Canadian market sector profiles

The document outlines the growth potential for mining technology, which includes processes to improve environmental performance and the extraction of minerals for renewable energy and electric vehicles. It highlights a growing 'smart mining' market and notes that while small tech companies are attracting investment, large multinational firms from Canada, the US, and Australia dominate the sector. For Canada, advantages include a high share of global exploration investment and strategic access for US importers, though regulatory barriers and the financial risks of technological leadership persist.

• The 'smart mining' market, which utilizes data, autonomy, and technology to increase productivity and safety, was valued between $7 billion and $10 billion in 2019 and is projected to grow to between $13 billion and $38 billion by 2027, representing a compound annual growth rate (CAGR) of 8% to 20%.
• Demand for mining technology is expected to rise due to the need for minerals and metals such as nickel, copper, silver, and zinc to support the expansion of battery, EV, and renewable electricity markets, as well as increasing pressure to improve environmental performance.
• Investment in mining technology is dominated by large multinational companies based in Canada, the United States, and Australia, although small technology companies are also receiving funding.
• Canada possesses competitive advantages in the sector, including accounting for 37% of global mining exploration investment in 2018 and providing strategic access for importers from the US, but faces challenges such as regulatory barriers to new technology and the financial risks associated with being a technology leader.

APA

Canadian Climate Institute (n.d.). Canadian market sector profiles. https://climatechoices.ca/wp-content/uploads/2021/10/CICC-Mining-Tech-Sector-Profile.pdf

Chicago

Canadian Climate Institute. Canadian market sector profiles. n.d. https://climatechoices.ca/wp-content/uploads/2021/10/CICC-Mining-Tech-Sector-Profile.pdf.

Wikipedia

{{cite report |author=Canadian Climate Institute |title=Canadian market sector profiles |url=https://climatechoices.ca/wp-content/uploads/2021/10/CICC-Mining-Tech-Sector-Profile.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{canadianclimateinstitutendcanadian, author = {{Canadian Climate Institute}}, title = {{Canadian market sector profiles}}, institution = {Canadian Climate Institute}, url = {https://climatechoices.ca/wp-content/uploads/2021/10/CICC-Mining-Tech-Sector-Profile.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }