Manufacturers are continuously innovating in order to reduce cost, while enhancing safety, profitability and efficiency

LONDON, Aug 13, 2013 /PRNewswire/ -- The demand for enhanced safety standards and energy-efficiency, together with technological improvements in monitoring and process control, will support growth in the European mining machinery market.

New analysis from Frost & Sullivan (http://www.frost.com/prod/servlet/svcg.pag/AEPT), Analysis of the European Mining Machinery Market, finds that the market earned revenues of $2815.2 million in 2011 and estimates this to reach $3374.8 million in 2016. The research covers underground mining, surface mining and mineral processing equipment.

"The escalating demand for base metals is set to promote sales of mining machinery equipment," noted Frost & Sullivan Industrial Automation and Process Control Research Analyst Raaj Thilak Raveendran. "Technology improvements will motivate new equipment acquisition, reinforcing revenue growth trends."

Machine manufacturers are continuously innovating in order to reduce cost while boosting mine site safety, profitability and efficiency for end users. Improved functionalities, including condition monitoring and predictive maintenance, will encourage mining companies to invest in new machines.

Source: Digital Journal - See full article