Global Blast Monitoring Equipment Market to Observe Widespread Growth with Growing Demand for Blast Monitoring Equipment in Mining Sector

The environment can be greatly impacted by mining, building, and industrial processes, mostly due to extreme vibration levels and dust emissions that can spread to nearby areas. Depending upon the application, such emissions may not only harm fauna, flora, and waterways but also the health of site workers and the communities that work, live, and engage in recreational activities nearby. Blast monitoring equipment is an effective risk reduction option for a wide range of applications. The equipment is a crucial component of safety protocols at mining and construction sites across the world.

Blast monitoring equipment is used to monitor blasting activities at mine sites. Companies can use blast monitoring equipment to measure vibration, noise levels, air overpressure, and air overpressure in and around the mine. Several industry recommendations have been developed to monitor air overpressure and the safe vibration created by blasting activities. It can also aid in the development of a more productive blast that does not disrupt the environment. The global blast monitoring equipment market is expanding at a rapid pace due to the increased use of automated condition-monitoring technology and the growing awareness of predictive maintenance.

Newest Insights in the Blast Monitoring Equipment Market

The primary application of blast monitoring equipment in industries is to monitor process parameters like pressure, temperature, current, voltage, flow, or speed and to generate alarms whenever a process parameter exceeds a specified range. In the recent years, there have been many recent advancements in the field of blast monitoring equipment. As per a report by Research Dive, the global blast monitoring equipment market is expected to surpass a revenue of $412.7 million in the 2022–2031 timeframe. The Asia-Pacific blast monitoring equipment market is expected to grow at a rapid pace in the coming years. This is because the region has a gigantic demand for blast monitoring equipment owing to the expanded use of blast monitors in production sites across a variety of industrial sectors in the region.

How are Market Players Responding to the Rising Demand for Blast Monitoring Equipment?

Market players are greatly investing in pioneering research and inventions to cater for the increasing need for monitoring and managing a variety of potential environmental effects in underground and surface mining and infiltration in factories. Some of the foremost players in the blast monitoring equipment market are Acoem, Orica, Hexagon AB, ECOTECH PTY LTD, Maine Drilling & Blasting, Core Lithium, and others. These players are focused on planning and devising tactics such as mergers and acquisitions, collaborations, novel advances, and partnerships to reach a notable position in the global market. For instance:

• In September 2021, Orica, a leading global provider of mining and infrastructure solutions, announced 4D, its most recent bulk explosives technology, at MINExpo in Las Vegas. The revolutionary 4D™ bulk technology allows for the real-time adaptation of explosive energy to geology during a blast, resulting in an increase in fragmentation, on-bench productivity, and a general decrease in drill and blast costs.
   
• In September 2022, Vapormatt Ltd., a global leader in wet blasting company worldwide, launched a brand-new Puma Manual wet blasting device. The Puma Manual is perfect for processing bigger components in a relatively small footprint.
   
• In December 2022, GroundProbe, a global technology leader specializing in real-time geohazard measurement and monitoring, announced the launch of BlastVision, a world-first technology that gives actionable blast performance data for optimal safety and productivity.

COVID-19 Impact on the Global Blast Monitoring Equipment Market

The unpredicted rise of the coronavirus pandemic in 2020 has adversely impacted the global blast monitoring equipment market. During the pandemic period, due to supply chain disruptions, manufacturing facility closures, and a global economic downturn, there was reduced demand for blast monitoring equipment. While mining has remained resilient in both the CIS (Commonwealth of Independent States) and Africa, it has been hindered by quarantine measures and mine closures because of the pandemic outbreak. During the second wave of COVID-19, the cost of sea freight for primary care providers (PCP) rose dramatically. Additionally, sales and the acquisition of new projects were severely hindered in the mining and construction industries, which significantly reduced demand for blast monitoring equipment. However, the global blast monitoring equipment market is expected to recuperate from the incurred losses and grow significantly in the post-pandemic period.