0
New
New
2023
Blast Monitoring Equipment Market

Blast Monitoring Equipment Market

by Product Type (Blast Monitors, Real time Dust Monitors, Dust Samplers, Visibility Monitors), by End-use Industry (Defense, Chemicals, Mining and Connstruction, Oil and Gas, Others(Tunnels Roads)), by Application (Underground Mines, Surface Mining, Demolition, Detonation, Rock Blasting, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A31371
Pages: 318
Jan 2023 | 536 Views
Author(s) : Payal G, Anup K , Vitika V
Tables: 115
Charts: 61
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Blast Monitoring Equipment Market Research, 2031

The global blast monitoring equipment market was valued at $253.3 million in 2021, and is projected to reach $412.7 million by 2031, growing at a CAGR of 5.2% from 2022 to 2031. Blast monitoring equipment is used to measure blasting activity at mine sites. Using blast monitoring equipment, companies can monitor vibration, air overpressure, noise levels and air overpressure in and around the mine. Several industry guidelines have been established to monitor air overpressure produced and safe vibration by blasting activities. The event data verified for the monitoring unit confirms if blasting activities are within standard guidelines. It can also help to design a more productive blast that does not disturb the surroundings.

Sales of blast monitoring equipment are directly proportional to the demand from end-use industries namely defense, chemicals, mining & construction, oil & gas, and others. However, the demand for blast monitoring equipment in the chemicals industry was greatly affected owing to import-export restrictions, closed borders, and supply chain disruptions due to the outbreak of the COVID-19 pandemic.

Blast Monitoring Equipment Market

The effect of the governing rules of conduct and a lack of qualified technological resources for data processing further limit the market for blast monitoring equipment. Additionally, the lack of knowledge in vast distances, as well as blast monitoring equipment maintenance, are projected to hinder the blast monitoring equipment market during the forecast period.

The Industrial Internet of Things (IIoT) has opened new development potential for firms that require blast/vibration monitoring. Companies may link sensors used to monitor multiple machine factors, such as blast, vibration, and temperature, to the Internet and monitor their assets in real time by integrating IIoT with current production processes. Companies may use IIoT technology to combine and process all data on a single platform. Moreover, the use of IIoT for condition monitoring and predictive maintenance can significantly improve critical asset uptime, especially for assets with unpredictable failure patterns. Furthermore, IIoT allows companies to greatly increase their operational performance and dependability by implementing revolutionary changes in them through business process automation. In recent years, industries such as manufacturing and oil & gas have used IIoT in their operations. The increase in usage of IIoT represents a potential opportunity for the blast monitoring equipment market.

The key players profiled in the blast monitoring equipment market report include Orica, Acoem, ECOTECH PTY LTD, Hexagon AB, Core Lithium, and Maine Drilling and Blasting.

The blast monitoring equipment market is segmented on the basis of product type, end-use industry, application, and region. By product type, the market is divided into blast monitors, real time dust monitors, dust samplers, and visibility monitors. By end-use industry, the market is classified into defense, chemicals, mining & constriction, oil, appliances, and others. By application, the market is divided into underground mines, surface mining, demolition, rock blasting, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The blast monitoring equipment industry is segmented into Product Type, End-use Industry and Application.

Blast Monitoring Equipment Market
By Product Type

Your browser does not support the canvas element.

Real time dust monitors is anticipated to grow at the fastest CAGR

Get more information on this report : Request Sample Pages

By product type, the blast monitors sub-segment is the second most dominating subsegment in 2021. Blast monitors have showcased improved blasting techniques in both underground and surface mining. The blast record contains a range of information used to assess the performance of a vibration. The blast recorders' charge which results in the highest vibration levels can be determined which is likely to be responsible for the greatest amount of breakage and damage. The effects of charge weight, charge length, and explosive strength can be measured. These are predicted to be the major factors affecting the blast monitoring equipment market size during the forecast period.

Blast Monitoring Equipment Market
By Application

Your browser does not support the canvas element.

Surface mining is projected to grow at the fastest CAGR

Get more information on this report : Request Sample Pages

By application, the underground mines sub-segment dominated the market in 2021. Underground mines reduce expenditures and design time to ground control than surface mines and quarries because subsurface entrances are more challenging to develop and manage than rock or soil slopes. Workers are immediately exposed to the possibly unstable ground in the ore zone when using traditional underground mining methods such as shrinkage and cut-and-fill. Workers do not access the mineral zone when using bulk mining techniques such as blast hole stopping.

Blast Monitoring Equipment Market
By End-use Industry

Your browser does not support the canvas element.

Mining and construction held the highest market share in 2021

Get more information on this report : Request Sample Pages

By end-use industry, the mining & construction sub-segment dominated the global blast monitoring equipment market share in 2021. The increase in construction and mining activities is essential for the advancement of civilization. Designing of equipment such as excavators, dozers, and cranes aid in the construction of better future infrastructure, such as skyscrapers, motorways, and sewers. Such applications of blast monitoring equipment in the mining and construction sector are bound to create a scope of growth for the sub-segment during the forecast period.

Blast Monitoring Equipment Market
By Region

2031
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific accounted for the highest market share in 2021

Get more information on this report : Request Sample Pages

By region, Asia-Pacific dominated the global market in 2021 and is projected to be the fastest-growing region during the forecast period. The Asia-Pacific blast monitoring equipment market analysis is expanding as a consequence of the greater application of blast monitors throughout manufacturing activities in various industrial sectors and the strict regulations framework surrounding labor security in the rising mining industry. The Asia-Pacific market for blast monitoring equipment is expanding as a result of such factors as growing acceptance of predictive maintenance technology, competitive pressure to improve operational competence, expansion of manufacturing activities, and affordable labor costs in the Asia-Pacific developing region.

Impact of COVID-19 on the Global Blast Monitoring Equipment Industry

  • COVID-19 has negatively impacted various industries such as construction, which has led to a drastic decline in construction sales. As blast monitoring is widely used in the construction industry, there was a significant reduction in blast monitoring equipment demand globally.
  • China mining equipment market suffered greatly since day-to-day operations in mines were done with fewer personnel during the pandemic. However, sales of equipment dropped in the first several months of the pandemic. Sales returned to normal when the pandemic was brought under control. However, China being the epicenter of the coronavirus pandemic, export activities there were affected, leading to a decline in blast monitoring equipment production.
  • Sales of blast monitoring equipment are directly proportional to the demand from end-use industries namely defense, chemicals, mining & construction, oil & gas, and others. However, the demand for blast monitoring equipment in the chemicals industry was greatly affected owing to import-export restrictions, closed borders, and supply chain disruptions due to the outbreak of the COVID-19 pandemic.
  • The economic slowdown has affected the setup of new blast monitoring equipment projects across the world as the majority of government funding was diverted toward the healthcare sector owing to the rapid spread of the COVID-19 virus, impacting the market to the great extent

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the blast monitoring equipment market analysis from 2021 to 2031 to identify the prevailing blast monitoring equipment market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the blast monitoring equipment market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global blast monitoring equipment market trends, key players, market segments, application areas, and market growth strategies.

Highlights of the Report

  • The report provides an exclusive and comprehensive analysis of the global blast monitoring equipment market trends along with the blast monitoring equipment market forecast
  • The report elucidates the blast monitoring equipment market opportunity along with key drivers, and restraints of the market. It is a compilation of detailed information, inputs from industry participants and industry experts across the value chain, and quantitative and qualitative assessment by industry analysts.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the market for strategy building
  • The report entailing the blast monitoring equipment market analysis maps the qualitative sway of various industry factors on market segments as well as geographies
  • The data in this report aims on market dynamics, trends, and developments affecting the blast monitoring equipment market growth
  • The report provide about the complete blast monitoring equipment market overview regarding the present and the forecasted period

Blast Monitoring Equipment Market Report Highlights

Aspects Details
Market Size By 2031 USD 412.7 million
Growth Rate CAGR of 5.2%
Forecast period 2021 - 2031
Report Pages 318
Product Type
  • Blast Monitors
  • Real time Dust Monitors
  • Dust Samplers
  • Visibility Monitors
End-use Industry
  • Defense
  • Chemicals
  • Mining and Connstruction
  • Oil and Gas
  • Others(Tunnels Roads)
Application
  • Detonation
  • Rock Blasting
  • Others
  • Underground Mines
  • Surface Mining
  • Demolition
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, United Arab Emirates, South Africa, Rest of LAMEA)
Key Market Players Orica Ltd, hexagon ab, acoem, ShotTrack Pty Ltd, Stanley Black & Decker, Inc., GeoSonics/Vibra-Tech Inc., sigicom ab, elcometer, ids georadar, Finexplo Oy
 

Loading Table Of Content...


 
 

An increase in demand for blast monitoring equipment in mining, excavations, and demolition sites is the key factor that is projected to drive the growth of the global blast monitoring equipment market during the forecast period. In addition, vibration monitoring is usually required near blasts in order to understand the outcome of the explosion by assessing the PPV - Peak Particle Velocity. However, technical expertise is required for system optimization, software upgrades, system networking, data transports, and other operations. Deploying blast monitoring technology in areas where blast information is scarce becomes difficult. Therefore, a lack of technical expertise is anticipated to restrict the overall market growth. The increase in usage of machine learning and big data analytics, as well as the advent of the Industrial Internet of Things (IIoT), are expected to provide lucrative opportunities for the industry, which will further drive the development rate of the blast monitoring equipment market in the future. Furthermore, strategic alliances and collaborations among different market competitors, as well as R&D initiatives for the integration of Artificial Intelligence (AI), are projected to provide multiple market growth opportunities.

Among the analyzed regions, Asia-Pacific is expected to account for the highest revenue in the market by 2031, followed by Europe, North America, and LAMEA. R&D initiatives for the integration of AI are the key factors responsible for the leading position of Asia-Pacific and Europe in the global blast monitoring equipment market.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The diverse applications of blast monitoring equipment across the chemical, construction, oil & gas, and other sectors are the major market drivers. In addition, the development of low-cost advanced blast monitoring equipment together with quick-processing features, easy blast technology, and better blast equipment is expected to provide significant market growth.

A. An increase in the application of blast monitoring equipment in the production of underground mines and in the mining, industry is anticipated to boost the blast monitoring equipment market in the upcoming years.

A. North America will provide more business opportunities for the global blast monitoring equipment market in the future.

A. The mining & construction sub-segment of the end-use industry acquired the maximum share of the global blast monitoring equipment market in 2021.

A. Acoem, ECOTECH PTY LTD, Hexagon AB, Core Lithium, Maine Drilling and Blasting, and Orica are the major players in the blast monitoring equipment market.

A. The major growth strategies adopted by the blast monitoring equipment market players are investments and manufacturing.

A. The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global blast monitoring equipment market from 2021 to 2031 to determine the prevailing opportunities.

A. The construction industry leaders and chemical manufacturers are the major customers in the global blast monitoring equipment market.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Blast Monitoring Equipment Market

Start reading instantly.
This Report and over 19,981+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,570
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Single User
  • $5,730
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Enterprise
    License/PDF

  • $9,600
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers