PUBLISHER: The Business Research Company | PRODUCT CODE: 1675533
PUBLISHER: The Business Research Company | PRODUCT CODE: 1675533
Green mining involves the use of technologies to reduce carbon emissions in mining operations and mitigate adverse environmental impacts.
The primary types of green mining are surface and underground. Surface green mining involves a method of extracting minerals near the surface of the Earth, encompassing strip mining and open-pit mining as the two principal types of surface mining. These green mining services incorporate various technology types, such as power reduction, emission reduction, water reduction, and others. Different applications, including mining and exploration geology, utilize green mining practices.
The green mining research report is one of a series of new reports from The Business Research Company that provides green mining statistics, including global market size, regional shares, competitors with green mining shares, detailed green mining segments, market trends and opportunities, and any further data you may need to thrive in the green mining industry. This green mining research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The green mining market size has grown strongly in recent years. It will grow from $10.57 billion in 2024 to $11.46 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to demand for sustainable resource, cost savings through efficiency, community and stakeholder expectations, water and energy efficiency, rehabilitation and restoration initiatives.
The green mining market size is expected to see strong growth in the next few years. It will grow to $14.81 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to circular economy in mining, innovation in mining equipment, eco-friendly materials processing, biodiversity conservation, responsible mineral sourcing initiatives. Major trends in the forecast period include zero-emission vehicles and technologies, blockchain for transparency and traceability, carbon capture and storage (CCS), collaboration for sustainable mining practices, advanced sensor technologies.
The green mining market is witnessing growth due to the increasing demand for surface mining techniques. Surface mining is preferred by mining companies for its cost-effectiveness and safety. The technique includes sub-types such as strip mining, open-pit mining, dredging, high-wall mining, and mountaintop removal. According to Intech Open, open-pit mining is favored for its higher productivity, lower production costs, and safer environment compared to underground mining. Therefore, the rising demand for surface mining techniques is a key driver of the green mining market.
The increasing energy consumption is propelling the growth of the green mining market in the coming years. Energy consumption refers to the total amount of energy used or expended over a specific timeframe, typically measured in units such as kilowatt-hours (kWh) or joules. Green mining promotes the use of renewable energy sources in energy consumption, aids in reducing greenhouse gas emissions, and incorporates waste heat recovery systems. For example, in September 2022, the Energy Information Administration, a US-based government agency, reported that the cumulative nameplate power capacity of active utility-scale battery energy storage systems (BESSs) in the US reached 8,842 MW, with a total energy capacity of 11,105 MWh in 2022. Most of this BESS capacity became operational in recent years, with approximately 4,807 MW installed in 2022 alone. Consequently, the rising energy consumption is driving the green mining market at a rapid pace.
Major players are dedicated to developing innovative solutions, including green energy accelerator platforms. A green energy accelerator platform is a specialized initiative or digital platform designed to accelerate the development, adoption, and scaling of green or renewable energy solutions. In November 2023, Fortescue Metals, an Australia-based green energy company, launched 'Fortescue Capital,' a green energy investment accelerator platform. This platform, developed as a fiduciary for third-party capital, offers a flexible funding approach with models customized for each project, contingent upon formal approval from the Fortescue board.
Major companies are forming partnerships to develop new products and strengthen their market positions. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits. For instance, in October 2023, UpLink, a Switzerland-based digital platform, partnered with Prospect Innovation, a Singapore-based metals and mining industry company, to explore sustainable mining solutions. This partnership aims to accelerate the green transition in the mining and metal sectors that are challenging to decarbonize, identifying and supporting early-stage green mining startups globally to create an innovation ecosystem fostering their growth and success.
In January 2022, JCHX Mining Construction Group Co., Ltd., a mining construction company based in China, acquired an 80% stake in Lubambe Copper Mine Ltd for $857 million. Through this acquisition, JCHX Mining Management seeks to bolster its position in the critical minerals market and expand its portfolio in a region abundant in essential resources for the global green energy transition. Lubambe Copper Mine Limited, based in Zambia, is an underground mining company that operates with a focus on green mining practices.
Major companies operating in the green mining market include Glencore plc, Jiangxi Copper Corporation, BHP Group Limited, Caterpillar Inc., Rio Tinto Group, Vale S.A., Anglo American plc, Tata Steel Ltd., Komatsu Ltd., Freeport-McMoRan Inc., Atlas Copco, Teck Resources Limited, Doosan Corporation, Sany Heavy Industry Co. Ltd., Newmont Corporation, Sandvik AB, MA'ADEN, Hitachi Construction Machinery Co. Ltd., First Quantum Minerals Ltd., Shandong Gold Mining Co. Ltd., Albemarle Corporation, Eramet SA, Saudi Arabian Mining Corporation, Lundin Mining Corporation, Liebherr Group, Dundee Precious Metals Inc., Battery Mineral Resources, Century Lithium, Metso Corporation, Outotec Oyj, FLSmidth & Co. A/S, Arena Minerals Inc.
Asia-Pacific was the largest region in the green mining market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the green mining market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the green mining market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The green mining market consist of sales of solar panels, wind power and others that utilizes minerals and metals which helps a transition to low-carbon technologies. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Green Mining Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on green mining market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for green mining ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The green mining market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.