The global demand for Blast Resistant Modular Buildings Market is presumed to reach the market size of nearly USD 316.1 MN by 2030 from USD 182.61 MN in 2022 with a CAGR of 7.1% under the study period 2023 - 2030.
A blast-resistant modular building is a construction that is designed to withstand significant explosions and to protect lives and equipment in hazardous environments like those encountered at oil refineries, chemical processing plants, or similar operations. In addition, they ensure the safety of occupants from potential hazards that reside in hazard zones. Blast-resistant modular buildings are also termed blast-resistant modules or blast-resistant units. These are built with thick steel walls that can sustain a high level of blast pressure. Other internal fixtures such as cabinetry, light fixtures, electrical, and plumbing are all designed with same assurances.
Market Dynamics
The global blast-resistant modular buildings market is projected to grow at a steady rate during the forecast period. Rising cases of blasts across industries, including oil refineries, chemical processing, and other and significant loss of property and personnel during such events, are likely to grow demand for blast resistant modular buildings. Petroleum and chemical processing deals with potentially dangerous materials and processes, thus are more subjected to explosion disasters. The world has witnessed the worst disaster in the recent decade. Significant loss of lives and loss of property, also industrialization have increased the hazard, risk, and vulnerability to the industry and the environment. All these factors are predicted to swell investment in the blast-resistant modular buildings market. However, inadequate regulations, lack of skilled professionals to build such structures, and the high cost of material required to construct the building are several factors contributing to the hindrance.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of blast resistant modular buildings. The growth and trends of blast resistant modular buildings industry provide a holistic approach to this study.
Market Segmentation
This section of the blast resistant modular buildings market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Under 200 Ft2
- 200-500 Ft2
- 500-1000 Ft2
- Others
By Application
- Sale Channel
- Rent Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Blast Resistant Modular Buildings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Blast Resistant Modular Buildings Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Blast Resistant Modular Buildings market include Hunter Buildings, RedGuard Specialist Services, Satellite Shelters, MineARC Systems, Parkline, Inc., Elliott Group Ltd., Module X Solutions, Eldapoint, Pac-Van, Inc., Hallwood Modular Buildings, LLC, Paramount Structures Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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