According to a new research report by Global Market Insights (GMI), the mining equipment market is expected to exceed $95 billion by 2024. The shipments, which also include equipment for metal/nonmetal mining, are expected to grow at a compound annual growth rate (CAGR) of more than 6% from 2018 to 2024. A large part of the growth is expected to come from rising demand for remote monitoring and control technologies.
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