| Product Code: ETC4424245 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India connected mining market import shipment experienced a significant decline with a CAGR of -15.9% from 2020 to 2024. The growth rate between 2023 and 2024 plummeted by -98.6%, indicating a sharp contraction in the market. The trend showcases a rapid slowdown and loss of momentum in import shipments over the period.
The India Connected Mining market involves the use of technology to improve safety, efficiency, and productivity in mining operations. This includes the deployment of IoT sensors, real-time monitoring, and data analytics to optimize mining processes. India mining sector is seeking ways to enhance sustainability and safety, making connected mining solutions a valuable investment.
The India connected mining market is driven by the mining industry`s need to enhance safety, productivity, and efficiency. The adoption of connected mining solutions is driven by the desire to monitor and manage mining operations in real-time, optimize resource utilization, and improve worker safety. Additionally, regulatory requirements and environmental concerns are pushing mining companies to invest in technology that enables more sustainable and responsible mining practices.
The smart buildings market in India faces challenges related to retrofitting existing structures with smart technologies. The cost and complexity of integrating modern automation systems into legacy buildings can be prohibitive. Additionally, ensuring interoperability among different systems and devices is a complex task, which may lead to functionality issues and higher costs. Privacy concerns surrounding the collection of data within smart buildings, as well as the vulnerability to cyberattacks, demand careful attention. Regulatory challenges regarding building codes and standards also need to be addressed for widespread adoption of smart building technologies.
The connected mining market saw growth as the industry sought to enhance safety, productivity, and operational efficiency. IoT and automation technologies played a pivotal role in remote monitoring and control of mining operations.
The connected mining market in India is witnessing dynamic participation from key players like Larsen & Toubro (L&T), Accenture, and IBM. These companies are at the forefront of revolutionizing the mining industry by integrating advanced technologies such as the Internet of Things (IoT), artificial intelligence, and data analytics. L&T`s comprehensive mining solutions, Accenture`s digital transformation expertise, and IBM`s advanced data analytics platforms are reshaping the traditional mining landscape in India. These key players are instrumental in developing connected mining ecosystems that enhance operational efficiency, ensure worker safety, and optimize resource utilization, thereby playing a pivotal role in the transformative journey of the India mining sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Connected Mining Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Connected Mining Market Revenues & Volume, 2021 & 2031F |
3.3 India Connected Mining Market - Industry Life Cycle |
3.4 India Connected Mining Market - Porter's Five Forces |
3.5 India Connected Mining Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 India Connected Mining Market Revenues & Volume Share, By Service , 2021 & 2031F |
3.7 India Connected Mining Market Revenues & Volume Share, By Solution , 2021 & 2031F |
3.8 India Connected Mining Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 India Connected Mining Market Revenues & Volume Share, By Deployment Mode , 2021 & 2031F |
3.10 India Connected Mining Market Revenues & Volume Share, By Mining Type, 2021 & 2031F |
4 India Connected Mining Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of advanced technologies in the mining industry |
4.2.2 Government initiatives promoting digitalization and automation in mining operations |
4.2.3 Growing focus on improving operational efficiency and safety in mining activities |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with implementing connected mining solutions |
4.3.2 Concerns regarding data security and cybersecurity threats in connected mining systems |
5 India Connected Mining Market Trends |
6 India Connected Mining Market, By Types |
6.1 India Connected Mining Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India Connected Mining Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 India Connected Mining Market Revenues & Volume, By Solutions, 2021-2031F |
6.1.4 India Connected Mining Market Revenues & Volume, By Services, 2021-2031F |
6.2 India Connected Mining Market, By Service |
6.2.1 Overview and Analysis |
6.2.2 India Connected Mining Market Revenues & Volume, By Professional, 2021-2031F |
6.2.3 India Connected Mining Market Revenues & Volume, By Managed, 2021-2031F |
6.3 India Connected Mining Market, By Solution |
6.3.1 Overview and Analysis |
6.3.2 India Connected Mining Market Revenues & Volume, By Asset Tracking and Optimization, 2021-2031F |
6.3.3 India Connected Mining Market Revenues & Volume, By Fleet Management, 2021-2031F |
6.3.4 India Connected Mining Market Revenues & Volume, By Industrial Safety and Security, 2021-2031F |
6.3.5 India Connected Mining Market Revenues & Volume, By Workforce Management, 2021-2031F |
6.3.6 India Connected Mining Market Revenues & Volume, By Analytics and Reporting, 2021-2031F |
6.3.7 India Connected Mining Market Revenues & Volume, By Process Control, 2021-2031F |
6.4 India Connected Mining Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Connected Mining Market Revenues & Volume, By Exploration, 2021-2031F |
6.4.3 India Connected Mining Market Revenues & Volume, By Processing and Refining, 2021-2031F |
6.4.4 India Connected Mining Market Revenues & Volume, By Transportation, 2021-2031F |
6.5 India Connected Mining Market, By Deployment Mode |
6.5.1 Overview and Analysis |
6.5.2 India Connected Mining Market Revenues & Volume, By On-premises, 2021-2031F |
6.5.3 India Connected Mining Market Revenues & Volume, By Cloud, 2021-2031F |
6.6 India Connected Mining Market, By Mining Type |
6.6.1 Overview and Analysis |
6.6.2 India Connected Mining Market Revenues & Volume, By Surface, 2021-2031F |
6.6.3 India Connected Mining Market Revenues & Volume, By Underground, 2021-2031F |
7 India Connected Mining Market Import-Export Trade Statistics |
7.1 India Connected Mining Market Export to Major Countries |
7.2 India Connected Mining Market Imports from Major Countries |
8 India Connected Mining Market Key Performance Indicators |
8.1 Percentage increase in real-time data utilization in mining operations |
8.2 Reduction in downtime and maintenance costs through connected mining technologies |
8.3 Improvement in overall productivity and efficiency levels in mining processes |
9 India Connected Mining Market - Opportunity Assessment |
9.1 India Connected Mining Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 India Connected Mining Market Opportunity Assessment, By Service , 2021 & 2031F |
9.3 India Connected Mining Market Opportunity Assessment, By Solution , 2021 & 2031F |
9.4 India Connected Mining Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 India Connected Mining Market Opportunity Assessment, By Deployment Mode , 2021 & 2031F |
9.6 India Connected Mining Market Opportunity Assessment, By Mining Type, 2021 & 2031F |
10 India Connected Mining Market - Competitive Landscape |
10.1 India Connected Mining Market Revenue Share, By Companies, 2024 |
10.2 India Connected Mining Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |