North America Corrosion Monitoring Market, By Technique Type (Intrusive Techniques and Non- Intrusive Techniques), Type (Uniform and Localized), 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 and Mexico) Market Trends and Forecast to 2027.
Corrosion monitoring market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 11.3% in the forecast period of 2019 to 2027and expected to reach USD 197.80 million by 2027. Rising Initiative for cutting down cost of corrosion among industries is major factor driving the market.
The growing consumption of oil and gas has further increase the expansion of oil and gas pipeline across the countries. Owing to this factor it results in increasing demand for corrosion monitoring products.
This Corrosion Monitoring Market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America corrosion monitoring market is segmented on the basis of technique type, type, method type and end user. The growth among segments helps you analyse 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 technique type, the market is segmented into intrusive techniques and non- intrusive techniques. Intrusive techniques segment is dominates due to growing number of inspection checkpoints has result in increasing demand for corrosion monitoring among the end-use sector.
- On the basis of type, the market is segmented into uniform and localized uniform segment which is dominating due to rising spending on corrosion has increase the concern of company to perform the corrosion monitoring uniformly.
- On the basis of method type, the market is segmented into direct methods and indirect methods. Direct method accounted largest market share due to the growing demand for accurate results and real time analysis has increase demand for direct inspection.
Corrosion Monitoring Market Country Level Analysis
Corrosion monitoring market is analysed and market size information is provided by country, technique type, type, method type and end user.
The countries covered in corrosion monitoring market report are U.S, Canada and Mexico.
North America accounted largest market share is due to the growing consumption of oil has increase oil refiners in the U.S. has increase the demand for the monitoring tools for avoiding corrosion as corrosion increase the maintenance cost for the company.
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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Stringent Government Regulation and Safety Standards for Machine
Corrosion monitoring market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in corrosion monitoring and changes in regulatory scenarios with their support for the corrosion monitoring market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Corrosion Monitoring Market Share Analysis
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, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to North America corrosion monitoring market.
The major players covered in the 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, Cosasco, Metex Corporation Limited, Luna, Emerson Electric Co., , Rysco Corrosion Services Inc., Honeywell, Intertek Group plc, STORK, Baker Hughes Company and North America players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of corrosion monitoring market.
- In October 2016, Pepperl+Fuchs opened their distribution centre in Jurong this distribution centre helped the company to serve their better customers by shortening their delivery time. Also, this centre helped the company to expand their business in Singapore market.
- In March 2017, Sentry Equipment Corp launched new product Sentry Saf-T-Vise. This product has increase their production, mitigate materials failure in pipelines and processing equipment with enhancing their product portfolio. This partnership provides the benefit for organisation to improve their offering for corrosion monitoring through expanded range of size.
Customization Available: North America Corrosion Monitoring Market
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