Ventilation is among the most important functions in a mining operation. Since ventilation directly affects the health and safety of employees working underground, mine owners take the regulation of air flow through a mine very seriously. Factors that determine ventilation design include: the type of mine, its location, the regulations around how much ventilation is required (varies by jurisdiction), and the equipment being used. The latter is especially important because a mine that uses diesel equipment will require more ventilation to dilute the diesel fumes than one that uses electric vehicles.
Globally, the mine ventilation equipment industry market is low concentrated as the manufacturing technology of mine ventilation equipment is relatively matures than some high-tech equipment. And some enterprises, like Howden, Epiroc and TLT-Turbo, etc. are well-known for the wonderful performance of their mine ventilation equipment and related services. At the same time, Asia-Pacific, occupied 30.89% Revenue market share in 2020, is remarkable in the global mine ventilation equipment industry because of the lowest cost of labor and raw material.
The consumption of mine ventilation equipment is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of mine ventilation equipment industry may not keep that fast. But it is surely forecasted that the market of mine ventilation equipment is still promising.
The Mine Ventilation Equipment market was valued at 240 Million US$ in 2020 and is projected to reach 290 Million US$ by 2026, at a CAGR of 2.4% during the forecast period. In this study, 2020 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Mine Ventilation Equipment.
This report covers the present status and the future prospects of the global Mine Ventilation Equipment market for 2015-2026.
The report offers detailed coverage of Mine Ventilation Equipment industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Mine Ventilation Equipment by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Howden, Epiroc, TLT-Turbo, ABB, ABC Industries, Twin City Fan&Blower, New York Blower, Zitron, ABC Ventilation Systems, Clemcorp Australia, ECE-COGEMACOUSTIC, Sibenergomash-BKZ, Hurley Ventilation, Parag Fans&Cooling Systems, Chicago Blower, Multi-Wing, Zibo Jinhe Fan, Spendrup FAN, Specialist Mechanical Engineers, Rotary Machine Equipment, AFS, Shandong China Coal
Market Segment as follows:
Market by Order Type
Fans & Blowers
Refrigeration & Cooling Systems
Heating
Others
Mine Ventilation Equipment Breakdown Data by Application
Coal Mining
Metal Mining
Mine Ventilation Equipment market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Mine Ventilation Equipment market for the forecast period 2021 - 2026?
• What are the driving forces in the Mine Ventilation Equipment market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Mine Ventilation Equipment industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.