size of Mine Ventilation Market From 2019 to 2024
Figure 23 Mine Ventilation Market, By Technique
Figure 24 Underground Mining Segment Expected to Lead Mine Ventilation Market From 2019 to 2024
Figure 25 Mine Ventilation Market in Australia Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 26 North America Mine Ventilation Market Snapshot
Figure 27 Europe Mine Ventilation Market Snapshot
Figure 28 APAC Mine Ventilation Market Snapshot
Figure 29 RoW Mine Ventilation Market Snapshot
Figure 30 Mergers and Acquisitions Emerged as Key Growth Strategy Adopted By Players in Mine Ventilation Market From 2017 to 2019
Figure 31 Ranking of Top 5 Players in Mine Ventilation Market, 2018
Figure 32 Mine Ventilation Market (Global) Competitive Leadership Mapping, 2019
Figure 33 Product Launches Was the Key Strategy Adopted By Leading Market Players From 2017 to 2019
Figure 34 ABB: Company Snapshot
Figure 35 Epiroc: Company Snapshot
Figure 36 Stantec: Company Snapshot
The study involves major activities for estimating the current size of the mine ventilation market. Exhaustive secondary research was carried out to collect information on the market. The next step involved the validation of these findings, assumptions, and sizing with industry experts, identified in the value chain, through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred for identifying and collecting information important for this study. Secondary sources such as encyclopedias, directories, and databases [National Mining Association, International Organizing Committee for the World Mining Congresses, The Mine Ventilation Society of South Africa, Investor Presentations, OneSource, and Factiva] have been used to identify and collect information for an extensive technical and commercial study of the mine ventilation market.
Primary Research
In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess prospects. Key players in the mine ventilation market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as CEOs, directors, and marketing personnel.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the mine ventilation market and other dependent submarkets listed in this report.
- The key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall mine ventilation market size through the estimation process, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
The objectives of the study are as follows:
- To describe and forecast the mine ventilation market, in terms of value, segmented into offering and technique
- To describe and forecast the market size, in terms of value, by equipment typeventilation, heating, and cooling
- To describe and forecast the market size, in terms of value, by regionNorth America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding major factors influencing growth (drivers, restraints, opportunities, and challenges) of the market
- To provide a detailed overview of the value chain of the mine ventilation market ecosystem
- To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
- To analyze the major growth strategies implemented by the key market players, such as product launches, contracts & agreements, mergers & acquisitions, and collaborations
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report.
Company information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Mine Ventilation Market