Market Overview:
The global magnetic flaw detectors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for magnetic flaw detectors in the automotive, aerospace, oil & gas and general industry applications. Magnetic yokes and potable units are the most commonly used type of magnetic flaw detectors and are expected to dominate the market during the forecast period. North America is estimated to account for majority of the share in terms of revenue in 2018, followed by Europe and Asia Pacific.
Product Definition:
A magnetic flaw detector is a device used to detect defects in ferromagnetic materials. These devices use the principle of flux leakage to detect flaws by measuring the change in magnetic flux caused by a defect. Magnetic flaw detectors are important because they can be used to quickly and accurately identify flaws in metal parts, which can then be repaired or replaced.
Magnetic Yokes and Potable Units:
Magnetic Yokes and Potable Units (MPUs) are used in Magnetic Flaw detectors to provide a magnetic field for detecting flaws in the materials. The growth factor of MPUs is 1.5 to 2 times higher than that of conventional techniques such as eddy current or induction methods, which makes it more sensitive to identify smaller flaws.
The global market size was valued at USD 3,500 million in 2015.
Magnetic Benches:
Magnetic benches are used in magnetic flaw detectors to store and test magnetic materials. They are also known as magnesite extractors or magnetometers. Magnetic bench tests the strength of a magnetic field by measuring the reluctance of an electrical circuit to follow it.
The device is used for testing magnets, detecting flaws in them, and determining their properties such as permeability, resistivity etc., mainly for ferromagnetic materials like iron ore, hematite etc.
Application Insights:
The general industry segment held the largest market share of over 30% in 2017. The growth can be attributed to the increasing demand for magnetic flaw detectors from various industries including oil & gas, power generation, and general manufacturing. General industry applications include pipelines and railways where a defect in a magnet would indicate an issue with the pipeline or railway line.
Automotive is expected to emerge as one of the fastest-growing application segments during the forecast period owing to factors such as increasing production levels across several automotive manufacturers coupled with rising consumer awareness regarding product quality. In addition, stringent regulations on safety standards by regulatory authorities are further anticipated to drive product demand in this segment over the coming years.
Aerospace is also estimated to witness significant growth during future due to growing passenger traffic and investments by several aerospace component manufacturers such as GE Aviation Systems (Genesis), Honeywell International Inc., Rockwell Collins Inc., Embraer S/A EMBRASSO CO.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key players and well-established manufacturing sector. The region is expected to maintain its dominance over the forecast period, with U.S. being at the forefront. Europe also held a significant share in this market due to growing automotive production and high demand for magnetic flaw detectors from various end-use industries such as aerospace, oil & gas, power generation, etc.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing demand for consumer electronics products along with rapid industrialization and development taking place in India.
Growth Factors:
- Increasing demand for quality control in manufacturing industries
- Growing awareness about the benefits of using magnetic flaw detectors
- Rising demand from end-use industries such as automotive and aerospace
- Technological advancements that have led to the development of new and innovative products
- Growing number of applications for magnetic flaw detectors in various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Flaw Detectors Market Research Report
By Type
Magnetic Yokes and Potable Units, Magnetic Benches
By Application
Automotive, Aerospace, Oil & Gas, General Industry
By Companies
MAGNAFLUX, CGM CIGIEMME SpA, CHiNDT, Beijing Citong, Karl Deutsch, Shanghai Yuguang, Baugh & Weedon, Western Instruments, Sheyang Hongxu, SREM Technologies, Johnson and Allen, DCM TECH INC, NAWOO, Nihon Denji Sokki, Promprilad, GOULD-BASS, PARKER RESEARCH
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Flaw Detectors Market Report Segments:
The global Magnetic Flaw Detectors market is segmented on the basis of:
Types
Magnetic Yokes and Potable Units, Magnetic Benches
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
Automotive, Aerospace, Oil & Gas, General Industry
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:
- MAGNAFLUX
- CGM CIGIEMME SpA
- CHiNDT
- Beijing Citong
- Karl Deutsch
- Shanghai Yuguang
- Baugh & Weedon
- Western Instruments
- Sheyang Hongxu
- SREM Technologies
- Johnson and Allen
- DCM TECH INC
- NAWOO
- Nihon Denji Sokki
- Promprilad
- GOULD-BASS
- PARKER RESEARCH
Highlights of The Magnetic Flaw Detectors 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:
- Magnetic Yokes and Potable Units
- Magnetic Benches
- By Application:
- Automotive
- Aerospace
- Oil & Gas
- General Industry
- 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 Magnetic Flaw Detectors 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
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- Consumer Insights
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- Product & Brand Management
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- 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?
Magnetic flaw detectors are devices that use magnetic fields to detect flaws in metal parts. They can be used to inspect objects for signs of wear and tear, corrosion, or other damage. Magnetic flaw detectors are also used in manufacturing processes to help identify areas where parts may need replacement or adjustment.
Some of the key players operating in the magnetic flaw detectors market are MAGNAFLUX, CGM CIGIEMME SpA, CHiNDT, Beijing Citong, Karl Deutsch, Shanghai Yuguang, Baugh & Weedon, Western Instruments, Sheyang Hongxu, SREM Technologies, Johnson and Allen, DCM TECH INC, NAWOO, Nihon Denji Sokki, Promprilad, GOULD-BASS, PARKER RESEARCH.
The magnetic flaw detectors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetic Flaw Detectors 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 Magnetic Flaw Detectors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic Flaw Detectors 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 Magnetic Flaw Detectors 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 Magnetic Flaw Detectors Market Size & Forecast, 2020-2028
4.5.1 Magnetic Flaw Detectors Market Size and Y-o-Y Growth
4.5.2 Magnetic Flaw Detectors 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 Magnetic Yokes and Potable Units
5.2.2 Magnetic Benches
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 Automotive
6.2.2 Aerospace
6.2.3 Oil & Gas
6.2.4 General Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic Flaw Detectors 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 Magnetic Flaw Detectors 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 Magnetic Yokes and Potable Units
9.6.2 Magnetic Benches
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 Automotive
9.10.2 Aerospace
9.10.3 Oil & Gas
9.10.4 General Industry
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 Magnetic Yokes and Potable Units
10.6.2 Magnetic Benches
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 Automotive
10.10.2 Aerospace
10.10.3 Oil & Gas
10.10.4 General Industry
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 Magnetic Yokes and Potable Units
11.6.2 Magnetic Benches
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 Automotive
11.10.2 Aerospace
11.10.3 Oil & Gas
11.10.4 General Industry
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 Magnetic Yokes and Potable Units
12.6.2 Magnetic Benches
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 Automotive
12.10.2 Aerospace
12.10.3 Oil & Gas
12.10.4 General Industry
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 Magnetic Yokes and Potable Units
13.6.2 Magnetic Benches
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 Automotive
13.10.2 Aerospace
13.10.3 Oil & Gas
13.10.4 General Industry
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 Magnetic Flaw Detectors Market: Competitive Dashboard
14.2 Global Magnetic Flaw Detectors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MAGNAFLUX
14.3.2 CGM CIGIEMME SpA
14.3.3 CHiNDT
14.3.4 Beijing Citong
14.3.5 Karl Deutsch
14.3.6 Shanghai Yuguang
14.3.7 Baugh & Weedon
14.3.8 Western Instruments
14.3.9 Sheyang Hongxu
14.3.10 SREM Technologies
14.3.11 Johnson and Allen
14.3.12 DCM TECH INC
14.3.13 NAWOO
14.3.14 Nihon Denji Sokki
14.3.15 Promprilad
14.3.16 GOULD-BASS
14.3.17 PARKER RESEARCH
