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Valued to be $22.3 Billion by 2026, Smart Mining Slated for Robust Growth Worldwide
[June 28, 2022]

Valued to be $22.3 Billion by 2026, Smart Mining Slated for Robust Growth Worldwide

SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smart Mining - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.


What's New for 2022?
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
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  • Complimentary updates for one year

Edition: 6; Released: January 2022
Executive Pool: 2823
Companies: 42 - Players covered include ABB Ltd.; Alcatel-Lucent; Atlas Joy Global Inc.; Caterpillar Inc.; Cisco Systems, Inc.; Copco; Hexagon AB; Hitachi Ltd.; Komatsu Ltd.; OutotecOyj; Robert Bosch GmbH; Rockwell Automation Inc.; Sandvik AG; Trimble, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Service Type (System Integration, Consulting, Engineering & Maintenance); Solution (Smart Control Systems, Smart Asset Management, Safety and Security Systems, Data Management and Analytics Software, Monitoring Systems, Other Solutions)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry


Global Smart Mining Market to Reach $22.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Mining estimated at US$7.5 Billion, is projected to reach a revised size of US$22.3 Billion by 2026, growing at a CAGR of 19.8% over the analysis period. Smart Control Systems, one of the segments analyzed in the report, is projected to record a 16.9% CAGR and reach US$2.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Asset Management segment is readjusted to a revised 20.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.7 Billion in 2021, While China is Forecast to Reach $3.8 Billion by 2026
The Smart Mining market in the U.S. is estimated at US$2.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2026 trailing a CAGR of 18.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.6% and 16.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.

Safety and Security Systems Segment to Reach US$2.5 Billion by the year 2026
In the global Safety and Security Systems segment, USA, Canada, Japan, China and Europe will drive the 18.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$735.3 Million will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™

Global Industry Analysts, Inc., ( is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.

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