Asia-Pacific is the largest and most populated region in the world. According to the IMF, Asia-Pacific’s total GDP was $31.0 trillion in 2020, accounting for 37.1% of $83.7 trillion global GDP. China, India, Japan, Australia are the major countries in this region, which otherwise consists of a large number of small countries. Asia-Pacific accounts for around 55.5% of the global population. The market size in the region can be attributed to the huge presence of metal, mineral and coal mines in countries such as China, India, and Indonesia, significant presence of government initiatives, and policies towards exploration of new mines and modernization of existing mines with technologically advanced mining equipment which advertised high safety and productivity.