Corrosion Mapping Transducer Market is segmented by Type (Matrix, Wheeled Corrosion Mapping Transducer); by Application (Oil & Gas, Electricity, Aerospace, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032
Corrosion Mapping Transducer Market Overview
The quantitative way of inspecting a material for reduction in thickness due to oxidation or erosion is known as corrosion mapping. Corrosion mapping is done by using a nonintrusive technique which maps the thickness of the material by utilizing ultrasonic techniques. One of the major factors anticipated to drive the growth of the corrosion mapping transducer market is the growing concern for corrosion in several end-user industries. Olympus Corporation, PCTE – Papworths Construction Testing Equipment, and Testia SAS are some of the significant parties in the market for corrosion mapping transducer.
The global corrosion mapping transducer market was valued at USD 314.6 million in 2023. The market is expected to expand at a CAGR of 2.9% from 2023-2032, and is expected to cross value of USD 687.3 million by the end of 2032.
Corrosion Mapping Transducer Market Drivers
Some key drivers for the corrosion mapping transducer market are:
- Growing Concern for Corrosion in the Pipeline Industry: The rise in concerns in the oil & gas energy majorly for high level of corrosion observed in the pipelines that are used to transfer oil and gas, is raising the need for corrosion mapping solutions, and in turn, the demand for transducer.
- Rise in Awareness for Corrosion Mapping: The rise in awareness among the end-users for corrosion mapping solutions is also poised to contribute to the market growth.
- Increasing Adoption of IoT Solutions: With the growing adoption of industrial internet of things, the demand for corrosion mapping solutions, which can be operated remotely, is on the rise. Such a factor is also poised to boost the market growth.
- Surge in Concern for Corrosion in Aircraft: Aircraft corrosion is a major concern amongst the airline operators. As a result, the demand for corrosion mapping transducer is also on the rise.
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Corrosion Mapping Transducer Market Challenges
Some challenges facing the corrosion mapping transducer market are:
- Lack of Availability of Trained Professionals: The lack of knowledge for using a transducer for corrosion mapping is one of the major factors expected to hinder the market growth.
- Lower Awareness for Corrosion Mapping in Developing Nations: The lack of awareness for corrosion mapping solutions in developing nations is also expected to lower the market growth.
- High Price of Transducers: The high price of corrosion mapping transducers is further projected to limit the growth of the market in the coming years.
Corrosion Mapping Transducer Market Segmentation
Segmentation of corrosion mapping transducer market are:
- By Type
- Matrix
- Wheeled Corrosion Mapping Transducer
- By Application
- Oil & Gas
- Electricity
- Aerospace
- Others
- By Region
- North America (U.S., and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe)
- Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
- Latin America (Mexico, Argentina, Rest of Latin America)
- Middle East and Africa
Corrosion Mapping Transducer Market: Report Scope |
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Base Year Market Size |
USD 314.6 Million |
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Forecast Year Market Size |
USD 687.3 Million |
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CAGR Value |
2.9% |
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Segmentation |
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Challenges |
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Growth Drivers |
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Timeline considered for all these studies will be:
2023 – Base Year
2023 – Estimated Year
2023-2032 – Forecast Period
Corrosion Mapping Transducer Market Regional Synopsis
The Middle East & Africa corrosion mapping transducer market is poised to garner the largest market share owing to the presence of a strong oil and gas industry in the region, along with the presence of a strong pipeline network for transporting oil and gas. Further, the rise in exports of oil and gas from the region into other regions is also anticipated to drive the market growth forward.
The North America corrosion mapping transducer market is anticipated to grab a majority of the market share, backed by the presence of several manufacturers of these transducers. Also, the region has a large number of corrosion mapping solution providers, which is also projected to contribute to the market growth.
Corrosion Mapping Transducer Market Key Players
Some key players in the corrosion mapping transducer market are:
- Olympus Corporation
- PCTE – Papworths Construction Testing Equipment
- Testia SAS
- NDT-KITS (Honesdom International (HK) Limited
- Oceaneering International, Inc.
- Guangzhou Doppler Electronic Technologies Incorporated (DOPPLER)
- Primesonic
- Japan Probe Co., Ltd.
- Baker Hughes Company
- Phoenix Inspection Systems Limited
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- Publication date: 16th February 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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