Scope of the Study
Corrosion is referred to as an electrochemical process that transforms metals and alloys into oxides, hydroxides, and aqueous salts. Two types of reactions that take place first are the anodic reaction, in which reaction metal atoms are ionized and pass into solutions, leaving their electrons in the original metal. The second process includes the cathodic reaction, reduction takes place and metals are degraded by chemical reactions with O2 and H2O. Additionally, Corrosion monitoring is the process of controlling and preventing corrosion. Further, Increasing exploration & production of crude oil and rising demand from the downstream market is driving the corrosion monitoring market.
The market study is being classified by Type (Intrusive and Non-Intrusive), by Application (Oil & Gas, Chemical, Manufacturing, Power Generation, Pulp & Paper and Others) and major geographies with country level break-up. According to AMA, the Global Corrosion Monitoring market is expected to see growth rate of 9.16%
SGS SA (Switzerland), Intertek (United Kingdom), Cosasco (United States), Korosi Specindo (Indonesia), Rysco Corrosion Services (Canada), BAC Corrosion Control (United Kingdom), Applied Corrosion Monitoring (United States), Permasense (United Kingdom), ICORR Technologies (United States) and Pyramid Technical Services (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Ionix Advanced Technologies (United Kingdom) and Inductosense (United Kingdom).
AdvanceMarketAnalytics has segmented the market of Global Corrosion Monitoring market by Type, Application and Region.
On the basis of geography, the market of Corrosion Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End users, the sub-segment i.e. Oil & Gas will boost the Corrosion Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technique, the sub-segment i.e. Corrosion Coupons will boost the Corrosion Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Awareness Related to Corrosion Failures
- Growing Pipeline Industries and Refineries
- Rapid Developing Countries and Urbanization
- Rapidly Growing End-use Industries
- Strict Government Norms Regarding Safety at Work Place
- Huge Investment Required to Setup Corrosion Monitoring Equipment
- Slowdown in the Oil & Gas Upstream Industry
- Use of Corrosion Monitoring Techniques in Chemical, Electrical & Power Industries
- Growing Exploration and Production of Corrosion Activities
- Inaccuracy in Obtaining Reading of Corrosion Equipment
Market Leaders and their expansionary development strategies
In March 2017, Purafil launched a new active corrosion monitoring product, the OnGuard Smart. The OnGuard Smart builds on the capabilities of the OnGuard 4000 by incorporating a room pressure sensor and Wi-Fi capabilities to provide a complete picture of the environment's air quality with multiple connectivity options.
In April 2018 Ionix Advanced Technologies (Leeds, UK) and Inductosense (Bristol, UK) is proud to announce the release of its latest collaboration for Ultrasonic Corrosion / Erosion Trending. The system was successfully launched at NACE Internationalís Corrosion Conference Exhibition in Phoenix.
Key Target AudienceCorrosion Monitoring Technology Providers, Corrosion Monitoring Equipment Manufacturers, Corrosion Monitoring Equipment End-Use Industries, Government and Regulatory Organizations, Investment Research Firms, Government and Regulatory Bodies and Industry Associations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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