Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
BHP Group Limited
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
== Market == Strong worldwide economic growth and prosperity is naturally increasing the demand for natural resources, including Metals such as Steel and Coal for construction, but also Copper for electrical applications and Nickel for batteries, to accommodate the surging demand for renewable energy and EVs. Additionally, the rising demand for more energy, due to growing economies, populations and increased urbanisation is a strong driver for increased demand and growth within the Oil and Gas Market, although it is seeing less growth due to a shift on to renewable energies. * Accordingly, the '''Global Mining Market''' for 2023 was estimated to be around '''2,145 billion USD''' and is estimated to grow at a '''CAGR of 6.7%'''<ref>[https://www.researchandmarkets.com/reports/5781216/mining-global-market-report#:~:text=The%20various%20processes%20used%20for,(CAGR)%20of%206.1%25. https://www.researchandmarkets.com/reports/5781216/mining-global-market-report#:~:text=The%20various%20processes%20used%20for,(CAGR)%20of%206.1%25.]</ref>. * The '''Global Oil and Gas Market''' was found to be '''7,331 billion USD''' in 2023, being estimated to reach 8,671 billion USD in 2027, at a '''CAGR of 4.3%'''<ref>https://www.researchandmarkets.com/reports/5781047/oil-gas-global-market-report</ref>. === Total Addressable Market === Therefore, here we define BHP's Total Addressable Market (TAM) as the Global Mining Market and the Global Oil and Gas Market, which adds up to a TAM of: '''9,476 billion USD,''' estimated to reach '''11,446 billion USD in 2027.'''
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)