DUBLIN – (COMMERCIAL THREAD) – The report “Acoustic Emissions Testing Market by Equipment (Sensors, Amplifiers, Detection Instruments), Service (Inspection, Calibration), Application and Geography – Global Forecast to 2023” has been added to ResearchAndMarkets.com
The noise emission testing market is expected to reach $ 349.9 million by 2023, up from $ 245.8 million in 2018, with a CAGR of 7.32% between 2018 and 2023.
Growing security concerns to improve productivity, the growing need for asset health monitoring and government initiatives for the implementation of NDT solutions are driving this market growth.
AET is used to assess the integrity, performance and productivity of assets by identifying various possible damages. The main factors restricting the growth of this market are the high cost of the system and the lack of skilled labor.
The sensors segment is expected to hold the largest share of this market during the forecast period. AE sensors convert the surface motion of elastic waves into an electrical signal, which is then processed by the measuring equipment. The growth of the acoustic emission testing market for sensors can be attributed to the information provided by the sensors related to the physical aspects, which are required to monitor the behavior of structures or equipment.
The storage tank application is expected to hold the largest share of the acoustic emission testing market during the forecast period. The growth in the acoustic emission testing market for storage tanks can be attributed to the real-time monitoring solution provided by AET to detect tank faults without shutting down operations and discharging the product. In storage tanks, AET detects faults or leaks at an early stage and thus helps reduce subsequent environmental damage.
The APAC acoustic emission testing market is expected to grow at the highest CAGR during the period 2018-2023. The growth of the AET in APAC market can be attributed to infrastructure developments and defense aircraft manufacturing. Improvements in economic growth, infrastructure development and power plant construction are driving the market for noise emission testing in APAC.
Main topics covered:
2. Research methodology
3. Executive summary
4. Premium previews
5. Market overview
6. Industry trends
7. Market analysis, by equipment
8. Market analysis, by service
9. Market Analysis, By Application
10. Market analysis, by geography
11. Competitive landscape
12. Company profiles
Acoustic emissions consulting (AEC, United States)
General Electric (GE, United States)
KRN Services (US)
MISTRAS (United States)
Parker Hannifin (United States)
Score Atlanta (United States)
TUV Austria (Austria)
TUV Nord (Germany)
TUV Rheinland (Germany) MISTRAS (United States)
Vallen Systeme (Germany)
For more information on this report, visit https://www.researchandmarkets.com/research/wmr5rf/acoustic_emission?w=4