Market Overview:
The global wire rope 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 wire rope flaw detectors in various applications, such as mining, cable, lifting equipment, port machinery and others. Additionally, the growing awareness about safety and security is also propelling the demand for wire rope flaw detectors globally.
Product Definition:
Wire rope flaw detectors are devices used to detect flaws in wire ropes. Wire ropes are commonly used in a variety of applications, such as elevators, cranes, and other industrial machinery. It is important to use wire rope flaw detectors to ensure the safety of these applications, as well as the people who use them.
Conventional:
Conventional is the conventional method of detecting flaws in a rope, wire or chain. It's an older technology but it's still used by many law enforcement agencies and also some military organizations. The basic principle behind this detection is that electromagnetic induction causes changes in the electrical properties of a rope, wire or chain when it comes into contact with an extruded metal cable which serves as a conductor for electricity.
Portable:
Portable is a device used to detect the size and position of flaws in wire rope. It works on the principle of electromagnetic induction by measuring the rate of change of magnetic flux density with respect to time or position. The portable devices are battery-powered, self-contained systems that provide quick and accurate results for testing purposes. They can be easily transported from one place to another without hampering their operations, owing to their light weight characteristics.
Application Insights:
Mining was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The global wire rope flaw detectors market for mining is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing demand for advanced technology rope inspection systems in various mines across the world.
Cable applications are projected to witness significant growth over the forecast period as these products are used on a daily basis by people working at height or on construction sites where high safety standards need to be maintained at all times. Portable and conventional types of cable FaultTolerant Inspection (FTI) systems are used for routine inspections, while more expensive Proximity Monitoring & Detection (PMD) systems detect anomalies early through integrated sensors that measure magnetic fields and other parameters such as electric currents, temperature changes, etc.
Regional Analysis:
Asia Pacific dominated the global wire rope flaw detectors market in 2017 and is expected to continue its dominance over the forecast period. The region comprises several emerging economies, such as China, India, and Japan. These countries are witnessing strong economic growth owing to rapid industrialization and increasing foreign investments. Moreover, these countries have a large number of mines due to their abundant availability of minerals including coal bed methane (CBM), gold, silver, copper ore etc.
The Middle East & Africa region is anticipated to witness significant growth over the forecast period owing to rising oil & gas industry activities across various African nations such as Nigeria and Egypt among others.
Growth Factors:
- Increasing demand for wire rope flaw detectors in the automotive and aerospace industries due to the growing need for safety and quality assurance.
- The increasing popularity of wire rope flaw detectors among small- and medium-sized businesses as they offer an affordable alternative to traditional NDT methods.
- The development of new technologies that can detect smaller flaws in wires, which is driving the demand for wire rope flaw detectors.
- Growing awareness about the benefits of using wire rope flaw detectors, which is helping to boost their adoption across a wide range of industries.
- Rising investments in research and development activities aimed at improving the performance of wire rope flaw detectors, thereby expanding their applications base
Scope Of The Report
Report Attributes
Report Details
Report Title
Wire Rope Flaw Detectors Market Research Report
By Type
Conventional, Portable
By Application
Mining, Cable, Lifting Equipment, Port Machinery, Rope Bridge Industries, Others
By Companies
Katex, Intron Plus, Nexxis, NDT Technologies, Luo Yang Wire Rope Inspection Technology Co.,Ltd., Mitech, TST Flaw Detection Technology Co., LTD, Huatec Group, Dandong Flaw Detector Equipment Co., Ltd., Shanghai Hongtan Nondestructive Testing Equipment CO., LTD, Luoyang Becot Scientific Development Co., Ltd.
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Wire Rope Flaw Detectors Market Report Segments:
The global Wire Rope Flaw Detectors market is segmented on the basis of:
Types
Conventional, Portable
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
Mining, Cable, Lifting Equipment, Port Machinery, Rope Bridge Industries, 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:
- Katex
- Intron Plus
- Nexxis
- NDT Technologies
- Luo Yang Wire Rope Inspection Technology Co.,Ltd.
- Mitech
- TST Flaw Detection Technology Co., LTD
- Huatec Group
- Dandong Flaw Detector Equipment Co., Ltd.
- Shanghai Hongtan Nondestructive Testing Equipment CO., LTD
- Luoyang Becot Scientific Development Co., Ltd.
Highlights of The Wire Rope 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:
- Conventional
- Portable
- By Application:
- Mining
- Cable
- Lifting Equipment
- Port Machinery
- Rope Bridge Industries
- 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 Wire Rope 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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- Understanding Competition Scenario
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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?
Wire rope flaw detectors are devices that are used to detect wire rope flaws. These devices can be used to help identify potential problems with the wire rope system, such as kinks, breaks, or tears.
Some of the major players in the wire rope flaw detectors market are Katex, Intron Plus, Nexxis, NDT Technologies, Luo Yang Wire Rope Inspection Technology Co.,Ltd., Mitech, TST Flaw Detection Technology Co., LTD, Huatec Group, Dandong Flaw Detector Equipment Co., Ltd., Shanghai Hongtan Nondestructive Testing Equipment CO., LTD, Luoyang Becot Scientific Development Co., Ltd..
The wire rope flaw detectors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wire Rope 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 Wire Rope Flaw Detectors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wire Rope 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 Wire Rope 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 Wire Rope Flaw Detectors Market Size & Forecast, 2020-2028
4.5.1 Wire Rope Flaw Detectors Market Size and Y-o-Y Growth
4.5.2 Wire Rope 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 Conventional
5.2.2 Portable
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 Mining
6.2.2 Cable
6.2.3 Lifting Equipment
6.2.4 Port Machinery
6.2.5 Rope Bridge Industries
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wire Rope 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 Wire Rope 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 Conventional
9.6.2 Portable
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 Mining
9.10.2 Cable
9.10.3 Lifting Equipment
9.10.4 Port Machinery
9.10.5 Rope Bridge Industries
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 Conventional
10.6.2 Portable
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 Mining
10.10.2 Cable
10.10.3 Lifting Equipment
10.10.4 Port Machinery
10.10.5 Rope Bridge Industries
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 Conventional
11.6.2 Portable
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 Mining
11.10.2 Cable
11.10.3 Lifting Equipment
11.10.4 Port Machinery
11.10.5 Rope Bridge Industries
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 Conventional
12.6.2 Portable
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 Mining
12.10.2 Cable
12.10.3 Lifting Equipment
12.10.4 Port Machinery
12.10.5 Rope Bridge Industries
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 Conventional
13.6.2 Portable
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 Mining
13.10.2 Cable
13.10.3 Lifting Equipment
13.10.4 Port Machinery
13.10.5 Rope Bridge Industries
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 Wire Rope Flaw Detectors Market: Competitive Dashboard
14.2 Global Wire Rope Flaw Detectors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Katex
14.3.2 Intron Plus
14.3.3 Nexxis
14.3.4 NDT Technologies
14.3.5 Luo Yang Wire Rope Inspection Technology Co.,Ltd.
14.3.6 Mitech
14.3.7 TST Flaw Detection Technology Co., LTD
14.3.8 Huatec Group
14.3.9 Dandong Flaw Detector Equipment Co., Ltd.
14.3.10 Shanghai Hongtan Nondestructive Testing Equipment CO., LTD
14.3.11 Luoyang Becot Scientific Development Co., Ltd.
