세계의 블라스트 모니터링 장비 시장(2024-2031년)

Blast Monitoring Equipment Market Size, Share & Trends Analysis Report by Product Type (Seismic monitoring equipment, Blast indicators, Blast cameras, Blast monitors, Real-time dust monitors, Dust samplers, Visibility monitors, and Others (Data Loggers and Geophones)), and by End-User (Mining and Quarrying, Construction, Defense, Chemicals, and Oil & gas) Forecast Period (2024-2031)

Blast monitoring equipment market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). Blast monitoring equipment measures and records the effects of blasting operations in mining, construction, and quarrying industries. The equipment is designed to measure and record various parameters such as ground variations, air overpressure, and frequency, and any potential damage to surrounding structures.

Market Dynamics

Stringent regulation for environmental safety and blast control

Stringent regulations for environmental safety and blast controls mandate the implementation of advanced monitoring systems to ensure compliance and mitigate risks associated with blasting activities. Numerous regulations have been established to enhance the safety of mine workers and mitigate the environmental impact of mining activities. For instance, Ghana's Minerals and Mining (Explosives) Regulations oversee the utilization, transportation, possession, and storage of explosives in quarrying, mining, and civil operations, ensuring compliance with safety standards and environmental protection measures.

Growing awareness of safety in blasting operations

Globally, concerns about the safety of workers, the integrity of structures, and the effects on the environment are driving a greater awareness of safety in blasting activities, which is further driving the development of blast monitoring technology. The use of explosives in construction projects has increased due to the globalization of urbanization and infrastructure development initiatives. For instance, as per the World Bank, Private Participation in Infrastructure (PPI) witnessed a notable uptick, reaching USD 91.7 billion across 263 infrastructure projects equivalent to 0.25 percent of the Gross Domestic Product (GDP) of all low- and middle-income countries in 2022.

Market Segmentation

Our in-depth analysis of the global blast monitoring equipment market includes the following segments by product type and end-user:

• Based on product type, the market is sub-segmented into seismic monitoring equipment, blast indicators, blast cameras, blast monitors, real-time dust monitors, dust samplers, visibility monitors, and others.
• Based on the end-users, the market is augmented into mining and quarrying, construction, defense, chemicals, and oil & gas.

Mining and Quarrying is Projected to Emerge as the Largest Segment

Based on the end-user, the global blast monitoring equipment market is sub-segmented into mining and quarrying, construction, defense, chemicals, and oil & gas. Among these, the mining and quarrying sub-segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth includes the extensive use of explosives for extracting minerals and stone materials. These industries require precise monitoring of blasts to ensure safety, regulatory compliance, and environmental protection. The equipment helps optimize blasting operations by providing feedback on drilling, blasting, and fragmentation processes, which can reduce costs, improve productivity, and minimize environmental impact.

Real-Time Dust Monitors Sub-segment to Hold a Considerable Market Share

The demand for real-time dust monitoring solutions is driven by legislation and increased awareness of air quality and particulate matter emissions in industrial settings. Secondly, real-time dust monitors are now more accurate and dependable because of developments in sensor technology and data analytics capabilities. This has increased the devices' appeal to sectors looking to reduce the hazards to human health and the environment posed by dust exposure. Furthermore, the increasing focus on occupational health and safety regulations is driving the use of real-time dust monitors as indispensable instruments for monitoring and managing dust levels in diverse industrial processes.

Regional Outlook

The global blast monitoring equipment market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).

North American countries to invest in blast monitoring equipment market

• The US has witnessed significant growth in the blast monitoring equipment market due to the country's rapid industrialization, construction activities, and mining operations.

Global Blast Monitoring Equipment Market Growth by Region 2024-2031

Source: OMR Analysis

Asia-Pacific Holds Major Market Share

Among all the regions, Asia-Pacific holds a significant share owing to the presence of countries like China and India, which are experiencing significant growth in their mining and construction sectors. As a safety precaution and to guarantee regulatory compliance during blasting activities in various industries, this increases the demand for blast monitoring equipment. China is a big market for blast monitoring equipment since it is one of the biggest consumers of commodities and a big participant in the mining and construction industries.

The region's demand is fueled by rapid industrialization, urbanization, and infrastructure development projects. Government programs to strengthen environmental laws and safety standards also support market expansion. More and more Asian governments are enforcing more stringent laws about blasting safety and environmental impact. In addition to encouraging a rising safety culture within these companies, blast monitoring equipment is essential for guaranteeing compliance with these laws.

Market Players Outlook

Note: Major Players Sorted in No Particular Order.

The major companies serving the global blast monitoring equipment market include Hexagon AB, Orica Limited, Stanley Black & Decker, Inc., Terrock Pty Ltd., Trolex Ltd, and Syscom Instruments SA, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in May 2022, Orica Limited unveiled its latest offering: the Fortis Protect Series of explosives, specifically engineered to minimize nitrate leakage during blast operations.

The Report Covers:

• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global blast monitoring equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

Table of Contents

1.Report Summary

• Current Industry Analysis and Growth Potential Outlook
• 1.1.Research Methods and Tools
• 1.2.Market Breakdown
  • 1.2.1.By Segments
  • 1.2.2.By Region

2.Market Overview and Insights

• 2.1.Scope of the Report
• 2.2.Analyst Insight & Current Market Trends
  • 2.2.1.Key Findings
  • 2.2.2.Recommendations
  • 2.2.3.Conclusion

3.Competitive Landscape

• 3.1.Key Company Analysis
• 3.2.Hexagon AB
  • 3.2.1.Overview
  • 3.2.2.Financial Analysis
  • 3.2.3.SWOT Analysis
  • 3.2.4.Recent Developments
• 3.3.Orica Limited
  • 3.3.1.Overview
  • 3.3.2.Financial Analysis
  • 3.3.3.SWOT Analysis
  • 3.3.4.Recent Developments
• 3.4.Stanley Black & Decker, Inc.
  • 3.4.1.Overview
  • 3.4.2.Financial Analysis
  • 3.4.3.SWOT Analysis
  • 3.4.4.Recent Developments
• 3.5.Key Strategy Analysis

4.Market Segmentation

• 4.1.Global Blast Monitoring Equipment Market by Product Type
  • 4.1.1.Seismic Monitoring Equipment
  • 4.1.2.Blast Indicators
  • 4.1.3.Blast Cameras
  • 4.1.4.Blast Monitors
  • 4.1.5.Real-Time Dust Monitors
  • 4.1.6.Dust Samplers
  • 4.1.7.Visibility Monitors
  • 4.1.8.Others (Data Loggers and Geophones)
• 4.2.Global Blast Monitoring Equipment Market by End-User
  • 4.2.1.Mining and Quarrying
  • 4.2.2.Construction
  • 4.2.3.Defense
  • 4.2.4.Chemicals
  • 4.2.5.Oil & gas

5.Regional Analysis

• 5.1.North America
  • 5.1.1.United States
  • 5.1.2.Canada
• 5.2.Europe
  • 5.2.1.UK
  • 5.2.2.Germany
  • 5.2.3.Italy
  • 5.2.4.Spain
  • 5.2.5.France
  • 5.2.6.Rest of Europe
• 5.3.Asia-Pacific
  • 5.3.1.China
  • 5.3.2.India
  • 5.3.3.Japan
  • 5.3.4.South Korea
  • 5.3.5.Rest of Asia-Pacific
• 5.4.Rest of the World
  • 5.4.1.Latin America
  • 5.4.2.Middle East and Africa

6.Company Profiles

• 6.1.ACOEM Group
• 6.2.Campbell Scientific, Inc.
• 6.3.CGG S.A.
• 6.4.Finexplo Oy
• 6.5.GEObit instruments
• 6.6.GeoSIG Ltd.
• 6.7.GeoSonics/Vibra-Tech Inc.
• 6.8.IMV CORPORATION
• 6.9.Instantel
• 6.10.Kinemetrics
• 6.11.MREL Group of Companies Limited
• 6.12.ProfEC Ventus GmbH
• 6.13.REF TEK Systems Inc.
• 6.14.RST Instruments Ltd.
• 6.15.Sensonic, Ltd.
• 6.16.Sigicom
• 6.17.Specto End-User
• 6.18.svib software technologies Pvt Ltd.
• 6.19.Syscom Instruments SA
• 6.20.Trolex, Ltd.