Economic Significance of the METS Sector
Regional Impact of METS & Mining
38
Billion
Pilbara Region, WA
88% of total regional economic activity
18
Billion
Bowen-Surat Region, QLD
63% of total regional economic activity
15
Billion
Hunter Region, NSW
34% of total regional economic activity
1
Pilbara Region, Western Australia
2
Bowen-Surat Region, Queensland
3
Hunter Region, New South Wales
Economic Significance of the METS Sector
92
Billion
Gross Value Added
The METS sector contributes $92 billion to the Australian economy (Gross Value Added)
503,000
300,000 directly
People Employed
METS businesses employ 300,000 people directly and when supporting businesses are included figures indicate over half a million jobs exist in the sector.
7
Year on Year Average
Annual Growth
Year on year the sector experiences an average growth rate of 7%, far outpacing the average growth of the Australian economy.
The METS sector is one of Australia’s largest, alongside other major economic drivers such as construction, agriculture and retail.
Growth & Opportunities in the METS Sector
Professional & Technical Services
Domain experts from within the industry with operational experience to enable the connected workforce to effectively interact with new technology introduced into the mining operation.
Technical Equipment Manufacturing
Jobs and skills that will enable the automation and integration of semi and fully autonomous equipment into the mining value chain, including interoperability platforms and data enablement.
Information & Operational Technology
Application of the next generation of IoT technology – from traditional software applications and automation systems, artificial intelligence, machine learning, big data and real time integration.
Australian METS continues to grow
Since its foundation in 2016, METS Ignited has witnessed double digit GVA growth for the METS Sector in Australia. Employment has also continued to rise year on year, with over 1.1Million employees nationally. Australia continues to be a global leader in the Mining Technology sector – recognised the world over for our innovation, practical skills and application of remote technology.
Transformative Impacts of Technology in Mining
As the shift of automation in mining moves from mining company led integration of existing equipment, to the implementation of the next generation of digitally enabled technology from METS companies, the projected growth for the sector is estimated to add more than $50Billion to the local economy by 2030. This projects almost 80,000 additional jobs in the METS sector through embracing the technology opportunity that automation creates for the industry.
