Global Mining Laboratory Automation Solutions Market 2016-2020
About Mining Laboratory Automation Solutions
The automation of laboratory functions in the mining industry reduces the requirement of human labor in the work environment, reducing human errors. Automation not only lowers errors but also improves efficiency and accuracy in most cases. Analytical instrument manufacturers have started providing complete analytical solutions instead of just instruments. Hyphenation, the combination of one or more functions into a single container, is another trend that vendors have started to address. It often requires two or more individual instruments to be built under a single casing so that they can work in tandem.
Technavio’s analysts forecast the global mining laboratory automation solutions market to grow at a CAGR of 0.15% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global mining laboratory automation solutions market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales of hardware and software licenses, upgrades of existing solutions, and maintenance and services for calculating laboratory automation solutions market value in the mining industry.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Mining Laboratory Automation Solutions Market 2016-2020
Technavio recognizes the following companies as the key players in the global mining laboratory automation solutions market: Bruker, FLSmidth, Thermo Fisher Scientific, and ROCKLABS.
Other prominent vendors in the market are: Datech Scientific Limited, GE Energy, Hach, Intertek, JEOL, Shimadzu, ThyssenKrupp, and Waters.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is outsourcing of mining laboratory functions to commercial laboratories. Earlier, large mining houses used to have centralized laboratories for exploration samples, with each mine having a specific laboratory to meet only that mine's requirements. The centralized laboratory used to maintain QC functions at the subsidiary laboratories. However, there is a strong trend of outsourcing all geological analytical requirements, particularly in exploration and mining, carried out at commercial analytical laboratories. Outsourcing of the laboratory functions enables the mining companies to assign capital and staff more efficiently and concentrate on core competencies. The impartiality of the third party ensures that the results are transparent and meet the regulatory requirements.”
According to the report, one of the primary drivers in the market is inefficiencies in conventional analytical mining laboratory. In a traditional mining analytical laboratory, all the sand samples are manually logged on arrival at the lab and all the sample preparation analysis steps are processed manually. These include splitting and weighing steps, between-sample cleaning processes, pressed powder pellet preparation for X-ray fluorescence (XRFs), and loading of samples into analytical instruments. The conventional laboratories require large staff complements as sample preparation is labor intensive. The mining laboratories need to run 24/7 because the control samples from mining require fast TAT, and this increases staff requirements further.
Further, the report states that one major challenge in the market is need for continuous maintenance and services. For laboratory automation equipment to function optimally and maintain accuracy, they must regularly be serviced. Maintenance, replacement, and calibration ensure effective performance and durability of instruments. Though the responsibility of calibration and service falls on the vendor, they may find it difficult to provide these services to all their customers because of the high workload of laboratories and remote sites of mining. The challenge of continuously meeting customers' expectations throughout the life of the instrument takes a toll on market growth.
Bruker, FLSmidth, Thermo Fisher Scientific, ROCKLABS, Datech Scientific Limited, GE Energy, Hach, Intertek, JEOL, Shimadzu, ThyssenKrupp, Waters.
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