Technology Investment Priorities in Mining in Asia-Pacific 2016

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Aug 24, 2016, 02:54 ET

NEW YORK, Aug. 24, 2016 /PRNewswire/ -- Synopsis
Overall trends in the data revealed:

- Over 60% of mines have already invested in tire monitoring fleet management shift optimization energy management predictive maintenance and environmental monitoring technologies.

- The greatest increases in penetration over the last two years have been in real-time video training and environmental monitoring technologies.

- UAVs/drones currently have the lowest penetration of the technologies examined with only 17% of mines having invested to date however a significant increase is expected over the next two years.

- The commodity sector expected to have the greatest increase in technology penetration over the next 2 years is the precious metals sector whilst India offers the best opportunities for vendors as does the largest company segment with revenues greater than US$10 billion.

- Surpac is by far the most used software nominated by 29% of the mines. This was followed by Minex with 15% and MineScape with 10%.

Summary
This report provides a detailed analysis of investment intentions across different areas of technology in the Asia-pacific industry. The analysis is based upon Timetric's survey of over 110 mine general maintenance and procurement managers including other mine-site and corporate decision-makers. The focus is on what technologies mines currently have and in which technologies they are planning to invest over the next two years.

Areas of analysis include:

- Mining companies' intentions for investments in the coming two years across a range of mine-site technologies including UAVs/drones remote control/machine automation tire monitoring collision avoidance/proximity detection energy management and predictive maintenance.

- Comparisons of investment intentions across segments including four commodity groups three mine types five mine-size categories and company revenues.

- Comparison of the penetration of technologies in 2014 with current investment levels.

- Specific insight into the software platforms each mine site is using across five different mine departments outlining details of market leaders and their software products.

Scope
The report is based on responses from a survey of over 110 senior decision makers at operating mines in Asia-Pacific, responsible for the purchase of equipment for plant and mine operations, along with its consumables and services. Survey respondents came from 8 different countries including: India, Indonesia and the Philippines. This included four different commodity groups and a range of surface and underground mining operations.

Reasons To Buy
- Understand which technologies have and are attracting the most investment and how this varies by commodity group mine type and size global company revenue and country.

- Target the segments with the greatest opportunity for your technology products and services.

- Segment the market according to those fully invested and those planning to make new investments into each technology.

Key Highlights
- Over 60% of mines have already invested in tire monitoring fleet management shift optimization energy management predictive maintenance and environmental monitoring technologies.

- The greatest increases in penetration over the last two years have been in real-time video training and environmental monitoring technologies.

- The technologies with the greatest increases in penetration over the next two years are UAVs/drones and remote control equipment/machine automation with 40% and 39% respectively.

- UAVs/drones currently have the lowest penetration of the technologies examined with only 17% of mines having invested to date however a significant increase is expected over the next two years.

- The commodity sector expected to have the greatest increase in technology penetration over the next 2 years is the precious metals sector whilst India offers the best opportunities for vendors as does the largest company segment with revenues greater than US$10 billion.

- Surpac is by far the most used software nominated by 29% of the mines. This was followed by Minex with 15% and MineScape with 10%.
Read the full report: http://www.reportlinker.com/p04089269-summary/view-report.html

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