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Technology Investments in Mining in Asia-Pacific: Current Scenario and Future Forecasts

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Published on : Sep 09, 2016

ALBANY, New York, September 09, 2016: More than 60% of the mines in Asia pacific have been invested in scheduling and shift optimization, fleet management and vehicle monitoring, tire monitoring, environmental monitoring and emission management, collision avoidance and proximity detection, and fatigue management technologies. Many others have invested in remote control equipment and machines automation, real-time video training, predictive maintenance, UAVs/drones, energy management and optimization, and other technologies. These are some of the findings of a new report recently added by ResearchMoz.us to its database of research reports. 

The report, titled “Technology Investment Priorities in Mining in Asia-Pacific 2016,” offers a brief analysis of various investments made in Asia Pacific across all industries with a focus on the investments by mining companies. The key focus of the report is on technologies currently used by mining companies and technologies in which the companies are planning to invest in coming two years. As per the findings of the report, in last two years, maximum rise in penetration in environmental monitoring technologies and real-time video training has been recorded. Currently, UAVs/drones have the lowest penetration, with merely 17% of mines being invested till date. However, a considerable percent of growth is predicted in the penetration of UAVs/drones in the years to come. 

The report briefs readers about changing priorities for technological investments in nations such as Philippines, India, and Indonesia. Top software used to support technology advancements are also studied in the report by analysts. For a competitive analysis, Asia Pacific mines are studied in the report on the basis of company revenue, mine size, commodity, country, and type. As per the report, the metals commodity sector is predicted to register the most promising increase in the penetration of technology in the coming two years. India is currently offering genuine opportunities for vendors. 

Click here to get more info with TOC in a PDF Format: https://www.researchmoz.us/enquiry.php?type=S&repid=791799

The report highlights advancements in software and automation in mining in Asia Pacific. As per the findings, Surpac is the most popularly used software, nominated by almost 29% of mines. Minex and MineScape are the two other most used software, nominated by 15% and 10% mines respectively. Key companies in the mining industry are aiming to adopt new software and mining equipment. With greater investment intentions, mining companies are expected to prioritize their preferences for advanced technologies. 

A comparison of investments in mining by mining companies in 2014 and those in 2016 clearly indicates that the preferences are changing. Key companies are investing in automated processes, advanced equipment, and a higher level of technologies. With this, they plan to maintain their dominance throughout the forecast period. As environment safety is a rising concern, many environmental monitoring technologies have come up in the global market. The new energy management technologies have also benefited many companies across the globe, state the authors.

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