Siemens, Caterpillar, and ABB are Dominating the Global Digital Mining Market in 2020

Global Digital Mining Market is expected to grow with the CAGR of 14.3% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global digital mining market is a fragmented market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global digital mining market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For Instance,

  • In October 2018, Siemens signed a Memorandum of Understanding (Moue) with Interlate to provide digital and data services for mining industry. Under this, both the companies’ combined their individual technology, data analytics and process expertise, to develop predictive and prescriptive solutions to help the mining sector. This has helped the company to enhance their offerings and to grow in the market.
  • Siemens is the dominating player in global digital mining market. The other key players existing in the market includes ABB, Siemens, Rockwell Automation, Inc., SAP SE, Wipro Limited, Wencomine (a subsidiary of Hitachi Construction Machinery Co., Ltd.), Cisco, Caterpillar, General Electric, Sandvik AB, Hexagon AB (a subsidiary of HEXAGON), IBM Corporation, Hatch Ltd., Wabtec Corporation, Komatsu Mining Corp. (a subsidiary of Komatsu Ltd.), Accenture, Trimble Inc., Schneider Electric, BENTLEY SYSTEMS, INCORPORATED and Tech Mahindra Limited among others.

Digital Mining Market

Siemens

Siemens is headquartered in Munich; Germany was founded in year 1847. The company manufactures and provides energy-efficient, resource saving technologies, in areas of electrification, automation, and digitization. The business segments of the company include industrial business and Siemens financial services. The market focused business segment is industrial business. The solution categories of the company areAerospace, Airports, Automotive Manufacturing, Battery Manufacturing, Campus, Chemical Industry, Cement, Cranes, Data Centers, Distributors, Electronics Industry, Food & Beverage, Glass Production, Intralogistics, Machinery And Plant Construction, Mining Industry, Municipalities And Distribution System Operators, Oil And Gas, Panel Building, Pulp And Paper Industry, Pharmaceutical Industry, Tire Manufacturing, Transportation And Logistics, Water Industry And Wind out of which Mining Industry is the market focused category.

  • In November 2019, Siemens entered into strategic partnership with juwi for microgrids in the mining industry. Under this partnership, both the companies aim to develop the advanced microgrid control system that enables integration of power from renewable energy to a mine's off-grid power supply. This has helped the company to enhance their offerings and to grow in the market.

The company has presence in North America, South America, Europe, Asia-Pacific, Africa and Australia. In addition to it, the company also generates its revenue from the various subsidiary companies such a Siemens Healthineers (Germany), Siemens Gamesa Renewable (Spain), Siemens Mobility (Germany), Mentor Graphics (U.S.), Dresser-Rand (U.S.) among others.

Caterpillar

Caterpillar is headquartered in Illinois, the U.S. and is founded in 1925. The company is engaged in developing and providing construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The business segments of the company include construction industries, resource industries, energy transportation and financial products. The market focused business segment is energy and transportation. The brand categories of the company are Cat Lift trucks, Cat, tuner powertrain systems, progress rail, solar turbines, turner powertrain systems and yellowmark out of which cat is the market focused category.

  • In December 2020, Caterpillar announced partnership with Guardhat to deliver expanded safety solutions for miners. Under this partnership, the company offered safety solutions through Cat dealers to surface mining operations. Also both the companies were developing a new system named as Cat Connected Worker to provide added protection for people. This will help the company to enhance their offerings and presence in the market.

The company has presence in America, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Perkins Engines (U.K), Progress Rail (U.S.), Caterpillar Japan (Japan), Caterpillar India Private ltd (India), Caterpillar Motoren GmbH & Co KG (Germany) among others.

ABB

ABB is headquartered in Zurich, Switzerland, and is founded in 1988. The company offers solutions based out on technology to the power grid, automation, electrification sector, and others. The business segments of the company include electrification products, robotics and automation, power grids, and industrial automation. The market focused business segment is industrial automation. The company offers products for industries and utilities categories, which include buildings and infrastructure, chemical, solar power, battery manufacturing, automotive, printing, pulp and paper, and others out of which mining is the market focused category. Some of the subsidiaries of the company include ABB Motors and Mechanical, ABB Australia, Cylon Controls, and among others. The company has presence in America, Asia-Pacific, Europe, Middle East and Africa.

  • In July 2020, ABB announced that they have been selected to partner with Nexa Resources, one of the key players in mining in Latin America to provide digital transformation program. Under this, ABB installed their ABB Ability System 800xA as part of a five-year agreement with Nixa Resources. This has helped the company to enhance their customer base in the market.

The company has presence in Asia-Pacific, Europe, Middle East and Africa, Latin America and North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as ABB Motors and Mechanical (U.S.), Cylon Controls (Ireland), GE Industrial Systems (U.S.), ABB Stotz-Kontakt (Germany) and ABB Australia (Australia) among others.