Global Mining Renewable Energy Systems Industry valued approximately USD 2.87 billion in 2018 is anticipated to grow with a healthy growth rate of more than 7.2% over the forecast period 2019-2026. The Mining Renewable Energy Systems Industry is on the surging trend considering the global scenario. Mining renewable energy systems are clean sources of power generation used in mining sites, especially for off-grid locations. These sources include solar, wind, biomass and geothermal among others. The Industry growth is primarily driven by changing preferences of the mining industry towards renewable energy such as wind and solar energy, due to high cost of electricity generation. However, high cost of installation of the systems is expected to hamper the Industry growth. Based on segments, solar is anticipated to be the dominating segment. As solar is a source of decentralized energy that makes it suitable for mining applications. It provides clean energy by reducing the greenhouse gas emissions; therefore, the demand is likely to increase in the near future.
The regional analysis of Global Mining Renewable Energy Systems Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of Industry share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2019-2026.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Mining Renewable Energy Systems Industry Share and Size by 2019-2025
Mining Renewable Energy Systems Market Segmentation:
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Mining Renewable Energy Systems Market are as follows:
Barrick Gold Corporation
Cambridge Energy Partners
Cronimet Holding GmbH
Enel Green Power