Corrosion Monitoring Market Forecast, 2016-2024 by Applications and End- use Industry
Zion Market Research has published a new market research report analyzing the latest trends and developments in the global Corrosion Monitoring Market, titled “Corrosion Monitoring Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024”.
Global Corrosion Monitoring Market: Overview
Corrosion monitoring is a process and activity of monitoring critical components involved in industries, concert structures, factories, workshops and plants such as machines, materials, rails, tunnels, assets for any signs or presence of corrosion in them. It is important to identify the location, causes, and degree of corrosion so that operations are continued and reliable. Corrosion monitoring can identify any non-conforming in any alloy components, which are susceptible and lead to corrosion, causing catastrophic failure for normal operations. It gives significant advantages for safety measures and preventative maintenance. Corrosion monitoring helps in taking the informed decisions regarding remaining life of corrosion objects, strategies to extend the life of material and its selections.
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Global Corrosion Monitoring Market: Growth Factors
Oil and gas production industries have major application area for corrosion monitoring, which is driving the growth of the global corrosion monitoring market. Corrosion monitoring is the important tool against premature degradation such as safety and the environment issues. Corrosion can have cost penalties due to the loss in production, repairs and unplanned replacements of the systems and components. Increasing awareness about corrosion monitoring and corrosion-related failure is a major driving factor for the growth in the global market. Pipeline industry and refineries are other key factors for the growth of corrosion monitoring market. Energy consumption and the increase in production and exploration of crude oil and rising demand from the downstream market are expected to push the demand for corrosion monitoring system in the near future. Growth in urbanization and use of reinforced concrete structures in construction may also foster the global corrosion monitoring market in the coming year.
Global Corrosion Monitoring Market: Segmentation
The global corrosion monitoring market has been broadly segmented into corrosion monitoring techniques and end user industry. Corrosion monitoring techniques are further divided into electrical resistance, corrosion coupons, galvanic, ultrasonic thickness measurement, and linear polarization resistance. End user industry application of the global corrosion monitoring market are further divide in oil & gas, pipelines, refineries, chemical, construction, manufacturing and much more.
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Global Corrosion Monitoring Market: Regional Analysis
Geographically corrosion monitoring market is fragmented as North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. North America and Asia-Pacific accounted for the major market share of the global corrosion monitoring market. Increase in the shale gas exploration and allied activities and along with stabilizing chemical manufacturing is driving the growth of the market. Rapidly developing economies of Asia Pacific and Latin America are a key growth area for corrosion monitoring market in future. The Middle East, Europe, and Africa due to their oil and gas production, pipeline industries, and construction will contribute to the global market growth.
Global Corrosion Monitoring Market: Competitive Players
Key players in the global corrosion monitoring market are Corrpro Companies Inc, GE Rightrax, Sensorlink AS, BAC Corrosion Control, Permasense, ICORR Technologies, and Rysco Corrosion Services. Other players influencing the global market are SGS SA, Intertek, Cosasco, Pyramid Technical Services, and Korosi Specindo.
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Global Corrosion Monitoring Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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