Market Overview:
The global acoustic emission (AE) equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth of the AE equipment market can be attributed to the increasing demand for AE equipment from various end-use industries, such as bulk tanks, pressure vessels, compressed-gas cylinders & tube trailers, pipeline & high energy piping, transmission and distribution electricity networks, and others. In addition, the growing awareness about safety and security among consumers is also propelling the growth of the AE equipment market.
 Equipment Industry Outlook.svg)
Product Definition:
Acoustic emission (AE) equipment is used to detect the sound waves that are emitted when a material fails. These sound waves can be used to identify the type of failure and help determine the cause.
Testing Equipment:
Testing equipment is used to measure the level of noise emission from various types of equipment. The testing process involves the use of test instruments which are connected to a source of electrical energy by means of an electric circuit. This measuring instrument then emits a series or pulse-like waveform which is received and recorded by another instrument, also known as an analyzer, that displays either the total amount or average value for a certain period at set intervals.
Data Acquisition Equipment:
Data acquisition (DAQ) equipment is used to measure the physical parameters of a system. It consists of hardware and software that helps in collecting data from various sensors installed in the system. The data is further transmitted to a computer for analysis where results are displayed graphically.
Data acquisition (DAQ) equipment consists of hardware.
Application Insights:
Pipeline and distribution was the largest application segment in 2017. The growth can be attributed to the growing demand for electricity across developing countries such as India, China, Thailand, Indonesia etc. Transmission and distribution is anticipated to grow at a significant rate over the forecast period owing to its ability of AE monitoring for leaks & cracks thus increasing efficiency of oil & gas networks.
The bulk tanks segment is expected to witness steady growth over the forecast period due largely to its usage in petroleum products such as gasoline/diesel fuel among others which are highly viscous liquids hence require high-quality acoustic signals for detection of any abnormalities in storage tanks thus ensuring efficient operations with maximum safety margins.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness significant growth owing to increasing demand for oil & gas, chemical processing, power generation, and other industries. In addition, rising government initiatives such as “Make in India†campaign by the Indian government are expected to boost manufacturing activities across various sectors including automotive and electronics resulting in increased product usage across end-use industries such as construction and transportation.
Growth Factors:
- Increasing demand for acoustic emission testing in the aerospace and defense industries to detect and prevent potential failures of critical components
- Growing popularity of acoustic emission technology for condition monitoring of rotating machinery, pipelines, and other industrial assets
- Proliferation of smart factories that use AE equipment for real-time fault detection and predictive maintenance
- Rising demand from the automotive industry for advanced quality control during manufacturing process
- Emergence of new applications such as non-destructive testing (NDT) and health monitoring that will fuel the growth of acoustic emission equipment market in future
Scope Of The Report
Report Attributes
Report Details
Report Title
Acoustic Emission (AE) Equipment Market Research Report
By Type
Testing Equipment, Data Acquisition Equipment, Analysis Equipment, Others
By Application
Bulk Tanks, Pressure Vessels, Compressed-Gas Cylinders & Tube Trailers, Pipeline & High Energy Piping, Transmission and Distribution Electricity Networks, Others
By Companies
MISTRAS Group, Vallen Systeme, Emerson, Hexagon Digital Wave, Physical Acoustics, Kitiwake Holroyd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Acoustic Emission (AE) Equipment Market Report Segments:
The global Acoustic Emission (AE) Equipment market is segmented on the basis of:
Types
Testing Equipment, Data Acquisition Equipment, Analysis Equipment, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bulk Tanks, Pressure Vessels, Compressed-Gas Cylinders & Tube Trailers, Pipeline & High Energy Piping, Transmission and Distribution Electricity Networks, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MISTRAS Group
- Vallen Systeme
- Emerson
- Hexagon Digital Wave
- Physical Acoustics
- Kitiwake Holroyd
 Equipment Market Overview.svg)
Highlights of The Acoustic Emission (AE) Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Testing Equipment
- Data Acquisition Equipment
- Analysis Equipment
- Others
- By Application:
- Bulk Tanks
- Pressure Vessels
- Compressed-Gas Cylinders & Tube Trailers
- Pipeline & High Energy Piping
- Transmission and Distribution Electricity Networks
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Acoustic Emission (AE) Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Equipment Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Acoustic emission (AE) equipment is a type of machine that emits sound waves. This equipment is used to measure the properties of materials, such as their acoustic impedance or acoustic reflectivity.
Some of the key players operating in the acoustic emission (ae) equipment market are MISTRAS Group, Vallen Systeme, Emerson, Hexagon Digital Wave, Physical Acoustics, Kitiwake Holroyd.
The acoustic emission (ae) equipment market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Acoustic Emission (AE) Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Acoustic Emission (AE) Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Acoustic Emission (AE) Equipment Market - Supply Chain
4.5. Global Acoustic Emission (AE) Equipment Market Forecast
4.5.1. Acoustic Emission (AE) Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Acoustic Emission (AE) Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Acoustic Emission (AE) Equipment Market Absolute $ Opportunity
5. Global Acoustic Emission (AE) Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Type
5.3.1. Testing Equipment
5.3.2. Data Acquisition Equipment
5.3.3. Analysis Equipment
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Acoustic Emission (AE) Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Application
6.3.1. Bulk Tanks
6.3.2. Pressure Vessels
6.3.3. Compressed-Gas Cylinders & Tube Trailers
6.3.4. Pipeline & High Energy Piping
6.3.5. Transmission and Distribution Electricity Networks
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Acoustic Emission (AE) Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Acoustic Emission (AE) Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Acoustic Emission (AE) Equipment Demand Share Forecast, 2019-2026
9. North America Acoustic Emission (AE) Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Application
9.4.1. Bulk Tanks
9.4.2. Pressure Vessels
9.4.3. Compressed-Gas Cylinders & Tube Trailers
9.4.4. Pipeline & High Energy Piping
9.4.5. Transmission and Distribution Electricity Networks
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Type
9.7.1. Testing Equipment
9.7.2. Data Acquisition Equipment
9.7.3. Analysis Equipment
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Acoustic Emission (AE) Equipment Demand Share Forecast, 2019-2026
10. Latin America Acoustic Emission (AE) Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Application
10.4.1. Bulk Tanks
10.4.2. Pressure Vessels
10.4.3. Compressed-Gas Cylinders & Tube Trailers
10.4.4. Pipeline & High Energy Piping
10.4.5. Transmission and Distribution Electricity Networks
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Type
10.7.1. Testing Equipment
10.7.2. Data Acquisition Equipment
10.7.3. Analysis Equipment
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Acoustic Emission (AE) Equipment Demand Share Forecast, 2019-2026
11. Europe Acoustic Emission (AE) Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Application
11.4.1. Bulk Tanks
11.4.2. Pressure Vessels
11.4.3. Compressed-Gas Cylinders & Tube Trailers
11.4.4. Pipeline & High Energy Piping
11.4.5. Transmission and Distribution Electricity Networks
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Type
11.7.1. Testing Equipment
11.7.2. Data Acquisition Equipment
11.7.3. Analysis Equipment
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Acoustic Emission (AE) Equipment Demand Share, 2019-2026
12. Asia Pacific Acoustic Emission (AE) Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Application
12.4.1. Bulk Tanks
12.4.2. Pressure Vessels
12.4.3. Compressed-Gas Cylinders & Tube Trailers
12.4.4. Pipeline & High Energy Piping
12.4.5. Transmission and Distribution Electricity Networks
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Type
12.7.1. Testing Equipment
12.7.2. Data Acquisition Equipment
12.7.3. Analysis Equipment
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Acoustic Emission (AE) Equipment Demand Share, 2019-2026
13. Middle East & Africa Acoustic Emission (AE) Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Application
13.4.1. Bulk Tanks
13.4.2. Pressure Vessels
13.4.3. Compressed-Gas Cylinders & Tube Trailers
13.4.4. Pipeline & High Energy Piping
13.4.5. Transmission and Distribution Electricity Networks
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Acoustic Emission (AE) Equipment Market Size and Volume Forecast by Type
13.7.1. Testing Equipment
13.7.2. Data Acquisition Equipment
13.7.3. Analysis Equipment
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Acoustic Emission (AE) Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Acoustic Emission (AE) Equipment Market: Market Share Analysis
14.2. Acoustic Emission (AE) Equipment Distributors and Customers
14.3. Acoustic Emission (AE) Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. MISTRAS Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Vallen Systeme
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Emerson
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hexagon Digital Wave
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Physical Acoustics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kitiwake Holroyd
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.
