openPR Logo
Press release

Acoustic Emission Testing Market Registering a Strong Growth by 2018 to 2028

09-19-2018 10:55 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Acoustic Emission Testing Market Registering a Strong Growth

Acoustic Emission Testing Market: Introduction

Acoustic emission testing is used for the analysis and detection of acoustic signals in order to gain valuable information regarding discontinuity in a material and its origin. Acoustic emissions can have a serious impact on material properties and these emissions can be generated from natural events such as earthquakes, which can lead to the initialization of cracks, dislocation and slip movements, twinning, melting and phase transformations in metals. Attributing to its versatility, acoustic emission testing has many industrial applications in assessing structural integrity, testing leaks, detecting flaws or monitoring weld quality. Increasing emphasis on improving production quality and government initiatives on implementing NDT solutions are anticipated to drive the growth of the market in the coming years. Acoustic emission testing can be done through various equipment including amplifiers, sensors and detection equipment. 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. Furthermore, 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 result in increasing the operational life of the component.

Request for Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1236

Acoustic Emission Testing Market: Dynamics

Increasing emphasis on improving production quality, coupled with the increase in productivity, is anticipated to ramp up the market in the coming years. Attributing to this, numerous manufacturers are focusing on opting for acoustic emission testing of their materials, which will subsequently promote the growth of the market over the assessment period. Moreover, with the increasing awareness towards safety in plants, the requirement of asset health monitoring has increased subsequently in the past years. The same trend is expected to continue over the next few years. This is anticipated to increase the demand for acoustic emission testing services. Moreover, the governments of numerous countries are promoting the use of NDT solutions. This is anticipated to further boost the growth of the acoustic emission testing market in the coming years. Moreover, the demand for acoustic emission testing technology is increasing significantly in the power generation industry from the past few years. This is anticipated to create opportunities for further augmentation of the market across the globe. Furthermore, with the significant increase in aging infrastructure, the demand and need of acoustic emission testing services is anticipated to grow manifold, which will further support the growth of the market over the assessment period.

However, high initial cost of the acoustic emission testing system may have a negative impact on the investor confidence to invest in adopting such high end technology. Moreover, lack of skilled workforce to operate the machinery is anticipated to further derail the growth of the market in the coming years.

Acoustic Emission Testing Market: Segmentation

On the basis of service, the global acoustic emission testing market can be segmented into:

Calibration
Service

On the basis of equipment, the global acoustic emission testing market can be segmented into:

Detection Equipment
Amplifiers
Sensors

Acoustic Emission Testing Market: Regional Outlook

North America and Europe are anticipated to hold a significant share in the global acoustic emission testing market in the coming years. This can be attributed to the increase in government initiatives, aging infrastructure and need for structural monitoring in the region. Furthermore, with the increasing number of structurally deficit bridges in the developed economies of Europe and North America, the demand for acoustic emission testing services is anticipated to ramp up considerably. Moreover, with numerous companies planning to expand their footprint in Asia Pacific, the region is expected to become a manufacturing hub in the coming years. Key manufacturers in the region are focusing on improving their product quality in order to increase their brand value and gain potential customers. Attributing to this, the demand for acoustic emission testing technology is expected to ramp up over the coming years in Asia Pacific.

Request TOC of this Report @ https://www.factmr.com/connectus/sample?flag=T&rep_id=1236

Acoustic Emission Testing Market: Key Participants

TÜV Nord Group
TÜV Rheinland Group
TÜV Austria Group
Mistras Group, Inc.
Parker Hannifin Corporation
Vallen Systeme GmbH
Score Atlanta Inc.
KRN Services, Inc.
General Electric Co.
Acoustic Emission Consulting, Inc.
CTLGroup
Sievert Group of Companies

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact us

Fact.MR

353-1-6111-593

11140 Rockville Pike

Suite 400

Rockville, MD 20852

United States

Email: sales@factmr.com

Web: https://www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Acoustic Emission Testing Market Registering a Strong Growth by 2018 to 2028 here

News-ID: 1247884 • Views: 100

More Releases from Fact.MR

11-09-2020 | Health & Medicine
Fact.MR
PCR and Real-time PCR Molecular Diagnostics Market to Surpass US$ 6 Bn by 2030, …
As per data from the World Health Organization, millions of deaths can be attributed to diseases such as cancer and HIV each year. Further, the recent outbreak of the COVID-19 virus has also created massive demand for effective diagnostics processes. The PCR and real-time PCR molecular diagnostics market has been gaining traction in recent years on the back of investments by PCR diagnostic test manufacturers towards the incorporation of molecular
10-05-2020 | Health & Medicine
Fact.MR
Biobanking Market to Soar to US$ 3.5 Bn by 2027, Notes Fact.MR
Biobanks are a type of repository which is used in the storage of biological samples, including human and animal tissues, which primarily find use in research applications. Consequently, the process of biobanking has become a very important part of medical research and has played a major role in modern science fields such as personalized medications, and genomics. The global biobanking market is expected to grow at a healthy CAGR of ~
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel

All 5 Releases


More Releases for Acoustic

Global Acoustic Insulation: Markets 2019-2022
Press Release – 25 Jan 2019 Research and Development News -- . . Latest Update "Acoustic Insulation: Global Markets to 2022" with Industries Survey | Global Current Growth and Future. ' ' Acoustic insulation refers to the utilization of materials and assemblies to reduce sound transmission from one area to another or within a particular space. In the case of residential and commercial applications, a building must be constructed using an acoustic design so
Global Acoustic Control System Market Survey 2018-2025 | Acoustic Control, Ocean …
ResearchMoz presents professional and in-depth study of "Global Acoustic Control System Market Size, Status and Forecast 2018-2025" This report focuses on the global Acoustic Control System status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Acoustic Control System development in United States, Europe and China. In 2017, the global Acoustic Control System market size was million US$ and it is expected to reach million
Acoustic Microscopy Market: Lucrative Opportunities across Globe
Acoustic microscopy refers to the microscopy involving non-destructive penetration of ultra-high frequency ultrasound to make images of internal objects visible. The technique enables detection of any damage, deformity, or any uneven feature which may even have sub-micron thickness (near 100nm). This capability provides inspection of optical devices, printed circuit boards, and other electronic devices. Acoustic microscopy offers a way for scientists to observe, derive, and analyze the structures of the
Global Acoustic Control System Market 2017 Acoustic Control, Oceaneering Interna …
Global Acoustic Control System sales will reach about 1011 billion USD in 2017 from 875 billion USD in 2012 all around the world, with the CAGR of 2.62%. The Leading growing markets are China, Southeast Asia, etc. USA, EU, Oceania, India, etc. is the mature market with low growth rate. Global Acoustic Control System Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This Acoustic Control
SoundChecker™ – New cost-efficient Acoustic Analysis System
At Automotive Testing Expo Europe GOEPEL electronic introduces SoundChecker™, a new, cost-efficient complete system for acoustic and impact sound analyses. The system concept provides an ideal compromise to highly complex acoustic test systems, being a simple introduction and entree to sound analysis. SoundChecker™ is a complete kit consisting of a measurement data collecting unit, structure-borne sound sensors or open air microphones and an installation software which can be run on
Marmorette AcousticPlus: Acoustic linoleum by Armstrong
High-quality sound absorbing flooring presents a cost-effective alternative to thick, sound-insulating concrete slabs and floating screed. It also shortens project times because thinner concrete floors usually require shorter drying times. Armstrong has developed a new DLW linoleum flooring specifically for areas where acoustic properties must meet the highest standards. Marmorette AcousticPlus ensures a sound reduction of 17 dB. Thanks to its outstanding sound absorbing qualities, Marmorette AcousticPlus is particularly well-suited