Global Corrosion Monitoring Market, By Type (Uniform, Localized), Technique Type (Intrusive Techniques and Non- Intrusive Techniques), Method Type (Direct Methods and Indirect Methods), End User (Oil &Gas, Chemicals/Petrochemical Plants, Pulp & Paper, Water/ Wastewater & LNG and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Corrosion Monitoring Market
The corrosion monitoring market is expected to witness market growth at a rate of 8.45% in the forecast period of 2021 to 2028. Data Bridge Market Research report on corrosion monitoring market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the demand for the technology from various industry verticals is escalating the growth of corrosion monitoring market.
Corrosion monitoring systems refer to the systems that possess applications where the risks of operation are high such as areas where corrosion inhibitors are generally utilized, and other processes are done involving high corrosion. The systems are considered essential to maintain safety standards in batch productions.
The increase in the awareness in end-use industries acts as one of the major factors driving the growth of corrosion monitoring market. The rise in the demand for corrosion monitoring techniques as they provide a direct and online measurement of metal loss and corrosion rate in industries and large number of ageing infrastructure in old industries accelerate the market growth. The rise in the utilization of the technique for estimating metal loss and taking preventive measures such as electrical resistance, linear polarization, weight loss coupons, hydrogen penetration, microbial and galvanic current and implementation of stringent environmental regulations and safety standards further influence the market. Additionally, expansion of end-use industries, urbanization and digitization, and upcoming projects in downstream sector of oil & gas industry positively affect the corrosion monitoring market. Furthermore, rise in use in power, chemicals, manufacturing, and other industries extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the corrosion monitoring equipment and slowdown in oil & gas upstream industry are expected to obstruct the market growth. Difficulty in obtaining accurate reading and installation of equipment in critical conditions are projected to challenge the corrosion monitoring market in the forecast period of 2021-2028.
This corrosion monitoring market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info corrosion monitoring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Corrosion Monitoring Market Scope and Market Size
The corrosion monitoring market is segmented on the basis of type, technique type, method type, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component type, the corrosion monitoring market is segmented into uniform and localized.
- On the basis of technique type, the corrosion monitoring market is segmented into intrusive techniques and non- intrusive techniques.
- On the basis of method type, the corrosion monitoring market is segmented into direct methods and indirect methods.
- Based on end user, the corrosion monitoring market is segmented into oil &gas, chemicals/petrochemical plants, pulp & paper, water/ wastewater & LNG and others.
Global Corrosion Monitoring Market Country Level Analysis
The corrosion monitoring market is analyzed and market size, volume information is provided by country, type, technique type, method type and end user as referenced above.
The countries covered in the global corrosion monitoring market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the corrosion monitoring market due to the increase in the shale gas exploration activities within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the increasing industrial activities in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Corrosion Monitoring Market Share Analysis
The corrosion monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to corrosion monitoring market.
The major players covered in the corrosion monitoring market report are Corr Instruments, LLC, Pepperl+Fuchs, ACM Instruments, Midroc Europe, ICORR Technologies, Sentry Equipment Corp., Berkeley Springs Instruments LLC.,Matergenics Inc., CLAMPON AS, Applus+, Aegion Corporation, SGS SA, Cosasco, Metex Corporation Limited, Luna, Emerson Electric Co., Yokogawa Electric Corporation, Rysco Corrosion Services Inc., Honeywell, Intertek Group plc, STORK, and Baker Hughes Company, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.