Lewes, DE -- (SBWire) -- 03/26/2015 --Report forecast the Mining Ventilation System market in China to grow at a CAGR of 12.06 percent over the period 2014-2019.
Mining ventilation systems are used for circulation of adequate quantity and quality of air in mines. These systems include fans, airways, control devices to direct or restrict air flow, cool and filter the air, and systems for monitoring air quality and quantity. They are used more in closed mines than in open mines. There are two main types: main ventilator system and local ventilator system.
This report covers the present scenario and the growth prospects of the Mining Ventilation market in China during the period 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue obtained from the sales of mining ventilation products.
According to the report, increased demand from the Cement industry predominantly drives the market. As the production of cement depends on coal, a rise in the demand for cement increases the demand for coal. Consequently, new mines are being explored, which will drive the market for ventilation systems.
Further, the report states that one of the major challenges faced by the market is the low requirement for replacements. The growth of mining ventilation depends on the opening of new mines. Obtaining government approvals for new mining projects owing to environmental concerns poses a challenge to market growth.
Mining Ventilation System Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Mining Ventilation System market landscape in China and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key players in the Mining Ventilation System Market in China: Hubei Pingan Electric Material Co. Ltd, Shanxi Coal Ke Wan Yu Fan Co. Ltd and Zibo Fan Co. Ltd
Other Prominent Vendors in the market are: Liang Herng Elec Mach, Shandong China Coal Industrial & Mining Supplies and Shenzhen Ambeyond Technology.
Market Driver
- Increased Demand from Cement Industry
- For a full, detailed list, view our report
Market Challenge
- Low Requirement for Replacements
- For a full, detailed list, view our report
Market Trend
- Ventilation on Demand
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 58 pages "Mining Ventilation System Market in China 2015-2019" report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Industry Overview, Mining Industry in China, Market Landscape, Market Segmentation by Product, Market Segmentation by End-user, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/mining-ventilation-system-market-china-2015-2019
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