Corrosion Under Insulation Monitoring Market
Corrosion Under Insulation Monitoring Market Forecast By Component (Hardware, Software, and Services), By End-User (Oil & Gas, Marine, Chemical & Petrochemical, Energy & Power, Food Processing, and Others), and By Region - Global Market Insights 2022-2032
Analysis of Corrosion under Insulation Monitoring Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Corrosion Under Insulation Monitoring Market Outlook (2022-2032)
The corrosion under insulation monitoring market reached a valuation of US$ 84.06 Million by 2021, and is likely to register a Y-o-Y growth rate of 11.0% in 2022, closing at US$ 94.74 Million. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a whopping 12.7% CAGR, reaching US$ 313.16 Million.
According to Fact.MR, oil and gas production industries have one of the major application areas for corrosion monitoring, which is expected to fuel the growth of the Corrosion under Insulation Monitoring Market during the forecast period. Corrosion under Insulation monitoring is an important method against premature degradation such as safety and environmental issues.
Corrosion can have costly penalties due to the loss in production, repairs, and unplanned replacements of the systems and components. Increasing awareness about corrosion under insulation monitoring as well as corrosion-related failure is another major factor that is anticipated to boost the growth of the market in the near future. The pipeline industry and refineries are other key factors for the growth of the corrosion under insulation monitoring market.
Report Attributes |
Details |
|
Anticipated Base Year Value (2021) |
US$ 84.06 Million |
|
Expected Market Value (2022) |
US$ 94.74 Million |
|
Projected Forecast Value (2032) |
US$ 313.16 Million |
|
Global Growth Rate (2022-2032) |
12.7% CAGR |
|
Expected Growth Rate of North America (2022-2032) |
12.6% CAGR |
|
Anticipated Growth Rate of Asia Pacific (2022-2032) |
12.5% CAGR |
|
Prominent Players |
|
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2017-2021 Revenue Analysis of Corrosion under Insulation Monitoring Market vs. Growth Outlook 2022-2032
According to Fact.MR’s report, Corrosion under Insulation Monitoring demand exhibited a CAGR of over 4.2% from 2017 to 2021. Factors such as energy consumption and the increase in production and exploration of crude oil and rising demand from the Corrosion Monitoring Market are expected to accelerate the demand for corrosion under insulation monitoring systems in the forthcoming years.
As corrosion under insulation monitoring system plays a major role in specific areas wherever accidental safety and hindrance is extremely significant like transport pipeline, water injection facilities, flow line, vessels, drilling mud system, gathering system, chemical injection system, and others probably propel the demand for the overall Corrosion under Insulation Monitoring Market over the analysis period. It is projected to surpass the market worth of US$ 313.16 Million by 2032.
Key Market Drivers Influencing Corrosion under Insulation Monitoring Industry Expansion
Advent of Artificial Intelligence to Propel the Market Growth
Variables associated with ambient environment for system design as well as piping installation procedures might affect the origination and spread of corrosion under insulation. Corrosion under insulation is a significant issue that threatens the integrity of numerous assets in the oil and gas sector. An inspection tool with artificial intelligence (AI) capabilities can aid the heat maps of insulated asset integrity to field inspection engineers.
The output of thermographic technologies could be increased by using a specifically designed AI-based solutions with machine learning. By extracting thermal anomaly features and correlating them with corrosion as well as irregularities in the structural integrity of assets verified visually during the phase of the Machine Learning (ML) algorithm, corrosion and factors that contribute to this degradation are predicted by looking at the progression of the thermal images captured over time.
This method ensures greater safety through remote inspection and significant cost savings from online asset monitoring. Thus, the integration of AI with corrosion monitoring systems is a major factor that is expected to augment the demand for these solutions during the analysis period.
Rising Demand for Corrosion under Insulation Monitoring to Augment Market Growth Prospects
There are several economically emerging countries, which have humid and tropical climates throughout the year; metal corrodes at a quicker pace in such environments. This occurs because of a reaction between oxygen and electrons on the metal’s surface and the moisture-saturated air. In general, metal components corrode more quickly, if they are exposed to humid air for a longer period. This type of corrosion is common in climates when the moisture content in the air approaches critical humidity or the point at which water no longer evaporates or gets absorbed from the atmosphere.
Most of the time, this occurs at 80% relative humidity (RH). Furthermore, the gradual difference between ambient temperature and temperature required for condensation creates conditions suitable for corrosion. Thus, the growing industrial sector in having such climatic conditions is anticipated to foster the growth of the corrosion under insulation monitoring market in the near future.
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Key Challenges encountered by Corrosion under Insulation Monitoring Industry
Risk of CUI in Cold Service Insulation to Limit the Market Growth
While most insulation systems are designed to protect against heat loss, cold service insulation (CSI) is an exception. However, without remote monitoring in Corrosion under insulation, there is a risk of unprotected loss of heat. Also, the CSI will also not be able to prevent corrosion on assets that are exposed to high humidity environments.
Hot systems may have isolated areas with wet insulation requiring remedial patch work of insulation for corrosion control. Cold service insulation systems must deal with water vapor, not just water. This condition separates the hot insulated systems from the cold insulated systems. Hence, this is one of the major factors that is anticipated to hamper the growth of the corrosion under insulation monitoring market during the forecast period.
Lack of Sufficient Regulatory Mandates to Restrain the Market Growth
One major factor that is hindering the market growth includes the lack of skilled personnel and technical expertise. In addition, a lack of sufficient regulatory mandates in most of the markets and a lack of awareness among end-use industries are other factors that are expected to restrain the growth of the corrosion under insulation monitoring market during the forecast period. Further, high installation and repair costs related to the process are also anticipated to limit the market demand in the forthcoming years.
Region-wise Analysis
How will North America Perform in the Global Corrosion under Insulation Monitoring Industry Landscape?
Oil & Gas Industry to Augment the Market Growth in North America
The Corrosion under Insulation Monitoring Market in the US will grow at a CAGR of 12.6% from 2022 to 2032. According to Fact.MR, North America is the fastest-growing Corrosion under Insulation Monitoring market region, accounting for over 33% of the market share in 2021.
According to the report published by Rust Bullet in 2020, North America’s oil & gas is a prominent end user industry of CUI monitoring solutions. Also, the US has the largest refining capacity in the world and accounts for over 23% of the world’s petroleum production; with 163 refineries, corrosion has an annual direct cost of ~US$ 3.7 billion.
The costs associated with maintenance are ~US$ 1.8 billion, the costs associated with vessel turnarounds are ~US$ 1.4 billion, and the costs associated with fouling are ~US$ 500 Million every year. Surface pipeline and facility costs in the US oil & gas industry total US$ 589 Million. Internal corrosion that develops in wells and pipelines is the main issue witnessed by the oil & gas sector across the region.
How will the Growth of Corrosion under Insulation Monitoring Market Escalate across Asia Pacific?
Chemical & Petrochemical Industry to Enhance the Market Prospects
The Corrosion under Insulation Monitoring Market in Asia Pacific is expected to grow at a CAGR of 12.5% from 2022 to 2032. In the Asia Pacific, India has a robust chemical & petrochemical industry with growing investment by both regional and international players.
It ranks 6th and 9th in imports and exports respectively in the global market, contributing ~12.8% in total imports and 12.9% in total exports in 2021. The growth of the industry is attributed to the increase in per capita consumption across the country.
For instance, the consumption of polyethylene and polypropylene increased from 6.5 kg in 2015 to 8.2 kg in 2020. Moreover, the adoption of digitalization across the chemical companies is expected to contribute to the growth of the corrosion under insulation monitoring market.
For instance, organizations are implementing sensors across their production sites to fetch real-time data across operational sites. These factors are further expected to increase the demand for CUI monitoring sensors from the chemical & petrochemical industry of the country.
Furthermore, the rise in investment by the Indian government to expand their oil refineries is expected to contribute to the growth of the corrosion under insulation monitoring market players of Asia Pacific.
Region-wise Forecast CAGRs for the Corrosion under Insulation Monitoring Market
| Region | CAGR |
|
North America |
12.6% |
|
Asia Pacific |
12.5% |
|
Europe |
12.2% |
|
Latin America |
12.1% |
|
Middle East & Africa |
12.0% |
Category-wise Insights
Which Segment to Remain Dominant in the Component Category?
Hardware Segment to Enhance Growth Prospects
According to Fact.MR’s data, preference for Hardware segment is expected to expand at a CAGR of 12.6% over the forecast period. Hardware is the backbone of the solutions provided by corrosion under insulation monitoring solution manufacturers, as it needs to be well designed and optimized according to the requirements of end users.
The software acts as an interface between hardware and end users. Services are entirely based on user requirements and service providers’ hardware and software configurations.
Which is the Most Sought-after End-User Category?
Oil & Gas Segment to Boost the Market’s Growth
According to Fact.MR’s data, preference for Oil & Gas segment is expected to expand at a CAGR of 12.5% over the forecast period, attributed to the growing demand for oil and gas, which has further increased the expansion of oil and gas pipeline.
Geothermal, water treatment, automotive, healthcare, and chemical industries, among others, exhibit a continuous need for systems to monitor corrosion under insulation. Metal structures corrode due to the penetration of the water through the leaks. Therefore, corrosion erosion issues are common with insulated pipes and vessels meeting water or liquid.
Thus, increasing investment in the oil and gas industry is driving the market growth, as with an expanding oil and gas industry the demand for CUI monitoring will also rise. Production and exploration activities are expanding due to the increased energy demand and profitable investment possibilities in the oil & gas sector.
Corrosion under Insulation Monitoring Market- Competitive Landscape
Prominent players in the Corrosion under Insulation Monitoring Industry are taking advantage of the rapidly increasing demand for the Corrosion under Insulation Monitoring in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:
- In 2022, MISTRAS Group partnered with the Materials Technology Institute (MTI). With this partnership, MISTRAS Group is enhancing its research & product development capabilities.
- In 2022, Eddyfi Technologies announced that it had completed the acquisition of Zetec, a subsidiary of Roper Technologies, Inc., to expand its business across the power generation & aerospace sectors.
- In 2021, Kaefer Group introduced blu, a global initiative to enhance Kaefer's experience in CUI remediation.
Key Segments Covered in the Corrosion under Insulation Monitoring Industry Survey
-
By Component :
- Hardware
- Software
- Services
-
By End-User :
- Oil & Gas
- Marine
- Chemical & Petrochemical
- Energy & Power
- Food Processing
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Component 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) Analysis By Component, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Component, 2022-2032 5.3.1. Hardware 5.3.2. Software 5.3.3. Services 5.4. Y-o-Y Growth Trend Analysis By Component, 2017-2021 5.5. Absolute $ Opportunity Analysis By Component, 2022-2032 6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By End User 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) Analysis By End User, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By End User, 2022-2032 6.3.1. Oil & Gas 6.3.2. Marine 6.3.3. Chemical & Petrochemical 6.3.4. Energy & Power 6.3.5. Food Processing Industries 6.3.6. Others 6.4. Y-o-Y Growth Trend Analysis By End User, 2017-2021 6.5. Absolute $ Opportunity Analysis By End User, 2022-2032 7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021 7.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. South Asia 7.3.5. East Asia 7.3.6. Oceania 7.3.7. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Component 8.2.3. By End User 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Component 8.3.3. By End User 8.4. Key Takeaways 9. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Component 9.2.3. By End User 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Component 9.3.3. By End User 9.4. Key Takeaways 10. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Component 10.2.3. By End User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Component 10.3.3. By End User 10.4. Key Takeaways 11. South Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. India 11.2.1.2. Malaysia 11.2.1.3. Singapore 11.2.1.4. Thailand 11.2.1.5. Rest of South Asia 11.2.2. By Component 11.2.3. By End User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Component 11.3.3. By End User 11.4. Key Takeaways 12. East Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Component 12.2.3. By End User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Component 12.3.3. By End User 12.4. Key Takeaways 13. Oceania Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. Australia 13.2.1.2. New Zealand 13.2.2. By Component 13.2.3. By End User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Component 13.3.3. By End User 13.4. Key Takeaways 14. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 14.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Component 14.2.3. By End User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Component 14.3.3. By End User 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. U.S. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Component 15.1.2.2. By End User 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Component 15.2.2.2. By End User 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Component 15.3.2.2. By End User 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Component 15.4.2.2. By End User 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Component 15.5.2.2. By End User 15.6. U.K. 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Component 15.6.2.2. By End User 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Component 15.7.2.2. By End User 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Component 15.8.2.2. By End User 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Component 15.9.2.2. By End User 15.10. India 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Component 15.10.2.2. By End User 15.11. Malaysia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Component 15.11.2.2. By End User 15.12. Singapore 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Component 15.12.2.2. By End User 15.13. Thailand 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Component 15.13.2.2. By End User 15.14. China 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Component 15.14.2.2. By End User 15.15. Japan 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Component 15.15.2.2. By End User 15.16. South Korea 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Component 15.16.2.2. By End User 15.17. Australia 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Component 15.17.2.2. By End User 15.18. New Zealand 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Component 15.18.2.2. By End User 15.19. GCC Countries 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Component 15.19.2.2. By End User 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By Component 15.20.2.2. By End User 15.21. Israel 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2021 15.21.2.1. By Component 15.21.2.2. By End User 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Component 16.3.3. By End User 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. 3-Sci Limited 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Kaefer Group 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. MISTRAS Group 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. Cosasco 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. MAXWELL NDT. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. Akzo Nobel N.V. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. Alabama Specialty Products, Inc. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. Eddyfi Technologies 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. iSensPro 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. QSA Global, Inc. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 02: Global Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 03: Global Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 04: North America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 05: North America Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 06: North America Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 07: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 08: Latin America Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 09: Latin America Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 10: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 11: Europe Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 12: Europe Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 13: South Asia Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 14: South Asia Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 15: South Asia Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 16: East Asia Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 17: East Asia Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 18: East Asia Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 19: Oceania Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 20: Oceania Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 21: Oceania Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 22: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 23: MEA Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 24: MEA Market Value (US$ Mn) Forecast by End User, 2017-2032
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List Of Figures
Figure 01: Global Market Value (US$ Mn) by Component, 2022-2032
Figure 02: Global Market Value (US$ Mn) by End User, 2022-2032
Figure 03: Global Market Value (US$ Mn) by Region, 2022-2032
Figure 04: Global Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 05: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 06: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 07: Global Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 08: Global Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 09: Global Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 10: Global Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 11: Global Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 13: Global Market Attractiveness by Component, 2022-2032
Figure 14: Global Market Attractiveness by End User, 2022-2032
Figure 15: Global Market Attractiveness by Region, 2022-2032
Figure 16: North America Market Value (US$ Mn) by Component, 2022-2032
Figure 17: North America Market Value (US$ Mn) by End User, 2022-2032
Figure 18: North America Market Value (US$ Mn) by Country, 2022-2032
Figure 19: North America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 22: North America Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 23: North America Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 24: North America Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 25: North America Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 26: North America Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 28: North America Market Attractiveness by Component, 2022-2032
Figure 29: North America Market Attractiveness by End User, 2022-2032
Figure 30: North America Market Attractiveness by Country, 2022-2032
Figure 31: Latin America Market Value (US$ Mn) by Component, 2022-2032
Figure 32: Latin America Market Value (US$ Mn) by End User, 2022-2032
Figure 33: Latin America Market Value (US$ Mn) by Country, 2022-2032
Figure 34: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 37: Latin America Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 40: Latin America Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 41: Latin America Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 43: Latin America Market Attractiveness by Component, 2022-2032
Figure 44: Latin America Market Attractiveness by End User, 2022-2032
Figure 45: Latin America Market Attractiveness by Country, 2022-2032
Figure 46: Europe Market Value (US$ Mn) by Component, 2022-2032
Figure 47: Europe Market Value (US$ Mn) by End User, 2022-2032
Figure 48: Europe Market Value (US$ Mn) by Country, 2022-2032
Figure 49: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 52: Europe Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 53: Europe Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 54: Europe Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 55: Europe Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 56: Europe Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 57: Europe Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 58: Europe Market Attractiveness by Component, 2022-2032
Figure 59: Europe Market Attractiveness by End User, 2022-2032
Figure 60: Europe Market Attractiveness by Country, 2022-2032
Figure 61: South Asia Market Value (US$ Mn) by Component, 2022-2032
Figure 62: South Asia Market Value (US$ Mn) by End User, 2022-2032
Figure 63: South Asia Market Value (US$ Mn) by Country, 2022-2032
Figure 64: South Asia Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 65: South Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 66: South Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 67: South Asia Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 68: South Asia Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 69: South Asia Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 70: South Asia Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 71: South Asia Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 72: South Asia Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 73: South Asia Market Attractiveness by Component, 2022-2032
Figure 74: South Asia Market Attractiveness by End User, 2022-2032
Figure 75: South Asia Market Attractiveness by Country, 2022-2032
Figure 76: East Asia Market Value (US$ Mn) by Component, 2022-2032
Figure 77: East Asia Market Value (US$ Mn) by End User, 2022-2032
Figure 78: East Asia Market Value (US$ Mn) by Country, 2022-2032
Figure 79: East Asia Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 80: East Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 81: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 82: East Asia Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 83: East Asia Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 84: East Asia Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 85: East Asia Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 86: East Asia Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 88: East Asia Market Attractiveness by Component, 2022-2032
Figure 89: East Asia Market Attractiveness by End User, 2022-2032
Figure 90: East Asia Market Attractiveness by Country, 2022-2032
Figure 91: Oceania Market Value (US$ Mn) by Component, 2022-2032
Figure 92: Oceania Market Value (US$ Mn) by End User, 2022-2032
Figure 93: Oceania Market Value (US$ Mn) by Country, 2022-2032
Figure 94: Oceania Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 95: Oceania Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 96: Oceania Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 97: Oceania Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 98: Oceania Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 99: Oceania Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 100: Oceania Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 101: Oceania Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 102: Oceania Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 103: Oceania Market Attractiveness by Component, 2022-2032
Figure 104: Oceania Market Attractiveness by End User, 2022-2032
Figure 105: Oceania Market Attractiveness by Country, 2022-2032
Figure 106: MEA Market Value (US$ Mn) by Component, 2022-2032
Figure 107: MEA Market Value (US$ Mn) by End User, 2022-2032
Figure 108: MEA Market Value (US$ Mn) by Country, 2022-2032
Figure 109: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 110: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 111: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 112: MEA Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 113: MEA Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 114: MEA Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 115: MEA Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 116: MEA Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 117: MEA Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 118: MEA Market Attractiveness by Component, 2022-2032
Figure 119: MEA Market Attractiveness by End User, 2022-2032
Figure 120: MEA Market Attractiveness by Country, 2022-2032
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- FAQs -
At what value will the Corrosion under Insulation Monitoring market close in 2022?
As of 2022, Fact.MR expects the Corrosion under Insulation Monitoring industry to be valued at US$ 94.74 Million.
At what percentage will the industry expand during the 2022-2032 period of assessment?
From 2022 to 2032, the Corrosion under Insulation Monitoring industry is poised to flourish at a 12.7% CAGR.
What is the expected closing market value for Corrosion under Insulation Monitoring in 2032?
By 2032, the Corrosion under Insulation Monitoring landscape is slated to reach a valuation of US$ 313.16 Million.
By Component, which segment is likely to experience the fastest growth rate?
Hardware Segment is expected to grow the fastest, at a CAGR of 12.6%.
Which is the most preferred end-user category of Corrosion under Insulation Monitoring?
By end-user, the Oil & Gas segment is expected to dominate the market, documenting a 12.5% value CAGR.
How will the market for Corrosion under Insulation Monitoring in North America flourish until 2032?
As per Fact.MR’s projections, the market for Corrosion under Insulation Monitoring in North America will likely expand at a 12.6% CAGR.
What will be the growth scenario for the market in Asia Pacific until 2032?
Asia Pacific is poised to yield a CAGR of 12.5% with respect to Corrosion under Insulation Monitoring in 2032.
What was the market worth for Corrosion under Insulation Monitoring in 2021?
As of 2021, the Corrosion under Insulation Monitoring market was valued at US$ 84.06 Million.
From 2017-2021, what was the documented growth rate for the Corrosion under Insulation Monitoring market?
According to Fact.MR, a CAGR of 4.2% was recorded for the Corrosion under Insulation Monitoring market from 2017-2021.
Corrosion Under Insulation Monitoring Market