Press release
Video Inspection Equipment Market 2020: Consumption, Trends, Growth, Types,Industrial Applications, Leading Companies & Forecast till 2027 | ARIES INDUSTRIES INC,CUES Inc,Envirosight LLC,Hathorn Corporation
Video Inspection Equipment Market
North America Accounted for Largest Market Share in 2019
In North America, the US and Canada are the major economies that are highly involved in investing in advanced technology in several industries, leading to a highly competitive market in the region. Various types of video inspection equipment are used in several industries, such as manufacturing and construction, homeland security, and oil & gas, in the region. For instance, in the manufacturing and construction industry, municipalities in the region are taking active measures to enhance the inspection of the sewer systems. Video inspections of sewer systems comprise storm water sewers, oily water sewers, chemical sewers, water lines, and vaults and catch basins.
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Leading companies profiled in the report include
1. ARIES INDUSTRIES INC
2. CUES Inc
3. Envirosight LLC
4. Hathorn Corporation
5. IBAK Helmut Hunger GmbH and Co KG
6. MyTana Manufacturing
7. Rausch Electronics USA LLC
8. Subsite LLC
9. TechCorr
10. Vivax Metrotech Corp
The adoption of this equipment is also huge in the homeland security industry; the equipment is used in tactical and search and rescue operations, where it inspects prime areas of concern without excessive disassembly of equipment. In oil & gas industry, workers' safety is one of the crucial factors as they work in dangerous conditions. Vehicle accidents might occur while inspecting pipelines or traveling to gas and oil sites.
Impact of COVID-19 Pandemic on Video Inspection Equipment Market
APAC is a global manufacturing hub with countries such as China, Japan, South Korea, and India leading the global electronics and semiconductor industry growth. The ongoing COVID-19 is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific region. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries and it is among one of the worst affected COVID-19 countries.
Market Segmentation
Video Inspection Equipment Market - By Component
o Cameras
o Transporters
o Monitors & Recorders
o Software
Video Inspection Equipment Market - By Application
o Drain & Sewer
o Electrical Conduit & Ducts
o Pipeline
Video Inspection Equipment Market - By End User
o Oil & Gas
o Manufacturing & Construction
o Food & Beverages
o Chemicals & Pharmaceuticals
The lockdown of various plants and factories in China is affecting the global supply chains, which is negatively impacting manufacturing, delivery schedules, and sales of various electronic products and hardware component. China has recently emerged from a 2-month containment phase and moved into the mitigation stage; however, the economy growth is still showing sluggish growth due to uncertainty and recent comeback of COVID 19 cases in China.
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Key findings of study:
As the on-shore and off-shore businesses within the oil & gas industry are rising. The pipeline inspection by using camera systems is an economical and speedy way for several industries, including oil & gas. Companies such as Visioprobe offer waterproof industrial inspection cameras to inspect pipelines, caissons, tanks, and pressure vessels for corrosion. The gas pipe represents challenges in both metal and plastic piping where video inspection is required.
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The Insight Partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.
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