Historically, the global coal, lignite, and anthracite
mining market, a part of the mining industry, grew at a compound annual growth
rate (CAGR) of almost 5%. This growth rate was due to an increased rate of electricity
generation that resulted in higher consumption of coal. Electricity generation
accounted for around 60% of the total coal consumption during the historic
period.
The global coal, lignite, and anthracite mining market size is
expected to be around $1000 billion in 2021, growing at a slightly lower CAGR
of about 4.5%. Going forward, the coal, lignite and anthracite market is
expected to grow at a slower pace than the historic period. This is mainly due
to increased regulations with respect to depletion of fossil fuels and carbon
emissions.
Find TBRC’s report on the coal, lignite, and anthracite
mining market: https://www.thebusinessresearchcompany.com/report/coal-lignite-and-anthracite-mining-global-market-report-2018
Mining companies are increasingly focusing on technologies
to prevent accidents and improve the safety standards in the coal, lignite and
anthracite mining market. Government regulations, and health and safety
standards developed by international mining groups operating in the mining
industry, also promote efficient safety practices. Some of the reasons for the
occurrence of accidents in mining industry include ineffective drilling,
blasting, loading and hauling, leaking out of poisonous methane gas, coal dust,
and machinery collisions. Companies operating in the coal, lignite and
anthracite mining industry are integrating advanced technologies in their
process to minimize the hazards on mining sites. For instance. sensor-based
methane detectors using RFID technology are being used to monitor and control
the level of methane which can help preventing explosions at mining sites. GE’s
CoalPlus technology helps in reducing coal dust in mining operations by up to
90%. Other companies such as Fletcher, JOY, Hilti and Orica are providing automated
temporary roof support (ATRS) and mobile roof support (MRS) solutions to
prevent rockfalls caused by bolting of rocks. These technologies involve inserting
a steel rod into the rock formation to support the roof or sides of the rock
cavity. Caterpillar’s Cat Detect Personnel technology indicates possible
collisions, speeding or rollovers.
Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=94&type=smp
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