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Details About the Mechanical Drives Market for mining Report 2021

Press Release   •   Aug 18, 2017 07:05 EDT

The analysts forecast Global Mechanical Drives Market for mining industry to grow at a CAGR of 2.99% during the period 2017-2021. This report covers the present scenario and the growth prospects of the Global Mechanical Drives Market for mining industry for 2017-2021. To calculate the market size, the report considers the demand for mechanical drive products from the mining industry.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

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About Mechanical Drives for Mining Industry

Mining involves extraction of valuable minerals from the earth's crust. These mineral products have an economic value as they are used in many industries to manufacture end-products. These industries include automobile, manufacturing, energy, and construction. Ores recovered by mining include coal, oil shale, metals, gemstones, rock salt, and clay. The life cycle of a mining process consists of key steps that include exploration, production, closure, and post-mining. The major parts of mining process are exploration, mining, and processing.

This report, Global Mechanical Drives Market for Mining Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

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The report also includes a discussion of the key vendors operating in this market.

Key vendors

ABB

Nidec

Siemens

SKF

Market driver

Global urbanization and industrialization

For a full, detailed list, view our report

Market challenge

Decline in mining-related investments

For a full, detailed list, view our report

Market trend

Shifting of mining activities to emerging economies

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

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