0
2020
Acoustic Emission Equipment Market

Acoustic Emission Equipment Market

by Product Type (AE Systems, Hand-held Systems, and Standalone Systems), Technique (Multiple Channel Source Location Technique, Linear Source Technique, Zonal Source Technique, and Point Source Technique), and End User (EPC, Transportation, Aerospace & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2027
Update Available On-Demand

Report Code: A06648
Pages: 245
Jul 2020 | 3951 Views
Author(s) : Ruchal Humbare , Vineet Kumar
Tables: 110
Charts: 64
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Acoustic Emission Equipment Market

Request Now !

The global acoustic emission equipment market was valued at $108.0 million in 2019, and is projected to reach $130.8 million by 2027, registering a CAGR of 3.2% from 2020 to 2027. 

Demand from transportation end user has been adversely impacted by the COVID-19 pandemic.

Acoustic emission testing is one of the types of non-destructive testing (NDT) method. This method is used to analyze emitted sound waves caused by discontinuities, voids, or defects. It evaluates the elasticity of acoustic waves caused by discontinuities within the specimen. Typically, acoustic emission waves are detected by high-sensitivity piezoelectric sensors within frequency responses from 20 kHz to 1 MHz, followed by amplifiers, filters, and data acquisition devices. Acoustic emission offers explicit opportunity to monitor infrastructure components in real time, detecting sudden changes in the integrity of monitored component. Applications of acoustic emission on structures include pressure vessels, wind turbines, gas wells, high-pressure pipelines, fire bottles, nuclear weapons, and solar collectors.

Acoustic-Emission-Equipment-Market-2020-2027

The acoustic emission equipment market is expected to witness growth during the forecast period due to infrastructural growth in the developing countries and the aging infrastructures of the developed countries. The market for the acoustic emission equipment is expected to be driven by increase in standards of quality in the manufacturing sector. Moreover, emergence of big data analytics and artificial intelligence is estimated to revolutionize the acoustic emission testing method. It can enhance the continuous monitoring of infrastructure such as high-pressure pipelines. Considering these factors, it is estimated that the acoustic emission equipment market experiences steady growth in the near future.

The factors such as increase in the demand for aircrafts and rise in investment in research activities in the acoustic emission are some of the other drivers for the acoustic emission equipment market growth. However, seasonality of inspection in the prominent application of acoustic emission testing act as a major restraint, which can hinder the acoustic emission equipment market growth. Furthermore, technological advancement in both hardware and software of acoustic emission equipment provides lucrative opportunities for the acoustic emission equipment market. 

The emergence of COVID-19 has declined the growth rate of acoustic emission equipment market in 2020, and is estimated witness slow growth by the end of 2021. Implementation of partial or complete lockdown across various countries globally is the prime reason for this decline in the growth rate. However, companies are committed to serve its customers by abiding the rules and regulations laid by government in the respective regions.

The global acoustic emission equipment market is analyzed by product type, technique, end user, and region. Based on type, it is fragmented into AE systems, hand-held systems, and standalone sensors. The AE systems segment dominated the acoustic emission equipment market in terms of revenue in 2019, and is expected to follow the same trend during the forecast period. On the basis of technique, the market is segregated into multiple channel source location technique, linear location technique, zonal location technique, and point location technique. The linear location technique segment accounted for the highest market share in 2019, and the multiple channel source location technique segment is expected to grow at a high CAGR from 2019 to 2027. By end user, the market is divided into EPC, transportation, aerospace & defense, and others. The EPC segment is further sub-segmented into construction, oil & gas, and power plants. The global acoustic emission equipment market is dominated by the EPC end users segment in terms of value. 

Based on region, the global acoustic emission equipment market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).  North America accounted for the highest share, owing to significant number of aged infrastructures that are at risk. According to Zurich American Insurance Company, the aging and unreliable infrastructures in the U.S. are estimated to cost American businesses $1.2 trillion by the end of 2020. Recently, U.S. infrastructure was rated a D+. Europe was the second largest contributor in terms of revenue and is expected to witness significant growth during the forecast period, owing to significant investments from the governments’ of countries to meet the future infrastructural needs. 

Acoustic Emission Equipment Market
By Product Type

Your browser does not support the canvas element.

Hand-held systems segment is projected as one of the most lucrative segments.

Get more information on this report : Request Sample Pages

Top Impacting Factors

The significant impacting factors in the acoustic emission equipment market include aging infrastructure, growing investments in smart infrastructure, increasing need for next-generation power plants, and intense competition among companies. However, slow technological development of equipment is expected to hinder the market growth. Conversely, emergence of big data analytics is projected to offer remunerative opportunities to the acoustic emission equipment market. Each of these factors is anticipated to have a definite impact on the market during the forecast period.

Acoustic Emission Equipment Market
By End User

Your browser does not support the canvas element.

EPC segment is expected to secure leading position during forecast period.

Get more information on this report : Request Sample Pages

Competition Analysis

Competitive analysis and profiles of the major acoustic emission equipment market players such as Acoustic Monitoring International, Inc., Campbell Scientific, Inc., Dodson Technical Services, Inc., Mistras Group, Inc., Parker-Hannifin Corporation, Schmitt Europe Ltd., Score Atlanta Inc., Siemens AG, Vallen Systeme GmbH, and Wabtec Corporation are provided in this report. 

Acoustic Emission Equipment Market
By Geography

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 4.9% during 2020-2027

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global acoustic emission equipment market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall acoustic emission equipment market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current acoustic emission equipment market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the acoustic emission equipment market.
  • The report includes the acoustic emission equipment market share of key vendors and industry trends.

Acoustic Emission Equipment Market Report Highlights

Aspects Details
By Product Type
  • AE Systems
  • Hand-held Systems
  • Standalone Sensors
By Technique
  • Multiple Channel Location Source Technique
  • Linear Source Technique
  • Zonal Source Technique
  • Point Source Technique
By End User
  • EPC (Engineering Procurement Construction)
  • Transportation
  • Aerospace & Defense
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players ACOUSTIC MONITORING INTERNATIONAL, INC., CAMPBELL SCIENTIFIC, INC., DODSON TECHNICAL SERVICES, INC, MISTRAS GROUP, INC., PARKER-HANNIFIN CORPORATION, SCHMITT EUROPE, LTD., SCORE ATLANTA INC, SIEMENS AG, VALLEN SYSTEME GMBH, WABTEC CORPORATION
 

Loading Table Of Content...


 
 

There is an increasing interest in non-destructive testing methods and applications due to worldwide aging infrastructure. Out of all non-destructive testing methods, acoustic emission testing is gaining momentum globally, owing to increasing activities of restoration and rehabilitation of aging infrastructures especially in the developed countries of North America and Europe. Acoustic emission equipment is designed to monitor acoustic emissions produced within the material during stress or failure, rather than actively transmitting waves through a medium. 

Furthermore, the acoustic emission equipment market projects a steady growth during the forecast period, owing the long lifespan of acoustic emission equipment. However, mishandling of equipment may cause physical damage to the component, especially in the case of sensors. Moreover, growing industrialization in developing countries is anticipated to create opportunities for the market growth with increasing global standards for manufacturing. 

The acoustic emission equipment market is expected to witness growth during the forecast period due to increase in competition among various industries to strengthen their market position. The market for the acoustic emission equipment is expected to be driven by the linear location technique due to its ease of use and effective results. Moreover, zonal location technique is anticipated to provide lucrative opportunities to the acoustic emission equipment market, owing to the technological development in the testing method.  

Various leading manufacturers such as Acoustic Monitoring International, Inc., Campbell Scientific, Inc., Dodson Technical Services, Inc., Mistras Group, Inc., Parker-Hannifin Corporation, Schmitt Europe Ltd., Score Atlanta Inc., Siemens AG, Vallen Systeme GmbH, and Wabtec Corporation occupy a prominent revenue share in the acoustic emission equipment market.
 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Acoustic Emission Equipment Market

Start reading instantly.
This Report and over 18,744+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jul 2021 - Jul 2022)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2021 - Jul 2022)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2021 - Jul 2022)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2021 - Jul 2022)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2021 - Jul 2022)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers