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Upward swing forecast for surface mining equipment

The global surface mining equipment market is expected to grow at a compounded annual growth rate (CAGR) of 3.24% during the period 2017-2021.

This is according to a research report that covers the present scenario and the growth prospects of the market by way of study, synthesis, and summation of data from multiple sources.

Commenting on the report, titled Global Surface Mining Equipment Market 2017-2021, an analyst from the research team said, “One popular trend in the market is environment-friendly mining activities. Mining can be made environment-friendly by developing new strategies and practices, and integrating these practices to reduce the negative environmental impacts of mining operations.

“To reduce the negative environmental impacts of mining activities, it is necessary to introduce new mining equipment that emits less harmful particles into water, air, and land.”

The report further states that one of the biggest challenges in the mining equipment market is environment regulations for mining activities. “Mining has several negative impacts on the environment, which necessitates the application of strict environmental regulations on mining companies.

“The environmental impacts of mining include loss of biodiversity, contamination of water resources, the formation of sinkholes, erosion of exposed hillsides, soil erosion, and soil pollution. It is important for mining machinery to take this into account.

“Mining companies in many countries are forced to follow strict environmental regulations. If and when mining companies do not comply, their mining activities during certain periods of each year may be banned.”

Key questions answered in this report

–  What will the market size be in 2021 and what will the growth rate be?

–  What are the key market trends?

–  What is driving this market?

–  What are the challenges to market growth?

–  Who are the key vendors in this market space?

The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. It has been prepared using an objective combination of primary and secondary information based on in-depth market analysis with inputs from industry experts, covering the market landscape and its growth prospects over the coming years.

 

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