The Resource Extraction and Processing industry, encompassing sub-industries such as Mining and Chemicals, is a vital sector driving global economic growth. The global mining market is projected to reach $2.5 trillion by 2025, growing at a CAGR of 4.5%, driven by increased demand for minerals and metals. Similarly, the global chemicals market is expected to grow to $5.9 trillion by 2027, with a CAGR of 5.4%, fueled by the rising need for specialty chemicals and sustainable solutions.
23%
Drones are being extensively used in the mining industry to map out sites, track incidents, and generate real-time data on the status and progress of the mines. This has resulted in better employee management and a reduction in project delays.
33%
Discover the essential IoT devices used by mining companies for their daily operations and learn how these advanced tools can significantly impact your mining operations.
30%
Mining companies are leveraging Gen AI to boost efficiency and output by 30%. By optimizing workers' time allocation to specific mine areas and dedicating additional resources to exploration, Gen AI provides statistical insights that enhance mining yields in targeted zones.
