Global Acoustic Emission Testing (AET) Market projected to grow at a CAGR of 8.67% by 2025: Global Market Estimates

MUMBAI, India, Feb. 12, 2018 /PRNewswire-iReach/ -- According to a new market research report published by Global Market Estimates, the Global Acoustic Emission Testing (AET) market is expected to grow at a CAGR of 8.67% from 2017 to 2025. The growing demand for non-destructive testing (NDT) solutions is expected to foster demand for acoustic emission testing services over the coming years.

Acoustic emission testing is extensively used in inspecting & monitoring welding, structural integrity, leak testing, and detecting flaws. These devices have gained wide acceptance in the government infrastructure & public safety and oil & gas segments.

Browse 73 Market Data Tables and 28 Figures spread through 105 Pages and in-depth TOC on "Global Acoustic Emission Testing (AET) Market - Forecast to 2025"

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By Application (Visual Inspection, Surface Inspection, Volumetric Inspection, Others)

By Vertical (Power Generation, Oil & Gas, Aerospace, Automotive, Government Infrastructure & Public Safety, Others)

By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa)

End-Use Landscape; Vendor Landscape and Competitor Analysis

Key Market Insights

• The demand for acoustic emission testing is expected to grow at a high CAGR in the oil & gas industry on account of its extensive use in inspecting and monitoring defects in transmission pipelines, subsea pipelines, and storage tanks

• Stringent regulations in terms of inspections and monitoring implemented in the oil & gas, infrastructure, defense, and aerospace industry is projected to augment market demand

• Some of the major companies engaged in the Acoustic Emission Testing (AET) market are TÜV Rheinland, SGS SA, TechCorr, Mistras Group, Inc., Intertek Group PLC, Immusco Technologies, Arudra Engineers Pvt. Ltd., Exova Group Limited, and Acoustic Emission Inspection, Inc. among others.

• In March 2017, Chesterfield Special Cylinders' Integrity Management team (CSC IM) appreciated DNV GL's strategy to use acoustic emissions (AE) testing for carrying out periodical inspections of seamless gas cylinders.

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Application Outlook (Revenue, USD Million, 2015 - 2025)

• Visual Inspection
• Surface Inspection
• Volumetric Inspection
• Others

Vertical Outlook (Revenue, USD Million, 2015 - 2025)

• Power Generation
• Oil & Gas
• Aerospace
• Automotive
• Government Infrastructure & Public Safety
• Others

Regional Outlook (Revenue, USD Million, 2015 - 2025)

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• UK
• France

Asia Pacific

• China
• India
• Japan

Central & South America.

• Brazil
• Argentina

Middle East & Africa

• UAE
• Saudi Arabia

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