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Global Blast Monitoring Equipment Market to reach USD 374.09 million by the end of 2029

Global Blast Monitoring Equipment Market Size study & Forecast, by Product ( Blast Monitors, Real time Dust Monitors, Dust Samplers and Visibility Monitors), by End Use Industry ( Defence , Chemical, Mining and Construction, Oil and Gas and Others) by Application ( Underground mining, Surface mining, Demolition, Detonation, Rock Blasting and Others), and Regional Analysis, 2022-2029

Product Code: EESC-72381173
Publish Date: 10-04-2023
Page: 200

Global Blast Monitoring Equipment Market is valued approximately USD 253.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2022-2029. Blast monitoring equipment are being used by the companies to monitor the vibration, noise level, air overpressure, and environment index. Several industry standards have been set up to monitor the air overpressure and safe vibration brought on by blasting activities. Blasting actions are within accepted parameters according to the event data that was confirmed for the monitoring unit. Additionally, it might be useful to create a blast that is more effective while minimizing environmental impact. The Blast Monitoring Equipment market is expanding because of factors such as increase in usage of Industrial Internet of Things (IIoT) and increase in construction and mining activities worldwide. However, the effect of the governing rules of conduct and lack of qualified technological resources for data processing may halt market growth.
Rising mining activities world wide is fostering the market growth, according to the United States Geological Survey (USGS), United States has been on the leading countries in terms of mining operations on the global scenario. The United States mines produced minerals of around USD 84.3 billion in the year 2018 which enhanced and reached USD 86.3 billion in the year 2019. The United States mine production was around USD 28.1 billion in the year 2019, up by around USD 500 million from the year 2018. In addition, rising demand from end use industries, increase in implementation of automated condition monitoring technologies is further fostering the market growth. However, the high cost of Blast Monitoring Equipment stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Blast Monitoring Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising mining activities, rising adoption of IIoT devices. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising government support to mining and construction activities, geographic expansion of key players.

Major market player included in this report are:
Orica Ltd
Hexagon Ab
Shottrack Pty Ltd
Stanley Black & Decker, Inc.
Geosonics/Vibra-Tech Inc.
Sigicom Ab
Ids Georadar
Finexplo Oy
Recent Developments in the Market:
 In September 2021, Orica unveiled their most recent bulk explosives technology, 4D. By adjusting the energy of the explosives during a blast in real-time to the geology, the innovative 4D bulk technique accelerates fragmentation, boosts on-bench productivity, and lowers overall drill and blast costs.
 In 2021, Elcometer has announced the introduction of a full line of abrasive blasting tools, including dry abrasive blasting machines, precision media valves, blast hose, blast nozzles, and personal safety gear.

Global Blast Monitoring Equipment Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, End Use Industry, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Blast Monitors
Real time Dust Monitors
Dust Samplers
Visibility Monitors

By End Use Industry:
Mining and Construction
Oil and Gas
By Application:
Underground Mines
Surface Mining
Rock Blasting

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Blast Monitoring Equipment Market, by Region, 2019-2029 (USD Million)
1.2.2. Blast Monitoring Equipment Market, by Product Type , 2019-2029 (USD Million)
1.2.3. Blast Monitoring Equipment Market, by End Use Industry, 2019-2029 (USD Million)
1.2.4. Blast Monitoring Equipment Market, by Application, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Blast Monitoring Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Blast Monitoring Equipment Market Dynamics
3.1. Blast Monitoring Equipment Market Impact Analysis (2019-2029)
3.1.1. Market Drivers The increase in usage of Industrial Internet of Things (IIoT) Increase in construction and mining activities worldwide
3.1.2. Market Challenges The effect of the governing rules of conduct Lack of qualified technological resources for data processing
3.1.3. Market Opportunities Rising demand from end use industries Increase in implementation of automated condition monitoring technologies
Chapter 4. Global Blast Monitoring Equipment Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Blast Monitoring Equipment Market, by Product Type
6.1. Market Snapshot
6.2. Global Blast Monitoring Equipment Market by Product Type , Performance – Potential Analysis
6.3. Global Blast Monitoring Equipment Market Estimates & Forecasts by Product Type 2019-2029 (USD Million)
6.4. Blast Monitoring Equipment Market, Sub Segment Analysis
6.4.1. Blast Monitors
6.4.2. Real time Dust Monitors
6.4.3. Dust Samplers
6.4.4. Visibility Monitors
Chapter 7. Global Blast Monitoring Equipment Market, by End Use Industry
7.1. Market Snapshot
7.2. Global Blast Monitoring Equipment Market by End Use Industry, Performance – Potential Analysis
7.3. Global Blast Monitoring Equipment Market Estimates & Forecasts by End Use Industry 2019-2029 (USD Million)
7.4. Blast Monitoring Equipment Market, Sub Segment Analysis
7.4.1. Defence
7.4.2. Chemical
7.4.3. Mining and Construction
7.4.4. Oil and Gas
7.4.5. Others
Chapter 8. Global Blast Monitoring Equipment Market, by Application
8.1. Market Snapshot
8.2. Global Blast Monitoring Equipment Market by Application, Performance – Potential Analysis
8.3. Global Blast Monitoring Equipment Market Estimates & Forecasts by Application 2019-2029 (USD Million)
8.4. Blast Monitoring Equipment Market, Sub Segment Analysis
8.4.1. Underground mining
8.4.2. Surface mining
8.4.3. Demolition
8.4.4. Detonation
8.4.5. Rock Blasting
8.4.6. Others
Chapter 9. Global Blast Monitoring Equipment Market, Regional Analysis
9.1. Blast Monitoring Equipment Market, Regional Market Snapshot
9.2. North America Blast Monitoring Equipment Market
9.2.1. U.S. Blast Monitoring Equipment Market Product Type breakdown estimates & forecasts, 2019-2029 End Use Industry breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Blast Monitoring Equipment Market
9.3. Europe Blast Monitoring Equipment Market Snapshot
9.3.1. U.K. Blast Monitoring Equipment Market
9.3.2. Germany Blast Monitoring Equipment Market
9.3.3. France Blast Monitoring Equipment Market
9.3.4. Spain Blast Monitoring Equipment Market
9.3.5. Italy Blast Monitoring Equipment Market
9.3.6. Rest of Europe Blast Monitoring Equipment Market
9.4. Asia-Pacific Blast Monitoring Equipment Market Snapshot
9.4.1. China Blast Monitoring Equipment Market
9.4.2. India Blast Monitoring Equipment Market
9.4.3. Japan Blast Monitoring Equipment Market
9.4.4. Australia Blast Monitoring Equipment Market
9.4.5. South Korea Blast Monitoring Equipment Market
9.4.6. Rest of Asia Pacific Blast Monitoring Equipment Market
9.5. Latin America Blast Monitoring Equipment Market Snapshot
9.5.1. Brazil Blast Monitoring Equipment Market
9.5.2. Mexico Blast Monitoring Equipment Market
9.5.3. Rest of Latin America Blast Monitoring Equipment Market
9.6. Rest of The World Blast Monitoring Equipment Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Orica Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Hexagon Ab
10.2.3. Acoem
10.2.4. Shottrack Pty Ltd
10.2.5. Stanley Black & Decker, Inc.
10.2.6. Geosonics/Vibra-Tech Inc.
10.2.7. Sigicom Ab
10.2.8. Elcometer
10.2.9. Ids Georadar
10.2.10. Finexplo Oy
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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