The importance of improving productivity and reducing downtime is expected to lead to a large share of miners investing in predictive maintenance for mobile equipment in the next two years.
GlobalData’s latest mine-site survey, conducted between February and April 2023, revealed that while 68% had made at least moderate investments into predictive maintenance for mobile equipment globally, 40% of miners surveyed expected to either invest in the technology for the first time or invest further in the coming two years. This was marginally ahead of those expecting to invest in mine management software (39%), and investment expectations were slightly higher for small and mid-tier miners (46%) compared with majors (38%).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
Comparing the different regions, a very high share of Australasian respondents (74%) expects to invest in predictive maintenance for mobile equipment in the coming two years, followed by 37% of respondents from both Africa and the Americas, and 36% of respondents from Europe and the Middle East. At present the Australian respondents also considered themselves to have progressed the most with regards to their investment, with 12% saying they had fully implemented the technology, 53% saying they had made considerable investment and 18% moderate investment. This collective 83% compares with 67% from the 2020 survey who considered themselves to have made at least moderate investment in predictive maintenance for equipment at that time.
Overall predictive maintenance for mobile equipment ranked sixth globally in terms of the overall degree to which mines had invested. The areas where miners had invested to the greatest extent were mining planning and management software, mine communications systems and predictive maintenance for plant.
The importance of improving productivity and reducing downtime is expected to lead to a large share of miners investing in predictive maintenance for mobile equipment in the next two years.
