Global Corrosion Monitoring System Market 2017-2021

  • ID: 4268105
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • Aquarius Technologies
  • Buckleys (UVRAL)
  • Circul-Aire
  • Cosasco
  • Honeywell
  • ICORR Technologies
  • MORE
About Corrosion Monitoring System
Corrosion monitoring is a vital part of maintaining awareness of the condition and service life of industrial systems and assets. A corrosion monitoring system includes hardware (probes, sensors, and other monitoring devices), software, and services. The global corrosion monitoring system market is segmented based on type, namely the intrusive and non-intrusive corrosion monitoring systems. End-users of this market are industries such as oil and gas, chemical, power generation, and others, which are providing a positive impact toward the growth of this market.

The analysts forecast the global corrosion monitoring system market to grow at a CAGR of 10.68% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global corrosion monitoring system market for 2017-2021. To calculate the market size, the report considers the sales, retrofit, replacement, and services market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Corrosion Monitoring System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ClampOn
- Emerson
- Honeywell
- Intertek
- SGS Group

Other prominent vendors
- Aquarius Technologies
- Alabama Specialty Products
- Applied Corrosion Monitoring
- BAC Corrosion Control
- Buckleys (UVRAL)
- ChemTreat
- Circul-Aire
- Cosasco
- Huguenot Laboratories
- ICORR Technologies
- Korosi Specindo
- PYRAMID TECHNICAL SERVICES
- RYSCO Corrosion Services

Market drivers
- Increased use of wireless technology for corrosion monitoring
- For a full, detailed list, view the full report

Market challenges
- High cost of repair and replacement
- For a full, detailed list, view the full report

Market trends
- Growing potential in emerging economies
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Aquarius Technologies
  • Buckleys (UVRAL)
  • Circul-Aire
  • Cosasco
  • Honeywell
  • ICORR Technologies
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by type
  • Market overview
  • Global intrusive corrosion monitoring system market
  • Global non-intrusive corrosion monitoring system market
PART 07: Market segmentation by end-user
  • Market overview
  • Global corrosion monitoring system market by oil and gas industry
  • Global corrosion monitoring system market by chemical industry
  • Global corrosion monitoring system market by power generation industry
  • Global corrosion monitoring system market by others
PART 08: Geographical segmentation
  • Market overview
  • Corrosion monitoring system market in Americas
  • Corrosion monitoring system market in APAC
  • Corrosion monitoring system market in EMEA
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends
  • Growing potential in emerging economies
  • Increase in deployment of Internet of Things (IIoT) solutions
  • Rise in mergers and acquisitions (M&A)
PART 12: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 13: Key vendor analysis
  • ClampOn
  • Emerson
  • Honeywell
  • Intertek
  • SGS Group
PART 14: Appendix

List of Exhibits
List of abbreviations
Exhibit 01: Corrosion monitoring system: Types and techniques
Exhibit 02: Market landscape
Exhibit 03: Market insights
Exhibit 04: Market size and forecast of global corrosion monitoring system market ($ millions)
Exhibit 05: Five forces analysis
Exhibit 06: Market segmentation based on type 2016 and 2021 (%)
Exhibit 07: Market size and forecast of intrusive corrosion monitoring system market 2016-2021 ($ millions)
Exhibit 08: Market size and forecast of non-intrusive corrosion monitoring system market 2016-2021 ($ millions)
Exhibit 09: Market segmentation based on end-user 2016 and 2021 (%)
Exhibit 10: Market size and forecast by oil and gas industry 2016-2021 ($ millions)
Exhibit 11: Market size and forecast by chemical industry 2016-2021 ($ millions)
Exhibit 12: Market size and forecast by power generation industry 2016-2021 ($ millions)
Exhibit 13: Market size and forecast by others 2016-2021 ($ millions)
Exhibit 14: Geographical segmentation 2016 and 2021 (%)
Exhibit 15: Market size and forecast in Americas 2016-2021 ($ millions)
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FEATURED COMPANIES

  • Aquarius Technologies
  • Buckleys (UVRAL)
  • Circul-Aire
  • Cosasco
  • Honeywell
  • ICORR Technologies
  • MORE
New Report Released: – Global Corrosion Monitoring System Market 2017-2021

The author of the report recognizes the following companies as the key players in the global corrosion monitoring system market: ClampOn, Emerson, Honeywell, Intertek, SGS Group.

Other Prominent Vendors in the market are: Aquarius Technologies, Alabama Specialty Products, Applied Corrosion Monitoring, BAC Corrosion Control, Buckleys (UVRAL), ChemTreat, Circul-Aire, Cosasco, Huguenot Laboratories, ICORR Technologies, Korosi Specindo, PYRAMID TECHNICAL SERVICES, and RYSCO Corrosion Services.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is growing potential in emerging economies. In emerging economies, many businesses are small and medium scale. In most cases, they cannot fully incorporate corrosion monitoring systems with sensor devices for manufacturing and other business activities. This is because the capital investment required for the procurement of corrosion monitoring systems is high. In recent years, with the increasing availability of online corrosion monitoring systems coupled with some reduction in the cost of such monitoring activities, there has been a substantial increase in the penetration of monitoring devices for quality assurance.”

According to the report, one of the major drivers for this market is increased use of wireless technology for corrosion monitoring. The corrosion monitoring system is an essential component of many industries that helps in increasing the productivity and decreasing the downtime. It enables the diagnosis of corrosion and change in parameters such as vibration, heat, and leak and oil analysis, which in turn helps in detecting problems early. Data collection instruments are of two types, namely online and offline monitoring systems, where data can be collected and stored automatically and manually according to the respective corrosive monitoring system. Online corrosion monitoring can be achieved through wired and wireless technologies.

Further, the report states that one of the major factors hindering the growth of this market is high cost of repair and replacement. Corrosion affects industries on a daily basis and causes damage to the equipment, machinery, pipelines, and materials. Corrosion is prevalent in aging infrastructure where repairs and replacements are highly required. The repairs and replacements costs are high in industries, such as oil and gas, marine, and power generation, where extreme and harsh environment persist. The corrosion monitoring system is easy to be installed for a greenfield project. However, it is difficult to be repaired and replaced as it is expensive and constitutes high labor cost. In addition, the lifetime of the industrial asset is not predictable.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ClampOn
  • Emerson
  • Honeywell
  • Intertek
  • SGS Group
  • Aquarius Technologies
  • Alabama Specialty Products
  • Applied Corrosion Monitoring
  • BAC Corrosion Control
  • Buckleys (UVRAL)
  • ChemTreat
  • Circul-Aire
  • Cosasco
  • Huguenot Laboratories
  • ICORR Technologies
  • Korosi Specindo
  • PYRAMID TECHNICAL SERVICES
  • RYSCO Corrosion Services
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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