Acoustic Emission Equipment Market Size to Grow $130.8 Million by 2027: AMR
Aging infrastructure, increase in network densification, rise in standards of quality in developing countries, and surge in number of new infrastructural projects augment the growth of the global acoustic emission equipment market. By product type, the AE systems segment dominated the market in 2019. By technique, the linear location segment is anticipated to register fastest CAGR during the forecast period. Moreover, North America is expected to rule the roost throughout 2027.
Portland, OR, Sept. 02, 2020 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global *acoustic emission equipment industry* generated $108.0 million in 2019, and is estimated to *generate $130.8 million* in 2027, registering a *CAGR of 3.2%* from 2020 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
Aging infrastructure, increase in network densification, rise in standards of quality in developing countries, and surge in number of new infrastructural projects augment the growth of the global acoustic emission equipment market. On the other hand, lack of quantitative analysis in commercial acoustic emission testing and weak signals in noisy operating environments impede the market growth. Nevertheless, rise in investments in smart cities and big data analytics are anticipates to usher multiple opportunities in the coming years.
*Get Instant Access – Download Free PDF Brochure: https://www.alliedmarketresearch.com/request-sample/7013 *
*Covid-19 Scenario:*
· The manufacturing processes for acoustic emission equipment have been affected due to lockdown. In addition, the supply chain disruptions further hampered the market growth as it led to huge shortage of raw materials.
· Nevertheless, the companies in various regions have reinitiated their working processes, with concern to the regulation policies issued by the government bodies.
The global acoustic emission equipment market is segmented by product type, technique, end user, and region.
Based on product type, the AE systems segment contributed to the highest share in 2019, accounting for more than three fourths of the global acoustic emission equipment market, and is expected to maintain its lead position during the forecast period. On the other hand, the hand held systems segment is expected to witness the highest CAGR of 6.1% from 2020 to 2027. The report also analyzes standalone sensors segment.
Based on technique, the linear location segment accounted for nearly two-fifths of the total market share in 2019, and is projected to maintain its leadership throughout the forecast period. In addition, this segment is estimated to portray the fastest CAGR of 3.8% from 2020 to 2027. The report also analyzes segments including multiple channel source location technique, zonal location technique, and point location technique.
*Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/7013 *
Based on region, *North America held the highest market share* with more than one-third of the global acoustic emission equipment market in 2019, and is expected to maintain its dominant position by 2027. Nevertheless, the Asia-Pacific region is expected to grow at the fastest CAGR of 4.9% from 2020 to 2027. Furthermore, regions including LAMEA and Europe are also analyzed in the report.
The key market players in the report include Campbell Scientific, Inc., Acoustic Monitoring International, Inc., Dodson Technical Services, Inc., Score Atlanta Inc., Siemens AG, Vallen Systeme GmbH, Wabtec Corporation, Mistras Group, Inc., Parker-Hannifin Corporation, and Schmitt Europe Ltd.
*Access Avenue (Premium on-demand, subscription-based pricing model) @ **https://www.alliedmarketresearch.com/Avenue-Membership-details*
Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
*About Us:*
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.CONTACT: Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com