The future of the global acoustic emission testing market looks promising with opportunities in the storage tank, pipeline, aging aircraft, and turbine markets. The global acoustic emission testing market is expected to reach an estimated $0.7 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are government programs that facilitate the efficient application of ndt, increasing awareness of plant safety as well as the need for asset health monitoring, and improvement in productivity as manufacturers focus more on installing acoustic emission testing.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the acoustic emission testing
market by equipment (sensors, amplifiers, detection instruments, calibrators,
and others), application (storage tank, pipeline, aging aircraft, turbine, and
others), service (inspection and calibration), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, sensors,
amplifiers, detection instruments, and calibrators are the major segments of
acoustic emission testing market by equipment. Lucintel forecasts that sensors
will remain the largest segment over the forecast period because it has the
ability to offer information related to physical aspects.Within this market,
storage tank will remain the largest segment because it is acknowledged to
acoustic emission testing, which finds defects or leaks early on.
APAC will remain the
largest region over the forecast period due to growing demand for operative
solutions for structural monitoring in this region, as well as, rapid
development in infrastructure and manufacturing of defense aircraft.
Olympus Corporation,
Mistras Group, Sgs, Tuv Rheinland, Bureau Veritas, Vallen Systeme, Tuv Nord
Group, Parker Hannifin, Kompass, and Aruda Engineering are the major suppliers
in the acoustic emission testing market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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