Global Corrosion Monitoring Market By Type (Intrusive Techniques, Non-Intrusive Techniques), Technique (Corrosion Coupons, Electrical Resistance, Linear Polarization Resistance, Galvanic Technique, Ultrasonic Thickness Measurement, Other Techniques), End- User (Oil & Gas, Chemicals, Manufacturing, Power Generation, Pulp& Paper, Other Industries), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Corrosion Monitoring Market
Global corrosion monitoring market is set to witness substantial CAGR of 9.16% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for accurate corrosion monitoring techniques and rising demand from power, manufacturing, chemical and other industries are factor for the growth of this market.
Market Definition: Global Corrosion Monitoring Market
Corrosion monitoring is a system which is used in plants, facilities, industrial materials so that they can monitor any sign of the corrosion. There main function is to control and prevent the corrosion. There are different techniques which are used in corrosion monitoring such as corrosion coupons, linear polarization techniques, galvanic techniques, electrical resistance and others. They also has the ability to detect the cause and location of the corrosion and are very useful as it increase safety and provide maintenance. They are widely used in industries such as manufacturing, pulp and paper, power generation, and others.
Market Drivers:
- Increasing projects in downstream sector of oil & gas industry is driving market growth
- Strict environmental regulations and safety standards will also accelerate the growth of this market
- Rising rate of corrosion of the machinery will also enhance the market growth
- Growth in urbanization and increasing usage of concrete structures in construction will also propel the market growth
Market Restraints:
- High price of the corrosion monitoring equipment will restrain the market growth
- Setback in the oil & gas upstream industry is also hampering the growth of this market
- Dearth of proper technology is also restricting the market growth
Segmentation: Global Corrosion Monitoring Market
By Type
- Intrusive Techniques
- Non-Intrusive Techniques
By Technique
- Corrosion Coupons
- Electrical Resistance
- Linear Polarization Resistance
- Galvanic Technique
- Ultrasonic Thickness Measurement
- Other Techniques
By End- User
- Oil & Gas
- Upstream
- Midstream
- Downstream
- Chemicals
- Manufacturing
- Pharmaceutical Industry
- Automotive Industry
- Food Industry
- Power Generation
- Conventional Power Generation
- Unconventional Power Generation
- Pulp& Paper
- Other Industries
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- U.K.
- France
- Spain
- Netherlands
- Belgium
- Switzerland
- Turkey
- Russia
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Egypt
- Israel
- Rest of Middle East and Africa
Key Developments in the Market:
- In September 2018, Emerson announced the launch of their pipeline integrity management system Roxar FSM Log 48 Area Corrosion Monitor. This is specially designed so that it can help the operators to track the corrosion and provide cost effective pipeline even in challenging environment. This new system will provide accurate corrosion detection and has the ability track large area of pipeline
- In October 2016, Emersons announced that they have acquired Permasense. The main aim of the acquisition is to expand them in the markets and strengthen their position in the market. With the help of the Permasense new technologies, they will be able to provide corrosion monitoring solution to their customers. The Permasense product range will be part of the company’s Rosemount portfolio of measurement and analytical technologies
Competitive Analysis
Global corrosion monitoring market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of corrosion monitoring market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Competitors/Players
Few of the major competitors currently working in the global corrosion monitoring market are SGS SA, Cosasco, Rysco Corrosion Services Inc., Midroc Europe, ACM Instruments, Emerson Electric Co., ICORR Technologies, PYRAMID TECHNICAL SERVICES PVT. LTD., JIREH Industries, Maksur Analytical Systems, CMS, Inc, Himoya Corrosion Technology Pvt. Ltd., Caproco Ltd., Caltech Engineering Services, VIMSL, Baker Hughes, PMAC SYSTEMS., Hevasure - Intelligent Corrosion Solutions, and others.
Research Methodology: Global Corrosion Monitoring Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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