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Global Corrosion Monitoring System Market 2017-2021

Global Corrosion Monitoring System Market 2017-2021

About Corrosion Monitoring System

Corrosion monitoring is a vital part of maintaining awareness of the condition and service life of industrial systems and assets. A corrosion monitoring system includes hardware (probes, sensors, and other monitoring devices), software, and services. The global corrosion monitoring system market is segmented based on type, namely the intrusive and non-intrusive corrosion monitoring systems. End-users of this market are industries such as oil and gas, chemical, power generation, and others, which are providing a positive impact toward the growth of this market.

Technavio’s analysts forecast the global corrosion monitoring system market to grow at a CAGR of 10.68% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global corrosion monitoring system market for 2017-2021. To calculate the market size, the report considers the sales, retrofit, replacement, and services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Corrosion Monitoring System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ClampOn
  • Emerson
  • Honeywell
  • Intertek
  • SGS Group
Other prominent vendors
  • Aquarius Technologies
  • Alabama Specialty Products
  • Applied Corrosion Monitoring
  • BAC Corrosion Control
  • Buckleys (UVRAL)
  • ChemTreat
  • Circul-Aire
  • Cosasco
  • Huguenot Laboratories
  • ICORR Technologies
  • Korosi Specindo
  • PYRAMID TECHNICAL SERVICES
  • RYSCO Corrosion Services
Market driver
  • Increased use of wireless technology for corrosion monitoring
  • For a full, detailed list, view our report
Market challenge
  • High cost of repair and replacement
  • For a full, detailed list, view our report
Market trend
  • Growing potential in emerging economies
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Corrosion Monitoring System Market 2017-2021
Technavio recognizes the following companies as the key players in the global corrosion monitoring system market: ClampOn, Emerson, Honeywell, Intertek, SGS Group.

Other Prominent Vendors in the market are: Aquarius Technologies, Alabama Specialty Products, Applied Corrosion Monitoring, BAC Corrosion Control, Buckleys (UVRAL), ChemTreat, Circul-Aire, Cosasco, Huguenot Laboratories, ICORR Technologies, Korosi Specindo, PYRAMID TECHNICAL SERVICES, and RYSCO Corrosion Services.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing potential in emerging economies. In emerging economies, many businesses are small and medium scale. In most cases, they cannot fully incorporate corrosion monitoring systems with sensor devices for manufacturing and other business activities. This is because the capital investment required for the procurement of corrosion monitoring systems is high. In recent years, with the increasing availability of online corrosion monitoring systems coupled with some reduction in the cost of such monitoring activities, there has been a substantial increase in the penetration of monitoring devices for quality assurance.”
According to the report, one of the major drivers for this market is increased use of wireless technology for corrosion monitoring. The corrosion monitoring system is an essential component of many industries that helps in increasing the productivity and decreasing the downtime. It enables the diagnosis of corrosion and change in parameters such as vibration, heat, and leak and oil analysis, which in turn helps in detecting problems early. Data collection instruments are of two types, namely online and offline monitoring systems, where data can be collected and stored automatically and manually according to the respective corrosive monitoring system. Online corrosion monitoring can be achieved through wired and wireless technologies.
Further, the report states that one of the major factors hindering the growth of this market is high cost of repair and replacement. Corrosion affects industries on a daily basis and causes damage to the equipment, machinery, pipelines, and materials. Corrosion is prevalent in aging infrastructure where repairs and replacements are highly required. The repairs and replacements costs are high in industries, such as oil and gas, marine, and power generation, where extreme and harsh environment persist. The corrosion monitoring system is easy to be installed for a greenfield project. However, it is difficult to be repaired and replaced as it is expensive and constitutes high labor cost. In addition, the lifetime of the industrial asset is not predictable.


Companies Mentioned

ClampOn, Emerson, Honeywell, Intertek, SGS Group, Aquarius Technologies, Alabama Specialty Products, Applied Corrosion Monitoring, BAC Corrosion Control, Buckleys (UVRAL), ChemTreat, Circul-Aire, Cosasco, Huguenot Laboratories, ICORR Technologies, Korosi Specindo, PYRAMID TECHNICAL SERVICES, and RYSCO Corrosion Services.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Corrosion monitoring system: Types and techniques
  • Market landscape
    • Market overview
      • Table Market landscape
      • Table Market insights
    • Market size and forecast
      • Table Market size and forecast of global corrosion monitoring system market ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market overview
      • Table Market segmentation based on type 2016 and 2021 (%)
    • Global intrusive corrosion monitoring system market
      • Table Market size and forecast of intrusive corrosion monitoring system market 2016-2021 ($ millions)
    • Global non-intrusive corrosion monitoring system market
      • Table Market size and forecast of non-intrusive corrosion monitoring system market 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market overview
      • Table Market segmentation based on end-user 2016 and 2021 (%)
    • Global corrosion monitoring system market by oil and gas industry
      • Table Market size and forecast by oil and gas industry 2016-2021 ($ millions)
    • Global corrosion monitoring system market by chemical industry
      • Table Market size and forecast by chemical industry 2016-2021 ($ millions)
    • Global corrosion monitoring system market by power generation industry
      • Table Market size and forecast by power generation industry 2016-2021 ($ millions)
    • Global corrosion monitoring system market by others
      • Table Market size and forecast by others 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Geographical segmentation 2016 and 2021 (%)
    • Corrosion monitoring system market in Americas
      • Table Market size and forecast in Americas 2016-2021 ($ millions)
      • Table Oil and gas pipeline projects in the Americas
    • Corrosion monitoring system market in APAC
      • Table Market size and forecast in APAC 2016-2021 ($ millions)
      • Table Oil and gas pipeline projects in APAC
    • Corrosion monitoring system market in EMEA
      • Table Market size and forecast in EMEA 2016-2021 ($ millions)
      • Table Oil and gas pipeline projects in EMEA
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing potential in emerging economies
    • Increase in deployment of Internet of Things (IIoT) solutions
    • Rise in mergers and acquisitions (M&A)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ClampOn
      • Table ClampOn: Service segments
      • Table ClampOn: Corrosion monitoring product portfolio
      • Table ClampOn: Key highlights
    • Emerson
      • Table Emerson: Solution segments
      • Table Emerson: Corrosion monitoring product portfolio
      • Table Emerson: Key highlights
    • Honeywell
      • Table Honeywell: Solution segments
      • Table Honeywell: Corrosion monitoring product portfolio
      • Table Honeywell: Key highlights
    • Intertek
      • Table Intertek: Solution segments
      • Table Intertek: Corrosion monitoring services portfolio
      • Table Intertek: Key highlights
    • SGS Group
      • Table SGS Group: Solution segment
      • Table SGS Group: Corrosion monitoring services portfolio
      • Table SGS Group: Key highlights
  • Appendix
    • List of abbreviations
  • Explore Technavio

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