Global Electronic Detonator Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Electronic Detonator Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Electronic detonators are modern, fully programmable and intelligent high strength detonators. Each detonator contains a circuit board that can be programmed to initiate at precise millisecond timing within a firing sequence.

Market Overview:

The latest research study on the global Electronic Detonator market finds that the global Electronic Detonator market reached a value of USD 2534.01 million in 2023. It’s expected that the market will achieve USD 11224.44 million by 2029, exhibiting a CAGR of 28.15% during the forecast period.

Growth Drivers

Advantages of Electronic Detonator

An Electronic Detonator is a product that uses electronic control modules to control the detonation process. Compared with traditional products, Electronic Detonator is safer, easier to use, and more economical. First of all, in terms of safety, the use of an Electronic Detonator requires authorization, and a special detonator is required for detonation. It has high security in the entire process of transportation, storage, and use. Secondly, in terms of economy, firstly, Electronic Detonator has strong networking capabilities and can improve blasting efficiency for large-scale blasting. Second, the Electronic Detonator has high delay accuracy and can reduce the amount of explosives used by 5%-15% after blasting design. Third, the use of an Electronic Detonator can reduce the rate of large ore chunks, reduce transportation costs, and improve the overall efficiency of blasting. Finally, in terms of convenience, the Electronic Detonator has an accurate delay time, fast network connection, and high reliability. It can detect the number of detonators, hole positions, and other information online, making it highly convenient to use. For the development of the Electronic Detonator industry, the advantages of Electronic Detonator are one of the driving factors driving market development.

Restraints

Production safety issues

During the production process of the Electronic Detonator, many production safety issues are faced. Manufacturing companies must take necessary safety measures to ensure the safe production of Electronic Detonator. During the production process, static electricity problems and friction problems may cause production safety accidents. In terms of solving the problem of static electricity, in order to reduce the impact of static electricity on the production process of Electronic Detonators, static electricity should be eliminated as much as possible. Production workers should strictly implement the company's production safety requirements and wear protective gear and anti-static bracelets or anklets. In terms of friction issues, friction is inevitable during the entire production process of the Electronic Detonator. However, in important production processes that are prone to danger, friction should be avoided as much as possible. Avoid accidental explosion of products due to friction and safety production accidents. Production safety issues are one of the challenges facing the industry.

Region Overview:

In 2022, the share of the Electronic Detonator market in China stood at 70.64%.

Company Overview:

Orica is one of the world’s leading mining and infrastructure solutions providers. From the production and supply of explosives, blasting systems, mining chemicals and geotechnical monitoring to cutting-edge digital solutions and comprehensive range of services, Orica sustainably mobilize the earth’s resources. 07 Sep 2023, Orica is taking another step towards its purpose to sustainably mobilise the earth’s resources by announcing the commercial release of the world’s first lead-free non-electric detonator range, Exel™ Neo. Global technology leader and sole manufacturer of non-electric detonators in the Nordics, Orica has upgraded its premium Exel™ product range to a safer and more sustainable product by removing lead while maintaining the same consistent and reliable product performance.

Founded in 1952, Yahua Group is one of the earliest chemical companies in China. It currently has more than 6,000 employees and more than 70 wholly-owned and holding subsidiaries. Yahua Group currently has two main businesses: lithium industry and civil explosives. Yahua Civil Explosives currently has more than 20 production points.

Orica is one of the major players operating in the Electronic Detonator market, holding a share of 9.98% in 2023.

Segmentation Overview:

As for product types, the Copper Shell segment held the largest market share in 2022.

Application Overview:

By application, the Mining segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electronic Detonator market covered in Chapter 3:

Guotai Group
Enaex
Poly Union Group
Hanwha
Explosive CO.,Ltd.
Kailong Chemical
Yahua Group
Dyno Nobel
EPC Groupe
Guangdong Hongda
Schlumberger
Jiangnan Chemical
Huhua Group
Orica
AECI mining
King Explorer
Xinjiang Xuefeng

In Chapter 4 and Chapter 14.2, on the basis of types, the Electronic Detonator market from 2019 to 2030 is primarily split into:

Copper Shell
Paper Shell
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electronic Detonator market from 2019 to 2030 covers:

Mining
Quarrying
Construction Industries
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)