The global corrosion monitoring market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market is driven by the increasing demand for corrosion monitoring systems in various industries such as chemical, oil and gas, power generation, and others. The increasing demand for corrosion monitoring systems in various industries such as chemical, oil and gas, power generation, and others is driving the growth of this market.
The ultrasonic monitoring segment accounted for the largest share of the global corrosion monitoring market in 2018 owing to its high accuracy level when compared with other types of monitors. This type also has a wide range of applications across different industries such as chemical processing plants, petrochemical plants, refineries & pipelines among others which are driving its growth globally.
North America accounted for the largest share in terms of revenue contribution due to high adoption rates across different industrial sectors including chemicals & petrochemicals industry which are major end-users for these products. Europe followed North America with a significant share owing to increased investments by companies into research & development activities related to these products over recent years which has led them towards adopting new technologies that have helped them improve their product offerings over time.
Some Of The Growth Factors Of This Market:
- The increasing demand for corrosion monitoring systems in the oil and gas industry is a major factor driving the growth of this market.
- The increasing number of accidents related to corrosion in the oil and gas industry is also driving the growth of this market.
- The need for accurate corrosion monitoring systems to prevent accidents in the oil and gas industry is also driving this market's growth.
- Increasing awareness about corrosion-related accidents among stakeholders such as government agencies, manufacturers, suppliers, etc, is another factor that will drive this market's growth over the forecast period (2016-2026).
- Increasing investments by governments across various countries to improve safety standards at offshore facilities are expected to fuel demand for corrosion monitoring systems over the forecast period (2016-2026).
Industry Growth Insights published a new data on “Corrosion Monitoring Market”. The research report is titled “Corrosion Monitoring Market research by Types (Ultrasonic Monitoring, Radiographic Monitoring, Guided wave Monitoring, Electromagnetic Monitoring, Destructive Monitoring, Other), By Applications (Chemical, Oil and Gas, Power Generation, Other), By Players/Companies Honeywell, ClampOn, Emerson, Intertek, SGS Group, Applied Corrosion Monitoring, Buckleys (UVRAL), ChemTreat, Korosi Specindo, Circul-Aire, Cosasco, Huguenot Laboratories, Icorr Technologies, Pyramid Technical Services, Rysco Corrosion Services, BAC Corrosion Control, Aquarius Technologies, Alabama Specialty Products”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Corrosion Monitoring Market Research Report
By Type
Ultrasonic Monitoring, Radiographic Monitoring, Guided wave Monitoring, Electromagnetic Monitoring, Destructive Monitoring, Other
By Application
Chemical, Oil and Gas, Power Generation, Other
By Companies
Honeywell, ClampOn, Emerson, Intertek, SGS Group, Applied Corrosion Monitoring, Buckleys (UVRAL), ChemTreat, Korosi Specindo, Circul-Aire, Cosasco, Huguenot Laboratories, Icorr Technologies, Pyramid Technical Services, Rysco Corrosion Services, BAC Corrosion Control, Aquarius Technologies, Alabama Specialty Products
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 Corrosion Monitoring Market Report Segments:
The global Corrosion Monitoring market is segmented on the basis of:
Types
Ultrasonic Monitoring, Radiographic Monitoring, Guided wave Monitoring, Electromagnetic Monitoring, Destructive Monitoring, Other
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
Chemical, Oil and Gas, Power Generation, Other
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:
- Honeywell
- ClampOn
- Emerson
- Intertek
- SGS Group
- Applied Corrosion Monitoring
- Buckleys (UVRAL)
- ChemTreat
- Korosi Specindo
- Circul-Aire
- Cosasco
- Huguenot Laboratories
- Icorr Technologies
- Pyramid Technical Services
- Rysco Corrosion Services
- BAC Corrosion Control
- Aquarius Technologies
- Alabama Specialty Products
Highlights of The Corrosion Monitoring 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:
- Ultrasonic Monitoring
- Radiographic Monitoring
- Guided wave Monitoring
- Electromagnetic Monitoring
- Destructive Monitoring
- Other
- By Application:
- Chemical
- Oil and Gas
- Power Generation
- Other
- 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 Corrosion Monitoring 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
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?
Corrosion monitoring is the process of continuously measuring and recording the rate, extent, and severity of corrosion on metal surfaces. Corrosion can cause structural failure in equipment or structures over time.
Some of the key players operating in the corrosion monitoring market are Honeywell, ClampOn, Emerson, Intertek, SGS Group, Applied Corrosion Monitoring, Buckleys (UVRAL), ChemTreat, Korosi Specindo, Circul-Aire, Cosasco, Huguenot Laboratories, Icorr Technologies, Pyramid Technical Services, Rysco Corrosion Services, BAC Corrosion Control, Aquarius Technologies, Alabama Specialty Products.
The corrosion monitoring market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Corrosion Monitoring 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. Corrosion Monitoring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Corrosion Monitoring Market - Supply Chain
4.5. Global Corrosion Monitoring Market Forecast
4.5.1. Corrosion Monitoring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Corrosion Monitoring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Corrosion Monitoring Market Absolute $ Opportunity
5. Global Corrosion Monitoring 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. Corrosion Monitoring Market Size and Volume Forecast by Type
5.3.1. Ultrasonic Monitoring
5.3.2. Radiographic Monitoring
5.3.3. Guided wave Monitoring
5.3.4. Electromagnetic Monitoring
5.3.5. Destructive Monitoring
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Corrosion Monitoring 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. Corrosion Monitoring Market Size and Volume Forecast by Application
6.3.1. Chemical
6.3.2. Oil and Gas
6.3.3. Power Generation
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Corrosion Monitoring 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. Corrosion Monitoring 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 Corrosion Monitoring 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. Corrosion Monitoring 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 Corrosion Monitoring Demand Share Forecast, 2019-2029
9. North America Corrosion Monitoring 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 Corrosion Monitoring 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 Corrosion Monitoring Market Size and Volume Forecast by Application
9.4.1. Chemical
9.4.2. Oil and Gas
9.4.3. Power Generation
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Corrosion Monitoring Market Size and Volume Forecast by Type
9.7.1. Ultrasonic Monitoring
9.7.2. Radiographic Monitoring
9.7.3. Guided wave Monitoring
9.7.4. Electromagnetic Monitoring
9.7.5. Destructive Monitoring
9.7.6. Other
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 Corrosion Monitoring Demand Share Forecast, 2019-2029
10. Latin America Corrosion Monitoring 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 Corrosion Monitoring 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 Corrosion Monitoring Market Size and Volume Forecast by Application
10.4.1. Chemical
10.4.2. Oil and Gas
10.4.3. Power Generation
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Corrosion Monitoring Market Size and Volume Forecast by Type
10.7.1. Ultrasonic Monitoring
10.7.2. Radiographic Monitoring
10.7.3. Guided wave Monitoring
10.7.4. Electromagnetic Monitoring
10.7.5. Destructive Monitoring
10.7.6. Other
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 Corrosion Monitoring Demand Share Forecast, 2019-2029
11. Europe Corrosion Monitoring 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 Corrosion Monitoring 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 Corrosion Monitoring Market Size and Volume Forecast by Application
11.4.1. Chemical
11.4.2. Oil and Gas
11.4.3. Power Generation
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Corrosion Monitoring Market Size and Volume Forecast by Type
11.7.1. Ultrasonic Monitoring
11.7.2. Radiographic Monitoring
11.7.3. Guided wave Monitoring
11.7.4. Electromagnetic Monitoring
11.7.5. Destructive Monitorin
11.7.6. Other
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 Corrosion Monitoring Demand Share, 2019-2029
12. Asia Pacific Corrosion Monitoring 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 Corrosion Monitoring 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 Corrosion Monitoring Market Size and Volume Forecast by Application
12.4.1. Chemical
12.4.2. Oil and Gas
12.4.3. Power Generation
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Corrosion Monitoring Market Size and Volume Forecast by Type
12.7.1. Ultrasonic Monitoring
12.7.2. Radiographic Monitoring
12.7.3. Guided wave Monitoring
12.7.4. Electromagnetic Monitoring
12.7.5. Destructive Monitoring
12.7.6. Other
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 Corrosion Monitoring Demand Share, 2019-2029
13. Middle East & Africa Corrosion Monitoring 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 Corrosion Monitoring 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 Corrosion Monitoring Market Size and Volume Forecast by Application
13.4.1. Chemical
13.4.2. Oil and Gas
13.4.3. Power Generation
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Corrosion Monitoring Market Size and Volume Forecast by Type
13.7.1. Ultrasonic Monitoring
13.7.2. Radiographic Monitoring
13.7.3. Guided wave Monitoring
13.7.4. Electromagnetic Monitoring
13.7.5. Destructive Monitoring
13.7.6. Other
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 Corrosion Monitoring Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Corrosion Monitoring Market: Market Share Analysis
14.2. Corrosion Monitoring Distributors and Customers
14.3. Corrosion Monitoring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ClampOn
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. Intertek
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SGS Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Applied Corrosion Monitoring
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Buckleys (UVRAL)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ChemTreat
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Korosi Specindo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Circul-Aire
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Cosasco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Huguenot Laboratories
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Icorr Technologies
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Pyramid Technical Services
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Rysco Corrosion Services
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. BAC Corrosion Control
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Aquarius Technologies
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Alabama Specialty Products
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
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
