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Acoustic Emission Testing Market by Equipment (Sensors, Amplifiers, Detection Instruments), Service (Inspection, Calibration), Application (Storage Tank, Pipeline, Aging Aircraft, Structural Monitoring, Turbine), and Geography - Global Forecast to 2023

Acoustic Emission Testing Market by Equipment (Sensors, Amplifiers, Detection Instruments), Service (Inspection, Calibration), Application (Storage Tank, Pipeline, Aging Aircraft, Structural Monitoring, Turbine), and Geography - Global Forecast to 2023

Acoustic emission testing market to grow at a CAGR of 7.32% during forecast period
The acoustic emission testing market is expected to be worth USD 349.9 million by 2023, from USD 245.8 million in 2018, at a CAGR of 7.32% between 2018 and 2023. Growing safety concerns to enhance productivity, increasing need for asset health monitoring, and the government initiatives for the implementation of NDT solutions are driving this market growth. AET is used to assess asset integrity, performance, and productivity by identifying the various possible damages. The key restraining factors for the growth of this market are high system cost and lack of skilled workforce.

Sensors to hold largest share of acoustic emission testing market during forecast period
The sensors segment is expected to hold the largest share of this market during the forecast period. AE sensors convert the surface movement of elastic waves into an electrical signal, which is further processed by the measurement equipment. The growth of the acoustic emission testing market for sensors can be attributed to the information provided by sensors related to physical aspects, which is necessary to monitor the behavior of structures or equipment.

Storage tank application to hold largest share of acoustic emission testing market during forecast period
The storage tank application is expected to hold the largest share of the acoustic emission testing market during the forecast period. The growth of the acoustic emission testing market for storage tanks can be attributed to the real-time monitoring solution provided by AET for detecting flaws in tanks without halting the operation and evacuating the product. In storage tanks, AET detects flaws or leakages at an early stage and thus helps in reducing the subsequent environmental damage.

Acoustic emission testing market in APAC to grow at highest CAGR between 2018 and 2023
The acoustic emission testing market in APAC is expected to grow at the highest CAGR during 2018–2023. The growth of the AET market in APAC can be attributed to infrastructural developments and manufacturing of defense aircraft. Improvements in terms of economic growth, infrastructural developments, and the construction of power plants boost the acoustic emission testing market in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with experts in the market. The breakup of the profiles of primary participants for the report has been shown below:
• By Company Type: Tier 1 = 20 %, Tier 2 = 55%, and Tier 3 = 25%
• By Designation: C-Level Executives =50%, Directors = 25%, and Managers = 25%
• By Region: North America = 60%, Europe =20%, APAC = 10%, and RoW=10%

The report also profiles the key players in the acoustic emission testing market and analyzes their market ranking. The prominent players profiled in this report are TUV Rheinland (Germany), MISTRAS (US), TUV Nord (Germany), Parker Hannifin (US), TUV Austria (Austria), General Electric (GE, US), Acoustic Emission Consulting (AEC, US), Vallen Systeme (Germany), KRN Services (US), and Score Atlanta (US).

Research Coverage
This report categorizes the overall acoustic emission testing market on the basis of equipment, services, applications, and regions. Moreover, the report provides the value chain analysis of the acoustic emission testing market. The report also describes the major drivers, restraints, challenges, and opportunities pertaining to the market.

Key Benefits of Buying the Report
The report would help the leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall acoustic emission testing market and subsegments. This report would help stakeholders understand the competitive landscape better, gain more insights to position their businesses better in the market, and make suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR STUDY
    • CURRENCY
    • LIMITATIONS
    • MARKET STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET RANKING ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN ACOUSTIC EMISSION TESTING MARKET
    • ACOUSTIC EMISSION TESTING MARKET, BY EQUIPMENT
    • ACOUSTIC EMISSION TESTING MARKET, BY SERVICE AND COUNTRY
    • ACOUSTIC EMISSION TESTING MARKET, BY APPLICATION
    • COUNTRY-WISE ANALYSIS OF ACOUSTIC EMISSION TESTING MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • ACOUSTIC EMISSION TESTING TECHNIQUES
      • INTRODUCTION
      • MULTICHANNEL SOURCE LOCATION
      • COMPUTED SOURCE LOCATION
      • ZONE LOCATION AND GUARD TECHNIQUES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • EMERGING TRENDS: ACOUSTIC EMISSION TESTING EQUIPMENT INDUSTRY
      • DEVELOPMENT OF NEW MATERIALS TO REFURBISH THE MARKET
      • INCREASED CUSTOMER EXPECTATIONS FROM AET EQUIPMENT MANUFACTURERS
    • REGULATIONS AND STANDARDS RELATED TO NDT
    • LEADING ASSOCIATIONS FOR AET
      • AMERICAN SOCIETY FOR NONDESTRUCTIVE TESTING (ASNT)
      • BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING (BINDT)
  • MARKET ANALYSIS, BY EQUIPMENT
    • INTRODUCTION
      • Table ACOUSTIC EMISSION TESTING MARKET, BY EQUIPMENT, 2015-2023 (USD MILLION)
    • SENSORS
      • Table ACOUSTIC EMISSION TESTING MARKET FOR SENSORS, BY APPLICATION, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR SENSORS, BY REGION, 2015-2023 (USD THOUSAND)
    • AMPLIFIERS
      • Table ACOUSTIC EMISSION TESTING MARKET FOR AMPLIFIERS, BY APPLICATION, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR AMPLIFIERS, BY REGION, 2015-2023 (USD THOUSAND)
    • DETECTION INSTRUMENTS
      • Table ACOUSTIC EMISSION TESTING MARKET FOR DETECTION INSTRUMENTS, BY APPLICATION, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR DETECTION INSTRUMENTS, BY REGION, 2015-2023 (USD THOUSAND)
    • CALIBRATORS
      • Table ACOUSTIC EMISSION TESTING MARKET FOR CALIBRATORS, BY APPLICATION, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR CALIBRATORS, BY REGION, 2015-2023 (USD THOUSAND)
    • OTHERS
      • Table ACOUSTIC EMISSION TESTING MARKET FOR OTHERS, BY APPLICATION, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR OTHERS, BY REGION, 2015-2023 (USD THOUSAND)
  • MARKET ANALYSIS, BY SERVICE
    • INTRODUCTION
      • Table ACOUSTIC EMISSION TESTING MARKET, BY SERVICE, 2015-2023 (USD MILLION)
    • INSPECTION
      • Table ACOUSTIC EMISSION TESTING MARKET FOR INSPECTION SERVICES, BY APPLICATION, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR INSPECTION SERVICES, BY REGION, 2015-2023 (USD MILLION)
    • CALIBRATION
      • Table ACOUSTIC EMISSION TESTING MARKET FOR CALIBRATION SERVICES, BY APPLICATION, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR CALIBRATION SERVICES, BY REGION, 2015-2023 (USD MILLION)
  • MARKET ANALYSIS, BY APPLICATION
    • INTRODUCTION
      • Table ACOUSTIC EMISSION TESTING MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
    • STORAGE TANK
      • Table ACOUSTIC EMISSION TESTING MARKET FOR STORAGE TANK, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR STORAGE TANK, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR STORAGE TANK, BY REGION, 2015-2023 (USD THOUSAND)
    • PIPELINE
      • Table ACOUSTIC EMISSION TESTING MARKET FOR PIPELINE, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR PIPELINE, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR PIPELINE, BY REGION, 2015-2023 (USD THOUSAND)
    • AGING AIRCRAFT
      • Table ACOUSTIC EMISSION TESTING MARKET FOR AGING AIRCRAFT, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR AGING AIRCRAFT, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR AGING AIRCRAFT, BY REGION, 2015-2023 (USD THOUSAND)
    • TURBINE
      • Table ACOUSTIC EMISSION TESTING MARKET FOR TURBINE, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR TURBINE, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR TURBINE, BY REGION, 2015-2023 (USD THOUSAND)
    • STRUCTURAL MONITORING
      • Table ACOUSTIC EMISSION TESTING MARKET FOR STRUCTURAL MONITORING, BY TYPE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR STRUCTURAL MONITORING, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR STRUCTURAL MONITORING, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR STRUCTURAL MONITORING, BY REGION, 2015-2023 (USD THOUSAND)
      • PRESSURE VESSELS
      • BRIDGES
      • CONCRETE BEAMS
      • OTHERS
    • NUCLEAR TANK
      • Table ACOUSTIC EMISSION TESTING MARKET FOR NUCLEAR TANK, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR NUCLEAR TANK, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR NUCLEAR TANK, BY REGION, 2015-2023 (USD THOUSAND)
    • MARINE
      • Table ACOUSTIC EMISSION TESTING MARKET FOR MARINE, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR MARINE, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR MARINE, BY REGION, 2015-2023 (USD THOUSAND)
    • TUBE TRAILER
      • Table ACOUSTIC EMISSION TESTING MARKET FOR TUBE TRAILER, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR TUBE TRAILER, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR TUBE TRAILER, BY REGION, 2015-2023 (USD THOUSAND)
    • ADVANCED MATERIAL
      • Table ACOUSTIC EMISSION TESTING MARKET FOR ADVANCED MATERIAL, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR ADVANCED MATERIAL, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET FOR ADVANCED MATERIAL, BY REGION, 2015-2023 (USD THOUSAND)
  • MARKET ANALYSIS, BY GEOGRAPHY
    • INTRODUCTION
      • Table ACOUSTIC EMISSION TESTING MARKET, BY REGION, 2015-2023 (USD MILLION)
    • NORTH AMERICA
      • Table ACOUSTIC EMISSION TESTING MARKET IN NORTH AMERICA, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET IN NORTH AMERICA, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET IN NORTH AMERICA, BY APPLICATION, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET IN NORTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table ACOUSTIC EMISSION TESTING MARKET IN EUROPE, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET IN EUROPE, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET IN EUROPE, BY APPLICATION, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET IN EUROPE, BY COUNTRY, 2015-2023 (USD MILLION)
      • UK
      • GERMANY
      • FRANCE
      • ITALY
      • AUSTRIA
      • SWITZERLAND
      • REST OF EUROPE
    • APAC
      • Table ACOUSTIC EMISSION TESTING MARKET IN APAC, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET IN APAC, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET IN APAC, BY APPLICATION, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET IN APAC, BY COUNTRY, 2015-2023 (USD MILLION)
      • CHINA
      • INDIA
      • MALAYSIA & SINGAPORE
      • REST OF APAC
    • ROW
      • Table ACOUSTIC EMISSION TESTING MARKET IN ROW, BY EQUIPMENT, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING MARKET IN ROW, BY SERVICE, 2015-2023 (USD MILLION)
      • Table ACOUSTIC EMISSION TESTING MARKET IN ROW, BY APPLICATION, 2015-2023 (USD THOUSAND)
      • Table ACOUSTIC EMISSION TESTING IN ROW, BY REGION, 2015-2023 (USD MILLION)
      • MIDDLE EAST
      • AFRICA
      • SOUTH AMERICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • ACOUSTIC EMISSION TESTING MARKET RANKING ANALYSIS
      • Table TOP 5 PLAYERS IN ACOUSTIC EMISSION TESTING MARKET (2017)
    • COMPETITIVE SCENARIO
      • PARTNERSHIPS, ACQUISITIONS, AND AGREEMENTS
        • Table RECENT PARTNERSHIPS, ACQUISITIONS, AND AGREEMENTS IN ACOUSTIC EMISSION TESTING MARKET
      • EXPANSIONS AND CONTRACTS
        • Table RECENT EXPANSIONS AND CONTRACTS IN ACOUSTIC EMISSION TESTING MARKET
      • PRODUCT LAUNCHES AND COLLABORATIONS
        • Table RECENT PRODUCT LAUNCHES AND COLLABORATIONS IN ACOUSTIC EMISSION TESTING MARKET
  • COMPANY PROFILE
    • TUV RHEINLAND
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TUV AUSTRIA
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • TUV NORD
      • BUSINESS OVERVIEW
      • PRODUCTS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MISTRAS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • GENERAL ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • PARKER HANNIFIN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • ACOUSTIC EMISSION CONSULTING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • VALLEN SYSTEME
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • MNM VIEW
    • KRN SERVICES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • SCORE ATLANTA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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