Market Overview:
The global portable magnetic particle 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 portable magnetic particle flaw detectors in various end-use industries, such as oil and gas, mining, automobile industry, machinery manufacturing, aerospace and others. In addition, the growing awareness about safety and quality among consumers is also propelling the growth of this market. However, factors such as high cost of these devices may restrain the growth of this market to some extent during the forecast period.
Product Definition:
A Portable Magnetic Particle Flaw Detector is a device used to detect surface and subsurface discontinuities in ferromagnetic materials. The importance of Portable Magnetic Particle Flaw Detectors is that they allow for the inspection of objects that are too large or too difficult to move for traditional testing methods.
Handheld:
Handheld magnetic particle flaw detectors are used for detecting flaws in materials such as ferrous, non-ferrous and plastic. The market is expected to witness growth over the forecast period owing to increasing demand from end-use industries such as automotive, aerospace & defense and building & construction.
Desktop:
The global desktop and it's usage in portable magnetic particle flaw detectors market size was valued at USD 3.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for miniaturization, portability, accuracy, reliability, and cost-effectiveness are the major factors driving growth globally.
Application Insights:
The oil and gas industry was the largest application segment in 2017, accounting for over 30% of the global market share. The growing demand for portable magnetic particle flaw detectors in this sector is attributed to its requirement to analyze samples from deep wells and remote locations for identifying potential risks due to contamination by organic compounds or metals.
The mining industry accounted for a significant share in 2017 owing to increasing exploration activities across various regions. Portable magnetic particle flaw detector is used during coal preparation process, mineral processing, metal extraction from ores as well as during gold and copper refining process. Growing demand across various industries including automotive will drive the product demand over the forecast period.
Automobile manufacturing is one of the leading sectors that uses these devices extensively owing to high number of inspections carried out on vehicles before they are delivered to customers worldwide.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of portable magnetic particle flaw detectors vendors and high adoption rate for such devices. The region is expected to maintain its dominance over the forecast period as well, with Europe coming second and Asia Pacific third.
The increasing demand for oil & gas across various regions including North America, Middle East Africa (MEA), Latin America, and Asia Pacific has led to an increase in exploration activities which are anticipated to boost product demand over the next eight years. In addition, growing use of portable equipment by oil & gas industry players for on-site inspection is further expected to drive growth during the forecast period.
Asia Pacific is estimated be fastest-growing regional market from 2018 to 2030 due rising investments in infrastructural development along with rapid industrialization witnessed by countries like China and India.
Growth Factors:
- Increasing demand for quality products and services by consumers
- Growing number of industrial applications for portable magnetic particle flaw detectors
- Technological advancements in portable magnetic particle flaw detectors
- Rising demand from emerging economies
- Growing awareness about the benefits of using portable magnetic particle flaw detectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Magnetic Particle Flaw Detectors Market Research Report
By Type
Handheld, Desktop, Mobile
By Application
Oil and Gas, Mining, Automobile Industry, Machinery Manufacturing, Aerospace, Others
By Companies
Magnaflux, Katex, Gould-Bass, Electronic & Engineering Company, Oceanscan, Mitech, Huatec Group, CHiNDT(Crackcheck), Raytech
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Portable Magnetic Particle Flaw Detectors Market Report Segments:
The global Portable Magnetic Particle Flaw Detectors market is segmented on the basis of:
Types
Handheld, Desktop, Mobile
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 and Gas, Mining, Automobile Industry, Machinery Manufacturing, Aerospace, 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:
- Magnaflux
- Katex
- Gould-Bass
- Electronic & Engineering Company
- Oceanscan
- Mitech
- Huatec Group
- CHiNDT(Crackcheck)
- Raytech
Highlights of The Portable Magnetic Particle 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:
- Handheld
- Desktop
- Mobile
- By Application:
- Oil and Gas
- Mining
- Automobile Industry
- Machinery Manufacturing
- Aerospace
- 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 Portable Magnetic Particle 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
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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?
Portable magnetic particle flaw detectors are devices that can be used to detect the presence of flaws in a variety of materials. These devices use a magnetic field to identify areas where the material has been damaged or contains defects.
Some of the key players operating in the portable magnetic particle flaw detectors market are Magnaflux, Katex, Gould-Bass, Electronic & Engineering Company, Oceanscan, Mitech, Huatec Group, CHiNDT(Crackcheck), Raytech.
The portable magnetic particle 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 Portable Magnetic Particle 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 Portable Magnetic Particle Flaw Detectors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Portable Magnetic Particle 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 Portable Magnetic Particle 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 Portable Magnetic Particle Flaw Detectors Market Size & Forecast, 2020-2028
4.5.1 Portable Magnetic Particle Flaw Detectors Market Size and Y-o-Y Growth
4.5.2 Portable Magnetic Particle 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 Handheld
5.2.2 Desktop
5.2.3 Mobile
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 and Gas
6.2.2 Mining
6.2.3 Automobile Industry
6.2.4 Machinery Manufacturing
6.2.5 Aerospace
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable Magnetic Particle 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 Portable Magnetic Particle 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 Handheld
9.6.2 Desktop
9.6.3 Mobile
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 and Gas
9.10.2 Mining
9.10.3 Automobile Industry
9.10.4 Machinery Manufacturing
9.10.5 Aerospace
9.10.6 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 Handheld
10.6.2 Desktop
10.6.3 Mobile
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 and Gas
10.10.2 Mining
10.10.3 Automobile Industry
10.10.4 Machinery Manufacturing
10.10.5 Aerospace
10.10.6 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 Handheld
11.6.2 Desktop
11.6.3 Mobile
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 and Gas
11.10.2 Mining
11.10.3 Automobile Industry
11.10.4 Machinery Manufacturing
11.10.5 Aerospace
11.10.6 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 Handheld
12.6.2 Desktop
12.6.3 Mobile
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 and Gas
12.10.2 Mining
12.10.3 Automobile Industry
12.10.4 Machinery Manufacturing
12.10.5 Aerospace
12.10.6 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 Handheld
13.6.2 Desktop
13.6.3 Mobile
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 and Gas
13.10.2 Mining
13.10.3 Automobile Industry
13.10.4 Machinery Manufacturing
13.10.5 Aerospace
13.10.6 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 Portable Magnetic Particle Flaw Detectors Market: Competitive Dashboard
14.2 Global Portable Magnetic Particle Flaw Detectors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Magnaflux
14.3.2 Katex
14.3.3 Gould-Bass
14.3.4 Electronic & Engineering Company
14.3.5 Oceanscan
14.3.6 Mitech
14.3.7 Huatec Group
14.3.8 CHiNDT(Crackcheck)
14.3.9 Raytech
