1 Introduction of Electronic Detonator Market
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.
2 Global Electronic Detonator Market Revenue and Volume
The market size for electronic detonators was 561.26 M USD in 2019, and it is projected to reach 10,195.94 M USD by 2030. From 2019 to 2030, the market is expected to grow by 9,634.68 M USD, indicating a significant increase in the market size of electronic detonators over this period.
The year with the highest growth in electronic detonator Revenue was 2022, with a growth rate of 74.53%. This indicates that the revenue experienced the most significant increase in 2022 compared to the previous years.
Figure Global Electronic Detonator Revenue (M USD) and Growth Rate (2019-2030)
The market production was 82,723 units in 2019, and it is projected to reach 2,648,424 units by 2030. From 2019 to 2030, the market production is expected to grow by 2,565,701 units, indicating a significant increase in the production of electronic detonators over this period.
The year with the highest growth was 2022, with a growth rate of 99.74%. This indicates that the production of electronic detonators experienced the most significant increase in 2022 compared to other years in the given period.
Figure Global Electronic Detonator Production (K Units) and Growth Rate (2019-2030)
3 Different Types of Electronic Detonator Market
In 2023, the market size for different types of electronic detonators was as follows: copper shell at $1,925.92 million, paper shell at $261.33 million, and others at $44.72 million. The total market size was $2,231.97 million.
By 2030, the market size is projected to be $8,601.76 million for copper shell, $1,085.92 million for paper shell, and $508.26 million for others, with a total market size of $10,195.94 million.
The Compounded Annual Growth Rate (CAGR) from 2023 to 2030 is 23.84% for copper shell, 22.57% for paper shell, and 41.51% for others, with an overall CAGR of 24.24% for the total market. The copper shell type has the largest market size, while the others category has the smallest.
Table Market Segment by Type
Item | Description |
Copper Shell | It is distinguished according to the shell material of Electronic Detonator. This type refers to the shell material being copper metal. |
Paper Shell | This type refers to products whose shell material is paper. The paper shell has insufficient compressive strength and easily absorbs moisture. |
Others | This type refers to products whose shell material is steel or other metal materials. |
Table Market Size (M USD) Growth Rate Analysis by Type 2023 VS 2030
| 2023 | 2030 | CAGR (2023-2030) |
Copper Shell | 1925.92 | 8601.76 | 23.84% |
Paper Shell | 261.33 | 1085.92 | 22.57% |
Others | 44.72 | 508.26 | 41.51% |
Total | 2231.97 | 10195.94 | 24.24% |
4 Different Applications of Electronic Detonator Market
In 2023, the consumption of electronic detonators by application was as follows: mining at 304,085 units, quarrying at 124,205 units, construction industries at 80,285 units, and others at 76,995 units. The total consumption was 585,569 units.
By 2030, the projected consumption is 1,360,906 units for mining, 514,215 units for quarrying, 412,524 units for construction industries, and 360,778 units for others, with a total consumption of 2,648,424 units.
The Compounded Annual Growth Rate (CAGR) from 2023 to 2030 is 23.87% for mining, 22.50% for quarrying, 26.34% for construction industries, and 24.69% for others, with an overall CAGR of 24.06% for the total market. The largest consumption is projected for mining, while the smallest is for others.
Table Market Segment by Applications
Item | Description |
Mining | Mining is the extraction of valuable minerals or other geological materials from the earth. This extraction is usually from an ore body, vein, vein, seam, reef or placer deposit. Mining is an underground operation. This application refers to the application of Electronic Detonator in blasting mining of coal, metal, etc. |
Quarrying | Quarrying is the process of removing rock, sand, gravel or other minerals from the ground in order to use them to produce materials for construction or other uses. So, a quarry is any such working on the surface of the earth where minerals are extracted. This application refers to the application of Electronic Detonator in blasting mining of rocks, sand, gravel, etc. |
Construction Industries | It refers to the use of Electronic Detonator in blasting projects such as tunnel construction and water conservancy projects. |
Table Market Consumption (K Units) Comparison by Application: 2019 VS 2023 VS 2030
| 2023 | 2030 | CAGR (2023-2030) |
Mining | 304085 | 1360906 | 23.87% |
Quarrying | 124205 | 514215 | 22.50% |
Construction Industries | 80285 | 412524 | 26.34% |
Others | 76995 | 360778 | 24.69% |
Total | 585569 | 2648424 | 24.06% |
5 Global Production of Electronic Detonator by Regions
In 2019, the production of electronic detonators by region was as follows: North America with 6,274 units, Europe with 4,583 units, China with 68,140 units, and Others with 3,726 units.
In 2023, the production of electronic detonators by region was as follows: North America with 15,174 units, Europe with 1,1443 units, China with 547,534 units, and Others with 11,418 units.
Compared to 2019, North America increased by 8,900 units, Europe by 6,860 units, China by 479,394 units, and Others by 7,692 units.
Table Production (K Units) by Regions 2019-2023
| 2019 | 2020 | 2021 | 2022 | 2023 |
North America | 6274 | 8006 | 10356 | 12655 | 15174 |
Europe | 4583 | 5758 | 7041 | 9529 | 11443 |
China | 68140 | 117283 | 164396 | 344041 | 547534 |
Others | 3726 | 4122 | 5218 | 7317 | 11418 |
Total | 82723 | 135169 | 187011 | 373542 | 585569 |
6 North America Electronic Detonator Market Consumption by Country
In North America, the electronic detonator consumption by country from 2019 to 2023 was as follows: The United States consumed 4,249 units in 2019, increasing to 7,588 units by 2023. Canada’s consumption was 1,992 units in 2019, rising to 3,632 units in 2023. The total consumption in North America grew from 6,241 units in 2019 to 11,220 units in 2023.
Table North America Consumption (K Units) by Country (2019-2023)
| 2019 | 2020 | 2021 | 2022 | 2023 |
United States | 4249 | 4675 | 5279 | 6390 | 7588 |
Canada | 1992 | 2215 | 2514 | 3041 | 3632 |
Total | 6241 | 6890 | 7793 | 9431 | 11220 |
Figure U.S. Electronic Detonator Consumption (K Units) and Growth (2019-2023)
Figure Canada Electronic Detonator Consumption (K Units) and Growth (2019-2023)
7 Europe Electronic Detonator Market Consumption by Country
In 2023, the consumption of Electronic Detonators in Europe by country was as follows: Germany with 1,078 units, UK with 918 units, France with 891 units, Italy with 488 units, Russia with 376 units, and Others with 1,483 units. Compared to 2019, Germany increased by 413 units, UK by 349 units, France by 339 units, Italy by 197 units, Russia by 153 units, and Others by 590 units.
Table Europe Consumption (K Units) by Country (2019-2023)
| 2019 | 2020 | 2021 | 2022 | 2023 |
Germany | 665 | 722 | 794 | 938 | 1078 |
UK | 569 | 611 | 682 | 800 | 918 |
France | 552 | 596 | 656 | 772 | 891 |
Italy | 291 | 321 | 355 | 421 | 488 |
Russia | 223 | 242 | 270 | 323 | 376 |
Others | 893 | 967 | 1074 | 1277 | 1483 |
Total | 3193 | 3459 | 3831 | 4532 | 5233 |
8 Asia Pacific Electronic Detonator Market Consumption by Country
In 2023, the consumption of electronic detonators in the Asia Pacific region by country was as follows: China with 537,673 units, Australia with 5,824 units, and Others with 8,969 units. In 2019, the consumption was 58,068 units for China, 3,038 units for Australia, and 4,648 units for Others.
Table Asia Pacific Electronic Detonator Consumption (K Units) by Country (2019-2023)
| 2019 | 2020 | 2021 | 2022 | 2023 |
China | 58068 | 108164 | 155658 | 333992 | 537673 |
Australia | 3038 | 3360 | 3889 | 4948 | 5824 |
Others | 4648 | 5121 | 6008 | 7718 | 8969 |
Total | 65754 | 116646 | 165555 | 346658 | 552466 |
9 Latin America Electronic Detonator Market Consumption by Country
In 2023, the consumption of electronic detonators in Latin America by country was as follows: Brazil with 2,480 units, Mexico with 1,798 units, and Others with 3,273 units. In 2019, the consumption was 1,276 units for Brazil, 943 units for Mexico, and 1,695 units for Others.
Table Latin America Electronic Detonator Consumption (K Units) by Country (2019-2023)
| 2019 | 2020 | 2021 | 2022 | 2023 |
Brazil | 1276 | 1417 | 1646 | 2098 | 2480 |
Mexico | 943 | 1042 | 1205 | 1529 | 1798 |
Others | 1695 | 1880 | 2181 | 2777 | 3273 |
Total | 3914 | 4339 | 5031 | 6405 | 7551 |
