Albany NY (April 4, 2013) (CULRAV.ORG) -
According to a new market report published by Transparency Market Research “Mining Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” the global mining equipment market is expected to reach USD 117.0 billion by 2018 from USD 71.5 billion in 2012 at a CAGR of 8.5% from 2012 to 2018. The Asia Pacific market was in a commanding position having contributed more than 60% of the entire mining equipment market share in 2012.
The global mining equipment market
is primarily driven by factors such as increasing mining activities in developing countries and the rising demand for technically advanced solutions across the globe. The large iron ore projects planned in Brazil, Russia, Australia, Africa and other regions are expected to drive the mining equipment industry in coming years. Mining activities in oil refineries, coal mining and other underground mining activities taking place in the emerging markets, especially Latin America and Asia Pacific are leading to huge demand for mining equipment in these regions.
The surface mining equipment market holds the largest share and accounts for nearly 37% of the entire mining equipment market owing to the rising demand for metal and mineral commodities. The mining drills and breakers market is expected to be the fastest growing market in the coming years owing to their increasing demand from developing countries. These equipments are imperative in most operations, where breaking through the ground and subsurface materials are necessary. The market for underground mining equipment holds the second largest share in the global mining equipment market and is expected to grow at a moderate growth rate from 2012 to 2018. Underground mining equipment includes hydraulic shovels, cable shovels, continuous mining machines, long wall mining machines and drag lines.
sia Pacific was the largest regional market for mining equipments and accounted for approximately 60% of the entire mining equipment market in 2012, followed by RoW, North America and Europe.China alone accounts for almost 50% of the entire mining equipment market. Asia Pacific is expected to be the fastest growing region in the coming years, fueled by increasing mining production and related machinery sales in India, China and Indonesia.
Leading players in the global mining equipment industry include renowned names such as Caterpillar Inc., Hitachi Construction Machinery, Joy Global Inc., Komatsu Limited, Sandvick AB, and Atlas Copco. This industry is very competitive and concentrated with many mature multinational firms having their operation units across the globe. There are more than 650 companies, with the top 50 companies holding more than 80% of the industry share and competing with each other for revenue and customers, nationally and internationally. Caterpillar Inc. is the world’s largest player in the mining equipment industry followed by Komatsu and Hitachi Construction Machinery.
Fuel Cells Market (PEMFC, MCFC, PAFC, SOFC, DMFC & Others) – Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2012 – 2018
This report analyzes and estimates the demand for fuel cells in the global scenario. The fuel cell market is segmented on the basis of application, type, fuel and geography. Regional and product-based market data is given in terms of both volumes and revenues for the period from 2010 to 2018.
Various fuel cell products analyzed in this study include direct methanol fuel cell (DMFC), proton exchange membrane fuel cell (PEMFC), molten carbonate fuel cell (MCFC), alkaline fuel cell (AFC), phosphoric acid fuel cell (PAFC) and solid oxide fuel cell (SOFC).
The fuel cells market by applications is majorly divided into stationary, transportation and portable. The economies covered in this report are Asia-Pacific, Europe, North America, and Rest of the World (ROW). Regional data has also been provided for key countries such as U.S., Canada, Japan, South Korea, Germany, UK, Norway, Denmark and Sweden. The fuel cells market by various fuels such as hydrogen, natural gas and methane has also been analyzed in this report along with type, application and geography.
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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VN:F [1.9.22_1171]Global Mining Equipment Market Will Reach USD 117.0 Billion by 2018: Transparency Market Research,