London, 17 March 2015 –The Mining Equipment Market in the APAC Region is expected to post a CAGR of 8.05 percent from 2014-2019, according to a new report from research firm TechNavio.
About the Report
According to the new report, the increased urbanization in countries like China and India has led to growth in demand for power and energy in these areas. The APAC region is currently the largest user of coal for electricity production, with more than half of all electricity in the region generated from coal.
“Increased demand for electricity in the APAC region will have a huge positive impact on the mining equipment market during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
“The increased need for infrastructure like buildings, roads and bridges will also drive the demand for coal as it is used in steel and cement manufacturing, thus leading to increased market growth.”
Furthermore, the TechNavio report emphasizes large-scale excavations and efficient handling of coal that has become possible because of innovations in mining and coal handling equipment.
“The advances in technology are expected to increase mining opportunities and increase market shares for vendors,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Demand from Coal Mining Industry
- For a full detailed list, view our report.
Market Challenges:
- Increase in Government Regulations
- For a full detailed list, view our report.
Market Trends:
- Advances in Technology in Mining Equipment
- For a full detailed list, view our report.
Key Vendors:
- Dove Equipment and Machinery
- Hitachi Construction Machinery Co., Ltd.
- Komatsu Corp.
Other Prominent Vendors:
- Aesha conveyers and Crushing Equipment
- Doosan Infracore
- Mitrays Industries
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
