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Request Now !The global acoustic emission testing market is experiencing significant growth and is expected to grow considerably in the next few years. Acoustic emission is a procedure, which is being used increasingly in the field of structural integrity assessment using fracture mechanics.Â
The ability of acoustic emission (AE) to identify the mechanical energy discharged by steam flow can be utilized to get data about new development and growth for capturing the defects and their dynamic conduct, amidst the principal hydro-test and later consistent checking of intensity plant activity and requalification testing of atomic parts.Â
In recent years, many AE processes, such as deformation, fatigue processes, slow crack growth, intergranular stress corrosion cracking, and leak monitoring, have been studied and considerable efforts have been taken in preparing guidelines, recommended practices, and standard procedures based on acoustic emission.
The global acoustic emission testing market is segmented on the basis of equipment type, application, service, industry vertical, and region. Based on equipment type, the acoustic emission testing market is divided into sensors, amplifiers, and detection instruments. In terms of application, the market is categorized into storage tank, pipeline, aging aircraft, structural monitoring, and others.Â
On the basis of service, the acoustic emission testing market is bifurcated into inspection, and calibration. In terms of industry vertical, the market is segregated into chemical & petrochemical, oil & gas, energy & power, automotive, food & beverages, healthcare, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global acoustic emission testing industry include Arcadia Aerospace, Exova Group Limited, Acuren, COMET, Ashtead Technology, Eddyfi Inc., Sonatest, NDTS India (P) Ltd., Olympus Corporation, MISTRAS Group Inc., SGS SA, General Electric, X-R-I Testing, and Applus+. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global acoustic emission testing market.Â
Growing stress on improvement of production quality and the need to increase in productivity are expected to ramp up the market in the forecast period. Different manufacturers are focusing on opting for acoustic emission testing of their materials, which will promote the growth of the market over the forecast period. In addition, the growing awareness toward safety in plants as well as the requirement of asset health monitoring has increased in the past years.Â
This trend is expected to continue over the coming years, thereby increasing the demand for acoustic emission testing services. Furthermore, governments of numerous countries are promoting the use of NDT solutions; this is expected to increase the growth of the acoustic emission testing market in the coming years.Â
Furthermore, the demand for acoustic emission testing technology is growing significantly in the power generation industry from the past few years. This is expected to create opportunities for further augmentation of the market across the globe. Moreover, significant increase in aging infrastructure is leading to the need and demand for acoustic emission testing services, further fueling the market over the forecast period.
However, the high initial cost of acoustic emission testing system can hamper the market growth. Lack of a skilled workforce to operate the machinery is expected to further disrupt the growth of the market in the coming years.
The health and safety improvements across the workplace can make a significant difference to productivity. Hence, many plant operators are adopting various strategies to increasingly focus on the safety concerns to enhance productivity of workers. Businesses can benefit from health & safety enhancements by implementing them incrementally and with accuracy. These factors fuel the market growth.
Acoustic emission testing is used for the analysis and detection of acoustic signals to gain valuable information regarding discontinuity in material and its origin. Attributing to its versatility, acoustic emission testing has many industrial applications in assessing structural integrity, testing leaks, detecting flaws or monitoring weld quality. Acoustic emission testing can be done through various equipment, including amplifiers, sensors, and detection equipment.Â
Among all these equipment, acoustic emission testing sensors play a critical role in examining material behavior as they detect high frequencies generated due to leaks, corrosion, and defects. Moreover, acoustic emission inspection services account for a considerable share in the market, which can be attributed to the benefits provided by the inspection of components and eventually resulting in growing the operational life of the component.
Key Benefits of the Report
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2019–2027 |
Base Year Considered | 2019 |
Forecast Period | 2020–2027 |
Forecast Unit | Value (USD) |
Segments Covered | Equipment Type, Application, Service, Industry Vertical, and Region |
Regions Covered | North America (U.S. and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM), and Middle East & Africa |
Companies Covered | Arcadia Aerospace, Exova Group Limited, Acuren, COMET, Ashtead Technology, Eddyfi Inc., Sonatest, NDTS India (P) Ltd., Olympus Corporation, MISTRAS Group Inc., SGS SA, General Electric, X-R-I Testing, and Applus+ |
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COVID-19 Scenario Analysis
Acoustic Emission Testing Market Key Segments
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Questions Answered in the Acoustic Emission Testing Market Research Report
Acoustic Emission Testing Market Report Highlights
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Key Market Players | Company1, Company2, Company3, Company4, Company5, Company6, Company7, Company8, Company9, Company10 |
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