Rising demand for mine ventilation systems in coal mining is a key factor driving market revenue growth
The global mine ventilation market size is expected to reach USD 475.2 Million in 2028 and register a CAGR of 3.8% over the forecast period, according to the latest report by Reports and Data. Mine ventilation market revenue growth can be attributed to increasing number of underground mining activities, high demand for mine ventilation systems, increasing awareness regarding safety & health of miners, inclining demand for metals, and rising number of infrastructure development projects globally.
Airflow in underground mines ensures a healthy working environment and increased productivity. Ventilation systems deliver sufficient oxygen, minimize heat, and remove toxic gases such as Sulfur Dioxide (SO2), Nitrous Oxide (NOx), Carbon Monoxide (CO), methane, and Carbon Dioxide (CO2).
Natural Heat Exchange Engineering Technology (NHEET), Ventilation on Demand (VOD), hydraulic air compressors, air quality sensors, and others are some of the commonly used mine ventilation technologies. Presence of strict occupational safety regulations, ongoing technological advancements, rising number of mining operations, and increasing need to optimize & maintain quality of airflow in mines are some of the major factors expected to drive revenue growth of the global mine ventilation market over the forecast period.
Some Key Highlights From the Report:
- In November 2019, TLT-Turbo GmbH, ventilation fans and systems manufacturer, launched a redesigned range of Auxiliary and Booster fans. These were developed in collaboration with clients. These newly designed fans would help in addressing both cost-effectiveness and efficiency, in a versatile product range. These are best suited for meeting all the requirements of mining industry.
- Underground segment accounted for the largest revenue share of global market in 2020. Increasing number of underground mining activities and rising demand for underground minerals & ores are expected to boost growth of this segment in the upcoming years.
- Asia Pacific is expected to register a relatively faster revenue CAGR throughout the forecast period. Increasing application of mine ventilation systems and rising demand for raw materials from manufacturing industries are expected to drive revenue growth of the market in the region during the forecast period.
- Companies profiled in the global market report include Epiroc, Philips Healthcare, Howden, Stantec, Twin City Fan, ABC Industries, Chicago Blowers, DMT, TLT Turbo, and New York Blower Company.
For the purpose of this report, Reports and Data has segmented the global mine ventilation market based on offering, technique, and region:
Offering Outlook (Revenue, USD Million; 2018-2028)
Technique Outlook (Revenue, USD Million; 2018-2028)
Regional Outlook (Revenue, USD Million; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Browse Complete Report “Mine Ventilation Market” @ https://www.reportsanddata.com/report-detail/mine-ventilation-market