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Mine Ventilation Market by Offering (Equipment (Ventilation, Heating, Cooling), Software, and Services), Technique (Underground Mining, Surface Mining), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2024

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Date: 16-Dec-2019
No. of pages: 144
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“Mine ventilation market to exhibit significant growth during 2019–2024”

The global mine ventilation market size is estimated to grow from USD 326 million in 2019 to USD 401 million by 2024 at a CAGR of 4.3%. The key factors driving the growth of the market include the requirement for optimized and quality airflow in mines and a rise in number of infrastructure development projects. However, depletion of natural resources and electrification of mine equipment and machinery is restraining the market growth.

“Equipment to lead overall mine ventilation market during forecast period”

Productivity and safety are the main priorities of any mine operator. Equipment such as fans, air coolers, and heaters are contributing to the growth of the market. These equipment are used in mines for maintaining safe and comfortable working conditions for the miners.

“Underground mining market to grow at highest CAGR during forecast period “

An underground mining technique is used to extract the mineral and ore deposits, which are buried deep under the earth’s crust. The primary objective of operating an underground mine is to extract the maximum amount of ore with a minimum tailing. However, underground mining is considered more dangerous than surface mining due to potential dangers such as the adverse health effects, collapse, and the release of toxic gases and the lack of proper ventilation, which results in suffocation. Thus, mine ventilation systems are required to provide a flow of air to the underground workings of a mine in sufficient volume to dilute and remove dust and noxious gases; and regulate temperature.

“Asia Pacific to be largest and fastest-growing mine ventilation market during forecast period”

The region has abundant natural reserves in the form of iron ore, copper, gold, silver, zinc, and magnesium. Australia, China, and India are the major countries wherein mining is done. The region has witnessed growth in mining operations due to increasing demand for raw materials from various manufacturing industries. With the growing mining operations, the mine operating companies have increased demand for mine ventilation systems in APAC.

Profile break-up of primary participants for the report is given below:


  • By Company Type –Tier 1 = 20%, Tier 2 = 55%, and Tier 3 = 25%

  • By Designation – C-Level = 50%, Director Level = 25%, and Manager Level = 25%

  • By Region– North America= 30%, APAC= 40%, Europe= 20%, and RoW = 10%


The key players in the market include ABB (Switzerland), Epiroc (Sweden), Howden (UK), Stantec (Canada), Twin City Fan (US), ABC Industries (US), Chicago Blowers (US), DMT (Germany), TLT Turbo (Germany), and New York Blower Company (US).

The global mine ventilation market is segmented into offering, technique, and geography. The market based on offering is segmented into equipment, services, and software. The equipment has been further split into ventilation, heating, and cooling. Based on techniques, the market has been split into underground mining and surface mining. The market is segmented into 4regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Reasons to buy the report:


  • Illustrative segmentation, analysis, and forecast for markets based on offering, technique, and region have been conducted to give an overall view of the mine ventilation market.

  • The value chain analysis has been performed to provide an in-depth insight into the mine ventilation.

  • Major drivers, restraints, opportunities, and challenges for the mine ventilation market have been detailed in this report.

  • The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenue of key players.

Mine Ventilation Market by Offering (Equipment (Ventilation, Heating, Cooling), Software, and Services), Technique (Underground Mining, Surface Mining), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition and Scope
1.3 Inclusions and Exclusions
1.4 Study Scope
1.4.1 Markets Covered
1.4.2 Years Considered
1.5 Currency
1.6 Limitations
1.7 Market Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size Using Bottom-Up Analysis
2.2.2 Top-Down Approach
2.2.2.1 Approach for Arriving at Market Size Using Bottom-Up Analysis
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Mine Ventilation Market, 2019–2024 (USD Million)
4.2 Market, By Offering
4.3 Mine Ventilation Equipment Market, By Type
4.4 Market, By Technique and Region
4.5 Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.3.1.1 Requirement for Optimized and Quality Airflow in Mines
5.3.1.2 Rise in Number of Infrastructure Development Projects
5.4 Restraints
5.4.1.1 Depletion of Natural Resources
5.4.1.2 Electrification of Mine Equipment and Machinery
5.5 Opportunities
5.5.1.1 Rise in Number of Planned Mining Activities Worldwide
5.7 Challenges
5.7.1.1 Revised Trade Agreements and Continuous Changes in Environmental Regulations That Impact Mining Industry Globally
5.7.1.2 High Operational Costs Mine Ventilation Systems
5.8 Value Chain Analysis

6 Mine Ventilation Market, By Equipment
6.1 Introduction
6.2 Equipment
6.2.1 Safe and Comfortable Working Conditions for Miners Require Efficient Mine Ventilation Equipment
6.2.2 Ventilation
6.2.2.1 Ventilation Equipment to Grow at the Highest CAGR During Forecast Period
6.2.2.2 Fans
6.2.2.3 Compressors
6.2.2.4 Blowers
6.2.3 Cooling
6.2.3.1 Air Coolers Market to Grow at Highest Rate Between 2019 and 2024
6.2.3.2 Air Coolers
6.2.3.3 Refrigerating Units
6.2.4 Heating
6.2.4.1 Heater to Hold Largest Share of Heating Equipment Market
6.2.4.2 Heaters
6.2.4.3 Heat Exchangers
6.3 Software
6.3.1 Software Help to Accurately Model Ventilation System and Improve Safety and Efficiency of Mines
6.4 Services
6.4.1 Services to Grow at the Highest Rate During Forecast Period

7 Mine Ventilation Market, By Technique
7.1 Introduction
7.2 Underground Mining
7.2.1 Underground Mining Segment Projected to Lead Market From 2019 to 2024
7.3 Surface Mining
7.3.1 Services Segment of Market for Surface Mining Projected to Grow at the Highest CAGR From 2019 to 2024

8 Geographic Analysis
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 Increasing Mining Activities to Grow the Market in US
8.2.2 Canada
8.2.2.1 Increasing Mining Operations to Grow Demand for Mine Ventilation in Canada
8.2.3 Mexico
8.2.3.1 Rising Foreign Direct Investments in Mining Industry to Upsurge Demand for Mine Ventilation Systems in Mexico
8.3 Europe
8.3.1 Russia
8.3.1.1 New Discoveries for Deposits of Gold to Boost the Mining Industry in Russia
8.3.2 Germany
8.3.2.1 New Partnerships in Mining Industry to Boost the Market
8.3.3 Norway
8.3.3.1 Upcoming Mining Activities to Boost the Market
8.3.4 Rest of Europe
8.3.4.1 Increased Mining Activities in the Region to Grow the Market for Mine Ventilation
8.4 Asia Pacific
8.4.1 China
8.4.1.1 China to Be Leading Market in APAC Mine Ventilation Market
8.4.2 Australia
8.4.2.1 Upcoming Mining Activities to Boost the Market in Australia
8.4.3 India
8.4.3.1 Growing Mining Activities to Create Demand for Mine Ventilation in India
8.4.4 Rest of APAC
8.4.4.1 Growing Mining Industry in Indonesia to Drive the Market for Mine Ventilation
8.5 RoW
8.5.1 South America
8.5.1.1 Increasing Mining Investments in South America to Grow Demand for Market
8.5.2 Middle East
8.5.2.1 Metal Production Projects to Drive the Market in Middle East
8.5.3 Africa
8.5.3.1 Mining Opportunities to Drive the Market for Mine Ventilation

9 Competitive Landscape
9.1 Overview
9.2 Ranking of Players in Market
9.3 Microquadrants Overview
9.3.1 Visionaries
9.3.2 Dynamic Differentiators
9.3.3 Innovators
9.3.4 Emerging Companies
9.5 Competitive Situations & Trends
9.5.1 Product Launches

10 Company Profiles
10.1 Key Players
10.1.1 ABB
10.1.1.1 Business Overview
10.1.1.2 Products Offered
10.1.1.3 Recent Developments
10.1.1.4 SWOT Analysis
10.1.2 Epiroc
10.1.2.1 Business Overview
10.1.2.2 Products Offered
10.1.2.3 Recent Developments
10.1.2.4 SWOT Analysis
10.1.3 Howden
10.1.3.1 Business Overview
10.1.3.2 Products and Services Offered
10.1.3.3 Recent Developments
10.1.3.4 SWOT Analysis
10.1.4 Stantec
10.1.4.1 Business Overview
10.1.4.2 Products and Services Offered
10.1.4.3 SWOT Analysis
10.1.5 Twin City Fan
10.1.5.1 Business Overview
10.1.5.2 Products Offered
10.1.5.3 SWOT Analysis
10.1.6 ABC Industries
10.1.6.1 Business Overview
10.1.6.2 Products and Services Offered
10.1.7 Chicago Blowers
10.1.7.1 Business Overview
10.1.7.2 Products Offered
10.1.8 DMT
10.1.8.1 Business Overview
10.1.8.2 Services Offered
10.1.9 TLT Turbo
10.1.9.1 Business Overview
10.1.9.2 Product Offered
10.1.9.3 Recent Developments
10.1.10 New York Blower Company
10.1.10.1 Business Overview
10.1.10.2 Products Offered
10.1.11 Zitron
10.1.11.1 Business Overview
10.1.11.2 Products and Services Offered
10.1.11.3 Recent Developments
10.2 Right to Win
10.3 Other Companies
10.3.1 GEFA System
10.3.2 Hurley Ventilation
10.3.3 Sibenergomash
10.3.4 BBE Consulting
10.3.5 Schauenburg Industries
10.3.6 Stiavelli
10.3.7 ABC Ventilation Systems
10.3.8 Clempcorp Australia
10.3.9 Minetek
10.3.10 Zibo Fans

11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.4 Available Customizations
11.5 Related Reports

List of Tables

Table 1 Mine Ventilation Market, By Offering, 2016–2024 (USD Million)
Table 2 Market for Equipment, By Type, 2016–2024 (USD Million)
Table 3 Market for Equipment, By Technique, 2016–2024 (USD Million)
Table 4 Market for Equipment, By Region, 2016–2024 (USD Million)
Table 5 Market for Ventilation Equipment, By Type, 2016–2024 (USD Million)
Table 6 Market for Ventilation Equipment, By Technique, 2016–2024 (USD Million)
Table 7 Market for Ventilation Equipment, By Region, 2016–2024 (USD Million)
Table 8 Market for Cooling Equipment, By Type, 2016–2024 (USD Million)
Table 9 Market for Cooling Equipment, By Technique, 2016–2024 (USD Million)
Table 10 Market for Cooling Equipment, By Region, 2016–2024 (USD Million)
Table 11 Direct vs Indirect Air Heaters
Table 12 Market for Heating Equipment, By Type, 2016–2024 (USD Million)
Table 13 Market for Heating Equipment, By Technique, 2016–2024 (USD Million)
Table 14 Market for Heating Equipment, By Region, 2016–2024 (USD Million)
Table 15 Market for Software, By Technique, 2016–2024 (USD Million)
Table 16 Market for Software, By Region, 2016–2024 (USD Million)
Table 17 Market for Services, By Technique, 2016–2024 (USD Million)
Table 18 Market for Services, By Region, 2016–2024 (USD Million)
Table 19 Market, By Technique, 2016–2024 (USD Million)
Table 20 Mine Ventilation Market for Underground Mining, By Offering, 2016–2024 (USD Million)
Table 21 Mine Ventilation Equipment Market for Underground Mining, By Type, 2016–2024 (USD Million)
Table 22 Market for Underground Mining, By Region, 2016–2024 (USD Million)
Table 23 Market for Surface Mining, By Offering, 2016–2024 (USD Million)
Table 24 Mine Ventilation Equipment Market for Surface Mining, By Type, 2016–2024 (USD Million)
Table 25 Market for Surface Mining, By Region, 2016–2024 (USD Million)
Table 26 Market, By Region, 2016–2024 (USD Million)
Table 27 Market in North America, By Country, 2016–2024 (USD Million)
Table 28 Market in North America, By Offering, 2016–2024 (USD Million)
Table 29 Mine Ventilation Equipment Market in North America, By Type, 2016–2024 (USD Million)
Table 30 Market in North America, By Technique, 2016–2024 (USD Million)
Table 31 Production of Mineral Raw Materials in US (Tonne)
Table 32 Market in Us, By Offering, 2016–2024 (USD Million)
Table 33 Mine Ventilation Equipment Market in Us, By Type, 2016–2024 (USD Million)
Table 34 Market in Us, By Technique, 2016–2024 (USD Million)
Table 35 Production of Mineral Raw Materials in Canada (Tonne)
Table 36 Market in Canada, By Offering, 2016–2024 (USD Million)
Table 37 Mine Ventilation Equipment Market in Canada, By Type, 2016–2024 (USD Million)
Table 38 Market in Canada, By Technique, 2016–2024 (USD Million)
Table 39 Production of Mineral Raw Materials in Mexico (Tonne)
Table 40 Market in Mexico, By Offering, 2016–2024 (USD Million)
Table 41 Mine Ventilation Equipment Market in Mexico, By Type, 2016–2024 (USD Thousands)
Table 42 Market in Mexico, By Technique, 2016–2024 (USD Million)
Table 43 Market in Europe, By Country, 2016–2024 (USD Million)
Table 44 Mine Ventilation Market in Europe, By Offering, 2016–2024 (USD Million)
Table 45 Mine Ventilation Equipment Market in Europe, By Type, 2016–2024 (USD Million)
Table 46 Market in Europe, By Technique, 2016–2024 (USD Million)
Table 47 Production of Mineral Raw Materials in Russia (Tonne)
Table 48 Market in Russia, By Offering, 2016–2024 (USD Million)
Table 49 Mine Ventilation Equipment Market in Russia, By Type, 2016–2024 (USD Million)
Table 50 Market in Russia, By Technique, 2016–2024 (USD Million)
Table 51 Production of Mineral Raw Materials in Germany (Tonne)
Table 52 Market in Germany, By Offering, 2016–2024 (USD Thousand)
Table 53 Mine Ventilation Equipment Market in Germany, By Type, 2016–2024 (USD Thousand)
Table 54 Market in Germany, By Technique, 2016–2024 (USD Million)
Table 55 Production of Mineral Raw Materials in Norway (Tonne)
Table 56 Market in Norway, By Offering, 2016–2024 (USD Thousand)
Table 57 Mine Ventilation Equipment Market in Norway, By Type, 2016–2024 (USD Thousand)
Table 58 Market in Norway, By Technique, 2016–2024 (USD Thousand)
Table 59 Production of Mineral Raw Materials in Rest of European Countries (Tonne)
Table 60 Market in Rest of Europe, By Offering, 2016–2024 (USD Thousand)
Table 61 Mine Ventilation Equipment Market in Rest of Europe, By Type, 2016–2024 (USD Thousand)
Table 62 Market in Rest of Europe, By Technique, 2016–2024 (USD Thousand)
Table 63 Market in APAC, By Country, 2016–2024 (USD Million)
Table 64 Market in APAC, By Offering, 2016–2024 (USD Million)
Table 65 Market in APAC, By Type, 2016–2024 (USD Million)
Table 66 Market in APAC, By Technique, 2016–2024 (USD Million)
Table 67 Production of Mineral Raw Materials in China (Tonne)
Table 68 Market in China, By Offering, 2016–2024 (USD Million)
Table 69 Mine Ventilation Equipment Market in China, By Type, 2016–2024 (USD Million)
Table 70 Market in China, By Technique, 2016–2024 (USD Million)
Table 71 Production of Mineral Raw Materials in Australia (Tonne)
Table 72 Market in Australia, By Offering, 2016–2024 (USD Million)
Table 73 Mine Ventilation Equipment Market in Australia, By Type, 2016–2024 (USD Million)
Table 74 Market in Australia, By Technique, 2016–2024 (USD Million)
Table 75 Production of Mineral Raw Materials in India (Tonne)
Table 76 Market in India, By Offering, 2016–2024 (USD Million)
Table 77 Mine Ventilation Equipment Market in India, By Type, 2016–2024 (USD Million)
Table 78 Market in India, By Technique, 2016–2024 (USD Million)
Table 79 Production of Mineral Raw Materials in Rest of APAC Countries (Tonne)
Table 80 Market in Rest of APAC, By Offering, 2016–2024 (USD Million)
Table 81 Mine Ventilation Equipment Market in Rest of APAC, By Type, 2016–2024 (USD Million)
Table 82 Market in Rest of APAC, By Technique, 2016–2024 (USD Million)
Table 83 Mine Ventilation Market in RoW, By Country, 2016–2024 (USD Million)
Table 84 Market in RoW, By Offering, 2016–2024 (USD Million)
Table 85 Mine Ventilation Equipment Market in RoW, By Type, 2016–2024 (USD Million)
Table 86 Market in RoW, By Technique, 2016–2024 (USD Million)
Table 87 Production of Mineral Raw Materials in South America (Tonne)
Table 88 Market in South America, By Country, 2016–2024 (USD Thousand)
Table 89 Market in South America, By Offering, 2016–2024 (USD Million)
Table 90 Mine Ventilation Equipment Market in South America, By Type, 2016–2024 (USD Thousand)
Table 91 Market in South America, By Technique, 2016–2024 (USD Thousand)
Table 92 Production of Mineral Raw Materials of Middle East (Tonne)
Table 93 Market in Middle East, By Country, 2016–2024 (USD Million)
Table 94 Market in Middle East, By Offering, 2016–2024 (USD Million)
Table 95 Mine Ventilation Equipment Market in Middle East, By Type, 2016–2024 (USD Million)
Table 96 Market in Middle East, By Technique, 2016–2024 (USD Million)
Table 97 Production of Mineral Raw Materials in Africa (Tonne)
Table 98 Market in Africa, By Country, 2016–2024 (USD Thousand)
Table 99 Market in Africa, By Offering, 2016–2024 (USD Million)
Table 100 Mine Ventilation Equipment Market in Africa, By Type, 2016–2024 (USD Thousand)
Table 101 Market in Africa, By Technique, 2016–2024 (USD Million)
Table 102 Product Launches, 2017–2019
Table 103 Contracts & Agreements, Mergers & Acquisitions, and Collaborations, 2017–2019

List of Figures

Figure 1 Mine Ventilation Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Assumption for Research Study
Figure 6 Market Segmentation
Figure 7 Equipment Segment Accounted for the Largest Share of Market in 2018
Figure 8 Ventilation Segment Accounted for the Largest Share of Mine Ventilation Equipment Market in 2018
Figure 9 Underground Mining Segment Accounted for A Larger Share of Market in 2018 Than Surface Mining Segment
Figure 10 Mine Ventilation Market in APAC Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 11 Growing Infrastructure Developments to Boost Market
Figure 12 Equipment Segment to Account for the Largest Size of Market From 2019 to 2024
Figure 13 Ventilation Segment to Hold the Largest Size of Mine Ventilation Equipment Market From 2019 to 2024
Figure 14 Underground Mining Segment and APAC Accounted for the Largest Shares in Market in 2018
Figure 15 China Estimated to Hold the Largest Share of Market in 2019
Figure 16 Market Dynamics
Figure 17 Drivers for Market and Their Impact
Figure 18 Restraints for Market and Their Impact
Figure 19 Opportunities for Mine Ventilation Market and Their Impact
Figure 20 Challenges for Market and Their Impact
Figure 21 Value Chain Analysis: Market
Figure 22 Market, By Offering
Figure 23 Equipment to Lead the Market During Forecast Period
Figure 24 Market, By Technique
Figure 25 Underground Mining Segment Expected to Lead Market From 2019 to 2024
Figure 26 Australia to Register Highest CAGR in Overall Market During Forecast Period
Figure 27 North America: Market Snapshot
Figure 28 Europe: Market Snapshot
Figure 29 APAC: Market Snapshot
Figure 30 RoW: Market Snapshot
Figure 31 Product Launches Emerged as A Key Growth Strategy Adopted By Players in Market From 2017 to 2019
Figure 32 Ranking of Top 5 Players in Market, 2018
Figure 33 Market (Global) Competitive Leadership Mapping, 2019
Figure 34 Product Launches Was the Key Strategy Adopted From 2017 to 2019
Figure 35 ABB: Company Snapshot
Figure 36 ABB: SWOT Analysis
Figure 37 Epiroc: Company Snapshot
Figure 38 Howden: Company Snapshot
Figure 39 Stantec: Company Snapshot
Figure 40 Twin City Fan: Company Snapshot
Figure 41 ABC Industries: Company Snapshot
Figure 42 Chicago Blowers: Company Snapshot
Figure 43 DMT: Company Snapshot
Figure 44 TLT Turbo: Company Snapshot
Figure 45 New York Blower Company: Company Snapshot
Figure 46 Zitron: Company Snapshot

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