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Blast Monitoring Equipment Market Trends

Report ID: GMI8720
Published Date: Mar 2024
Report Format: PDF

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Blast Monitoring Equipment Market Trends

The integration of Internet of Things (IoT) and Artificial Intelligence (AI) technologies is a significant trend in the blast monitoring equipment industry. IoT sensors embedded in monitoring equipment gather real-time data, which is then analyzed using AI algorithms to provide actionable insights. For instance, Orica’s BlastLogic is a cloud-based blast management system that combines wireless vibration monitoring with data visualization and analysis tools. BlastLogic allows for remote monitoring, real-time data access, and collaboration between blasting teams.

Furthermore, there is a growing emphasis on environmental monitoring as part of blast monitoring solutions. Regulatory requirements and stakeholder expectations regarding environmental impact mitigation drive the integration of environmental sensors into blast monitoring systems. For instance, EZ Shot is a wireless blast monitoring system from Dyno Nobel. It can be integrated with DustTrak monitors from TSI Incorporated to track dust levels alongside blast performance data. This allows for a holistic assessment of the environmental impact of blasting operations.

In June 2018 to help manage the environmental management solutions provider, EMS Brüel & Kjær, added a blast overpressure microphone to its Vibration Monitoring Terminal (VMT). The VMT is an innovative and versatile solution for monitoring ground vibration.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of blast monitoring equipment reached USD 270.4 million in 2023 and is set to witness 5.7% CAGR between 2024 and 2032, led by increasing industrial activities, alongside stringent government regulations regarding environmental and occupational safety.

Real-time dust monitors segment of blast monitoring equipment industry generated a revenue of USD 78.8 million in 2023, with projections to reach USD 120 million by 2032, attributed to heightened awareness and regulations regarding air quality and particulate matter emissions in industrial settings.

Asia Pacific market held a revenue share of 37.5% in 2023 and is expected to cross USD 187 million by 2032, driven by growth in mining and construction sectors.

ACOEM, Campbell Scientific Inc., Earth Sciences, Finexplo Oy, GeoSIG Ltd., GeoSonics Inc., Hexagon AB, Incitec Pvt. Ltd., Instantel, MREL, Orica Limited, RST Instruments Ltd., Sigicom Engineering GmbH, Stanley Black & Decker, Svib Software technologies Pvt Ltd. are some of the major industry contenders.