Global Corrosion Monitoring Market Scope, Business Growth Factors, Industry Policies And Forecast Ti

Author: Onkar Nimbalkar

Data Bridge Market Research has recently added a concise research on Global Corrosion Monitoring Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are JIREH Industries, Maksur Analytical Systems, CMS, Inc, Himoya Corrosion Technology Pvt. Ltd., Caproco Ltd., Caltech Engineering Services, VIMSL, Baker Hughes, PMAC SYSTEMS., Hevasure - Intelligent Corrosion Solutions, and others.

Definition:

Corrosion monitoring is a system which is used in plants, facilities, industrial materials so that they can monitor any sign of the corrosion. There main function is to control and prevent the corrosion. There are different techniques which are used in corrosion monitoring such as corrosion coupons, linear polarization techniques, galvanic techniques, electrical resistance and others. They also has the ability to detect the cause and location of the corrosion and are very useful as it increase safety and provide maintenance. They are widely used in industries such as manufacturing, pulp and paper, power generation, and others.

Analysis of Global Corrosion Monitoring Market report:

Global corrosion monitoring market is set to witness substantial CAGR of 9.16% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for accurate corrosion monitoring techniques and rising demand from power, manufacturing, chemical and other industries are factor for the growth of this market.

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Market Drivers:

  • Increasing projects in downstream sector of oil & gas industry is driving market growth
  • Strict environmental regulations and safety standards will also accelerate the growth of this market
  • Rising rate of corrosion of the machinery will also enhance the market growth
  • Growth in urbanization and increasing usage of concrete structures in construction will also propel the market growth

Market Restraints:

  • High price of the corrosion monitoring equipment will restrain the market growth
  • Setback in the oil & gas upstream industry is also hampering the growth of this market
  • Dearth of proper technology is also restricting the market growth

Top Manufacturers Profiles Operating in the Global Corrosion Monitoring Market:

Few of the major competitors currently working in the global corrosion monitoring market are SGS SA, Cosasco, Rysco Corrosion Services Inc., Midroc Europe, ACM Instruments, Emerson Electric Co., ICORR Technologies, PYRAMID TECHNICAL SERVICES PVT. LTD., JIREH Industries, Maksur Analytical Systems, CMS, Inc, Himoya Corrosion Technology Pvt. Ltd., Caproco Ltd., Caltech Engineering Services, VIMSL, Baker Hughes, PMAC SYSTEMS., Hevasure - Intelligent Corrosion Solutions, and others.

Global Corrosion Monitoring Market Segmentation:

By Type

  • Intrusive Techniques
  • Non-Intrusive Techniques

By Technique

  • Corrosion Coupons
  • Electrical Resistance
  • Linear Polarization Resistance
  • Galvanic Technique
  • Ultrasonic Thickness Measurement
  • Other Techniques

By End- User

  • Oil & Gas
  • Upstream
  • Midstream
  • Downstream
  • Chemicals
  • Manufacturing
  • Pharmaceutical Industry
  • Automotive Industry
  • Food Industry
  • Power Generation
  • Conventional Power Generation
  • Unconventional Power Generation
  • Pulp& Paper
  • Other Industries

By Geography

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle-east and africa

Competitive Landscape:

Global corrosion monitoring market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of corrosion monitoring market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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