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The report “Russian Mining Equipment Market: Growth, Trends and Forecasts (2020-2025)” was added to the ResearchAndMarkets.com offering.
The Russian mining equipment market is expected to grow at a compound rate of more than 6% during the forecast period.
With the abundance of mineral availability in Russia, it is one of the most resource-rich countries. Almost all of the country’s mineral resources are extracted from base metals, coal, iron ore, bauxite and diamonds.
The country plays a prominent role in the extraction of platinum and diamonds. Russia is the leader in the production of rough diamonds, for coal, the country has 15% of the world’s reserves and ranks 2nd in the world. Russia is the second largest manufacturer of platinum and the third largest manufacturer of iron ore, gold and lead. The country is also found in nickel, copper, cobalt and other rare minerals.
However, the country imports more than 50% of the mining apparatus needed to extract these metals and minerals. The mining equipment market in Russia is very promising and there are several opportunities for local players.
Key market trends
Electric vehicle (EV) segment grows with the upper CAGR
Electric cars have wonderful perspectives in the mining industry, not only because they reduce the carbon footprint, but also because they provide on-site safety. Most importantly, in underground mines, electric cars have underground air quality because they do not emit destructive gases or diesel engine waste such as nitrogen oxide. These destructive gases can cause breathing difficulties, leading to situations such as lung inflammation and asthma. Brief exposure has been found to cause headaches and eye irritation, possibly restricting workers’ effectiveness.
Many industry players are spending a lot of cash to expand new products that offer greater torque and maneuverability to faster subways. For example, in April 2020, ARMZ Mining Machinery became the first and only company in Russia to produce lithium-ion battery-powered mining appliances through a collaboration with Aramine. The company began generating mining apparatuses in Krasnokamensk, in the trans-Bassal territory of Russia.
The ARGO LHD 140B is specially designed for underground paints in narrow vein tanks. The Aramine L140B mini loader has a width of 1.1 my a spoon load capacity of 1.3 t. A 50 kW engine and lithium-ion battery offer maximum mobility and continuous operation for up to 4 hours; At the same time, it offers little noise, minimal heat movement and no fuel contamination in the mine.
Coal mining captures market
Russia has increased its coal production capacity by more than 30% over the past decade, achieving a total capacity of more than 440 million tonnes and has the third largest coal producer in the world. Investment in the industry increased by 150% during the same period. Coal mining in Russia is entirely in the hands of personal companies.
The market leader is SUEK (Siberian Coal Energy Company) with coal sales of 113.8 Mta, with a market percentage of 25% in 2018. Due to the growing demand for thermal coal, Russia continues to expand its production and infrastructure volumes. Markets in Japan, Korea and Taiwan basically require high-quality boiler coals with calorific values of 5600 kcal and higher.
However, low temperature in the country is a challenge for maximum brands of mining equipment because mining equipment does not operate at such low temperatures, temperatures can drop to -45 degrees Celsius, puts mining apparatus to the test. But primary mining operators spend a lot on new products that can succeed on stage and run smoothly under such conditions. For example, in March 2019, the Komatsu PC1250 diesel hydraulic shovel arrived at SUEK’s Apsatsky open pit mine. Komatsu PC1250 is suitable for low temperature operations, which will perform uninterrupted paints through miners in the northern component of Zabaikalye, in the Apsatsky open pit mine.
Competitive panorama
The marketplaceplaceplace of Russian mining devices is fragmented, with many actors representing a small share of marketplaceplaceplace. Some of the leading companies in the Russian mining equipment market are Strommashina Corp. Mitsubishi COrompany, Hitachi Construction Machinery, Kopeysk Machine Building Plant, UZTM Kartex Gazprombank Group and others. The country’s main players are entering into a strategic partnership with world leaders to gain market share, acceptance, acceptance.
For example, in October 2018, south-African mining apparatus Weba Chute Systems partnered with Russian polyurethane manufacturer Somex.
Key topics
1. INTRODUCTION
1.1 Hypothesis study
1.2 Scope of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market factors
4.2 Market limitations
4.3 Analysis of carrier strengths
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Open pit mining
5.1.2 Underground mining
5.2 Application
5.2.1 Metal extraction
5.2.2 Mining
5.2.3 Coal mining
5.3 Type of powertrain
5.3.1 IC motors
5.3.2 Electric
6 COMPETITIVE LANDSCAPE
6.1 Supplier market share
6.2 Corporate profiles
6.2.1 UZTM Kartex Gazprombank Group
6.2.2 Mitsubishi Corporation (Russia) LLC
6.2.3 Hitachi Construction Machines
6.2.4 Kopeysk machinery construction plant
6.2.5 Strommashina Corp.
6.2.6 Prominer Mining Technology Co. Ltd.
6.2.7 DXN
6.2.8 Uralmash
6.2.9 Xinhai EPC Mineral Treatment
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, https://www.researchandmarkets.com/r/hm56i7
See the businesswire.com edition: https://www.businesswire.com/news/home/20200826005385/fr/
Contacts
ResearchAndMarkets.com Laura Wood, Senior Press [email protected] For E. S.T., 1-917-300-0470 For USA/ CAN, toll-free 1-800-526-8630