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Strong Growth Forecast for Industrial X-Ray Tubes Market, Expected to Hit $1.27 Billion by 2028 with 8.2% CAGR

07-10-2024 01:44 PM CET | Health & Medicine

Press release from: The Business Research Company

Industrial X-Ray Tubes Market Report

Industrial X-Ray Tubes Market Report

The new report published by The Business Research Company, titled "Industrial X-Ray Tubes Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the industrial x-ray tubes market size has grown strongly in recent years. It will grow from $0.9 billion in 2023 to $0.97 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The industrial x-ray tubes market size is expected to see strong growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.

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Impact Of Increasing Oil And Gas Pipeline Expansion On The Industrial X-ray Tubes Market
The increasing oil and gas pipeline is expected to propel the growth of the industrial X-ray tubes market. Oil and gas pipelines refer to steel or plastic tubes buried underground to transport or distribute petroleum products from region to region and equipped with pumps, valves, and other control devices. Industrial X-ray tubes are used in oil and gas pipelines for non-destructive testing (NDT) to evaluate and inspect the pipelines' properties without destroying the original system's serviceability. For instance, in May 2022, according to the Energy Information Administration, a US-based principal agency of energy information, around 7,44 Bcf/d (Billion cubic feet per day) of new natural gas pipeline was added in 2021, and over 0.43 Bcf/d of new natural gas pipeline capacity was added in Q1 2022 in the US. Therefore, the increasing oil and gas pipeline is driving the growth of the industrial X-ray tubes market.

Innovative High-Resolution X-ray Tubes Transforming The Industrial X-ray Tubes Market
Major companies operating in the industrial X-ray tubes market are developing innovative products such as high-resolution X-ray tubes to increase profitability in the market. High-resolution X-ray tubes are X-ray tubes that produce a tiny focal spot, which is the point at which the X-rays are emitted that allows for high-resolution imaging. For instance, in December 2021, Excillum, a Sweden-based X-ray equipment manufacturer, launched the NanoTube N3. This new generation high-resolution X-ray tube enables the high resolution up to 160 kV. The NanoTube N3 is initially offered in three distinct variants and delivers top-tier resolution and stability for geometric-magnification X-ray imaging systems without requiring manual adjustments. The NanoTube N3 is designed especially for non-destructive testing (NDT) of components in advanced industries. The NanoTube N3 enables a resolution revolution by coupling the highest resolution in the world with industrial-grade throughput and speed. This innovative product introduces fresh opportunities across all applications demanding the highest X-ray resolution.

The industrial x-ray tubes market covered in this report is segmented -
1) By Type: Ceramic Tube, Glass Tube, Cermet Tube
2) By Application: Non-Destructive Testing, X-Ray Analysis, Coating Thickness Measurement
3) By End-User: Manufacturing, Healthcare, Food, Aerospace And Defense, Other End-Users

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Major companies operating in the industrial x-ray tubes market report are General Electric SE, Toshiba Corporation, Siemens Healthineers AG, Baker Hughes Company, Koninklijke Philips NV, Ronghua Ltd., Varian Medical Systems Inc., Varex Imaging Corporation, Comet Holding AG, Oxford Instruments, Lohmann X-ray GmbH, Nrt Nordisk Rontgen Teknik A S, Malvern Panalytical Ltd., Viscom AG , Dunlee Inc., Canon Electron Tubes & Devices Co Ltd., Proto Manufacturing LLC, Gulmay Inc., AXT Pty Ltd., Hangzhou Kailong Medical instrument Co Ltd., Lafco India Scientific Industries, BMI Biomedical International Corporation, IAE Sp.A, Micro X-ray Inc., Superior X-Ray Tube Company

Contents of the report:
1. Executive Summary
2. Industrial X-Ray Tubes Market Report Structure
3. Industrial X-Ray Tubes Market Trends And Strategies
4. Industrial X-Ray Tubes Market - Macro Economic Scenario
5. Industrial X-Ray Tubes Market Size And Growth
…..
27. Industrial X-Ray Tubes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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