Market Overview:
The global acoustic emission testing system market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for acoustic emission testing systems from various end-use industries, such as oil & gas, chemical, construction, energy and others. In addition, the growing awareness about safety and health among workers is also propelling the demand for acoustic emission testing systems across the globe.
Product Definition:
An acoustic emission testing system is a device that is used to detect the presence of sound waves. It can be used to detect leaks, cracks, or other defects in a structure. The system typically consists of a microphone and amplifier that are connected to a computer. The computer can then display the results in real-time or save them for later analysis.
Portable:
Portable is a device that can be transported from one place to another without being disassembled or put together. It has certain advantages over the conventional testing systems such as it's easy to use, flexible and economical. Portable systems are used for emission testing of construction equipment, compressors, industrial gas turbines and power plants among others.
Desktop:
The global desktop market is expected to witness significant growth over the forecast period. The growth can be attributed to factors such as increasing demand for laptops and tablets coupled with growing adoption of cloud computing.
Technological advancements in areas such as miniaturization have resulted in making devices light-weight which further helps in improving user experience regarding mobility.
Application Insights:
The oil & gas segment dominated the global market in terms of revenue in 2017. The growth can be attributed to the rising demand for acoustic emission testing systems from various industries such as upstream, midstream and downstream. Acoustic emission testing is used to analyze the quality of natural gas and petroleum products such as crude oil, natural gas liquids (NGLs), and synthetic petroleum products.
The chemical segment is expected to witness significant growth over the forecast period owing to increasing product demand across end-use industries including automotive, construction materials, energy generation sectors among others. Chemicals are substances that are usually gray or brownish in color and consist of a large number of molecules called elements; these chemicals have different characteristics depending on their atomic composition (chemical element).
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period owing to increasing demand for emission testing systems from end-users, such as oil and gas, chemical and construction industries. Stringent government regulations coupled with growing awareness among consumers regarding environmental protection are some factors driving regional growth.
Asia Pacific acoustic emission testing system market is expected to grow at a lucrative rate over the forecast period due to rising investments by major players in countries like China and India for manufacturing low-cost devices. In addition, increasing number of automotive manufacturers including Honda Motor Co., Ltd.; Suzuki Motor Corporation; Tata Motors Ltd.; Hyundai Motor Company; Mahindra & Mahindra Limited; Royal Enfield Financial Services Limited have their manufacturing facilities located across Asia Pacific countries which will boost product demand further over the next eight years.
Growth Factors:
- Increasing demand from the automotive industry for acoustic emission testing to detect and prevent potential failures in vehicles
- Growing popularity of acoustic emission testing as a nondestructive inspection method for composite materials
- Rising demand from the aerospace industry for acoustic emission testing to detect and prevent potential failures in aircrafts
- Increasing use of acoustic emission testing in the construction and infrastructure industries to inspect welds, pipelines, and other structural components
- Technological advancements that make acoustic emission testing systems more efficient, accurate, and user-friendly
Scope Of The Report
Report Attributes
Report Details
Report Title
Acoustic Emission Testing System Market Research Report
By Type
Portable, Desktop
By Application
Oil & Gas, Chemical, Construction, Energy, Others
By Companies
MISTRAS Group, Vallen Systeme GmbH, Hexagon, PengXiang Technology, QingCheng AE Institute, Beijing Softland Times Scientific & Technology
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
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Acoustic Emission Testing System Market Report Segments:
The global Acoustic Emission Testing System market is segmented on the basis of:
Types
Portable, Desktop
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
Oil & Gas, Chemical, Construction, Energy, 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 GmbH
- Hexagon
- PengXiang Technology
- QingCheng AE Institute
- Beijing Softland Times Scientific & Technology
Highlights of The Acoustic Emission Testing System 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:
- Portable
- Desktop
- By Application:
- Oil & Gas
- Chemical
- Construction
- Energy
- 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 Testing System 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?
An acoustic emission testing system is a type of equipment used to measure the amount of noise emitted from an object. This system can be used to test objects such as engines, aircraft, and machinery.
Some of the major companies in the acoustic emission testing system market are MISTRAS Group, Vallen Systeme GmbH, Hexagon, PengXiang Technology, QingCheng AE Institute, Beijing Softland Times Scientific & Technology.
The acoustic emission testing system market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Acoustic Emission Testing System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Acoustic Emission Testing System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Acoustic Emission Testing System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Acoustic Emission Testing System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Acoustic Emission Testing System Market Size & Forecast, 2020-2028
4.5.1 Acoustic Emission Testing System Market Size and Y-o-Y Growth
4.5.2 Acoustic Emission Testing System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Portable
5.2.2 Desktop
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Chemical
6.2.3 Construction
6.2.4 Energy
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Acoustic Emission Testing System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Acoustic Emission Testing System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Portable
9.6.2 Desktop
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Chemical
9.10.3 Construction
9.10.4 Energy
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Portable
10.6.2 Desktop
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Chemical
10.10.3 Construction
10.10.4 Energy
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Portable
11.6.2 Desktop
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Chemical
11.10.3 Construction
11.10.4 Energy
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Portable
12.6.2 Desktop
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Chemical
12.10.3 Construction
12.10.4 Energy
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Portable
13.6.2 Desktop
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Chemical
13.10.3 Construction
13.10.4 Energy
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Acoustic Emission Testing System Market: Competitive Dashboard
14.2 Global Acoustic Emission Testing System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MISTRAS Group
14.3.2 Vallen Systeme GmbH
14.3.3 Hexagon
14.3.4 PengXiang Technology
14.3.5 QingCheng AE Institute
14.3.6 Beijing Softland Times Scientific & Technology
