Coal mining support activities market comprises of the sales of several support activities for coal mining services by entities (sole traders & partnerships and organizations) that perform many coal mining support activities on contract-basis or fee-basis. Exploration for coal is integrated in this market that includes various traditional prospecting methods including taking core samples and making geological observations at prospective sites.
Coal mining industry mines a variety of types of coal. Most coal mines comprises of bituminous coal or anthracite, which are black coal types. Operators may also mine the lignite or brown coal. In general, mining mainly occurs underground and in-surface pits. Market enterprises may also develop the coal mine sites and prepare the coal for sale through washing, screening and sizing it. Coal mining is a method of extracting the coal from ground. Coal is a combustible rock, which is basically composed of lithified plant remains and contains minerals, macerals and water. It is formed by alteration of dead plant material that primarily accumulates as a surficial deposit of peat and then buried below the layers of younger sediment. As the temperature rises, owing to increasing the depth of burial, the initial peat is altered by the process of coalification by brown coals for instance lignite & sub-bituminous coal, to black coals or hard coals like bituminous coal and anthracite.
As per analysis, “Support Activities For Coal Mining Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global support activities for coal mining market are CIMIC Group; Downer Blasting Services (DBS); Boart Long year; Barminco Holdings Pty Limited and PT United Tractors. Key companies provide many support activities for coal mining by using various technologies for instance Remote Sensing, GPS, GIS, Digital photogrammetry and LiDAR during the coal exploration processes. High resolution satellite data is utilized in regional geological mapping and also for locating the potential coal bearing area for detail exploration.
Based on type, support activities for coal mining market is segmented as coal mining draining services, coal mining exploration services, coal mining drilling services and other coal mining support activities. In addition, based on process, market is segmented as opencast process and underground process.
Rise in sources of energy, followed by growth in demand of coal for various purposes, increase in mining techniques and rise in electricity generation are some major factors, which are responsible for growth of support activities for coal mining market. Apart from this, environmental concerns surrounding coal-generated power is a major hindering factor for market. Moreover, better electricity generation technology and robotics & driverless technology are leading opportunities for market.
Based on geographic analysis, the Asia-Pacific is a leading region in global support activities for coal mining market owing to increase in usage of coal in steel manufacturing & electricity generation and growth in population and heavily depend on coal for energy & other purposes across the region. The North-America and Europe regions are estimated to witness higher growth rate due to increase in government policies to support the mining industry over the forecast period.
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Ankur Gupta, Head Marketing & Communications