Sorting Machines for Mining Market Size & Share, by Type (Chute Type, Celt Type); Sorting Type (Bulk Sorting, Particle Sorting); Technology (Laser Sorters, X-Ray Transmission, Color Based, Near Infrared, XRF, LIBS Technology, Others); Processing Capacity (Up to 15 Ton/hr, 150 to 250 Ton/hr, 250 to 350 Ton/hr, above 350 Ton/hr); Application (Metallic, Nonmetallic); Distribution Channel (Direct, Indirect) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5872
  • Published Date: Mar 11, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Sorting Machines for Mining Market size is expected to reach USD 5 billion by the end of 2036, growing at a CAGR of over 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of sorting machines for mining was approximately USD 1 billion. The major element to influences the market expansion is the growing demand for minerals. For instance, by 2030, the demand for critical minerals is projected to rise by over 3 times in the world. Therefore, the market demand for sorting machines for mining is projected to rise.

Furthermore, techniques for sorting materials based on sensors have the potential to decrease the quantity of waste material processed and enhance ore grades. Prior research indicates that sensor-based sorting, which discards waste before further processing, may reduce energy, water, and reagent usage as well as the formation of fine debris. Additionally, the implementation of this automatic sorting method was also prompted by growing labor expenses, which rendered manual sorting unfeasible. Moreover, diamond mines were among the major early users of sensor-based sorting technology due to their desire for increased security with fewer personnel handling the ore. As a result, these factors are also poised to dominate the sorting machines for mining market expansion over the years to come. 


Sorting Machines for Mining Market
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Sorting Machines for Mining Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Scarcity of Minerals - The population of the world the expanding at a faster rate. On November 15, 2022, the global population surpassed 8 billion people. There have been 2.1 billion more people on the earth in the last 25 years, a rise of one third. By 2050, there will likely be a fifth more human being on the planet, or little under 10 billion. This has played a significant role in quickening the resource depletion process. The population grows, increasing the need for the materials and environments needed to support it. As a result, the utilization of sorting machines for mining is set to rise.
  • Rising Adoption of AI in Sensor Based Sorting Machines-Some of the researchers claimed that the data generated by senor-based sorting was inaccurate. Hence, the industry for sensor-based sorting machines for mining is experiencing developments including the incorporation of machine learning (ML) and artificial intelligence (AI) algorithms to improve the speed and accuracy of sorting. Improved performance and fewer operational errors are the outcome of the machines' constant learning and adaptation to novel sorting patterns made possible by this integration.
  • Surging Mining Activities- For millennia, mining has been a fundamental aspect of human civilization, offering vital raw minerals for many businesses. Several regions of the world have seen notable expansion and change in the mining industry in recent years. Furthermore, in order to produce houses and roads, cars and hospitals, computers and satellites, power, and a host of other products and services that consumers take pleasure in, mined resources must be used. Furthermore, mining has a significant economic impact on developing nations and areas. In addition to paying taxes for public buildings like hospitals and schools, it also creates jobs and pays rewards. As a result, the importance of the mining industry is growing which in turn is projected to boost the sorting machines for mining market revenue for sensor-based sorting machines for mining over the coming years.

Challenges

  • High Price of Sorting Machines for Mining
  • Surging Threat of Cyber Attack - Sensors are finding the Industrial Internet of Things (IIoT) to be a double-edged sword. The connectivity it offers makes their installation easier and the distribution of the data obtained more efficient. However, the IIoT has also made it simpler for hackers to infiltrate industrial networks and cause havoc by using sensors. The fact that the majority of sensors and other intelligent gadgets were not made with cybersecurity considerations is another reason why hackers have started to show interest in them. Furthermore, they are made to gather and transmit data throughout a network. These devices include vulnerabilities that could allow hackers to take control of a session, alter data, or change data gathering habits in a way that could lead to consumer deception.
  • Requires High Investment  

Sorting Machines for Mining Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~ USD 1 Billion

Forecast Year Market Size (2036)

~ USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Sorting Machines for Mining Segmentation

Technology (Laser Sorters, X-Ray Transmission, Color Based, Near Infrared, XRF, LIBS Technology, Others)

The laser sorters segment is predicted to account for 30% share of the global sorting machines for mining market during the forecast period. Minerals are currently recognized and separated that were unable to be distinguished by previous technologies including color sorting, X-ray transmission, or near-infrared sensors. By defining and using more sorting criteria, an individual may sort with considerably more precision thanks to the new ore sorting technology. The laser identification technique comprises of a multi-channel laser scanning system with high-resolution imaging and advanced color and textural selectivity. Numerous material properties, including color, brightness, size, shape, and surface roughness, are processed all at once.

Application (Metallic, Nonmetallic)

The nonmetallic segment is predicted to account for 60% share of the global sorting machines for mining market by 2036. Stone, sand, rock, and similar materials are extracted from natural sources through the process of nonmetallic mining. Further, the manufacturing of cement, ceramics, glass, and lime products is the most well-known use of nonmetallic minerals. As a result, there is a wide range of applications, including dinnerware, ornamental items, sanitary equipment, and building materials. Hence, with the growth in industrial activities including construction, the segment is estimated to surge. For instance, approximately 794,431 built-up areas (BUAs) were purportedly established worldwide in 2016. There are projected to be nearly 849,406 people living there by 2022, according to projections. Furthermore, by 2050, another 2 million buildings are anticipated to be built. Therefore, the demand for non-metallic minerals is set to rise. Hence, the demands of non-metallic mining operations are satisfied by sorting machines with cutting-edge sensor technologies, as industries place an increasing emphasis on effective material handling. These devices improve the accuracy of separating precious minerals from non-metallic materials, hence streamlining production procedures.

Our in-depth analysis of the global sorting machines for mining market includes the following segments:

     Type

  • Chute Type
  • Celt Type

     Sorting Type

  • Bulk Sorting
  • Particle Sorting

     Technology

  • Laser Sorters
  • X-Ray Transmission
  • Color Based
  • Near Infrared
  • XRF
  • LIBS Technology
  • Others

     Processing Capacity

  • Up to 15 Ton/hr
  • 150 to 250 Ton/hr
  • 250 to 350 Ton/hr
  • Above 350 Ton/hr

     Application

  • Metallic
  • Nonmetallic

     Distribution Channel

  • Direct
  • Indirect

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Sorting Machines for Mining Industry - Regional Synopsis

North American Market Forecasts

Sorting Machines for Mining Market in North America region is set to gather the highest revenue share of about 35% during the forecast period. This growth of the market in this region is set to be influenced by growing strict regulations of the government to eradicate the emission. For instance, the Department of Interior and the Biden Administration established a new interagency working group (dubbed the "IWG") on February 2, 2022, with the goal of overhauling the country's hard rock mining laws, rules, and permitting procedures. The working group was established to assist President Biden in advancing environmentally conscious policies and the ethical extraction of vital minerals. Moreover, this region is also experiencing growth in investment in technological advancement which is also predicted to dominate the sorting machines for mining market expansion in this region. 

APAC Market Analysis

Sorting machines for mining market in Asia Pacific region is also set to have notable growth in the revenue during the forecast period. Over the past 20 years, Asia Pacific has redefined the world's demand for minerals, and it will continue to shape that demand in the coming decades. Furthermore, growing demand for electric vehicles is also estimated to influence the market expansion in this region. This is since, compared to gas-powered vehicles, electric cars demand over 172 kg more minerals including lithium, nickel, and copper. As a result, the extraction activities is predicted to rise further encouraging market growth in this region.  

Research Nester
Sorting Machines for Mining Market Size
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Top Featured Companies Dominating the Sorting Machines for Mining

top-features-companies
    • TOMRA Systems ASA
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • OfReg
    • Steinert GmbH
    • REDWAVE
    • SSI Schaefer
    • Metso
    • WipWare Inc.
    • JOEST Inc.
    • Minscan Technologies, Inc.
    • Sesotec GmbH

In-the-news

In The News

  • The cloud-based data platform TOMRA Insight, which helps users of sorting machines increase operational efficiencies, is expanding to other industries. After being successfully launched by TOMRA Sorting Recycling last year, TOMRA Insight is now being made available to clients of TOMRA Mining and TOMRA Food. New features and functionalities have been added to the platform to improve it for all three of these industries.
  • In order to test petrol, diesel, petrol blended with ethanol and jet fuel, the Utility Regulation and Competition Office (or "OfReg") recently purchased a portable fuel analyzer. This acquisition reduced the necessity for OfReg to export fuel samples to foreign laboratories and allowed OfReg to conduct internal fuel testing and analysis.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5872
  • Published Date: Mar 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing scarcity of minerals, rising adoption of AI in sensor-based sorting machines, and surging mining activities.

The market size of sorting machines for mining is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are TOMRA Systems ASA, OfReg, Steinert GmbH, REDWAVE, and others.

The nonmetallic segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Sorting Machines for Mining Market Report Scope
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