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Tunnel Boring Machine Market Share

ID: MRFR//8740-CR | 166 Pages | Author: Swapnil Palwe| October 2020

Tunnel Boring Machine Market Share Analysis

The demand for Tunnel Boring Machines (TBMs) has witnessed a significant upswing, with over 10,000 TBMs having been utilized since the introduction of the first modern TBM in the 1950s. These machines have played a crucial role in the construction of tunnels for various purposes such as traffic, hydropower, sewerage and water systems, underground storage, and mining. Over the years, technological advancements have led to the availability of a diverse range of TBMs capable of boring tunnels with varying diameters and through different ground conditions, spanning from hard rock to soft soil.

The stability of the tunnel face and walls is intricately linked to the specific ground and groundwater conditions encountered, ranging from hard rock to soft soils and even mixed and changeable ground. The adaptability of TBMs to these diverse conditions has been a driving force behind their widespread use in tunnel construction projects.

In the mining sector, several breakthroughs have paved the way for the successful integration of TBMs into mining operations. This success is attributed to the wealth of insights gained from more than two decades of TBM utilization in various projects. Technological advancements in cutter design, machine components, and hydraulic and electrical systems have significantly contributed to the enhanced performance of TBMs. Moreover, the increased use of computer and electronic controls has played a pivotal role in refining the efficiency and precision of these machines.

The mining industry's demand for TBMs is further fueled by manufacturers' efforts to tailor machines specifically for mining operations. This targeted design approach aligns with the unique requirements and challenges posed by mining environments, contributing to the increased adoption of TBMs in mining projects.

As project complexities grow, especially in endeavors such as underwater mining and projects beneath the ocean, there is a heightened need for sophisticated and efficient guided tunnel boring machines. Technological advancements and the evolving demands of these projects have given rise to the popularity of remote-controlled tunnel boring and micro tunneling. These advancements not only address the challenges posed by intricate project requirements but also showcase the adaptability of TBMs to evolving technological landscapes.

In conclusion, the growing demand for Tunnel Boring Machines is rooted in their proven effectiveness across a wide spectrum of tunnel construction applications. The ongoing advancements in technology, coupled with the unique design considerations for mining operations, underscore the versatility and adaptability of TBMs. As projects become more intricate and specialized, the demand for sophisticated and precisely controlled TBMs is set to continue its upward trajectory, marking a transformative era in tunneling technology.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2021
Historical Data 2018 & 2020
Forecast Period 2022-2030
Growth Rate 24.09% (2022-2030)
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