Investment Remains Strong in a Challenging Environment
The Automation Expenditures in Mining and Metals Worldwide Outlook examines the market for automation systems, instrumentation, and operational software in the mining of minerals through the production of metals.
This growth trend in the mining and metals industry that spurred demand for automation, instrumentation, and operational software came to a halt in the last quarter of 2008. The cause was the now well known global financial crisis that led to a global recession, the likes of which had not been seen for over 30 years.
Demand for minerals and metals over the long term, however will drive growth in capital investments and automation expenditures in the global industry.
Leading global mining and metals companies understand that, though it may seem counterintuitive in light of the current economic downturn, it�s important not to under-invest. Certainly, capital outlays are required to maintain production levels at existing mining sites as well as metals processing facilities.
Large investments seen prior to the current down turn have been postponed, but will have to be made to keep up with global demand for minerals and metals in the future. Over the long term, demand will rise, particularly in developing regions.
Strategic Issues
This study provides strategic market information and guidance for automation systems, instrumentation, and operational software to the worldwide mining and metals marketplace. In addition to quantitative assessments, the study also identifies key strategic issues that will have a future impact on this market:
- Market potential and size for automation systems and field devices
- Leading suppliers in this vertical industry sector
- Market size in various world regions
- Strategies for suppliers and manufacturers in the worldwide mining and metals industry to maximize opportunities in a dynamic energy market
