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Acoustic Emission Testing - Global Market Trajectory & Analytics

  • ID: 4804536
  • Report
  • July 2020
  • Region: Global
  • 191 pages
  • Global Industry Analysts, Inc
1 of 3

FEATURED COMPANIES

  • ACUREN
  • AMERAPEX CORPORATION
  • APPLUS SERVICES, S.A.
  • DIGITAL WAVE CORPORATION
  • FIBA TECHNOLOGIES
  • GENERAL ELECTRIC COMPANY
  • MORE
Global Acoustic Emission Testing Market to Reach US$382.7 Million by the Year 2027

Amid the COVID-19 crisis, the global market for Acoustic Emission Testing estimated at US$256 Million in the year 2020, is projected to reach a revised size of US$382.7 Million by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027.Sensors, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$159.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Amplifiers segment is readjusted to a revised 5.5% CAGR for the next 7-year period. This segment currently accounts for a 26.6% share of the global Acoustic Emission Testing market.

The U. S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 5.5% CAGR for the Period of 2020-2027

The Acoustic Emission Testing market in the U. S. is estimated at US$75.6 Million in the year 2020. The country currently accounts for a 29.51% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$67.1 Million in the year 2027 trailing a CAGR of 5.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR while Rest of European market (as defined in the study) will reach US$67.1 Million by the year 2027.

Detection Instruments Segment Corners a 20% Share in 2020

In the global Detection Instruments segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$41.1 Million in the year 2020 will reach a projected size of US$61.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$43.9 Million by the year 2027.The publisher brings years of research experience to this 9th edition of our report. The 191-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • Acoustic Emission Consulting, Inc.
  • General Electric Company
  • KRN Services
  • Parker Hannifin Corporation
  • Score Atlanta
  • Tuv Nord Group
  • TUV Rheinland AG
  • Vallen Systeme GmbH

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • ACUREN
  • AMERAPEX CORPORATION
  • APPLUS SERVICES, S.A.
  • DIGITAL WAVE CORPORATION
  • FIBA TECHNOLOGIES
  • GENERAL ELECTRIC COMPANY
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Ever-Persistent Threats of Pollution and Global Warming Spurs Importance of Acoustic Emission Testing in Various Industries

Global Competitor Market Shares

Acoustic Emission Testing Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Machine Health Monitoring: A Major Application Area of Acoustic Emission Testing Market

Surge in Demand for NDT Solutions Supported by Government Initiatives for its Effective Implementation Favors Market Growth

Global Wind Power Market: Breakdown of Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024

Global Wind Power Market: Installed Capacity in GW by Region for the Years 2018, 2020, 2022 and 2024

Global Commercial Airline Fleet: Breakdown of Number of Aircraft for the Years 2017, 2019, 2021, 2023 and 2025

Global Aircraft Maintenance, Repair and Overhaul Market: Breakdown of Revenues in US$ Billion for the Years 2017, 2019, 2021, 2023 and 2025

Rising Safety Concerns and Advancements in Acoustic Emission Testing Favor Market Growth

Emerging Demand for Acoustic Emission Testing in Power Generation Industry: An Opportunity Indicator

Urgent Need to Inspect Aging Infrastructure Worldwide Spurs Growth of Acoustic Emission Testing Equipment Market

Product Overview

Acoustic Emission: Definition

Acoustic Emission Testing: An Insight

Acoustic Emission Testing Equipment

Benefits of AE Testing

Applications of Acoustic Emission Testing

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Acoustic Emission Testing Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Acoustic Emission Testing Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
TABLE 3: Acoustic Emission Testing Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Sensors (Equipment) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 5: Sensors (Equipment) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
TABLE 6: Sensors (Equipment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Amplifiers (Equipment) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 8: Amplifiers (Equipment) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019
TABLE 9: Amplifiers (Equipment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Detection Instruments (Equipment) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
TABLE 11: Detection Instruments (Equipment) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2012 to 2019
TABLE 12: Detection Instruments (Equipment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Other Equipment (Equipment) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027
TABLE 14: Other Equipment (Equipment) Market Historic Review by Region/Country in US$ Thousand: 2012 to 2019
TABLE 15: Other Equipment (Equipment) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Storage Tank (Application) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 17: Storage Tank (Application) Global Historic Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 18: Storage Tank (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Pipeline (Application) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027
TABLE 20: Pipeline (Application) Analysis of Historic Sales in US$ Thousand by Region/Country for the Years 2012 to 2019
TABLE 21: Pipeline (Application) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
TABLE 22: Aging Aircraft (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
TABLE 23: Aging Aircraft (Application) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 24: Aging Aircraft (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: Structural Monitoring (Application) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
TABLE 26: Structural Monitoring (Application) Historic Demand Patterns in US$ Thousand by Region/Country: 2012-2019
TABLE 27: Structural Monitoring (Application) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 28: Turbine (Application) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 29: Turbine (Application) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 30: Turbine (Application) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 31: Other Applications (Application) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
TABLE 32: Other Applications (Application) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 33: Other Applications (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Acoustic Emission Testing Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 34: United States Acoustic Emission Testing Market Estimates and Projections in US$ Thousand by Equipment: 2020 to 2027
TABLE 35: Acoustic Emission Testing Market in the United States by Equipment: A Historic Review in US$ Thousand for 2012-2019
TABLE 36: United States Acoustic Emission Testing Market Share Breakdown by Equipment: 2012 VS 2020 VS 2027
TABLE 37: United States Acoustic Emission Testing Latent Demand Forecasts in US$ Thousand by Application: 2020 to 2027
TABLE 38: Acoustic Emission Testing Historic Demand Patterns in the United States by Application in US$ Thousand for 2012-2019
TABLE 39: Acoustic Emission Testing Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027

CANADA

TABLE 40: Canadian Acoustic Emission Testing Market Estimates and Forecasts in US$ Thousand by Equipment: 2020 to 2027
TABLE 41: Canadian Acoustic Emission Testing Historic Market Review by Equipment in US$ Thousand: 2012-2019
TABLE 42: Acoustic Emission Testing Market in Canada: Percentage Share Breakdown of Sales by Equipment for 2012, 2020, and 2027
TABLE 43: Canadian Acoustic Emission Testing Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027
TABLE 44: Acoustic Emission Testing Market in Canada: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2012-2019
TABLE 45: Canadian Acoustic Emission Testing Market Share Analysis by Application: 2012 VS 2020 VS 2027

JAPAN

TABLE 46: Japanese Market for Acoustic Emission Testing: Annual Sales Estimates and Projections in US$ Thousand by Equipment for the Period 2020-2027
TABLE 47: Acoustic Emission Testing Market in Japan: Historic Sales Analysis in US$ Thousand by Equipment for the Period 2012-2019
TABLE 48: Japanese Acoustic Emission Testing Market Share Analysis by Equipment: 2012 VS 2020 VS 2027
TABLE 49: Japanese Demand Estimates and Forecasts for Acoustic Emission Testing in US$ Thousand by Application: 2020 to 2027
TABLE 50: Japanese Acoustic Emission Testing Market in US$ Thousand by Application: 2012-2019
TABLE 51: Acoustic Emission Testing Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027

CHINA

TABLE 52: Chinese Acoustic Emission Testing Market Growth Prospects in US$ Thousand by Equipment for the Period 2020-2027
TABLE 53: Acoustic Emission Testing Historic Market Analysis in China in US$ Thousand by Equipment: 2012-2019
TABLE 54: Chinese Acoustic Emission Testing Market by Equipment: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 55: Chinese Demand for Acoustic Emission Testing in US$ Thousand by Application: 2020 to 2027
TABLE 56: Acoustic Emission Testing Market Review in China in US$ Thousand by Application: 2012-2019
TABLE 57: Chinese Acoustic Emission Testing Market Share Breakdown by Application: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

European Acoustic Emission Testing Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics
TABLE 58: European Acoustic Emission Testing Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
TABLE 59: Acoustic Emission Testing Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 60: European Acoustic Emission Testing Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 61: European Acoustic Emission Testing Market Estimates and Forecasts in US$ Thousand by Equipment: 2020-2027
TABLE 62: Acoustic Emission Testing Market in Europe in US$ Thousand by Equipment: A Historic Review for the Period 2012-2019
TABLE 63: European Acoustic Emission Testing Market Share Breakdown by Equipment: 2012 VS 2020 VS 2027
TABLE 64: European Acoustic Emission Testing Addressable Market Opportunity in US$ Thousand by Application: 2020-2027
TABLE 65: Acoustic Emission Testing Market in Europe: Summarization of Historic Demand in US$ Thousand by Application for the Period 2012-2019
TABLE 66: European Acoustic Emission Testing Market Share Analysis by Application: 2012 VS 2020 VS 2027

FRANCE

TABLE 67: Acoustic Emission Testing Market in France by Equipment: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 68: French Acoustic Emission Testing Historic Market Scenario in US$ Thousand by Equipment: 2012-2019
TABLE 69: French Acoustic Emission Testing Market Share Analysis by Equipment: 2012 VS 2020 VS 2027
TABLE 70: Acoustic Emission Testing Quantitative Demand Analysis in France in US$ Thousand by Application: 2020-2027
TABLE 71: French Acoustic Emission Testing Historic Market Review in US$ Thousand by Application: 2012-2019
TABLE 72: French Acoustic Emission Testing Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027

GERMANY

TABLE 73: Acoustic Emission Testing Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Equipment for the Period 2020-2027
TABLE 74: German Acoustic Emission Testing Historic Market Analysis in US$ Thousand by Equipment: 2012-2019
TABLE 75: German Acoustic Emission Testing Market Share Breakdown by Equipment: 2012 VS 2020 VS 2027
TABLE 76: Acoustic Emission Testing Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2020-2027
TABLE 77: German Acoustic Emission Testing Market in Retrospect in US$ Thousand by Application: 2012-2019
TABLE 78: Acoustic Emission Testing Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027

ITALY

TABLE 79: Italian Acoustic Emission Testing Market Growth Prospects in US$ Thousand by Equipment for the Period 2020-2027
TABLE 80: Acoustic Emission Testing Historic Market Analysis in Italy in US$ Thousand by Equipment: 2012-2019
TABLE 81: Italian Acoustic Emission Testing Market by Equipment: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 82: Italian Demand for Acoustic Emission Testing in US$ Thousand by Application: 2020 to 2027
TABLE 83: Acoustic Emission Testing Market Review in Italy in US$ Thousand by Application: 2012-2019
TABLE 84: Italian Acoustic Emission Testing Market Share Breakdown by Application: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 85: United Kingdom Market for Acoustic Emission Testing: Annual Sales Estimates and Projections in US$ Thousand by Equipment for the Period 2020-2027
TABLE 86: Acoustic Emission Testing Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Equipment for the Period 2012-2019
TABLE 87: United Kingdom Acoustic Emission Testing Market Share Analysis by Equipment: 2012 VS 2020 VS 2027
TABLE 88: United Kingdom Demand Estimates and Forecasts for Acoustic Emission Testing in US$ Thousand by Application: 2020 to 2027
TABLE 89: United Kingdom Acoustic Emission Testing Market in US$ Thousand by Application: 2012-2019
TABLE 90: Acoustic Emission Testing Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 91: Rest of Europe Acoustic Emission Testing Market Estimates and Forecasts in US$ Thousand by Equipment: 2020-2027
TABLE 92: Acoustic Emission Testing Market in Rest of Europe in US$ Thousand by Equipment: A Historic Review for the Period 2012-2019
TABLE 93: Rest of Europe Acoustic Emission Testing Market Share Breakdown by Equipment: 2012 VS 2020 VS 2027
TABLE 94: Rest of Europe Acoustic Emission Testing Addressable Market Opportunity in US$ Thousand by Application: 2020-2027
TABLE 95: Acoustic Emission Testing Market in Rest of Europe: Summarization of Historic Demand in US$ Thousand by Application for the Period 2012-2019
TABLE 96: Rest of Europe Acoustic Emission Testing Market Share Analysis by Application: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 97: Acoustic Emission Testing Market in Asia-Pacific by Equipment: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 98: Asia-Pacific Acoustic Emission Testing Historic Market Scenario in US$ Thousand by Equipment: 2012-2019
TABLE 99: Asia-Pacific Acoustic Emission Testing Market Share Analysis by Equipment: 2012 VS 2020 VS 2027
TABLE 100: Acoustic Emission Testing Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Application: 2020-2027
TABLE 101: Asia-Pacific Acoustic Emission Testing Historic Market Review in US$ Thousand by Application: 2012-2019
TABLE 102: Asia-Pacific Acoustic Emission Testing Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027

REST OF WORLD

TABLE 103: Rest of World Acoustic Emission Testing Market Estimates and Forecasts in US$ Thousand by Equipment: 2020 to 2027
TABLE 104: Rest of World Acoustic Emission Testing Historic Market Review by Equipment in US$ Thousand: 2012-2019
TABLE 105: Acoustic Emission Testing Market in Rest of World: Percentage Share Breakdown of Sales by Equipment for 2012, 2020, and 2027
TABLE 106: Rest of World Acoustic Emission Testing Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027
TABLE 107: Acoustic Emission Testing Market in Rest of World: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2012-2019
TABLE 108: Rest of World Acoustic Emission Testing Market Share Analysis by Application: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 44

Note: Product cover images may vary from those shown
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  • ACOUSTIC EMISSION CONSULTING, INC.
  • ACUREN
  • AMERAPEX CORPORATION
  • APPLUS SERVICES, S.A.
  • DIGITAL WAVE CORPORATION
  • FIBA TECHNOLOGIES
  • GENERAL ELECTRIC COMPANY
  • KRN SERVICES
  • MISTRAS GROUP, INC.
  • NDT TECHNOLOGIES (P) LIMITED
  • PARKER
Note: Product cover images may vary from those shown
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