Press release
Video Inspection Equipment Market to Grow at a CAGR of 4.9% to reach US$ 1,834.35 Million from 2021 to 2028 | The Insight Partners
Considerable growth in construction projects across the residential, commercial, and industrial sectors are contributing remarkably toward the adoption of drainage services. The video inspection Equipment tools are widely utilized to locate exact places of clogs before purchasing any industrial land or property. In a constantly changing world, the job of a municipal engineer has become more complex, with intensifying complexity of rules and regulations, covering the underground environment. Hence, contractors and municipal technicians have to ensure that the complete survey in underground infrastructure is conducted before initiating any other activity. The video inspection Equipment tools, including transporters, cameras, and recorders, are used in municipal verticals for inspection purposes. Considering the portability, robustness, reliability, and lightweight of video inspection equipment tools, these are broadly needed across the manufacturing & construction industry.
Video Inspection Equipment Market: Key Insights
According to our latest market study on “Video Inspection Equipment Market Size Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Application, and End User,” the market was valued at US$ 1,311.63 million in 2021 and is projected to reach US$ 1,834.35 million by 2028; it is expected to grow at a CAGR of 4.9% from 2021 to 2028.
Get Exclusive Sample Pages of Video Inspection Equipment Market with Latest Research at https://bit.ly/3qi5Lgj
Video Inspection Equipment Market: Competitive Landscape and Key Developments
A few key players operating in the global video inspection equipment market are Aries Industries, Inc.; CUES Inc. (SPX Corporation); Subsite Electronics; Vivax-Metrotech Corp; Rausch Electronics USA, LLC; Envirosight LLC; Hathorn Corporation; IBAK Helmut Hunger GmbH & Co. KG; CDS Corporation; and Extech (Flir Systems Inc.). Also, several other market players have been analyzed to understand the market.
In June 2021, IBAK Helmut Hunger GmbH & Co. KG announced that it is working on software for easing the inspector's workload during inspection data capture. The company stated that the AI of the software aims to enable standard features and automatic identification of defects.
In March 2020, Rausch and minCam joined forces to leverage their synergies to strengthen their marketplace in the growing global CCTV industry. The merger aims to become an international leader with a broad portfolio of products in the CCTV industry and leak testing systems for sewer inspections to continue the strong past growth.
The report segments the global Video Inspection Equipment Market as follows:
Video Inspection Equipment Market By Component
1. Cameras
2. Transporters
3. Monitors & Recorders
4. Software
5. Other Components
Video Inspection Equipment Market By Application
1. Drain & Sewer
2. Electrical Conduit & Ducts
3. Pipeline
4. Other Applications
Video Inspection Equipment Market By End User
1. Oil & Gas
2. Manufacturing & Construction
3. Food & Beverages
4. Chemicals & Pharmaceuticals
5. Other End Users
Order a Copy of Video Inspection Equipment Market Size, Share, Strategic Insights, and Forecasts 2021-2028 Research Report at https://bit.ly/3wyzC5m
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Email: sales@theinsightpartners.com
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive, and Defense.
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